The top 5 upcoming IPOs in 2025 are preluding to what might turn out to be one of the most eventful years in Indian markets. The question that investors are already putting forward is: Which IPO should you buy in 2025?, What are the upcoming IPOs in 2025? And who is the mother of all IPOs in 2025? From tech giants to D2C disruptors, the upcoming IPOs in 2025 in India promise a diverse mix of opportunities.
‘The best time to invest was yesterday. The second best is now, especially when the IPO pipeline looks this exciting.’
Know What is IPO in the Stock Market?
Quick Glance: Top 5 Upcoming IPOs in 2025
| Company | Industry | Estimated Issue Size | Reason to Watch |
| Zepto | Quick Commerce | ₹1,000 crore+ | Rapid growth, backed by YC & Nexus |
| Wakefit | D2C Furniture & Sleep | ₹600–800 crore | Profitable D2C startup, high recall |
| Reliance Jio | Telecom & 5G | ₹40,000 crore+ | India’s largest telecom giant |
| Tata Capital | Financial Services | ₹20,000 crore+ | Strong parentage, growing demand |
| PhonePe | Fintech/UPI | ₹20,000 crore (expected) | UPI leader, Walmart-backed |
Zepto IPO: Speed is Money
One of the hottest names in the upcoming mainboard IPO 2025 is a stream of a quick commerce company Zepto, which is up-and-coming in the market, with the help of Y Combinator and Nexus Ventures. The valuation of more than 8,000 crores makes the news yet again because the startup is all about profitability which is an extremely rare aspect in the business of 10-minute delivery.
Expect Zepto to attract significant retail attention, especially from those tracking best IPOs to buy this week or short-term gainers with high GMV metrics.
Website:- Zepto
Wakefit IPO: Sleep That Sells
Wakefit is not really a mattress company, it is a profitable bootstrapped d2c success. As one of the smarter names in the top 5 IPOs 2025 NSE watchlist, Wakefit is aiming for ₹600–₹800 crore in fresh capital.
Their unique positioning in sleep solutions, combined with offline expansion plans and a modular furniture roadmap, puts them ahead of the D2C curve. Investors watching what are the 5 latest IPOs should absolutely have Wakefit bookmarked.
Website:- Wakefit
Reliance Jio IPO: The Giant Awakens
If you’re asking Who is the mother of all IPOs in 2025?, here’s your answer. Reliance Jio’s IPO is expected to be one of India’s biggest listings. With over 450 million users, Jio’s ecosystem spans telecom, OTT, retail, and fintech.
Its IPO is also a key event for investors searching for large-cap opportunities in the upcoming IPO 2025 India lineup. It’s expected to dominate discussions across retail platforms, institutional circles, and fintech forums alike.
Website:- Reliance Jio
Tata Capital IPO: Stability with Strength
Tata Capital’s upcoming listing has analysts watching closely. Analysts expect this NBFC play to raise over ₹20,000 crore, as it stands well-positioned in an environment of rising credit demand and booming financial digitisation.
“So, if you were about to ask, ‘Any good IPOs coming up this week?’, then here’s an update: Tata Capital might not be listing anytime soon. However, there is some action at the DRHP stage. That said, investors still consider it a more secure bet among IPOs because they trust the Tata brand.
Website :- Tata Capital
PhonePe IPO: Fintech’s Crown Jewel
PhonePe isn’t just a UPI app; it’s a fintech ecosystem with more than 46% UPI market share. Backed by Walmart and already re-domiciled to India, it’s preparing for a ₹20,000 crore+ listing.
Given its positioning, this is a must-watch for anyone scanning the upcoming IPO 2025 NSE or fintech-specific IPOs in India. PhonePe’s play is strong on both digital finance and rural inclusion, giving it a broad appeal across investor segments.
Website:- PhonePe
Play It Smart
From Zepto’s fast delivery to Reliance Jio’s massive telecom network, the top 5 upcoming IPOs in 2025 offer something for every kind of investor. Whether you’re looking at upcoming IPOs in 2025 in India or scouting the best IPO to buy, this list should guide your strategy.
As always, read the DRHPs, follow listing dates, and align your investment goals. These IPOs might just be the early chapters in India’s next wave of market leaders.
Disclaimer: We are only making recommendations as mentioned above. Please conduct thorough research before you consider investing in any of the above IPOs.
Recommended read :- What is IPO GMP? Why it Matters in the Grey Market
