IPO Analysis of IPO Market in March 2025
Understanding the IPO landscape is crucial for investors looking to make informed decisions, and having access to up-to-date data on upcoming IPO is key. This data provides valuable insights into the companies which are filing their Draft Red Herring Prospectus (DRHP), the sectors they represent, and the merchant bankers backing them. By analyzing this information, investors can identify emerging opportunities, assess market trends, and make more strategic choices. With the right data, investors can stay ahead of the curve, ensuring they don’t miss out on best IPO and can optimize their investment strategies for better returns.
In the month of March 2025, 51 companies have filed Draft Red Herring Prospectus (DRHP). The filings include 32 companies filed DRHP with BSE SME exchange and 19 with NSE Emerge of the SME platform of India. Additionally, 12 SME IPO were listed in the month of March.
16 companies have filed DRHP on Mainboard platform in the month of March 2025
This data offers investors a comprehensive look at upcoming IPO, helping them spot opportunities based on sectors, cities, and merchant bankers. Platforms like ipoplatform.com provide real-time updates; ensuring investors stay informed and ready to capitalize on the next big opportunity. With detailed IPO listings, sector insights, and expert advice, IPO Advisors make it easier for investors to make confident, data-driven decisions.
Key Highlights of the Month March
- 51 Companies have filed DRHP with Recognized Stock Exchanges such as;
- 32 Companies have filed DRHP with BSE SME exchange and,
- 19 Companies have filed DRHP with NSE Emerge.
- 16 Companies have filed DRHP (Mainboard) with SEBI.
- 12 SME IPO got listed in the month of March through NSE Emerge and BSE SME.
- 3 SME IPO that have closed in 1st week of April;
- Retaggio Industries Limited IPO
- Spinaroo Commercial Limited IPO
- Infonative Solutions Limited IPO
The IPO market in 2025 is expected to see significant growth, driven by a surge in companies filing their Draft Red Herring Prospectus (DRHP) on both the SME and Mainboard platforms of India's stock exchanges. With over 50 companies already filing in March alone, the upcoming months could witness a vibrant and active IPO landscape, reflecting optimism among businesses looking to go public and raise capital. This growth could be a key indicator of investor confidence and a buoyant market outlook in 2025.
List of Upcoming SME IPO whose DRHP are filed with BSE SME Exchange;
|
Name |
Key Financial Indicators (in Rs. Crores) |
City |
Merchant Banker |
Sector |
|
|---|---|---|---|---|---|
|
|
Revenue |
PAT (Profit after Tax) |
|
|
|
|
137.94 |
4.82 |
Ahmedabad |
Gretex Corporate Services Limited |
Steel |
|
|
4.23 |
2.59 |
Jaipur |
Bonanza Portfolio Limited |
Banking and Finance - FinTech |
|
|
215.56 |
6.92 |
Assam |
Wealthmine Networks Private Limited |
Steel |
|
|
541 |
7.64 |
Rajkot |
Smart Horizon Capital Advisors Private Limited |
Retail |
|
|
80.66 |
9.92 |
New Delhi |
Beeline Capital Advisors Private Limited |
Healthcare - Hospitals and Clinic |
|
|
252.18 |
19.44 |
Ajmer |
Sobhagya Capital Options Limited |
Automobile - Forging and Casting |
|
|
31.16 |
2.36 |
Kolkata |
Horizon Management Private Limited |
Aluminium |
|
|
63.62 |
4.5 |
Mumbai |
Hem Securities Limited |
Steel |
|
|
543.2 |
33.54 |
Jaipur |
Srujan Alpha Capital Advisors LLP |
Infrastructure |
|
|
63.42 |
1.18 |
Ahmedabad |
Chartered Finance Management Private Limited |
Jewellery |
|
|
65.36 |
7.62 |
Hyderabad |
Finshore Management Services Limited |
Engineering - EPC |
|
|
150.56 |
14.08 |
Hisar |
Hem Securities Limited |
Electric Equipments |
|
|
36.46 |
2.54 |
Gandhinagar |
Beeline Capital Advisors Private Limited |
Retail |
|
|
78.74 |
4.36 |
Secunderabad |
Hem Securities Limited |
Rubber |
|
|
282.76 |
4.26 |
Ernakulam |
Fast Track Finsec Private Limited |
Logistics |
|
|
91.4 |
11.1 |
Mangalore |
Finshore Management Services Limited |
Logistics |
|
|
21.62 |
5.12 |
Mumbai |
Seren Capital Private Limited |
Plastic and Polymer |
|
|
124.5 |
7.28 |
Gandhinagar |
Marwadi Chandarana Intermediaries Brokers Private Limited |
Aluminium |
|
|
51.78 |
2.7 |
Rajkot |
Sun Capital Advisory Services Private Limited |
Electric Equipments - OEM |
|
|
211.06 |
8.38 |
Ludhiana |
Khambatta Securities Limited |
Steel |
|
|
80.7 |
8.18 |
