Explore the latest top IPOs in India for 2025, including GACM, Growington Ventures, Lloyds Engineering, and more. Rights issues are gaining investor traction.
Top IPOs in India 2025: Rights Issues and FPOs Dominate Market Buzz
Mumbai, May 30, 2025 — The Indian equity market continues to buzz with a flurry of Initial Public Offerings (IPOs), Rights Issues (RIs), and Follow-on Public Offers (FPOs) as companies seek capital to support expansion, debt reduction, and strategic investments. Here’s a curated look at some of the most active and noteworthy offerings currently live or upcoming on the BSE.
1. GACM Technologies Ltd-DVR – Affordable Entry for Retail Investors
- Type: Rights Issue
- Issue Period: May 6 – June 2, 2025
- Offer Price: ₹1 per share
- Issue Size: ₹7.35 crore
- Ratio: 51:82
With an entry-level offer price of just ₹1 per share, GACM’s DVR rights issue provides an accessible investment avenue, especially for retail participants. The offer is structured on a 51-for-82 ratio, targeting existing shareholders on record as of April 28, 2025.
2. Growington Ventures India Ltd – Massive ₹481 Cr Rights Issue
- Type: Rights Issue
- Issue Period: May 14 – June 12, 2025
- Offer Price: ₹1 per share
- Issue Size: ₹481.6 crore
- Ratio: 3:1
Growington’s substantial issue size has caught the eye of institutional and high-net-worth investors alike. With an offer price again set at ₹1 per share, the 3-for-1 ratio makes it a compelling value proposition.
3. Lloyds Engineering Works Ltd – Premium Rights Issue with Strong Bids
- Type: Rights Issue
- Issue Period: May 15 – May 30, 2025
- Offer Price: ₹32 per share (₹16 payable on application)
- Issue Size: ₹987 crore
- Ratio: 9:34
Lloyds Engineering is targeting seasoned investors with a partly paid issue. As of May 30, BSE reported cumulative ASBA bids of over 44 crore shares, indicating solid market appetite.
4. White Hall Commercial Co. Ltd – Takeover Offer Live
- Type: Offer to Buy (Takeover)
- Issue Period: May 19 – May 30, 2025
- Offer Price: ₹1 per share
- Max Offer Qty: 64,740 shares
Though relatively small in volume, this open offer marks strategic acquisition interest from Rightful Consultancy Services LLP, offering a clean exit to minority shareholders.
5. Indra Industries Ltd – Strong Mid-Cap Rights Offering
- Type: Rights Issue
- Issue Period: May 23 – June 6, 2025
- Offer Price: ₹10
- Issue Size: ₹48.5 crore
- Ratio: 15:2
Indra Industries is offering aggressive expansion potential. The 15-for-2 rights issue structure stands out as one of the highest ratios in this cycle.
6. Trans India House Impex Ltd – Attractively Priced Rights Equity
- Type: Rights Issue
- Issue Period: May 27 – June 17, 2025
- Offer Price: ₹13.90
- Issue Size: ₹49.38 crore
- Ratio: 1:1
With a 1:1 rights offer, Trans India House Impex aims to strengthen its capital base while keeping investor dilution low.
7. Scoda Tubes Ltd – Premium FPO Closes Today
- Type: FPO
- Issue Period: May 28 – May 30, 2025
- Price Band: ₹130–₹140
- Market Lot: 100 shares
Scoda Tubes’ FPO is positioned in the premium category, indicating confidence in its industrial pipe manufacturing business. Allotment and listing are expected to follow shortly.
8. Kashyap Tele-Medicines Ltd – Takeover with High Potential Upside
- Type: Offer to Buy
- Issue Period: May 29 – June 11, 2025
- Offer Price: ₹1.50
- LTP: ₹9.24
This open offer presents a strategic acquisition opportunity with a low entry point and visible price appreciation.
9. 3B Films Limited – Fresh FPO on the Radar
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- Type: FPO
- Issue Period: May 30 – June 3, 2025
- Offer Price: ₹50
- Issue Size: 67.5 lakh shares
With a premium of ₹40 per share, 3B Films is looking to raise funds for capacity enhancement and working capital.
10. Mahindra Lifespace Developers Ltd – Major ₹1496 Cr Issue Forthcoming
- Type: Rights Issue
- Issue Period: June 2 – June 17, 2025
- Offer Price: ₹257
- Ratio: 3:8
This upcoming rights issue by a marquee real estate player is anticipated to draw significant institutional interest.
Final Thoughts
The current wave of Rights Issues, FPOs, and Takeovers reflects a maturing capital market ecosystem in India. Whether you’re a retail investor seeking low-entry IPOs or an institution scouting large-volume rights issues, this cycle offers something for every portfolio strategy.
