Bitcoin 
Ethereum 
Litecoin 
Jupiter 
June 2025 witnessed a mesh of mega and SME IPOs, with eight large-cap issues and over 30 SME offerings driving a colossal ₹19,000 crore fundraise. This unprecedented surge underlines renewed investor confidence and significant market momentum — here’s how it unfolded.
🚀 Big‑League IPOs: Major Players Go Public
- HDB Financial Services IPO
- Size: ₹12,500 crore fresh issue + ₹10,000 crore offer-for-sale (OFS) = ₹22,500 crore total offer
- Anchor book: attracted ₹3,369 crore from institutional giants like LIC, BlackRock, and Norway’s sovereign fund analyticsinsight.net+4reuters.com+4marathi.indiatimes.com+4indiatimes.com+1timesofindia.indiatimes.com+1
- Price band: ₹700–740; tentative listing on July 2, 2025 economictimes.indiatimes.com+6reuters.com+6indiatimes.com+6
- Significance: India’s largest non-bank NBFC IPO in 2025—often dubbed a “golden opportunity” by analysts reuters.com
- Size: ₹12,500 crore fresh issue + ₹10,000 crore offer-for-sale (OFS) = ₹22,500 crore total offer
- Kalpataru IPO
- Size: ₹1,590 crore fresh issue, price band ₹387–414 reuters.com+5analyticsinsight.net+5economictimes.indiatimes.com+5
- Performance: Weak investor response with just 38% subscription by Day 3 economictimes.indiatimes.com+1economictimes.indiatimes.com+1
- Size: ₹1,590 crore fresh issue, price band ₹387–414 reuters.com+5analyticsinsight.net+5economictimes.indiatimes.com+5
- Globe Civil Projects IPO
- Size: Undisclosed, but strong public response: oversubscribed ~19×; grey market premium (GMP) ~17% economictimes.indiatimes.comipowatch.in+5reddit.com+5economictimes.indiatimes.com+5
- Size: Undisclosed, but strong public response: oversubscribed ~19×; grey market premium (GMP) ~17% economictimes.indiatimes.comipowatch.in+5reddit.com+5economictimes.indiatimes.com+5
- Earlier SME/Main-board issues:
- PRO FX Tech: ₹40.3 crore, launches June 26 tvscapital.in+3ipowatch.in+3indianexpress.com+3reddit.com+3analyticsinsight.net+3economictimes.indiatimes.com+3
- Moving Media Entertainment: ₹43.4 crore, subscription till June 30, SME board listing July 3 economictimes.indiatimes.com+1economictimes.indiatimes.com+1
- Valencia India: ₹48.95 crore (₹44 cr fresh + ₹4.95 cr OFS) economictimes.indiatimes.com
- PRO FX Tech: ₹40.3 crore, launches June 26 tvscapital.in+3ipowatch.in+3indianexpress.com+3reddit.com+3analyticsinsight.net+3economictimes.indiatimes.com+3
Collectively, these eight large IPOs accounted for approximately ₹15,000 crore, forming the bulk of the fundraising spree.
🏭 SME IPO Boom: 30+ Small Firms Join the Party
Alongside the behemoth offerings, over 30 SME IPOs were launched across NSE Emerge and BSE SME. Highlights include:
- Monolithisch India: ₹82.02 crore, launched mid-June, listed June 19 indianexpress.comm.economictimes.com+1timesofindia.indiatimes.com+1analyticsinsight.net+1economictimes.indiatimes.com+1
- Aakaar Medical Technologies: ₹27 crore, listed June 27 on SME platform economictimes.indiatimes.com
- Eppeltone Engineers: Showcased a strong debut—listed at a 90% premium over IPO price, signaling high investor demand economictimes.indiatimes.com+1economictimes.indiatimes.com+1
Why this SME surge?
- Investors chasing listing gains: The average listing-day return on SME IPOs has been ~34%, surpassing mainboard IPOs (~23%) reuters.com+15livemint.com+15news24online.com+15
- SEBI reforms boosting trust: Stricter norms—EBITDA ₹1 cr min., OFS capped at 20%, lock-in rules, and limited use of IPO proceeds—are making SME offerings more credible financialexpress.com+3moneycontrol.com+3timesofindia.indiatimes.com+3
For FY 25 (Apr 2024–Mar 2025), SMEs raised over ₹9,000 crore through ~235 listings—a 53% YoY surge .
💡 Market Implications & Investor Opportunities
This flurry of IPOs reflects:
- High retail and HNI interest: Mainboard IPO oversubscriptions frequently exceed 10×; SME listings are hotter, often 100× oversubscribed
- Inflow from foreign institutions: Anchor support in deals like HDB Financial indicates return of FII optimism marathi.indiatimes.com+5reuters.com+5timesofindia.indiatimes.com+5
- Regulatory guardrails: SEBI’s tightened framework is improving transparency—making small IPOs less speculative ipowatch.in
⚠️ Watchpoints & Risk Factors
- Valuation concerns: Overhyped grey market premiums may not sustain after listing. Example: Citichem SME IPO lacked listing gains despite 400× subscription reddit.com
- SME volatility: While average listing gain is high, SME stocks can crash just as fast without solid fundamentals livemint.com
- Investor vigilance needed: Focus on profitability (EBITDA ≥ ₹1 cr), promoter lock-ins, proper use of funds, and corporate governance.
✅ Smart IPO Strategy: How to Benefit
- Diversify across segments: Mix mega-cap stability (like HDB) with high-upside SME opportunities.
- Avoid hype-driven listings: Don’t follow grey market premiums blindly—anchor backing and fundamentals matter.
- Track SEBI compliance: Preference to SME IPOs with clear EVA targets, restricted OFS, promoter discipline.
- Face listing risk head-on: Early listing gains may tempt exit, but long-term fundamentals deliver sustained growth.
📊 June IPO Impact in Numbers
| Segment | No. of IPOs | Funds Raised ( ₹ crore ) |
| Large IPOs | 8 | ~15,000 |
| SME IPOs | 30+ | ~4,000 |
| Total (June) | — | ~19,000 |
Final Take
June 2025 marked a watershed moment in India’s capital markets—driven by a blend of blockbuster mega IPOs and a vibrant SME wave, underpinned by strong regulatory oversight. While investors can reap significant listing gains, careful evaluation of fundamentals, governance standards, and prudent investment strategies remain key.
I am a digital marketing executive as well as content writer in the stock market and crypto related blogs. My goal is to provide simple, interesting and reliable information to readers through my articles so that they always stay updated with the world of stock market and crypto.
