The Indian IPO market in August 2025 saw a mix of blockbuster listings and modest debuts across infrastructure, financial services, engineering, real estate, gold jewellery, and technology.
Highway Infrastructure IPO had an impressive listing with gains of 67%, while Aditya Infotech IPO made a bumper debut with gains of 50%.
Here’s a detailed look at each company’s performance, objectives, and investor response.
Making its debut on August 12, 2025, Highway Infrastructure Ltd impressed with a 67% listing gain and, by the afternoon session of August 13, extended its gains to trade at ₹126.78 — a 77.50% jump from its issue price of ₹70.
The ₹130 crore issue combined fresh equity worth ₹97.52 crore with an OFS of ₹32.48 crore. Funds are earmarked for working capital and corporate purposes, and the IPO drew remarkable demand with 316.64 times subscription.
Incorporated in 1995, the company engages in tollway collection, EPC projects, and real estate, with expertise in highways and bridges.
NSDL’s August 6, 2025, saw a listing gain of 10%, and the stock is trading at ₹1,208.90 by August 13, up 51.11% from its issue price of ₹800.
This ₹4,010.95 crore offer was purely an OFS aimed at reaping the benefits of listing on the BSE. With 441.02 times oversubscription, the demand was one of the highest this month.
Established in 2012, NSDL is a SEBI-recognised Market Infrastructure Institution offering depository services, asset servicing, and solutions like e-voting and consolidated account statements.
On August 6, 2025, M&B Engineering Ltd. did not see any major fireworks on the listing day. Fast forward to August 13, M&B Engineering share price was trading at ₹441.85 — a 14.77% rise from the issue price of ₹385. The ₹650 crore IPO (fresh issue ₹275.12 crore, OFS ₹374.88 crore) will fund machinery purchases, solar rooftop projects, IT upgrades, debt repayment, and corporate needs.
Subscribed 38.11 times, the offering drew decent interest. The company, incorporated in 1981, is a manufacturer of pre-engineered buildings and self-supported roofing solutions.
Sri Lotus Developers marked its debut on the bourses on August 6, 2025, with a 19% listing gain. By August 13, Sri Lotus Developers & Realty's share price was trading at ₹196.60, reflecting a 31.07% rise from the issue price of ₹150.
The ₹792.21 crore fresh issue will support investments in subsidiaries for project construction and corporate purposes. Investors subscribed 74.10 times. Since its incorporation in 2015, the company has focused on high-end residential and commercial redevelopment projects in Mumbai’s western suburbs.
Listed on August 5, 2025, Aditya Infotech IPO gave a strong 50% listing gain, and by August 13, Aditya Infotech stock price was trading at ₹1,061.55 — up 57.27% from its ₹675 issue price.
The ₹1,300.59 crore IPO (fresh issue ₹500.59 crore, OFS ₹800 crore) will fund debt repayment and corporate needs. The issue attracted 106.23 subscriptions.
The company, known for its ‘CP Plus’ brand, manufactures and markets video security and surveillance products.
Laxmi India Finance IPO was listed on August 5, 2025. The IPO was listed with a 13% discount. As of August 13, Laxmi India Finance stock price was trading at ₹149.24 down by 5.54% from the ₹158 issue price.
The ₹254.26 crore IPO combined a fresh issue of ₹165.17 crore with an OFS of ₹89.09 crore. Funds are planned for augmenting the capital base for lending operations. Subscription was modest at 1.86 times. Established in 1996, the company operates as a Non-Banking Financial Company (NBFC).
Shanti Gold International Ltd., listed on August 1, 2025, enjoyed a 14% listing gain. By August 13, its share price was trading at ₹247.29, marking a 24.27% rise from the issue price of ₹199.
The ₹360.11 crore IPO, entirely a fresh issue, will be used for setting up a Jaipur facility, meeting working capital needs, and repaying loans. Subscribed 80.78 times, the issue saw healthy demand. Founded in 2003, the company manufactures 22kt CZ casting gold jewellery.
Following a vibrant first half of the month, several notable IPOs are set to open and list before August ends. Here’s is the list of upcoming IPOs in August 2025
JSW Cement Ltd. (raising ₹3,600 crore at ₹147) and All Time Plastics Ltd. (raising ₹400.7 crore at ₹275), both will list on August 14, with JSW Cement funding a new Rajasthan unit and debt repayment, while All Time Plastics focuses on machinery purchases and debt reduction.
Patel Retail Ltd, opening August 19 and listing on August 26, aims to raise ₹242.76 crore at a price band of ₹237-₹255. The supermarket chain, active in tier-III cities, will use the proceeds to repay borrowings and fund working capital needs.
Vikram Solar Ltd, also hitting the market from August 19 with a ₹2,079.37 crore issue at ₹315–332, plans to channel funds into Phase-I and Phase-II solar module manufacturing projects.
Gem Aromatics Ltd will offer shares in the same window of August 19 to 21, targeting ₹451.25 crore at ₹309–325, with proceeds earmarked for debt repayment by the company and its subsidiary Krystal Ingredients.
Shipping player Shreeji Shipping Global Ltd seeks ₹410.71 crore at ₹240–252, aiming to acquire Supramax dry bulk carriers and pare debt, with listing set for August 26.
Among earlier-in-the-month issues, Regaal Resources Ltd will close on August 14 and list on August 20, raising ₹306 crore at a fixed price of ₹102 for debt repayment in its maize speciality business.
Luxury brand BlueStone Jewellery & Lifestyle Ltd. is set for an August 19 listing after raising up to ₹1,540.65 crore at ₹492–517 to support working capital for its nationwide jewellery retail network.
Disclaimer: The article is for informational purposes only and not an investment advice.
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