The Indian primary market is gearing up for a packed week as eight new IPOs worth over ₹3,700 crore and seven fresh listings are set to hit Dalal Street. Despite cautious secondary market sentiment, investors will have multiple opportunities across mainboard and SME segments.
India’s equity markets are preparing for heightened activity in the primary market as eight initial public offerings (IPOs) and seven listings are scheduled this week, beginning August 18, 2025. Collectively, these issues are expected to raise more than ₹3,700 crore, underscoring the growing appetite for equity fundraising despite consolidation in the secondary market.
Among the mainboard IPOs, five companies will lead fundraising efforts. Vikram Solar Ltd., headquartered in Kolkata and a leading manufacturer of solar energy solutions, is launching the largest issue of the week. The company aims to raise ₹2,079 crore, consisting of a fresh issue of ₹1,500 crore and an offer-for-sale (OFS) of 1.74 crore shares valued at ₹579 crore. The price band is set at ₹315–₹332 per share, and the issue will remain open from August 19 to August 21.
Shreeji Shipping Global Ltd., operating in logistics and shipping services, is also entering the market with an entirely fresh issue of 1.6 crore shares. The company plans to raise ₹410.7 crore, with a price band fixed at ₹240–₹252 per share.
In the retail sector, Patel Retail Ltd., a supermarket chain with a growing footprint, is eyeing a ₹243 crore IPO. The issue will include a fresh sale of 85.18 lakh shares alongside an OFS of 10.02 lakh shares, priced between ₹237–₹255 per share.
The specialty ingredients player, Gem Aromatics Ltd., known for producing essential oils, aroma chemicals, and derivatives, plans to raise ₹451 crore. This includes a fresh issue of ₹175 crore and an OFS of 85 lakh shares by promoters and investor doTERRA. Its price band is set at ₹309–₹325 per share.
Also Read: India Set for Busy IPO Week: Vikram Solar, Patel Retail, and Four Others to Hit Markets
Completing the mainboard action, Mangal Electrical Industries Ltd., engaged in transformer component manufacturing, will launch a fresh issue worth ₹400 crore starting August 20, with a price range of ₹533–₹561 per share.
The SME segment will also see three debut offerings:
- Studio LSD Ltd., a multimedia production house, plans to raise over ₹70 crore at a price band of ₹48–₹51 per share (opening August 18).
- LGT Business Connextions Ltd., a travel services aggregator, will open on August 19 with a fixed-price issue of ₹28.09 crore at ₹107 per share.
- Classic Electrodes (India) Ltd., a Kolkata-based welding consumables producer, aims to collect ₹41.5 crore via IPO with a price band of ₹82–₹87 per share (opening August 22).
Alongside these offerings, investors will also witness seven new listings this week. BlueStone Jewellery & Lifestyle Ltd. and Regaal Resources Ltd. will list on August 19 and August 20 respectively on the mainboard. Regaal Resources has already attracted strong subscription demand, with its IPO subscribed nearly 160 times.
In the SME space, Star Imaging & Path Lab Ltd., Medistep Healthcare Ltd., and ANB Metal Cast Ltd. will debut on August 18, while Icodex Publishing Solutions Ltd. and Mahendra Realtors & Infrastructure Ltd. will follow on August 19 and August 20, respectively.
This synchronized wave of public offerings highlights the resilience of the primary market and offers diversified investment opportunities across renewable energy, logistics, specialty manufacturing, retail, healthcare, and media.
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