An IPO (Initial Public Offering) is the process by which a private company offers its shares to the public for the first time and gets listed on a stock exchange. It allows companies to raise capital from investors while giving the public a chance to own a stake in the business.
June 2025 has been a blockbuster month for India’s primary market. With a mix of large-cap and SME IPOs hitting the street, investor sentiment remains strong. From banking and real estate to engineering and healthcare, companies across sectors have chosen June as the best time to go public.
Let’s take a closer look at the Top IPOs in June 2025, their details, and what investors should watch for.
Highlights of June 2025 IPO Activity
- 18+ companies launched IPOs this month.
- Mix of Mainboard and SME IPOs.
- Strong listings, especially in the SME segment.
- HDB Financial Services is the biggest name this month.
- Interest from both retail and institutional investors.
Latest IPOs in June 2025
1. HDB Financial Services IPO
- Type: Mainboard IPO
- Issue Size: ₹12,500 crore
- Price Band: ₹700–740
- IPO Dates: June 25–27
- About: A subsidiary of HDFC Bank, HDB is a leading NBFC focusing on retail loans and financial services.
- Keyword: HDB Financial IPO 2025
2. Kalpataru Projects International
- Issue Size: ₹1,590 crore (fresh issue)
- Price Band: ₹387–414
- Dates: June 24–26
- Sector: Real estate and construction (focus on MMR region)
- Keyword: Kalpataru IPO June 2025
3. Sambhav Steel Tubes
- Size: ₹540 crore
- Price Range: ₹77–82
- Dates: June 25–27
- Sector: Manufacturing (steel & infrastructure)
- Keyword: Steel IPO India June 2025
4. Indogulf Cropsciences
- Issue Size: ₹200 crore
- Price Band: ₹105–111
- Dates: June 26–30
- Sector: Agri-chemicals
- Keyword: Indogulf Cropsciences IPO 2025
Top SME IPOs to Watch
India’s SME IPO segment continues to outperform in 2025. Here are some strong performers this month:
1. Eppeltone Engineers Ltd
- IPO Date: June 17–19
- Price: ₹128/share
- Listing Gain: 90% premium on debut (listed at ₹242)
- Sector: Industrial automation & electricals
- Keyword: Best SME IPO June 2025
2. Safe Enterprises Retail Fixtures
- Issue Size: ₹169.7 crore
- Dates: June 20–24
- Focus: Retail infrastructure solutions
- Keyword: Safe Enterprises SME IPO 2025
3. Aakaar Medical Technologies
- Size: ₹27 crore
- Dates: June 20–24
- Sector: Healthcare & aesthetics
- Keyword: Medical tech IPO India 2025
4. AJC Jewel Limited
- Issue Size: ₹14.6 crore
- Dates: June 23–26
- Industry: Jewellery and luxury retail
- Keyword: Jewellery IPO June 2025
Other notable SME IPOs include:
- Icon Facilitators (June 24–26)
- Globe Civil Projects (June 24–26)
- Arisinfra, Samay Projects, and Mayasheel Retail
Upcoming IPOs – What’s Ahead?
PhonePe IPO – Coming Soon
- Expected Size: ₹12,750 crore
- Sector: Fintech
- Note: Among the most anticipated IPOs in 2025.
- Keyword: PhonePe IPO 2025
SEBI Approvals
- GNG Electronics, Amanta Healthcare, and Glottis Limited have recently received SEBI approval for IPOs.
Investor Insights – Key Takeaways
- GMP Trends: Grey Market Premiums are modest for big IPOs like Kalpataru (~₹5) but higher for some SMEs.
- SME Boom: Smaller IPOs like Eppeltone show explosive listing gains—but come with higher risk.
- Diversified Sectors: From NBFCs and real estate to tech and agri, investors can pick themes that suit their portfolios.
- Retail Dominance: Retail investors are highly active in SME IPOs, while large institutions back Mainboard offerings.
Tips for Investors
- Research Fundamentals before subscribing. Avoid chasing IPO hype.
- Track GMPs, but don’t rely solely on them.
- Diversify your IPO picks—don’t put all funds into a single company.
- Use IPO allotment strategies like applying via UPI multiple accounts (if applicable).
Final Thoughts
June 2025 IPOs in India mark an exciting time for equity markets. Whether you’re an investor looking for stable long-term plays or short-term listing gains, there’s something for everyone. With marquee names like HDB Financial and a booming SME pipeline, IPO activity is expected to remain strong in the months ahead.
Stay informed, invest wisely, and make the most of India’s IPO wave in 2025!
