{"id":1632,"date":"2025-04-12T02:16:26","date_gmt":"2025-04-11T20:46:26","guid":{"rendered":"https:\/\/financyte.com\/?p=1632"},"modified":"2025-04-12T02:36:39","modified_gmt":"2025-04-11T21:06:39","slug":"upcoming-indian-ipos-in-april-2025-analysis-grey-market-premiums-and-listing-predictions","status":"publish","type":"post","link":"https:\/\/financyte.com\/index.php\/2025\/04\/12\/upcoming-indian-ipos-in-april-2025-analysis-grey-market-premiums-and-listing-predictions\/","title":{"rendered":"Upcoming Indian IPOs in April 2025 \u2013 Analysis, Grey Market Premiums, and Listing Predictions"},"content":{"rendered":"\n<p>The Indian IPO market has been buzzing with activity in FY2024-25, and April 2025 is shaping up to be no different. With companies across sectors lining up to raise capital and get listed on the NSE and BSE, investors have a variety of opportunities to explore. This article provides a detailed overview of the <strong>upcoming Indian IPOs in April 2025<\/strong>, analyzing their company profiles, grey market premiums (GMP), expert opinions, and likely listing outcomes.<\/p>\n\n\n\n<p>Whether you&#8217;re a seasoned investor or a newcomer to the primary market, this guide will help you make informed decisions on participating in the right IPOs.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfe2 Company Details \u2013 IPOs to Watch in April 2025<\/h2>\n\n\n\n<p>Below is a detailed look at some of the most talked-about IPOs scheduled or expected to launch in April 2025:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">1. <strong>Allied Blenders &amp; Distillers Ltd. (ABD)<\/strong><\/h3>\n\n\n\n<p><strong>Industry:<\/strong> Alcohol &amp; Beverages<br><strong>Issue Size:<\/strong> \u20b92000 Cr (Fresh + OFS)<br><strong>IPO Dates:<\/strong> Expected around April 15\u201318, 2025<br><strong>Lot Size:<\/strong> TBD<\/p>\n\n\n\n<p><strong>Overview:<\/strong><br>ABD is one of India&#8217;s largest IMFL (Indian Made Foreign Liquor) companies, known for brands like Officer\u2019s Choice. The company has shown consistent revenue growth and is expected to use the IPO funds for debt repayment and brand expansion.<\/p>\n\n\n\n<p><strong>NSE India Page:<\/strong> <a href=\"https:\/\/www.nseindia.com\/\">Link to NSE<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">2. <strong>EbixCash Ltd.<\/strong><\/h3>\n\n\n\n<p><strong>Industry:<\/strong> Fintech &amp; Payment Solutions<br><strong>Issue Size:<\/strong> \u20b96000 Cr<br><strong>IPO Dates:<\/strong> Likely in third week of April 2025<br><strong>Lot Size:<\/strong> TBD<\/p>\n\n\n\n<p><strong>Overview:<\/strong><br>EbixCash offers domestic remittance, foreign exchange, utility payments, and insurance distribution. It aims to leverage the IPO proceeds for business growth and acquisitions.<\/p>\n\n\n\n<p><strong>Strengths:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Wide customer base<\/li>\n\n\n\n<li>Cross-border payment platform<\/li>\n\n\n\n<li>Backed by strong parent Ebix Inc (US)<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">3. <strong>FirstCry (BrainBees Solutions Pvt. Ltd.)<\/strong><\/h3>\n\n\n\n<p><strong>Industry:<\/strong> E-commerce \u2013 Baby &amp; Kids Products<br><strong>Issue Size:<\/strong> \u20b91800 Cr (Fresh Issue + Offer for Sale)<br><strong>IPO Dates:<\/strong> Expected late April 2025<br><strong>Lot Size:<\/strong> TBD<\/p>\n\n\n\n<p><strong>Overview:<\/strong><br>FirstCry is India\u2019s top online-first baby product platform. It has a robust online and offline network, supported by investments from SoftBank.<\/p>\n\n\n\n<p><strong>Concerns:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Loss-making currently<\/li>\n\n\n\n<li>Heavy competition from Amazon &amp; Flipkart<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">4. <strong>Ola Electric Mobility Ltd.<\/strong><\/h3>\n\n\n\n<p><strong>Industry:<\/strong> Electric Vehicles (EV)<br><strong>Issue Size:<\/strong> \u20b95500 Cr<br><strong>IPO Dates:<\/strong> Late April or early May 2025<br><strong>Lot Size:<\/strong> TBD<\/p>\n\n\n\n<p><strong>Overview:<\/strong><br>Ola Electric, backed by Bhavish Aggarwal and SoftBank, is entering the capital markets with ambitions to expand manufacturing and battery production capacity.<\/p>\n\n\n\n<p><strong>Pros:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Strong brand recall<\/li>\n\n\n\n<li>Focus on India&#8217;s EV future<\/li>\n<\/ul>\n\n\n\n<p><strong>Cons:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Operational losses<\/li>\n\n\n\n<li>Delivery issues in past<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">5. <strong>Go Digit General Insurance Ltd.<\/strong><\/h3>\n\n\n\n<p><strong>Industry:<\/strong> Insurance<br><strong>Issue Size:<\/strong> \u20b91250 Cr<br><strong>IPO Dates:<\/strong> April 2025<br><strong>Lot Size:<\/strong> TBD<\/p>\n\n\n\n<p><strong>Overview:<\/strong><br>Backed by cricketer Virat Kohli and Fairfax, Go Digit is a tech-driven general insurance company offering flexible motor, health, and travel insurance.