NSDL, LG, JSW Cement, Travel Food Services & more hit the market
July brings a strong wave of Initial Public Offerings (IPOs) in the Indian stock market. Investors are gearing up for seven major IPOs that could raise over ₹20,000 crore. This makes July one of the busiest months for public issues in 2025. The listings include a mix of large and mid-sized companies from different sectors—technology, cement, consumer electronics, biotechnology, coworking spaces, and airport food services.
Each of these companies brings something different to the table. Some offer stable long-term growth while others provide a chance for early gains. This article covers everything investors need to know about these upcoming IPOs, including dates, company background, expected size, and what to watch.
NSDL IPO – Expected Between July 21–25
National Securities Depository Limited (NSDL) is one of India’s oldest and most trusted depository institutions. It handles millions of demat accounts and provides a backbone to the Indian stock market. NSDL is planning a full offer-for-sale IPO worth around ₹3,400 crore. The company won regulatory approval in 2024, and the IPO may hit the market between July 21 and July 25.
The promoters, including IDBI Bank, NSE, Union Bank, and SBI, will sell their shares through this issue. NSDL earns steady revenue from account maintenance, transaction services, and corporate actions. In the last financial year, it posted revenue of ₹1,100 crore and a net profit of ₹235 crore.
Investor interest in this IPO remains high due to NSDL’s solid financials and essential role in India’s financial infrastructure.
LG Electronics India IPO – Likely in Late July
LG Electronics India, the Indian arm of the South Korean electronics giant, is planning a massive IPO worth up to ₹15,000 crore. This would make it one of the largest IPOs of the year. LG’s Indian business includes air conditioners, washing machines, televisions, and refrigerators.
The IPO will involve about 10 crore shares, which represent around 15% of the company. LG has already received the green light from the market regulator. Final dates and the price band will be announced soon, but the issue is expected to launch in the second half of July.
LG’s strong brand value, deep distribution network, and profitability make this IPO attractive for investors seeking exposure to India’s fast-growing consumer electronics market.
JSW Cement IPO – Estimated at ₹4,000 Crore
JSW Cement, part of the JSW Group, is aiming to raise about ₹4,000 crore through a mix of fresh shares and offer-for-sale. The company focuses on green cement and has a strong presence in southern and western India. It also benefits from India’s infrastructure boom, with government spending on housing, roads, and metro rail.
While revenue has grown to over ₹6,100 crore, the company is still working on improving profitability. Investors will be watching closely to see how JSW Cement plans to scale and reduce costs. The IPO may open in the third or fourth week of July, depending on market conditions.
Travel Food Services IPO – July 7 to 9
Travel Food Services (TFS) runs food outlets and cafes in airports across India and Malaysia. The company operates nearly 400 quick-service restaurants (QSRs) in high-traffic areas like airports, railway stations, and lounges.
TFS opened its IPO from July 7 to July 9, with a price band of ₹1,045 to ₹1,100 per share. Each lot contains 13 shares. The total issue size is about ₹2,000 crore. The company has already raised ₹599 crore from institutional investors before the main issue opened.
The stock is expected to list on July 14. The company’s healthy profit margins, around 21.5%, and growth in airport traffic post-pandemic make it a promising candidate for long-term gains.
Smartworks Coworking IPO – July 10 to 14
Smartworks is one of India’s leading providers of flexible office space. It focuses on managed workspaces for large companies across India. The company manages around 9 million square feet of office space in 15 cities, serving more than 700 clients.
Smartworks plans to launch its IPO between July 10 and July 14, with a listing expected by July 17. The company wants to use the funds for expansion and to meet the growing demand for hybrid workspaces. In a post-pandemic world, more companies are adopting flexible office arrangements, which could help Smartworks grow.
Anthem Biosciences IPO – July 14 to 16
Anthem Biosciences is a biotechnology company based in Bengaluru. It focuses on contract research and manufacturing services for the pharmaceutical and consumer healthcare sectors. The company’s IPO is a full offer-for-sale worth about ₹3,395 crore.
The IPO will open from July 14 to July 16, with listing expected around July 21. Anthem’s solid revenue base and involvement in the fast-growing life sciences sector make it an interesting opportunity. Investors will focus on its earnings stability and long-term growth potential in the global healthcare market.
Other Noteworthy Listings in July
Apart from the major listings, several small and medium enterprises (SMEs) are also entering the IPO market this month. Some of them include:
Spunweb Nonwoven (July 14–16) – operates in the textile and nonwoven fabrics sector.
Crizac, CFF Fluid Control, Asston Pharmaceuticals, and Glen Industries – companies from the manufacturing, engineering, and pharma sectors.
Cryogenic OGS – provides industrial gas solutions.
These SME IPOs cater to investors seeking high-growth companies in niche sectors. Some of these smaller IPOs in June offered up to 40–50% listing gains, attracting retail interest despite market volatility.
Why July Is a Key Month for IPOs
After a quiet phase in April and May, the IPO market in India is gaining strength in July. Improved market sentiment, lower global volatility, and strong domestic demand are helping companies go public with confidence. July could see IPOs worth more than ₹20,000 crore, far above the June figures.
India remains one of the top IPO destinations globally in 2025, following a sharp rebound in fundraising activity. Year-to-date, Indian markets have seen nearly ₹50,000 crore raised through public issues.
Final Thoughts
July is shaping up as a blockbuster month for IPOs in India. From financial infrastructure firms like NSDL to consumer-focused names like LG and Travel Food Services, the market offers a diverse range of options for investors.
Long-term success will depend on choosing companies with strong fundamentals and growth potential. Investors must study each IPO carefully, keeping in mind business models, financial performance, and market trends. With smart selection and good timing, this IPO season could offer valuable opportunities.
