June 2025 Upcoming IPO: India’s IPO market is heating up once again, and June 2025 is shaping up to be a significant month for investors. The Securities and Exchange Board of India (SEBI) has recently given approval to six major companies to launch their public issues. Among them, the most talked-about is the massive ₹12,500 crore IPO of HDB Financial Services. This wave of approvals signals a fresh round of opportunities for market participants seeking high-growth investment avenues.
For those keeping an eye on the June 2025 Upcoming IPO list, this latest development opens up multiple options across various sectors including finance, chemicals, steel, solar energy, and shipping. Here’s everything you need to know about the companies that have received SEBI’s green light and their IPO details.
Contents
- HDB Financial Services IPO – The Biggest Issue at ₹12,500 Crore
- Dorf-Ketal Chemicals – ₹5,000 Crore IPO for Growth & Innovation
- A-One Steels India – ₹650 Crore Issue from the Steel Sector
- Vikram Solar – Riding the Green Energy Wave
- Shanti Gold International – 1.8 Crore Fresh Equity Shares
- Shreeji Shipping Global – Fresh Issue of 2 Crore Shares
- SME IPOs Also in Focus – Ganga Bath Fittings & Sacheerome Limited
- India’s IPO Market in 2025 – A Strong Outlook
HDB Financial Services IPO – The Biggest Issue at ₹12,500 Crore
Leading the pack is HDB Financial Services, a non-banking financial company (NBFC) promoted by HDFC Bank. With an approved IPO size of ₹12,500 crore, this is not only the biggest IPO in the current list but also one of the largest for the year 2025 so far.
Founded in 2007, the company offers a range of loan products including personal loans, business loans, and asset financing. With a solid net worth of ₹13,300 crore, HDB Financial is expected to attract strong interest from both retail and institutional investors. Its IPO will likely help improve liquidity and boost expansion plans.
Dorf-Ketal Chemicals – ₹5,000 Crore IPO for Growth & Innovation
Next on the list is Dorf-Ketal Chemicals, which has received approval to raise ₹5,000 crore through its IPO. Known for its work in the field of specialty chemicals, the company has shown strong growth in recent years.
In FY 2023-24, Dorf-Ketal recorded a net profit of ₹602 crore, marking a 33.4% year-on-year increase. Revenue for the same period surged by 41.7% to ₹5,479.5 crore. With such robust performance, investors may find this IPO to be a strong contender in the chemical sector.
A-One Steels India – ₹650 Crore Issue from the Steel Sector
A-One Steels India is set to tap the capital markets with a ₹650 crore IPO. Although not as large as HDB or Dorf-Ketal, this offering may still appeal to those looking to invest in India’s infrastructure growth story.
As demand for steel continues to rise due to government-led construction and real estate activity, A-One Steels is expected to benefit from increased capacity and operational expansion funded through this IPO.
Vikram Solar – Riding the Green Energy Wave
Vikram Solar, a well-established player in the solar energy space, also secured SEBI approval. The company saw its operating revenue jump by 21.11% from ₹2,073.23 crore in FY 2023 to ₹2,510.99 crore in FY 2024. Its EBITDA nearly doubled in the same period, from ₹186.18 crore to ₹398.58 crore, showcasing operational efficiency and rising demand.
As India pushes for cleaner energy sources, Vikram Solar’s IPO could draw significant attention from ESG-focused investors and green energy funds.
Shanti Gold International plans a fresh issue of 1.8 crore equity shares. In FY March 2024, the company reported a net profit of ₹26.9 crore, a 35.6% increase over the previous year.
Operating in the jewellery and gold segment, Shanti Gold’s IPO could appeal to investors seeking diversification outside the traditional tech and financial sectors. The growth in demand for organized gold retail and exports may further boost investor interest.
The last company on the list is Shreeji Shipping Global Company, which will launch an IPO comprising a fresh issue of 2 crore shares. Despite a drop in revenue from ₹827.33 crore to ₹736.17 crore in FY 2023-24, the company managed to grow its profit after tax (PAT) to ₹124.51 crore, up from ₹118.89 crore the previous year.
This shipping firm aims to use the IPO proceeds to strengthen its fleet and improve logistics operations, which could position it for better performance in the years to come.
SME IPOs Also in Focus – Ganga Bath Fittings & Sacheerome Limited
While there are no mainboard IPOs scheduled for listing as of early June 2025, the SME segment remains active. Two notable upcoming IPOs on the NSE SME platform are:
- Ganga Bath Fittings Limited (₹32.65 crore IPO opening on June 4)
- Sacheerome Limited (₹61.62 crore IPO opening on June 9)
Both companies have detailed plans for utilizing the IPO proceeds towards capital expansion, debt repayment, and setting up new manufacturing units.
India’s IPO Market in 2025 – A Strong Outlook
So far in 2025, India has hosted 62 IPOs, raising approximately US$2.8 billion and accounting for a 22% share of the global IPO market. This momentum indicates high investor confidence and suggests that India continues to be a favored location for companies aiming to list.
As we move through June, market observers will closely watch how these newly approved IPOs progress and when they announce subscription dates.
The June 2025 Upcoming IPO landscape offers a diverse range of investment opportunities across different industries. From HDB Financial’s mammoth ₹12,500 crore issue to niche players like Shanti Gold and Vikram Solar, investors can consider a variety of sectors and business models.
With SEBI’s approvals in place, it’s now a matter of waiting for these companies to announce their final dates and price bands. For now, the IPO pipeline looks promising and could bring fresh excitement to Dalal Street.
Stay tuned With FCGOFFICIAL for more updates on IPO subscription dates, allotment status, and listing performance in the weeks ahead.