Madurai |
Capitalsquare Advisors Private Limited |
Healthcare - Hospitals and Clinic |
|
|
211.9 |
12.28 |
Mumbai |
Seren Capital Private Limited |
Steel |
|
|
98.48 |
10.9 |
Ahmedabad
|
Beeline Capital Advisors Private Limited |
Engineering - Heavy Machinery |
|
|
26.73 |
4.47 |
Rajkot |
Jawa Capital Services Private Limited |
Electric Equipments |
|
|
85.18 |
12.42 |
New Delhi |
Share India Capital Services Private Limited |
Healthcare - Hospitals and Clinic |
|
|
104.74 |
13.98 |
Ahmedabad |
Marwadi Chandarana Intermediaries Brokers Private Limited |
Solar |
|
|
48.94 |
6.24 |
Indore |
Seren Capital Private Limited |
Steel |
|
|
228.86 |
29.46 |
Mumbai |
Smart Horizon Capital Advisors Private Limited |
Healthcare |
|
|
140.52 |
8.44 |
Bhopal |
Inventure Merchant Banker Services Private Limited |
Outsourcing - BPO |
|
|
76.57 |
5.78 |
Mumbai |
Aryaman Capital Markets Limited |
Plastic and Polymer |
|
|
127.98 |
14.48 |
Kolkata |
Horizon Management Private Limited |
Textiles |
|
|
114.50 |
12.18 |
New Delhi |
Corpwis Advisors Private Limited |
Textiles - Fabrics |
|
List of Upcoming SME IPO whose DRHP are filed with NSE Emerge;
|
Name |
Key Financial Indicators (in Rs. Crores) |
City |
Merchant Banker |
Sector |
|
|---|---|---|---|---|---|
|
|
Revenue |
PAT (Profit after Tax) |
|
|
|
|
91.46 |
5.8 |
Mumbai |
Unistone Capital Private Limited |
Plastic and Polymer |
|
|
90.36 |
7.92 |
Jaipur |
Holani Consultants Private Limited |
Infrastructure |
|
|
25.76 |
8.56 |
Ahmedabad |
GYR Capital Advisors Private Limited |
Information Technology |
|
|
27.4 |
8.49 |
Hyderabad |
Fast Track Finsec Private Limited |
ESG |
|
|
108.22 |
8.56 |
New Delhi |
GYR Capital Advisors Private Limited |
Steel |
|
|
148.58 |
25.02 |
New Delhi |
Arihant Capital Markets Limited |
Information Technology - SaaS |
|
|
132.28 |
16.08 |
New Delhi |
GYR Capital Advisors Private Limited |
Retail |
|
|
17.74 |
5.9 |
Delhi |
Narnolia Financial Services Limited |
Drone |
|
|
212.54 |
18.62 |
Vadodara |
Unistone capital Private Limited |
Steel |
|
|
139.8 |
8.24 |
Vadodara |
Horizon Management Private Limited |
Electric Equipment - transformers |
|
|
49.12 |
6.24 |
Chattisgarh |
Finshore Management Services Limited |
Agro |
|
|
819.09 |
25.95 |
Ahmedabad |
Beeline Capital Advisors Private Limited |
Chemical |
|
|
45.26 |
12.72 |
Delhi |
Share India Capital Services Private Limited |
Information Technology |
|
|
119.02 |
8.36 |
Jaipur |
Holani Consultants Private Limited |
Agro |
|
|
124.4 |
25.06 |
Mumbai |
Hem Securities Limited |
Electric Equipments |
|
|
254.50 |
7.98 |
Kolkata |
Marwadi Chandarana Intermediaries Brokers Private Limited |
Textiles |
|
|
35.56 |
3.42 |
Bhubaneswar |
Affinity Global Capital Market Private Limited |
Healthcare |
|
|
40.20 |
2.84 |
Mumbai |
Comfort Securities Limited |
Information Technology - Saas |
|
|
13.18 |
3.88 |
Mumbai |
Khambatta Securities Limited |
Information Technology |
|
|
34.64 |
4.98 |
New Delhi |
Corpwis Advisors Private Limited |
Human Resources and Manpower |
|
List of Upcoming Mainboard IPO whose DRHP are filed with SEBI;
|
Name |
Key Financial Indicators (in Rs. Crores) |
City |
Merchant Banker |
Sector |
|
|---|---|---|---|---|---|
|
|
Revenue |
PAT(Profit after tax) |
|
|
|
|
937 |
103 |
Ahmedabad |
SBI Capital Markets Limited |
Engineering - EPC |
|
|
541 |
51 |
Mumbai |
Jefferies India Private Limited |
Real Estate |
|
|
5777.2 |
224.2 |
Chennai |
PL Capital Markets Private Limited |
Metal |
|
|
500.4 |
26.4 |
Mumbai |
Smart Horizon Capital Advisors Private Limited See more |
Logistics |
|
|
598.4 |
42.8 |
Jaipur |
Choice Capital Advisors Private Limited |
Chemical - Pesticides |
|
|
1215.8 |
70.4 |
Mumbai |
IIFL Capital Services Limited |
Retail |
|
|
576.4 |
31 |
Hyderabad |
Ambit Private Limited |
Engineering |
|
|
105.98 |
7.78 |
New Delhi |
Emkay Global Financial Services Limited See more |
Logistics |
|
|
2376.7 |
304.06 |
Bengaluru |
Motilal Oswal Investment Advisors Limited |
Infrastructure |
|
|
37.34 |
11.26 |
Gujarat |
IIFL Capital Services Limited |
Healthcare - Hospitals and Clinic |
|
|
1383.02 |
225.4 |
New Delhi |
DAM Capital Advisors Limited See more |
Healthcare - Hospitals and Clinic |
|
|
199.32 |
11.94 |
Jaipur |
Unistone Capital Private |
Engineering - EPC |
|
|
79.82 |
3.02 |
Himachal Pradesh |
IIFL Capital Services Limited See more |
Plastic and Polymer |
|
|
169.4 |
