Upcoming IPOs In July 2025: NSDL, Crizac, Hero FinCorp And Other Mainboard Issues To Watch Out For
Hero FinCorp, Crizac and Travel Food Services are some of the top mainboard issues expected to be launched in July 2025.
Primary market investors are expected to witness hectic activities in July with several mainboard issues scheduled to hit Dalal Street to raise funds.
The upcoming IPOs in July 2025 include Tata Capital, JSW Cement, Hero Fincorp and NSDL, among others. The mainboard issues of Travel Food Services and Crizac are also scheduled to open in July.
Apart from these mainboard issues, the SME IPOs of Chemkart India, Meta Infotech, Happy Square Outsourcing and Cryogenic OGS are also scheduled to open for subscription in July.
Here’s a look at the key details about upcoming IPOs in July:
Crizac IPO
It is a book-building issue of Rs 860 crore. It comprises an offer for sale of 3.51 crore shares. The price band for the IPO is set between Rs 233 and Rs 245 per share. A single lot size contains 61 shares.
Interested investors can bid for shares between July 2 and July 4. The allotment of shares is likely to be done on July 7. The IPO listing has been tentatively scheduled for July 9. Shares of the company will be listed on the NSE and BSE.
A maximum of 50% of the net offer will be allocated to Qualified Institutional Buyers. At least 35% of the net offer will be allocated to retail investors and a minimum of 15% of the net offer is reserved for Non-Institutional Investors.
Travel Food Services IPO
The Travel Food Services IPO is a book-building issue of Rs 2,000 crore. The IPO comprises entirely an offer-for-sale.
According to its website, it operates the largest network of travel quick-service restaurants and airport lounges in India. The IPO received the Securities and Exchange Board of India's approval on April 22.
A maximum of 50% of the net offer is reserved for Qualified Institutional Buyers. At least 35% of the net offer will be offered to retail investors and a minimum of 15% of the net offer will be allocated to Non-Institutional Investors.
Anthem Biosciences IPO
The IPO, aimed at raising Rs 3,395 crore, is entirely an offer-for-sale.
The subscription window will be open from July 8 to July 10. Share allotment is proposed to be finalised on July 11. Shares of the company are proposed to be listed on the NSE and BSE on July 15.
Up to 50% of the net issue will be allocated to Qualified Institutional Buyers. At least 35% of the net issue is reserved for retail investors and a minimum of 15% will be offered to Non-Institutional Investors.
Other Mainboard IPOs To Watch Out For In July
Tata Capital’s IPO could be the biggest issue of the year. According to media reports, it is likely to comprise entirely of a fresh issue. The company is in the business of providing financial services, including loans and infrastructure financing. It filed for the IPO on April 4, 2025. The IPO size will reportedly be worth over Rs 17,000 crore.
NSDL received SEBI’s approval to launch an IPO on Sept. 30, 2024. The much-anticipated issue is expected to comprise entirely an OFS portion of Rs 3,400 crore by IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India.
Hero FinCorp received the SEBI approval for the issue on May 22, 2025. The IPO will be a book-building issue worth Rs 3,668 crore, comprising an OFS portion and a fresh issue. Hero FinCorp is the lending arm of Hero MotoCorp. It provides loans across segments such as personal loan, business loan and two-wheeler loan.
JSW Cement received approval from SEBI for its IPO on Jan. 6, 2025. It is among the leading cement manufacturing companies in India. The IPO is expected to be worth Rs 4,000 crore.
SME IPOs In July
The Chemkart India IPO is a book-building issue of Rs 80.08 crore. It consists of a fresh issue of 26 lakh shares worth Rs 64.48 crore and an offer for sale of 6.29 lakh shares worth Rs 15.60 crore. It will have a lot size of 600 shares. The price band for the IPO is set between Rs 236 and Rs 248 per share.
The Meta Infotech IPO is a bookbuilding issue of Rs 80.18 crore. It comprises a fresh issue of 12.45 lakh shares worth Rs 20.04 crore and an offer for sale of 37.35 lakh shares worth Rs 60.13 crore. The price band for the IPO is fixed in the range of Rs 153 to Rs 161 per share. The lot size is 800 shares.
The Happy Square Outsourcing Services IPO is a bookbuilding offer of Rs 24.25 crore. It comprises entirely a fresh issue of 31.90 lakh shares. The price band is set between Rs 72 and Rs 76 per share. The lot size for the issue is 1,600 shares.
The Cryogenic OGS IPO is a bookbuilding issue of Rs 17.77 crore. It comprises a fresh issue of 37.80 lakh shares. The price band is fixed between Rs 44 to Rs 47 per share. The lot size is 3,000 shares.
Among upcoming SME issues, the public offers of Cryogenic OGS and Happy Square Outsourcing Services will remain open for subscription from July 3 to July 7.
Meta Infotech IPO subscription will open on July 4, while Chemkart India will launch the BSE SME issue on July 7.
