Here are five large IPOs that are widely expected to launch over the next 4–6 weeks, with indicative issue sizes and current status markers from recent media and market reporting. Investors should note that final timing and structure can shift based on SEBI clearances, market conditions, and issuer discretion; rely on DRHP/RHP and exchange notices for confirmations.
Lenskart Solutions (₹8,000 crore)
- India’s leading eyewear retailer is guided to open in early November, with price band disclosure expected by late October, following SEBI’s final observation earlier this month.
- Reports indicate a mix of fresh issue (about ₹2,150 crore) and a large OFS by existing investors to facilitate partial exits and wider float.
- Grey market and expansion updates suggest strong interest into launch, but investors should focus on audited financials and the RHP for definitive metrics.
Billionbrains Garage (Groww) (₹7,000 crore)
- The online brokerage is tipped to target the first week of November; price band clarity is expected closer to launch as book-building firms up.
- Indications point to a predominantly OFS-led structure with a smaller fresh component, aligning with shareholder liquidity and branding goals pre-listing.
- Product cadence remains brisk, with commodities trading rolled out recently—useful context for growth narrative but not a substitute for offer documents.
Pine Labs (₹6,000 crore)
- The merchant payments and fintech platform has been preparing a ₹5,000–₹6,000 crore float with DRHP milestones flagged for mid-2025 and listing targeted this year, subject to regulatory progress.
- A heavyweight syndicate of global and domestic banks has been linked to the deal, underscoring scale and cross-border investor interest.
- Given evolving profitability dynamics in payments, prospective investors should track updated financials and risk factors in the RHP before bidding.
ICICI Prudential AMC (₹10,000 crore)
- Market chatter places the AMC among the larger near-term floats; concrete timing will depend on formal filing sequences and observation windows in the days ahead.
- Size near ₹10,000 crore would rank it among season leaders, but specifics on mix and valuation hinges on disclosures in the offer documents.
- Watch for pre-filing, draft papers, and registrar/banker appointments as early signals of launch readiness within this window.
Imagine Marketing (boAt) (₹2,500 crore)
- The consumer audio and wearables brand remains an active candidate; an issue size near ₹2,500 crore is in line with recent consumer discretionary trends.
- Near-term visibility will come from filing updates and observed timelines; absence of a live band means timing is still contingent.
- Track channel-mix, margin cadence, and working-capital needs in the RHP to gauge post-listing performance drivers.
What to watch next
- Price band and RHP drops: Expected for Lenskart and Groww by late October, setting up early-November books.
- Regulatory milestones: DRHP/RHP movement and SEBI observations for Pine Labs; first formal steps for ICICI Pru AMC and boAt if they target this window.
- Market setup: QIB appetite, U.S. rate trajectory, and listing-day outcomes of contemporaneous IPOs can sway final sizes and pricing.
FAQs
- Are these IPO sizes final?
No—final size, fresh/OFS split, and valuation are confirmed only in the RHP and price band announcement; treat media numbers as indicative. - Which IPO is likely first?
Lenskart and Groww are most frequently cited for early-November opens, pending final disclosures and conditions. - Is Pine Labs confirmed in this window?
Guidance points to a 2025 listing with earlier DRHP activity; exact open dates depend on regulatory progress and market context. - What should investors review before bidding?
RHP financials, risk factors, promoter selling via OFS, and peer valuation benchmarks, not grey-market chatter or headlines. - Can timelines slip?
Yes—issuers regularly calibrate launch to market volatility and SEBI processes; watch exchanges and issuer notices for authoritative updates.