Indias IPO market is poised for another exciting month, with August 2025 IPO listings spanning a diverse mix of sectorsfrom cement and real estate to NBFCs, aviation, defence, and SMEs. The momentum built in the first half of 2025where over 54,000 crore was raised across 32 IPOsis set to continue with big-ticket names like JSW Cement, NSDL, Knowledge Realty Trust REIT, and Hero FinCorp leading the charge.
In this in-depth preview, we look at the most anticipated mainboard IPOs, niche SME offerings, and companies that could dominate investor interest through August 2025. Whether youre a retail investor, institutional participant, or simply following Indias capital market growth story, this blog has everything you need to know.
IPO Market Recap: JanJuly 2025
Before diving into whats ahead, heres a quick snapshot of IPO performance so far:
Metric | Value |
Total IPOs Listed | 32 |
Funds Raised | 54,393 crore |
IPOs with Positive Listing Gains | 25 |
IPOs Below Issue Price | 7 |
Average Listing Gain | ~19% |
Largest IPO (YTD) | HDB Financial Services (12,500 crore) |
Smallest IPO (YTD) | Globe Civil Projects (119 crore) |
With sentiment buoyed by stable macros, high liquidity, and domestic participation, August 2025 IPO action is expected to keep the primary market hot.
Mainboard IPOs to Watch in August 2025
1. JSW Cement IPO
Issue Period: 1113 August 2025 (Tentative)
Price Band: 100200
Size: 4,000 crore (2,000 crore fresh + 2,000 crore OFS)
Listing: NSE & BSE
JSW Cement, a company in the Sajjan Jindal owned JSW Group, plans to use the yield of this IPO to fund an expansion. First, they plan to fund a new facility in Rajasthan, as well as pay down debt. The company has a grinding capacity in cement of 20.60MTPA, and plans to double this by FY27.
Key Financials (FY24):
Revenue: 6,028 crore
EBITDA Margin: 16.94%
Net Profit: 62 crore
JSWs aggressive growth roadmap and exposure to Indias infrastructure boom make it a top pick among August 2025 IPO investors.
2. NSDL (National Securities Depository Limited)
Issue Period: 30 July1 August 2025
Price Band: 760800
Size: 4,011.6 crore
Listing Date: Early August (likely 5 August)
One of the two central depositories in India, NSDL plays a crucial role in digitized securities management. This IPO is pure OFS, enabling existing shareholders like IDBI and NSE to partially exit.
Why It Matters:
Over 3.3 crore demat accounts under NSDL
A key infrastructure pillar in Indias capital markets
Monetisation of public tech infrastructure theme
This listing is expected to be strongly backed by both retail and institutional investors.
3. Knowledge Realty Trust REIT
Issue Period: 57 August 2025
Price Band: 95100
Size: 4,800 crore
Listing: NSE
Indias REIT market is maturing fast. Knowledge Realty Trust is among the new entrants, offering exposure to Grade-A commercial office spaces in Bengaluru, Hyderabad, and Pune.
Portfolio Snapshot:
Total Area: 14.6 million sq. ft.
Leased to top IT/ITES firms
Net Operating Income (FY25): 821 crore
REITs offer stable yield opportunities and are popular with income-seeking investors. This issue adds further diversity to the August 2025 IPO calendar.
4. Hero FinCorp IPO
Issue Size: 3,668 crore
Fresh Issue: 2,100 crore | OFS: 1,568 crore
Listing: NSE & BSE
Hero FinCorp is a leading NBFC for retail, MSME and commercial borrowers with a heading AUM of 51,820 crore as at March 2024. In FY25 as net income fell to 109.95 crore, Hero FinCorp's distribution and tech-enabled underwriting capabilities should serve it well ahead of long-term investors.
IPO Objective: Strengthen Tier-I capital base to support credit expansion.
5. Highway Infrastructure
Issue Period: 57 August 2025
Price Band: 6570
Issue Size: 130 crore
Listing: NSE & BSE
This EPC and toll management company brings infrastructure exposure to retail portfolios.
