August 2025 IPO Preview: Big Listings from JSW Cement, NSDL, Knowledge Realty & SME Stars

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: 5–7 August 2025
  
  

• Price Band: ₹65–₹70
  
  

• 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: 1–5 August 2025
  
  

• Price Band: ₹210–₹225
  
  

• Issue Size: ₹95.70–₹102.53 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: 4–6 August 2025
  
  

• Price Band: ₹62–₹66
  
  

• Size: ₹33.29–₹35.44 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: 4–6 August 2025
  
  

• Price Band: ₹160–₹170
  
  

• Size: ₹46.8–₹49.7 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: 4–6 August 2025
  
  

• Price Band: ₹110–₹116
  
  

• Size: ₹42.77–₹45.10 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:

These smaller companies span logistics, textiles, packaging, and industrial goods—each 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 month’s in India’s 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 India’s 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 12–15 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.