1. Market Pulse: A Renewed IPO Wave
After a slow start to 2025, IPO markets are showing signs of resurgence. U.S. fintech names like Chime (+59% surge on debut) and Circle Internet have kickstarted renewed investor confidence, with $25.4 billion raised by mid‑June—up from $18.2 billion in 2024. Meanwhile, private equity firms are preparing for an IPO-filled second half, eyeing exits for names like Inspire Brands and Medline Industries.
On the biotech front, Caris Life Sciences gave investors a dose of optimism, jumping nearly 29% on debut and valuing the company at $7.66 billion. Though biotech still only comprises ~5% of total 2025 IPOs, such strong debuts may spur further healthcare listings.
2. Globe‑trotting IPOs: India on the Rise
India’s IPO market is undergoing its own renaissance. Regulators have recently approved listings for diverse players—HDB Financial, Vikram Solar, Kent RO, Karamtara Engineering, and others spanning financial services, renewables, manufacturing, and logistics Notable filings include PNGS Reva Diamond Jewellery’s planned ₹450 crore raise and ArisInfra’s ₹499.6 crore IPO aimed at debt repayment and expansion .
But the Upcoming IPO pipeline doesn’t stop there. Major names are rumoured to go public in 2025:
- Ather Energy: EV-game IPO targeted early 2025, raising ~₹4,500 crore .
- Tata Passenger Electric Mobility, Hexaware Technologies, LG Electronics India, NSDL, Hero FinCorp, Zepto, JSW Cement, PhonePe, Flipkart, BoAt, and more are on the radar .
- Sector Spotlight: EVs, Fintech, Infra, and Beyond
Several sectors dominate upcoming IPO chatter:
| Sectors | Company |
| Electric Vehicles | Ather Energy and Tata’s EV arm look to ride India’s green mobility wave. |
| Fintech & Financial Services | HDB Financial, Hero FinCorp, NSDL, and PhonePe reflect surging digital finance demand. |
| Infrastructure & Industrials | ArisInfra, JSW Cement, Vikram Solar underline India’s development ambitions. |
| Consumer & Retail | LG India taps into consumer tech, boAt and Zepto target lifestyle/emerging urbans. |
4. Risks & Chal
Despite enthusiasm, prospects face headwinds:
- Global uncertainty: Tariffs & geopolitical volatility continue to unsettle markets—the London IPO pipeline remains stalled due to U.S. tariff concerns.
- Private equity caution: Though poised for exits, many PE‑backed firms may delay if valuations don’t meet lofty 2021–22 benchmarks.
- Biotech fragility: Healthcare IPOs still under‑represented; single success stories like Caris may not balance the scales.
If markets sustain current momentum, tempered by cautious valuation discipline, 2025 could mark a broad‑based resurgence—not just across finance and tech, but infrastructure, EVs, consumer, and health.
5. Will It Be Boom Time for BoAt IPO?
So, will this be the IPO moment? Here’s what to monitor:
| Indicator | Why It Matters |
| Chime/Circle-style pops | Continued strong debuts build momentum. |
| Private equity IPO volume | Exit-heavy pipelines signal confidence. |
| Big-ticket India listings | Success of Jio, LG, Ather will set tone. |
| Sector diversity | Spread across sectors indicates true market depth. |
The next six months will be pivotal. If these marquee offerings deliver, and global instabilities remain contained, the market may finally shift from cautious recovery to genuine boom. For investors, the key will be balancing excitement with valuation discipline—and keeping a close watch on those debut-day performances.