Key Metrics:
Order Book (May 2025): 666 crore
FY25 Revenue: 495.7 crore
Net Margin: 4.52%
Lot Size: 211 shares (~14,770 investment)
6. SMPP IPO
Sector: Defence Manufacturing
Issue Size: 4,000 crore (580 crore fresh, 3,420 crore OFS)
SEBI Approval: January 2025
SMPP specializes in ballistic gear, body armor, and vehicle armour plating systems. As demand from defense forces and police forces continues to grow with two domestic manufacturing plants, SMPP's IPO is likely to be a strategic move for sector focused investors.
SME & Niche IPOs in August 2025
Beyond the big-ticket names, several SME IPOs in August 2025 are drawing strong grey market buzz:
FlySBS Aviation
Issue Dates: 15 August 2025
Price Band: 210225
Issue Size: 95.70102.53 crore
Exchange: NSE Emerge
This Chennai-based charter airline has seen revenue surge from 34 crore (FY23) to 194 crore (FY25). Net profit for FY25 hit 28.41 crore with robust EBITDA margins.
Jyoti Global Plast
Dates: 46 August 2025
Price Band: 6266
Size: 33.2935.44 crore
Exchange: NSE Emerge
With a strong customer base in packaging, toys, and FRP drone parts, Jyoti Global Plast posted 93.48 crore revenue and 6.08 crore profit in FY25.
Parth Electricals
Dates: 46 August 2025
Price Band: 160170
Size: 46.849.7 crore
Exchange: NSE Emerge
Key partner of Schneider Electric and supplier to Tata Power, Parth doubled revenue to 174 crore in FY25. ROCE is 23.38%, and profit rose to 10.12 crore.
Aaradhya Disposal
Dates: 46 August 2025
Price Band: 110116
Size: 42.7745.10 crore
Exchange: NSE Emerge
Indore-based manufacturer of food-grade paper cups, greaseproof paper, and biodegradable packaging. EBITDA margin reached 15.69% in FY25, with net profit at 10.27 crore.
Other IPOs Listing or Closing in Early August
Several SME IPOs closing in late July are expected to list in early August:
IPO Name | Issue Period | Listing Date |
Umiya Mobile | 2830 July 2025 | 4 August 2025 |
Repono | 2830 July 2025 | 4 August 2025 |
Kaytex Fabrics | 2931 July 2025 | 5 August 2025 |
Shanti Gold Intl. | 2529 July 2025 | Early August |
Sellowrap Industries | 2529 July 2025 | Early August |
Shree Refrigerations | 2529 July 2025 | Early August |
These smaller companies span logistics, textiles, packaging, and industrial goodseach offering niche sector exposure with healthy financials.
What Investors Should Watch
Key Considerations:
GMP (Grey Market Premium): Stay updated via IPO tracking platforms for real-time sentiment.
Anchor Book Demand: High-quality anchor investor participation usually signals strength.
Subscription Trends: HNI and QIB interest can drive final oversubscription.
Sector Tailwinds: Cement, defence, REITs, and credit expansion are strong themes this month.
Valuation vs Peers: Check revenue multiples, ROE, and net margins before investing.
Pro Tip:
Always review the DRHP (Draft Red Herring Prospectus), company financials, and business models before applying. A well-informed investor is a protected investor.
Final Thoughts
The August 2025 IPO season is likely to be one of the most diverse months in Indias capital markets for this year. From the infrastructure play of JSW Cement to the lending engine of Hero FinCorp, from REIT income to defence innovation by SMPP, there is something for everyone.
Meanwhile, SME names like FlySBS Aviation, Parth Electricals, and Jyoti Global Plast add punch at the mid- and small-cap end.
As Indias economic growth story deepens, IPOs are becoming an increasingly attractive channel for wealth creation. Whether you're a cautious investor or a market opportunist, August 2025 offers a rich pipeline worth tracking closely.
FAQ: August 2025 IPO
Q1. What is the biggest IPO in August 2025?
A: The largest is JSW Cement at 4,000 crore, followed closely by Knowledge Realty REIT and NSDL.
Q2. Which SME IPOs are worth tracking?
A: FlySBS Aviation, Parth Electricals, and Jyoti Global Plast are seeing strong investor interest and growth potential.
Q3. How many IPOs are expected to list in August 2025?
A: At least 1215 listings, including mainboard and SME issues, are expected based on current SEBI approvals and DRHP filings.
Q4. Where can I check live GMP and allotment status?
A: Follow platforms like IPO Central, Chittorgarh, and your broker's IPO dashboard for real-time updates.
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