The IPO calendar for 2025 keeps getting more and more exciting. Even as Ather Energy is all set for its debut, May promises to add to the excitement around new issues. Several big-ticket issues, including the LG Electronics India IPO, are scheduled over the next few weeks-
A look at all the key IPOs to watch out for-
LG Electronics India IPO
The much-awaited IPO of Korean LG Electronics’ Indian arm, LG India, mainboard IPO is expected to be launched in May 2025 as it gets SEBI nod. Unlike ArisInfra Solutions, the IPO of the electronics giant is purely an Offer for Sale (OFS) where the parent firm, LG Electronics Inc., will dump up to 10.18 crore equity shares. However, the allotment, price band, and offer date are yet to be announced. Morgan Stanley India Company, JP Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India are the book-running lead managers of the issue, while Kfin Technologies is the registrar for the issue. The company is an industry giant in the business of manufacturing home appliances and consumer electronics.
ArisInfra Solutions IPO
ArisInfra Solutions IPO is a bookbuilding issue of 2.86 crore fresh shares. JM Financial, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers of the issue, while Link Intime India is working as the registrar for the issue. The company wants to raise Rs 600 crore from the primary markets. ArisInfra is a key player in the construction materials industry. The company’s decision not to dump promoter shares reinforces the idea of expansion rather than capital exits by existing shareholders. And, the company has laid out the plan to utilise the IPO funds to repay debt, enhance working capital, and invest in its subsidiary, Buildmex-Infra.
Vikran Engineering IPO
Vikran Engineering is bringing an IPO to raise Rs 1,000 crore via a combination of a fresh issue (Rs 900 crore) and an offer for sale (Rs 100 crore). The company is backed by the ace investor Ashish Kacholio, who is famous by the name ‘Big Whale’ in the industry. Similar to LG Electronics India, Vikran Engineering IPO dates are yet to be announced. Pantomath Capital Advisors and Systematix Corporate Services are the book-running lead managers of the IPO, while Bigshare Services is the registrar. The company’s revenue has grown from Rs 479.57 crore in FY22 to Rs 791.44 crore in FY24, a CAGR of 33% over 3 years. The company operates in 22 states of India and serves critical sectors like power, water, and rail infrastructure.
Avanse Financial Services
Avanse Financial Services is another IPO that is expected to launch in May 2025. The company is India’s second-largest NBFC in education financing. It is raising Rs 3,500 crore through its IPO. The issue includes a fresh issue of Rs 1,000 crore to support loan book growth and technology upgradation. Talking about the company’s financial health, it has reported a revenue of Rs 1,728.81 crore in 2024 as against Rs 990.23 crore in 2023. The company reported a profit of Rs 342.4 crore in 2024 compared with a profit of Rs 157.71 crore in 2023.