Upcoming & Current IPOs: How to Choose the Best One?

If you’ve been hearing whispers about IPOs lately and wondering how to join the excitement, you’re not alone. The stock market is alive with talk of upcoming IPOs in 2025, and it’s easy to see why—names like Reliance Jio, Zepto, and Tata Capital are preparing to step into the public arena. With so many choices on the table, though, how do you decide which one deserves your attention?

Let’s look at what’s coming up, why these IPOs matter, and how you can pick one that feels right for you.

What’s Ahead for IPOs in 2025?

The upcoming IPO landscape in 2025 is shaping up to be something special. Some big players are getting ready to go public and bringing plenty of potential with them. Here’s a glimpse of the ones making waves:

 

• Reliance Jio: Since shaking up India’s telecom scene in 2016 with affordable 4G, this Reliance Industries arm has become a powerhouse. Its 2025 IPO could value it at over ₹9.3 trillion, fueled by a strong network and digital offerings like JioTV and JioCinema.
• Zepto: Ever tried quick-commerce? Zepto delivers groceries fast and has seen its revenue soar by 120% to ₹4,454 crore in FY24. They’re planning to file for an IPO by March or April 2025.
• Tata Capital: Part of the reliable Tata Group, this financial services company is eyeing a $2 billion IPO (around ₹18,000 crore). It’s a chance to invest in a lending and financial solutions leader.
• Ather Energy: Focused on electric two-wheelers, Ather’s IPO includes a fresh issue worth ₹3,100 crore and some shares for sale. It’s a window into India’s shift toward sustainable transport.
• Tata Passenger Electric Mobility (TPEML): With an 80% grip on India’s EV market, TPEML—think Nexon EV and Tiago EV—is planning a $1-2 billion IPO to ramp up production and explore luxury models with Jaguar Land Rover.
• Boat: Known for budget-friendly earphones and smartwatches, Boat’s ₹2,000 crore IPO will support growth into new products and markets, starting with a debut in the UAE.

There are more in the mix, like Puranik Builders, FabIndia, and PharmEasy, each with its own story. But what ties them together is the chance they offer to get in early on something big.

Why IPOs Are Worth a Look

IPOs, or initial public offerings, are when a company first sells shares to the public. It’s like their grand entrance into the stock market. For us as investors, it’s an opportunity to buy into a business before it takes off.

The catch? Not every IPO turns into a goldmine. Some soar, others stumble. That’s why picking the right one matters. With a demat account, you can jump in, but knowing what to look for is key.

How to Choose the Best IPO for You

So, how do you sift through all these upcoming IPOs and find the one that fits? Here are the practical steps to guide you without overcomplicating things.

1. Know the Company’s Story

Start with the basics: what does the company do? Reliance Jio, for instance, is all about telecom and digital services—sectors that are booming in India. Zepto’s in the fast-paced world of quick deliveries, while Ather Energy rides the electric vehicle wave. Ask yourself: Is this a business I understand and believe in? If it’s too dark, it might not be your best bet.

2. Check the Numbers

Numbers don’t lie—or at least, they tell a story. Look at the company’s revenue and growth. Zepto’s 120% jump is impressive, but dig deeper: Are they profitable yet, or are they still burning cash to grow? Tata Capital’s backing by the Tata Group adds stability, which can feel reassuring. Most IPOs share a draft prospectus—grab it and skim the financials. You don’t need to be an accountant; see if the trend looks promising.

3. Think About the Industry

Some sectors are more alluring than others. Like Ather and TPEML, EVs are riding a global push for green energy. Quick-commerce (Zepto) and digital healthcare (PharmEasy) are growing fast, too, especially post-pandemic. On the flip side, if an industry feels crowded or shaky, that’s worth noting.

4. Size Up the Valuation

Here’s where it gets tricky. A company might sound amazing, but the upside could be limited if the IPO price is sky-high. Reliance Jio’s ₹9.3 trillion valuation is huge—will it still have room to grow? Compare it to competitors or past IPOs in the same space. If it feels overpriced, maybe wait and buy later on the market.

5. Consider the Timing

Markets can be moody. A great company launching an IPO during a downturn might struggle out of the gate. Keep an eye on what’s happening globally and locally—interest rates, inflation, etc.

6. Look at the Purpose

Why is the company raising money? Boat’s using its ₹2,000 crore to expand products and markets can be compelling. However, if the funds are paying off old debts or cashing out early investors, that’s less inspiring.

7. Trust Your Gut

Data’s crucial, but there’s something to be said for instinct. If a company’s story—like FabIndia’s homegrown charm—clicks with you, that can tip the scales. Just don’t let excitement override the facts.

Getting Started: The Demat Account

Before you can invest, you’ll need a demat account. It’s like a digital wallet for your shares—super easy to set up through a bank or broker. You can also link it to your bank, and you’re ready to apply for IPOs through the broker’s app or website. Most platforms even let you track upcoming IPOs and apply with a few clicks.

The Bottom Line

Choosing the best IPO isn’t about chasing the latest thing in the market. It’s about finding a company you get, with numbers that make sense, in an industry you trust. The upcoming IPOs in 2025 are brimming with possibilities, from telecom giants to EV pioneers. Take your time, do a little homework, and start small if you’re unsure.