From Real Estate to NBFCs: Upcoming Mainboard IPOs in June 2025

June 2025 is shaping up to be a dynamic month for India's primary market, with a diverse range of companies set to launch their Mainboard Initial Public Offerings (IPOs).

June 2025 is shaping up to be a dynamic month for India's primary market, with a diverse range of companies set to launch their Mainboard Initial Public Offerings (IPOs). From real estate and industrial gases to EPC and financial services, these offerings reflect the robust growth across various sectors of the Indian economy. Investors will have several opportunities to participate in the growth stories of established players and promising enterprises.

Here's a closer look at the key Mainboard IPOs scheduled for June 2025:

Kalpataru Ltd: Building on a Legacy of Decades

Kalpataru Limited, a venerable Indian real estate developer with over five decades of experience since its founding in 1969 by Mr. Mofatraj P. Munot, is set to enter the public market. Known for its luxury, premium, and mid-income residential, commercial, and retail projects across the Mumbai Metropolitan Region, Pune, and other major Indian cities, Kalpataru has built a strong reputation for quality, timely delivery, and thoughtful design. Despite recently reporting net losses, the company's extensive legacy and focus on customer satisfaction position it uniquely in the real estate sector, which is projected to contribute 13% to India's GDP in 2025, driven by sustained growth, infrastructure development, and increased investor confidence.

• Opening & Closing Date: June 24 - June 26
• Lot Size: 36 shares
• Issue Size: Rs 1590 crore (fresh issue)
• Allotment Date: June 27

Ellenbarrie Industrial Gases Limited: Powering Industrial Growth

Ellenbarrie Industrial Gases Limited, established in 1973, is a prominent Indian manufacturer and supplier of industrial, medical, and specialty gases, primarily serving Eastern and Southern India. With a five-decade legacy, Ellenbarrie provides essential gases like oxygen, nitrogen, argon, and carbon dioxide in various formats, catering to critical sectors such as healthcare, steel, defense, and chemicals. The company's IPO aims to fuel its expansion plans and reduce debt, further solidifying its position in India's industrial gas market, which is projected to grow at a 7.5% CAGR, driven by demand from various industries.

• Opening & Closing Date: June 24 - June 26
• Lot Size: 37 shares
• Issue Size: Rs 852.53 crore (Rs 400 crore fresh issue, Rs 452.53 crore offer for sale)
• Allotment Date: June 27

Globe Civil Projects Ltd: Constructing India's Future

Globe Civil Projects Ltd, incorporated in 2002, is an integrated Engineering, Procurement, and Construction (EPC) company based in New Delhi. With over two decades of experience, it specialises in infrastructure and non-infrastructure projects across 11 Indian states. Its diversified portfolio includes transport and logistics, social and commercial infrastructure, and residential and commercial buildings, alongside trading in TMT steel. The Indian infrastructure sector is poised for substantial growth, projected to reach USD 2.13 trillion by 2030, with a CAGR of 12.1% from 2025 to 2030, presenting a highly conducive environment for EPC companies like Globe Civil Projects.

• Opening & Closing Date: June 24 - June 26
• Lot Size: 211 shares
• Issue Size: Rs 119 crore (fresh issue)
• Allotment Date: June 27

HDB Financial Services Ltd: India's Largest NBFC IPO

HDB Financial Services (HDBFS), a major Non-Banking Financial Company (NBFC) and a wholly-owned subsidiary of HDFC Bank, is launching what is expected to be India's largest NBFC IPO. Established in 2007, HDBFS offers a wide array of financial services, including personal, business, vehicle, and gold loans, and BPO services, with a significant focus on underserved customers in smaller towns. This substantial IPO aims to bolster its capital base and support future growth, with HDFC Bank also selling a portion of its stake. The NBFC sector in India is experiencing robust credit growth, driven by a diversified portfolio and a "phygital" (physical + digital) model reaching a broad customer base.

• Opening & Closing Date: June 25 - June 27
• Lot Size: 20 shares
• Issue Size: Rs 12,500 crore (Rs 2500 crore fresh issue, Rs 10,000 crore offer for sale)
• Allotment Date: June 30

Sambhv Steel Tubes Ltd: Strengthening the Steel Backbone

Sambhv Steel Tubes Limited is a key Indian manufacturer of Electric Resistance Welded (ERW) steel pipes and structural tubes. Incorporated in 2017, the company is notable for its unique single-location, backwards-integrated facility, encompassing the entire value chain from raw materials like sponge iron and HR coils to finished products. Sambhv Steel Tubes serves diverse sectors including construction, infrastructure, automotive, and agriculture, with a wide distribution network across 15 states and one union territory. The Indian steel pipes market is projected to reach 27.76 Million Tons by 2033, exhibiting a growth rate (CAGR) of 7.65% during 2025-2033, driven by infrastructure development and expanding industrial applications.

• Opening & Closing Date: June 25 - June 27
• Lot Size: 182 shares
• Issue Size: Rs 540 crore (Rs 440 crore fresh issue, Rs 100 crore offer for sale)
• Allotment Date: June 30

As these companies prepare to list on the exchanges, they represent diverse investment opportunities reflecting the ongoing growth and development across key sectors of the Indian economy. Investors are advised to conduct thorough due diligence and consider market conditions before participating in these offerings.