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udcc8 Grey Market Premium (GMP) \u2013 Latest Unofficial Prices<\/h3>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>Disclaimer: GMPs are unofficial and change frequently. Always cross-check before applying.<\/em><\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-foreground-alt-background-color has-text-color has-background has-link-color has-fixed-layout\" style=\"color:#2117b6\"><thead><tr><th>Company Name<\/th><th>Expected GMP (\u20b9)<\/th><th>Estimated Listing Gain (%)<\/th><\/tr><\/thead><tbody><tr><td>Allied Blenders<\/td><td>\u20b925\u2013\u20b930<\/td><td>15\u201320%<\/td><\/tr><tr><td>EbixCash<\/td><td>\u20b940\u2013\u20b950<\/td><td>10\u201312%<\/td><\/tr><tr><td>FirstCry<\/td><td>\u20b960\u2013\u20b970<\/td><td>18\u201322%<\/td><\/tr><tr><td>Ola Electric<\/td><td>\u20b920\u2013\u20b925<\/td><td>8\u201310%<\/td><\/tr><tr><td>Go Digit Insurance<\/td><td>\u20b915\u2013\u20b918<\/td><td>6\u20139%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>These figures are based on current grey market trends sourced from IPO watchers and financial forums. Keep in mind that GMP can change rapidly depending on demand, market sentiment, and company financials.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udde0 Analyst Opinions and Risk Factors<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 Allied Blenders<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bullish View:<\/strong> Strong rural and Tier 2-3 city demand for Officer\u2019s Choice<\/li>\n\n\n\n<li><strong>Bearish View:<\/strong> Highly regulated alcohol market, low margins<\/li>\n<\/ul>\n\n\n\n<p><strong>Expert Verdict:<\/strong> May perform well on listing but long-term performance depends on volume growth and premium product penetration.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 EbixCash<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bullish View:<\/strong> Solid revenue model and multiple business segments<\/li>\n\n\n\n<li><strong>Bearish View:<\/strong> Complexity in operations, legal issues in parent company (Ebix Inc.)<\/li>\n<\/ul>\n\n\n\n<p><strong>Expert Verdict:<\/strong> High-risk, high-reward play. Institutional interest expected.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 FirstCry<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bullish View:<\/strong> Monopoly in baby-care niche, backed by global investors<\/li>\n\n\n\n<li><strong>Bearish View:<\/strong> Weak financials and dependency on discounts<\/li>\n<\/ul>\n\n\n\n<p><strong>Expert Verdict:<\/strong> Good listing potential due to brand awareness, but long-term investors should wait for profitability.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 Ola Electric<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bullish View:<\/strong> EV industry is booming, Ola brand recall is strong<\/li>\n\n\n\n<li><strong>Bearish View:<\/strong> Execution issues, product quality complaints<\/li>\n<\/ul>\n\n\n\n<p><strong>Expert Verdict:<\/strong> Mixed reviews. Volatile listing expected. Only for high-risk investors.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 Go Digit<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bullish View:<\/strong> Digital-first insurance model with tech integration<\/li>\n\n\n\n<li><strong>Bearish View:<\/strong> Cutthroat competition from Acko, Policybazaar, etc.<\/li>\n<\/ul>\n\n\n\n<p><strong>Expert Verdict:<\/strong> Conservative investors may consider for medium-term.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udcca Listing Predictions \u2013 What to Expect<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-foreground-alt-background-color has-text-color has-background has-link-color has-fixed-layout\" style=\"color:#2117b6\"><thead><tr><th>Company<\/th><th>Expected Listing Price (\u20b9)<\/th><th>Potential Volatility<\/th><th>Ideal Investor Profile<\/th><\/tr><\/thead><tbody><tr><td>Allied Blenders<\/td><td>\u20b9325\u2013\u20b9340<\/td><td>Moderate<\/td><td>Long-term value seekers<\/td><\/tr><tr><td>EbixCash<\/td><td>\u20b9205\u2013\u20b9215<\/td><td>High<\/td><td>Risk-tolerant investors<\/td><\/tr><tr><td>FirstCry<\/td><td>\u20b9430\u2013\u20b9450<\/td><td>High<\/td><td>Momentum-based investors<\/td><\/tr><tr><td>Ola Electric<\/td><td>\u20b9305\u2013\u20b9315<\/td><td>Very High<\/td><td>Speculative traders<\/td><\/tr><tr><td>Go Digit<\/td><td>\u20b9270\u2013\u20b9280<\/td><td>Low\u2013Moderate<\/td><td>Conservative retail investors<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Note:<\/strong> Listing price is speculative and may vary based on subscription levels and market sentiment.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83e\uddfe How to Decide Which IPO to Apply?