Upcoming IPOs in 2025 – A CA’s Perspective

Where Should Businesses and Investors Focus?

The Indian IPO market for 2025 promises to be exciting and dynamic, offering lucrative opportunities for businesses and investors. With several high-profile companies preparing for public listings, strategic investment planning is crucial.

Key Upcoming IPOs in 2025

1. PhonePe

• Industry: Fintech

• Why It’s Important: A market leader in UPI transactions with over 590 million registered users.

• Growth Potential: Backed by Walmart, the company has achieved profitability in FY 2024, making it a strong candidate for a successful IPO.

2. OfBusiness

• Industry: B2B E-commerce

• Why It’s Important: A rapidly growing B2B procurement platform, backed by SoftBank.

• Growth Potential: Plans to raise up to $1 billion, focusing on expansion in global markets.

3. ICICI Prudential AMC

• Industry: Financial Services

• Why It’s Important: A key player in India's growing asset management industry.

• Growth Potential: Expected to attract strong institutional and retail investor interest due to its market positioning.

4. Reliance Jio & Flipkart

• Industry: Telecom & E-commerce

• Why It’s Important: Potential record-breaking IPOs from India's telecom and e-commerce giants.

• Growth Potential: Market dominance, large customer base, and high revenue potential make these offerings highly anticipated.

5. Ather Energy

• Industry: Electric Vehicles (EV)

• Why It’s Important: A major player in India's EV revolution, benefiting from government incentives.

• Growth Potential: The IPO will provide investors access to the booming sustainable mobility sector.

6. JSW Cement

• Industry: Infrastructure & Construction

• Why It’s Important: A leading name in India's construction and infrastructure development.

• Growth Potential: Increased demand for cement and construction materials due to urban expansion and government projects.

7. NSDL (National Securities Depository Limited)

• Industry: Financial Services

• Why It’s Important: A crucial player in India's securities market infrastructure.

• Growth Potential: Rising demand for depository services makes it an attractive IPO for institutional investors.

8. Avanse Financial Services

• Industry: Education Financing

• Why It’s Important: Specializes in education loans, catering to India's growing higher education sector.

• Growth Potential: Expanding demand for education finance solutions drives investor interest.

Role of CAs in IPO Advisory

Chartered Accountants play a crucial role in the IPO process by providing expertise in:

• IPO Advisory: Assisting companies with financial structuring, compliance, and valuation strategies.

• Tax Structuring: Optimizing tax strategies for efficient post-IPO operations.

• Regulatory Compliance: Ensuring adherence to SEBI regulations and mitigating financial risks.

Final Take

With a mix of fintech, e-commerce, financial services, infrastructure, and EV companies going public, 2025 presents diverse investment opportunities. CAs must stay ahead by guiding clients on IPO readiness, tax structuring, and compliance to capitalize on these market opportunities.

Stay informed, strategize wisely, and make the most of the IPO boom in 2025!