Upcoming IPOs In July: NSDL To JSW Cement, Mainboard Issues To Watch Out For

Several important companies are expected to launch their initial public offerings in July. The primary market investors are keeping a watch on the upcoming IPOs of NSDL, Tata Capital, Hero Fincorp and LG Electronics India, among others, which are expected to be launched later this month.

Here’s a look at some of the important upcoming IPOs in July:

The initial public offering of the National Securities Depository is expected to launch in July. NSDL is expected to mobilise Rs 3,421.6 crore through its public offer. The mainboard issue is expected to comprise only an offer-for-sale of 5.01 crore shares.

The depository received the Securities and Exchange Board of India’s approval for the IPO in October 2024.

Tata Capital is expected to launch its IPO, worth Rs 17,200 crore, in July. According to reports, SEBI approved the IPO in June 2025. Tata Capital had filed the Draft Red Herring Prospectus for the IPO through the confidential route on April 5. 

The Hero FinCorp IPO is expected to have an issue size of Rs 3,668 crore. The mainboard issue is likely to comprise a fresh issue of shares, worth Rs 2,100 crore, and an OFS portion aimed at raising Rs 1,568 crore. The company is likely to launch its IPO later this month.

The company received SEBI approval for the IPO in March 2025. The public offer is expected to be a Rs 15,000-crore issue. The parent company, South Korea’s LG Electronics Inc. will reportedly offload 10.18 crore shares, or 15% of the stake, through the IPO.  

JSW Cement is gearing up to raise Rs 4,000 crore through its IPO. The mainboard issue is expected to comprise a fresh issue and an offer-for-sale of Rs 2,000 crore each. The IPO is likely to be a 100% book-built issue.

The BlueStone IPO received SEBI approval in April 2025. It is expected to comprise a fresh issue of Rs 1,000 crore and an offer-for-sale of up to 2.39 crore shares.  

Greaves Electric Mobility is also reportedly in the process of launching its IPO in July. The public offer is expected to be a combination of a fresh issue of shares worth Rs 1,000 crore and an OFS of 18.9 crore shares. The company received SEBI approval for the issue in May.

SEBI approved the GK Energy IPO in April 2025. The mainboard issue will comprise a fresh issuance of shares, amounting to Rs 500 crore and an OFS portion of 84 lakh shares. The company specialises in solar pumps meant for agriculture. 

The Smartworks Coworking Spaces IPO is a book-building issue worth Rs 582.56 crore. The IPO will comprise a fresh issue of 1.09 crore shares, aggregating Rs 445 crore, and an OFS segment of 34 lakh shares, worth Rs 137.56 crore.

The subscription window for the IPO will remain open from July 10 to July 14. Shares of the IPO are expected to be listed on the NSE and BSE on July 17.

The price band for the IPO has been fixed between Rs 387 and Rs 407 per share.

The Anthem Biosciences IPO will be a book-building issue of Rs 3,395 crore. The mainboard issue will be entirely an offer-for-sale. The IPO is expected to open for subscription in mid-July.