<\/h3>\n\n\n\n<p>Here are some quick filters investors can use before applying:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2705 <strong>Look at DRHP &amp; RHP<\/strong> on <a href=\"https:\/\/www.sebi.gov.in\/\">SEBI website<\/a> or <a href=\"https:\/\/www.nseindia.com\/\">NSE India<\/a><\/li>\n\n\n\n<li>\u2705 Understand if the IPO is <strong>pure OFS (exit of promoters)<\/strong> or includes a <strong>fresh issue (for growth)<\/strong><\/li>\n\n\n\n<li>\u2705 Check the <strong>anchor investor list<\/strong> \u2013 presence of marquee names is a good sign<\/li>\n\n\n\n<li>\u2705 Analyze <strong>GMP<\/strong>, but don\u2019t rely solely on it<\/li>\n\n\n\n<li>\u2705 Watch subscription updates (QIB, NII, Retail) on <a href=\"https:\/\/www.nseindia.com\/market-data\/ipo-watch\">NSE IPO Watch<\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 Conclusion<\/h3>\n\n\n\n<p>April 2025 is offering a rich mix of IPOs \u2013 from legacy alcohol brands like ABD to high-tech companies like Ola Electric and EbixCash. Each IPO has a unique risk-reward ratio, and it\u2019s crucial for retail investors to read offer documents, consult with their financial advisor, and not blindly follow grey market premiums.<\/p>\n\n\n\n<p>IPO investing in India is maturing. While the opportunities are exciting, informed decision-making is key to success.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>5<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian IPO market has been buzzing with activity in FY2024-25, and April 2025 is shaping up to be no different. With companies across sectors lining up to raise capital and get listed on the NSE and BSE, investors have a variety of opportunities to explore. This article provides a detailed overview of the upcoming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":653,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[55],"tags":[],"class_list":["post-1632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading"],"aioseo_notices":[],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7-150x150.webp","medium":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7-300x300.webp","medium_large":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7-768x768.webp","large":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp","1536x1536":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp","2048x2048":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp","mailpoet_newsletter_max":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp","woocommerce_thumbnail":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp","woocommerce_single":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp","woocommerce_gallery_thumbnail":"https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp"},"magazineBlocksPostAuthor":{"name":"Financyte","avatar":"https:\/\/secure.gravatar.com\/avatar\/255fec25678507d1d65ddec76d4a528ef0e50d05d0d232156e0e9af43c883ad0?s=96&d=blank&r=g"},"magazineBlocksPostCommentsNumber":false,"magazineBlocksPostExcerpt":"The Indian IPO market has been buzzing with activity in FY2024-25, and April 2025 is shaping up to be no different. With companies across sectors lining up to raise capital and get listed on the NSE and BSE, investors have a variety of opportunities to explore. This article provides a detailed overview of the upcoming [&hellip;]","magazineBlocksPostCategories":["Trading"],"magazineBlocksPostViewCount":41,"magazineBlocksPostReadTime":5,"magazine_blocks_featured_image_url":{"full":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",1024,1024,false],"medium":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7-300x300.webp",300,300,true],"thumbnail":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7-150x150.webp",150,150,true]},"magazine_blocks_author":{"display_name":"Financyte","author_link":"https:\/\/financyte.com\/index.php\/author\/businesscytegmail-com\/"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/255fec25678507d1d65ddec76d4a528ef0e50d05d0d232156e0e9af43c883ad0?s=96&d=blank&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-55\">Trading<\/a>","uagb_featured_image_src":{"full":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",1024,1024,false],"thumbnail":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7-150x150.webp",150,150,true],"medium":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7-300x300.webp",300,300,true],"medium_large":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7-768x768.webp",768,768,true],"large":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",1024,1024,false],"1536x1536":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",1024,1024,false],"2048x2048":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",1024,1024,false],"mailpoet_newsletter_max":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",1024,1024,false],"woocommerce_thumbnail":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",300,300,false],"woocommerce_single":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",600,600,false],"woocommerce_gallery_thumbnail":["https:\/\/financyte.com\/wp-content\/uploads\/2024\/11\/c9c78a14-b731-4291-8d8e-4de2d4c8d1b7.webp",100,100,false]},"uagb_author_info":{"display_name":"Financyte","author_link":"https:\/\/financyte.com\/index.php\/author\/businesscytegmail-com\/"},"uagb_comment_info":0,"uagb_excerpt":"The Indian IPO market has been buzzing with activity in FY2024-25, and April 2025 is shaping up to be no different. With companies across sectors lining up to raise capital and get listed on the NSE and BSE, investors have a variety of opportunities to explore. 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