16.36 |
Ambala |
Ambit Private Limited See more |
Solar |
|
|
Allchem Lifescience Limited IPO |
15.7 |
2.18 |
Vadodara |
Emaky Global Financial Services Limited See more |
Pharmaceutical |
|
1443.48 |
150.20 |
New Delhi |
Motilal Oswal Investment Advisors Limited |
Solar |
|
Details of all Listed Companies in the month of March;(Link of all listed company)
|
Exchange |
Listed Companies |
Total Fund Raise (Amount in Rs Crores) |
|---|---|---|
|
NSE Emerge |
5 |
278.11 |
|
BSE SME |
7 |
252.42 |
NEW AMENDMENTS BY SEBI
The Securities and Exchange Board of India (SEBI), has introduced new amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, aimed at enhancing transparency, efficiency, and investor protection, particularly in Small and Medium Enterprise (SME) IPO. These changes focus on improving disclosure norms, streamlining the listing process, and strengthening regulatory oversight. The amendments are expected to boost investor confidence by ensuring greater accountability and reducing risks associated with SME listings. (Link to the SME Ebook)
These are the following changes introduced by SEBI for SME IPO in India:
|
Particulars |
Changes |
|---|---|
|
Offer for Sale |
SEBI sets a 20% limit on OFS in SME IPO. Existing shareholders cannot offload more than 50% of pre IPO Holdings. |
|
Repayment of Loan |
SMEs can't use IPO funds to repay loans of promoters or related parties. |
|
Mandatory 1-Year Existence for Converted Entities |
SMEs must complete 1 financial year as a company post-conversion from a proprietorship, partnership, or LLP before filing for an IPO. |
|
Change in Promoter Holding |
A 1-year waiting period is required for filing an offer document if an SME undergoes a major promoter change exceeding 50% ownership. |
|
Lock-In Period for Promoters |
Minimum promoter contribution - 20% of post issue capital is locked-in for 3 years. |
|
Monitoring Agency |
Appointment of a monitoring agency is mandatory if issue size exceeds Rs. 50 crores. |
|
If Monitoring Agency is not Mandatory |
|
|
Public comments on DRHP |
SME IPO DRHP requires a 21-day public review, newspaper advertisements (within 2 days of filing DRHP), and a QR code for seamless investor access. |
What is the role of IPO Advisors in listing of an IPO?
IPO Advisors and IPO Consultants play a crucial role in guiding companies through the complex process of listing an Initial Public Offering (IPO). Their primary responsibility is to ensure that the company meets the IPO eligibility requirements set by regulatory authorities and stock exchanges such as BSE SME and NSE Emerge.
Team of ipoplatform.com guides companies through the listing process, helping them meet all necessary requirements for Initial Public Offer (IPO) in India. We also assist in connecting the companies with the best Merchant Bankers to maximize their fundraising potential. With expert advisory, valuation strategies, and investor outreach, IPO Advisors help companies achieve a successful public listing and unlock growth opportunities in the capital markets.
These professionals work closely with Merchant Bankers to structure the IPO, prepare financial disclosures, and ensure compliance with regulatory norms. They assist in drafting the Draft Red Herring Prospectus (DRHP), coordinating with regulatory bodies like SEBI, and facilitating due diligence.
Conclusion: Unlocking Opportunities with IPO 2025
The IPO market in March 2025 has started with strong momentum, with 67 companies filed their DRHP across BSE SME, NSE Emerge, and the Mainboard. With 12 SME IPO successfully listed and several upcoming IPO in April, investors have numerous opportunities to explore.
For companies looking to go public, IPO Advisors play a crucial role in streamlining the IPO listing process. From compliance with regulatory requirements to selecting the right Merchant Bankers, these experts ensure a smooth transition into the capital markets. Platforms like ipoplatform.com provide real-time updates, expert insights, and the necessary guidance to help companies and investors make informed decisions.
As we move further into SME IPO 2025, staying updated on upcoming IPO and analyzing key financials can help investors capitalize on high-growth opportunities. With strategic planning and expert guidance, both businesses and investors can unlock the full potential of the IPO market in 2025.
0 Comments