5 IPO-Ready Indian Startups in 2025

OfBusiness- A B2B commerce platform offering raw materials and financial services, aiming to raise up to $1 billion in its IPO

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PhonePe- A leading digital payments platform with over 590 million registered users, preparing for a public listing on Indian stock exchanges

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boAt- An Indian wearable and audio company planning a ₹2,000 crore IPO in FY24, with Goldman Sachs, Nomura, and ICICI Securities as lead managers

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Zepto- A quick-commerce platform aiming to raise between ₹7,000 and ₹8,800 crore through its IPO in 2025, with plans to file its DRHP by April 2025

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Ather Energy- An electric two-wheeler manufacturer specializing in battery packs and charging infrastructure, expected to launch its IPO next month after receiving SEBI approval in December 2024

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