Mumbai, India – December 14, 2025 : India’s primary capital markets continue to show strong momentum in mid-December 2025, with four new initial public offerings (IPOs) scheduled to open for subscription in the coming week. Together, these offerings aim to raise nearly ₹830 crore, reflecting sustained investor appetite despite a relatively lighter mainboard pipeline.
The upcoming IPO slate includes one mainboard issue and three SME IPOs, highlighting the continued strength of the SME segment even as large-cap listings temporarily slow. Market participants attribute the robust pipeline to stable macroeconomic conditions, strong retail and high-net-worth individual (HNI) participation, and positive trends in the secondary market.
Analysts expect healthy subscription levels, particularly from retail and HNI investors, as the IPOs span manufacturing, logistics, and technology, sectors benefiting from India’s export growth, infrastructure push, and digital expansion. The new offerings are part of the broader 2025 IPO boom, which has already seen record fundraising exceeding ₹1.5 lakh crore so far this year, setting the stage for another potentially blockbuster year in 2026.
📌 Key IPOs Opening Next Week
KSH International Ltd (Mainboard IPO)
The largest issue of the week, KSH International Ltd, will open for subscription on December 16, 2025, and close on December 18, 2025, aiming to raise ₹710 crore. The IPO is priced in the range of ₹365–₹384 per share, with a lot size of 39 shares.
The issue consists of a ₹420 crore fresh issue and a ₹290 crore offer-for-sale (OFS) by promoter shareholders Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rajesh Kushal Hegde, and Rohit Kushal Hegde. Incorporated in 1979, KSH is India’s third-largest manufacturer and the largest exporter of magnet winding wires, used in transformers, motors, and electric vehicle components.
In FY2025, the company reported a 39% year-on-year revenue growth to ₹1,938 crore, exporting to 24 countries, including the US, UAE, and Germany. IPO proceeds will be used for debt repayment, machinery expansion, and solar power projects.
Book-running lead managers are Nuvama Wealth Management and ICICI Securities, with listing expected on BSE and NSE on December 23, 2025. The grey market premium (GMP) is currently nil, signaling cautious but stable sentiment.
Neptune Logitek Ltd (SME IPO)
Neptune Logitek Ltd will be the first to open, from December 15 to December 17, 2025, with a ₹46.62 crore fixed-price issue at ₹126 per share. The lot size is 1,000 shares, translating to a minimum retail investment of ₹2.52 lakh.
Founded in Gandhidham, Gujarat, Neptune provides integrated logistics services including freight forwarding, customs clearance, multimodal transport, and door-to-door solutions. As of August 2025, it operates nearly 200 fleet vehicles, nine branches, and a captive fuel station. Promoted by Ankit Devidas Shah and Reema Ankit Shah, the company plans to use IPO proceeds primarily for truck purchases and debt reduction. Listing on BSE SME is expected on December 22, 2025.
Global Ocean Logistics India Ltd (SME IPO)
Another SME offering, Global Ocean Logistics India Ltd, focuses on ocean freight and multimodal logistics services, tapping into strong demand driven by rising exports and supply-chain diversification. The issue adds to the growing list of logistics-focused SME IPOs attracting investor interest.
MARC Technocrats Ltd (SME IPO)
The fourth IPO of the week, MARC Technocrats Ltd, represents the technology and engineering solutions segment, targeting growth through innovation-led offerings and expanding digital infrastructure demand.
In addition to the new issues, the week will also see around 15 stock market listings, including high-profile names such as ICICI Prudential AMC and Corona Remedies, further boosting market excitement.
Market experts caution that risks remain, including raw material price volatility and operational dependencies, particularly for manufacturing firms. However, strong fundamentals such as export diversification, sectoral tailwinds in power, renewables, logistics, and faster SME listings continue to underpin investor optimism.
Overall, the upcoming IPO pipeline signals sustained capital market strength heading into year-end, reinforcing confidence in India’s equity markets.
🧠 Key Facts & Companies Involved
Total IPOs Opening: 4
Funds Targeted: ~₹830 crore
Mainboard IPO: KSH International Ltd
SME IPOs: Neptune Logitek, Global Ocean Logistics India, MARC Technocrats
2025 IPO Fundraising: ₹1.5 lakh crore+ YTD
Key Segments: Manufacturing, logistics, technology
