India is set to witness a flurry of IPO activity between June 23 and June 30, 2025, with 17 public issues, including 6 mainboard IPOs and 11 SME IPOs, opening for subscription amid volatile market sentiment driven by the Israel-Iran conflict. Notable listings include offerings from Influx Healthtech and Aakaar Medical Technologies. Market participants remain optimistic despite geopolitical tensions, driven by positive macroeconomic signals and recent successful IPO performances.
In a packed week for India’s capital markets, 17 Initial Public Offerings (IPOs)—6 mainboard and 11 SME—are scheduled to open for subscription from June 23 to June 30, 2025, despite heightened geopolitical concerns due to the ongoing Israel-Iran conflict. This surge reflects sustained investor interest, supported by strong liquidity and bullish sentiment in the primary market.
Among the headline IPOs are those of Influx Healthtech, a Bengaluru-based digital health platform offering AI-powered diagnostics, and Aakaar Medical Technologies, a Gujarat-based medical equipment manufacturer. Both companies are targeting significant capital to support expansion and innovation.
Brokerage firm Bajaj Broking noted in its latest market commentary that “the IPO pipeline reflects a broader risk appetite and robust institutional demand, even amidst rising global uncertainties.”
Mainboard IPOs:
- HDB Financial Services IPO: June 25–27, Price Band ₹700–₹740
- Globe Civil Projects IPO: June 24–26, Price Band ₹67–₹71
- Ellenbarrie Industrial Gases IPO: June 24–26, Price Band ₹380–₹400
- Kalpataru Projects International IPO: June 24–26, Price Band ₹387–₹414
- Sambhv Steel Tubes IPO: June 25–27, Price Band ₹77–₹82
- Indogulf Cropsciences IPO: June 26–30, Price Band TBA
SME IPOs:
- AJC Jewel IPO: June 23–26, Price Band ₹90–₹95
- Icon Facilitators IPO: June 24–26, Price Band ₹85–₹91
- Abram Food IPO: June 24–26, Price Band ₹98
- Shri Hare-Krishna Sponge Iron IPO: June 24–26, Price Band ₹56–₹59
- Suntech Infra Solutions IPO: June 25–27, Price Band ₹81–₹86
- Supertech EV IPO: June 25–27, Price Band ₹87–₹92
- Moving Media Entertainment IPO: June 26–30, Price Band TBA
- PRO FX Tech IPO: June 26–30, Price Band ₹82–₹87
- Valencia India IPO: June 26–30, Price Band ₹95–₹110
- Neetu Yoshi Designs IPO: June 27–July 1, Price Band TBA
New Listings:
- Arisinfra Solutions IPO: Listing on BSE and NSE on June 25
- Samay Project Services IPO: NSE SME listing on June 23
- Patil Automation IPO: NSE SME listing on June 23
- Eppeltone Engineers IPO: NSE SME listing on June 24
As India continues to prioritize domestic investment and infrastructure, experts forecast that the primary market could outperform expectations in H1 FY26, especially with active participation from both institutional and retail investors.