India’s IPO market is expected to stay active over the next couple of years, with several large and well-known group companies preparing to go public. These include businesses from banking, insurance, mutual funds, telecom, retail, EVs, renewables, mining, and digital platforms.
Table of Contents
What makes this IPO pipeline especially interesting is that many of these companies are subsidiaries of already listed giants. This opens up the possibility of a shareholder quota, where existing shareholders of the parent company may get a reserved portion in the IPO.
In this article, we take a detailed look at upcoming IPOs that are approved, have filed DRHP, or are still awaiting DRHP, and why investors are closely tracking them.
IPOs That Have Received SEBI Approval or Are IPO Approved
These companies are relatively closer to listing, as they have already received approval from SEBI or have their IPOs approved.
| Company | Parent Company | Status |
|---|---|---|
| Asirvad Micro Finance | Manappuram Finance | SEBI approval received |
| Belstar Microfinance | Muthoot Finance | IPO approved |
| SIS Cash Services | SIS Limited | IPO approved |
| Prestige Hospitality Ventures | Prestige Estates | IPO approved |
| Hero FinCorp | Hero MotoCorp | IPO approved |
| Greaves Electric Mobility | Greaves Cotton | IPO approved |
These IPOs may hit the market sooner than others, depending on market conditions.
IPOs Where DRHP Has Been Filed
These companies have already filed their Draft Red Herring Prospectus (DRHP) with SEBI, which means they have disclosed their business details and financials.
| Company | Parent Company | Status |
|---|---|---|
| EAAA India Alternatives | Edelweiss Financial Services | DRHP filed |
| Central Mine Planning and Design Institute | Coal India | DRHP filed |
| Advanta Enterprises | UPL | DRHP filed |
These IPOs are usually in an advanced stage and may move to approval once SEBI observations are cleared.
IPOs Where DRHP Is Awaited
This is the largest category and includes some of India’s most valuable and high-profile businesses. These companies are still preparing documents and finalising structures.
| Company | Parent Company |
|---|---|
| Credila | HDFC Bank |
| ILJIN Electronics | Amber Enterprises |
| SJVN Green Energy | SJVN |
| Tata Passenger Electric Mobility | Tata Motors |
| Reliance Retail | Reliance Industries |
| Reliance Jio | Reliance Industries |
| LIC Mutual Fund | LIC |
| NHPC Renewable | NHPC |
| ONGC Green | ONGC |
| SBI Mutual Fund | SBI |
| HDFC Ergo | HDFC Bank |
| Kotak AMC | Kotak Mahindra Bank |
| Bajaj Energy | Bajaj Hindusthan Sugar |
| Bajaj Allianz Life Insurance | Bajaj Finserv |
| Bajaj Allianz General Insurance | Bajaj Finserv |
| Reliance General Insurance | Reliance Capital |
| Axis AMC | Axis Bank |
| Jeevansathi.com | Info Edge |
These IPOs are likely to be spread over multiple years, but they remain firmly on investor watchlists.
Why Investors Are Tracking These IPOs Closely
There are a few key reasons why this long list of upcoming IPOs matters:
-
Many are market leaders in their respective segments
-
Several belong to trusted and established business groups
-
Some IPOs may offer shareholder quota benefits
-
Early tracking helps investors plan parent company holdings
-
Sectors like insurance, renewables, EVs, AMC, and digital platforms have long-term growth potential
For retail investors, knowing about these IPOs early provides time to study businesses and understand valuations.
What Is a Shareholder Quota in an IPO?
A shareholder quota is a reserved portion of an IPO set aside for investors who already own shares of the listed parent company.
This category is separate from the retail quota. In many cases, holding even one share of the parent company before the record date is enough to qualify.
Why Shareholder Quota Can Be Helpful
-
Better chances of allotment in popular IPOs
-
Investors can apply under both shareholder and retail categories
-
No additional investment risk
-
Useful in highly oversubscribed issues
Because of this, investors closely track IPO announcements from large corporate groups.
Final Thoughts
India’s upcoming IPO pipeline reflects the depth and maturity of its capital markets. From telecom and retail to renewables and financial services, the range of companies planning to list is wide and diverse.
While IPOs can offer opportunities, investors should always review business fundamentals, financials, and valuations carefully before applying.
Disclaimer: This article is for educational purposes only. The securities mentioned are not investment recommendations.
Discussion 1
Helpfull Article