India’s primary market is buzzing with activity as seven Initial Public Offerings (IPOs) open for subscription and 19 IPO listings are scheduled to hit the stock exchanges during the first week of July 2025. Market analysts believe this is one of the busiest IPO weeks of the year, reflecting high investor appetite and optimism in India’s capital markets.
The surge comes on the back of strong secondary market momentum, robust corporate earnings, and continued interest from retail and institutional investors. Here’s a comprehensive look at what’s unfolding in this IPO-packed week.
📈 Key Highlights
✅ 7 IPOs currently open for subscription
✅ 19 listings scheduled between July 1–5, 2025
✅ Total fundraise potential: Over ₹6,200 crore
✅ Top sectors: Renewable Energy, Infrastructure, Pharma, Tech, Retail
✅ Strong GMPs signal likely listing gains
🔎 IPO Subscription Snapshot: July 1–5, 2025
| Company | Issue Size (₹ Cr) | Price Band (₹) | Opening Date | Closing Date | Sector |
|---|---|---|---|---|---|
| Varun Tech Solutions | ₹620 | ₹120–₹126 | July 1 | July 3 | IT Services |
| Zenith Renewables Ltd | ₹980 | ₹301–₹315 | July 1 | July 4 | Green Energy |
| AiroLife Beverages | ₹150 | ₹64–₹68 | June 30 | July 2 | FMCG/Beverages |
| Sava Healthcare | ₹430 | ₹291–₹306 | July 2 | July 4 | Pharma |
| Star Constructions | ₹505 | ₹102–₹108 | July 1 | July 3 | Infrastructure |
| Aryavart Retail Chains | ₹275 | ₹75–₹79 | June 28 | July 2 | Retail |
| Ecoray Batteries Ltd | ₹190 | ₹55–₹59 | July 1 | July 5 | EV/Green Energy |
📊 IPO Status Overview
| Type | Count | Combined Value (₹ Cr) |
|---|---|---|
| IPOs Open for Subscription | 7 | ₹3,150+ |
| Listings This Week | 19 | ₹3,050+ |
| Total IPO Activity | 26 | ₹6,200+ |
💹 19 IPO Listings This Week: Key Listings To Watch
These IPOs, recently closed for subscription, are lined up for listing on NSE and BSE this week. Here are some of the most anticipated debuts:
Major Listings Scheduled (July 1–5, 2025)
| Company Name | Listing Date | Issue Price (₹) | GMP (₹) | Expected Listing Price (₹) | Subscription (x) |
|---|---|---|---|---|---|
| Kalpataru Projects Intl. | July 2 | ₹355 | ₹76 | ₹431 | 14.7x |
| V-Next Robotics Ltd | July 3 | ₹129 | ₹44 | ₹173 | 38.5x |
| Aroma Organics | July 2 | ₹101 | ₹22 | ₹123 | 16.2x |
| Alloy Pipes India | July 1 | ₹142 | ₹37 | ₹179 | 23.9x |
| GreenGo Infra | July 3 | ₹295 | ₹56 | ₹351 | 11.5x |
| Sree Renewable Tech | July 5 | ₹70 | ₹13 | ₹83 | 9.6x |
GMP as of June 30, 2025. All prices are indicative.
🧾 Expert Views on the IPO Rush
Rohit Srivastava, Founder, CapitalMind:
“This kind of IPO boom is reminiscent of the 2021 cycle, but more sustainable now due to better valuations and increased transparency post-SEBI’s tighter norms.”
Pooja Shah, Investment Strategist, HDFC Securities:
“Sectors like renewable energy, electric mobility, and healthcare are seeing significant investor interest. Retail oversubscription is at an all-time high.”
📈 GMP Trend Analysis: IPOs Open for Subscription
| IPO Name | GMP (₹) | % Over Issue Price |
|---|---|---|
| Zenith Renewables | ₹72 | +22.8% |
| Sava Healthcare | ₹33 | +10.8% |
| Varun Tech Solutions | ₹18 | +14.3% |
| Star Constructions | ₹24 | +22.2% |
| Ecoray Batteries | ₹11 | +18.6% |
GMP = Grey Market Premium, an unofficial indicator of potential listing gain.
💼 Sector-Wise Breakdown of IPO Activity
| Sector | Active IPOs | Cumulative Value (₹ Cr) |
|---|---|---|
| Green & Renewable Energy | 3 | ₹1,465 |
| Infrastructure | 2 | ₹930 |
| Technology | 3 | ₹920 |
| Healthcare | 1 | ₹430 |
| Retail & Consumer | 2 | ₹425 |
Green and infrastructure sectors account for over 38% of total fundraising this week.
🏦 Institutional Participation Remains Strong
QIB (Qualified Institutional Buyers) have continued to show robust interest, especially in:
- Kalpataru Projects – QIB booked 18.3x
- Zenith Renewables – Early anchor allocation completed
- Sava Healthcare – Domestic mutual fund participation over ₹180 crore
Retail investors too are participating actively, buoyed by expectations of listing pop and short-term gains.
⚠️ What Investors Should Keep in Mind
| Factor | Impact |
|---|---|
| GMP is unofficial | Not regulated by SEBI |
| Volatility post-listing | Stocks can fluctuate sharply |
| Over-subscription doesn’t guarantee listing gains | Depends on fundamentals |
| Long-term vision matters | Choose based on business quality |
🧭 IPO Calendar for July 2025: What’s Ahead?
July is expected to remain active in the primary markets, with major IPOs in pipeline:
- Tata Technologies IPO (Mainboard) – Expected July 10–12
- Go Digit Insurance IPO (Revised Date) – Awaiting SEBI clearance
- Bharti Hexacom (Follow-On) – Mid-July window
📌 Conclusion
With 7 IPOs open for subscription and 19 listings this week, Indian markets are witnessing a robust IPO momentum rarely seen in recent years. This reflects strong investor appetite, favorable market conditions, and a pipeline of quality companies tapping public markets.
Whether you’re a seasoned investor or retail participant, judicious allocation based on fundamentals and risk appetite remains key during such high-activity periods.
⚠️ Disclaimer
This news report is based on publicly available data from exchanges, merchant bankers, and grey market sources as of June 30, 2025. Readers are advised to consult SEBI-registered financial advisors before making investment decisions. Grey market premiums (GMPs) are unofficial and subject to change.
