April IPO Activity: IPO Analysis for 1st month of FY26

Published on: May 01, 2025

Understanding the IPO landscape is crucial for investors looking to make informed decisions, and having access to up-to-date data on upcoming IPOs is key. This data provides valuable insights into the companies which are filing their Draft Red Herring Prospectus (DRHP), the sectors they represent, and the merchant bankers backing them. By analyzing this information, investors can identify emerging opportunities, assess market trends, and make more strategic choices. With the right data, investors can stay ahead of the curve, ensuring they don’t miss out on best IPOs and can optimize their investment strategies for better returns.

In the month of April 2025, 13 companies have filed Draft Red Herring Prospectus (DRHP). The filings include 7 companies filed DRHP with BSE SME exchange and 6 with NSE Emerge of the SME platform of India. Additionally, 7 SME IPOs were listed in the month of April. 

3 companies have filed DRHPS on Mainboard platform in the month of April 2025. 

This data offers investors a valuable look at upcoming IPOs, helping them spot opportunities based on sectors, cities, and merchant bankers. Platforms like ipoplatform.com provide real-time updates, ensuring investors stay informed and ready to capitalize on the next big opportunity. With detailed IPO listings, sector insights, and expert advice, IPO Advisors make it easier for investors to make confident, data-driven decisions.

In April 2025, SEBI revised the eligibility criteria for the migration of companies from NSE Emerge to the NSE Mainboard in India. These revised norms will come into effect from May 1, 2025. The updated guidelines aim to streamline the migration process and ensure higher compliance standards. The table below highlights the key changes introduced in the eligibility criteria:

Key Highlights of the Month April

• 14 Companies have filed DRHP with Recognized Stock Exchanges such as;
  • 7 Companies have filed DRHPs with BSE SME exchange and,
  • 7 Companies have filed DRHPs with NSE Emerge.
• 3 Companies have DRHP (Mainboard) with SEBI.
• 7 SME IPO got listed in the month of April through NSE Emerge and BSE SME.
• IPOs to open in 1^st week of May;
  • Kenrik Industries Limited IPO
  • Arunaya Organics Limited IPO
  • Wagons Learning Limited IPO
  • Srigee DLM Limited IPO
  • Manoj Jewellers Limited IPO

List of Upcoming SME IPOs whose DRHPs are filed with BSE SME Exchange; 

List of Upcoming SME IPOs whose DRHPs are filed with NSE Emerge;

List of Upcoming Mainboard IPOs whose DRHPs are filed with SEBI;

Details of all Listed Companies in the month of April;

IPOs to be open in first week of May;

1. Kenrik Industries Limited IPO designs and distributes traditional Indian jewellery, offering a wide range of gold pieces studded with diamonds, rubies, and other stones. Its products, made on a job-work basis, include rings, necklaces, bangles, and wedding jewellery, crafted at its facility in Ahmedabad, Gujarat.
2. Arunaya Organics Limited IPO manufactures and exports specialty dyes and intermediates used in textiles, paints, plastics, mining, and food processing. It operates a production facility in Ahmedabad, Gujarat, with a capacity of around 30 metric tons annually.
3. Wagons Learning Limited IPO provides corporate training, digital learning, and skill development solutions through a B2B model. It offers corporate training, digital learning, and skill development services across various industries. It is NSDC-certified and has trained over 500,000 professionals.
4. Srigee DLM Limited IPO offers manufacturing and assembly services for industries like consumer durables, automotive, and electronics, serving leading OEMs with quality and cost-efficient solutions.
5. Manoj Jewellers Limited IPO is a retail company specializing in gold and diamond jewellery, including earrings, rings, necklaces, bracelets, and pendants. Known for quality and timely delivery, the company offers BIS hallmarked jewellery with competitive pricing and a wide range of regular designs.

What is the role of IPO Advisors in listing of an IPO?

IPO Advisors and IPO Consultants play a crucial role in guiding companies through the complex process of listing an Initial Public Offering (IPO). Their primary responsibility is to ensure that the company meets the IPO eligibility requirements set by regulatory authorities and stock exchanges such as BSE SME and NSE Emerge.

We, at ipoplatform.com guide companies through the listing process, helping them meet all necessary requirements and connecting them with the best Merchant Bankers to maximize their fundraising potential. With expert advisory, valuation strategies, and investor outreach, IPO Advisors help companies achieve a successful public listing and unlock growth opportunities in the capital markets.

These professionals work closely with Merchant Bankers to structure the IPO, prepare financial disclosures, and ensure compliance with regulatory norms. They assist in drafting the Draft Red Herring Prospectus (DRHP), coordinating with regulatory bodies like SEBI, and facilitating due diligence.

Conclusion: Unlocking Opportunities with IPO 2025

The IPO market in April 2025 has started with strong momentum, with 17 companies filing their DRHPs across BSE SME, NSE Emerge, and the Mainboard. With 7 SME IPOs successfully listed and several upcoming IPOs in May, investors have numerous opportunities to explore.

For companies looking to go public, IPO Advisors play a crucial role in streamlining the IPO listing process. From compliance with regulatory requirements to selecting the right Merchant Bankers, these experts ensure a smooth transition into the capital markets. Platforms like ipoplatform.com provide real-time updates, expert insights, and the necessary guidance to help companies and investors make informed decisions.

As we move further into SME IPO 2025, staying updated on upcoming IPOs and analyzing key financials can help investors capitalize on high-growth opportunities. With strategic planning and expert guidance, both businesses and investors can unlock the full potential of the IPO market in 2025.