Jan 6, 2025

Stay ahead in the market and explore these groundbreaking listings that promise innovation and growth Copied The year 2025 is set to be a significant one for the equity market with several high-profile initial public offerings (IPOs) on the horizon. Diverse sectors, ranging from financial services to automotive components, are preparing to list on the stock exchange . These IPOs not only represent growth opportunities for the companies involved but also offer investors access to promising ventures. Here’s a detailed look at some of the most anticipated IPOs. HDB Financial Services Ltd.: A Major Step for HDFC Group HDB Financial Services Ltd., a subsidiary of HDFC Bank Ltd., plans to raise up to ₹125 billion ($1.5 billion) through its IPO. As one of India’s leading non-banking financial companies (NBFCs), HDB Financial Services has built a strong presence in the lending and financial services industry. The funds raised are expected to support its expansion plans and strengthen its position in the highly competitive NBFC segment. The company has a robust portfolio of consumer and business loans, which has driven steady growth in its financial performance. Its IPO will likely attract considerable attention from retail and institutional investors, given its association with HDFC Bank, India’s largest private-sector lender. Analysts anticipate a strong subscription rate for this offering. LG Electronics India: A Game-Changer in the Consumer Electronics Sector LG Electronics Inc., the South Korean multinational, is planning to list its Indian unit on the stock exchange with a valuation of up to $15 billion. This IPO, targeted for the first half of 2025, underscores the growing importance of India as a key market for global consumer electronics brands. LG Electronics India has a significant market share in home appliances, televisions, and air conditioners, making it a household name across the country. The listing is expected to provide the company with a platform to strengthen its operations further and invest in research and development. The IPO also signals a broader strategy to localize operations and deepen its engagement with Indian consumers. With a strong track record and brand reputation, LG’s Indian unit’s IPO is likely to draw substantial interest. Quest Global Services Pte: Engineering Solutions at the Forefront Quest Global Services Pte, a leading engineering-services firm backed by Carlyle Group Inc., is preparing for an IPO that could raise approximately $1 billion. The company specializes in providing technology-driven solutions to sectors such as aerospace, automotive, energy, and healthcare. Its global footprint and client-centric approach have made it a trusted partner for numerous Fortune 500 companies. The IPO is expected to support Quest Global’s growth strategy, which includes expanding its services portfolio and strengthening its presence in emerging markets. The listing will also showcase the value of engineering services firms in a rapidly digitizing world. Market analysts view Quest Global’s IPO as a reflection of the increasing demand for specialized engineering and technology solutions. Zetwerk Pvt Ltd.: Reinventing Supply Chains Zetwerk Pvt Ltd., a supply-chain startup, is considering an IPO to raise up to $1 billion. Known for its innovative approach to supply chain management, Zetwerk has disrupted traditional manufacturing and procurement processes. Its platform connects manufacturers and buyers, enabling efficient sourcing and timely delivery of industrial goods. The company’s rapid growth and ability to adapt to diverse industries, including infrastructure, oil and gas, and consumer durables, have positioned it as a leader in the B2B manufacturing space. The funds raised through the IPO will likely be used to expand operations and enhance its technological capabilities. Zetwerk’s public offering is poised to attract investors keen on leveraging the potential of India’s manufacturing and industrial sectors. Mahle GmbH’s India Business: Strengthening Automotive Component Supply Mahle GmbH, a German automotive parts manufacturer, is reportedly planning to list its Indian business, potentially raising up to $400 million. Mahle India plays a critical role in supplying components for internal combustion engines and e-mobility solutions, catering to both domestic and international automotive manufacturers. The IPO comes at a time when India’s automotive industry is transitioning towards electrification and sustainability. Proceeds from the offering will likely be directed towards research and development, as well as expanding the company’s product range. Mahle’s strong presence in the automotive supply chain positions its Indian business as a strategic asset for investors looking to capitalize on the growth of the EV and hybrid vehicle markets. Market Implications of the IPOs These IPOs highlight the diversity and dynamism of the sectors represented. From financial services and consumer electronics to engineering solutions and supply chains, each company brings a unique value proposition to the table. The listings are expected to contribute significantly to the equity market’s liquidity and provide new investment opportunities for retail and institutional participants. The increased interest in IPOs reflects the broader optimism surrounding India’s economic growth and global investments. These companies are well-positioned to benefit from favorable market conditions, technological advancements, and evolving consumer preferences. As these IPOs hit the market, they will likely shape investor sentiment and drive market trends in 2025. The IPOs slated for 2025 represent a mix of established leaders and emerging innovators, each with the potential to make a significant impact on the stock market . These listings underscore the strength and diversity of India’s business landscape, offering investors a range of opportunities across industries. As the year unfolds, these IPOs will be closely watched for their performance and long-term implications for the equity market.