After a slow start to 2025, the primary market is finally picking up pace. Many companies had delayed their IPOs due to weak market conditions, but July has seen renewed activity.
This week, five mainboard IPOs open for subscription: NSDL (National Securities Depository), M&B Engineering, Sri Lotus Developers & Realty, Aditya Infotech, and Laxmi India Finance.
Together, they aim to raise Rs 7,007.86 crore. Meanwhile, IPOs of Shanti Gold International and Brigade Hotel Ventures are still open as of July 28.
Let’s look at the price bands, minimum investments, and key dates for these IPOs.
Laxmi India Finance IPO
Plans to raise Rs 254.26 crore via fresh issue and offer for sale.
Fresh issue: 1.05 crore shares worth Rs 165.17 crore.
Offer for sale: 0.56 crore shares worth Rs 89.09 crore.
Subscription: July 29 to July 31.
Allotment: August 1; Listing: August 5 on BSE & NSE.
Price band: Rs 150–158 per share.
Lot size: 94 shares; Minimum retail investment: Rs 14,100.
sNII lot size: 1,316 shares (14 lots), Rs 2,07,928.
bNII lot size: 6,392 shares (68 lots), Rs 10,09,936.
Lead manager: PL Capital Markets; Registrar: MUFG Intime India (Link Intime).
Aditya Infotech IPO
Target: Rs 1,300 crore (fresh issue of 0.74 crore shares worth Rs 500 crore, offer for sale of 1.19 crore shares worth Rs 800 crore).
Subscription: July 29 to July 31.
Allotment: August 1; Listing: August 5.
Price band: Rs 640–675 per share.
Lot size: 22 shares; Minimum retail investment: Rs 14,080.
sNII lot size: 308 shares (14 lots), Rs 2,07,900.
bNII lot size: 1,496 shares (68 lots), Rs 10,09,800.
Lead manager: ICICI Securities; Registrar: MUFG Intime India (Link Intime).
Sri Lotus Developers IPO
Fresh issue only, worth Rs 792 crore (5.28 crore new shares).
Subscription: July 30 to August 1.
Allotment: August 4; Listing: August 6 on BSE & NSE.
Price band: Rs 140–150 per share.
Lot size: 100 shares; Minimum retail investment: Rs 14,000.
sNII lot size: 1,400 shares (14 lots), Rs 2,10,000.
bNII lot size: 6,700 shares (67 lots), Rs 10,05,000.
Lead manager: Motilal Oswal Investment Advisors; Registrar: Kfin Technologies.
M&B Engineering IPO
Plans to raise Rs 650 crore (fresh issue of 0.71 crore shares worth Rs 275 crore, offer for sale of 0.97 crore shares worth Rs 375 crore).
Subscription: July 30 to August 1.
Allotment: August 4; Listing: August 6.
Price band: Rs 366–385 per share.
Lot size: 38 shares; Minimum retail investment: Rs 13,908.
sNII lot size: 532 shares (14 lots), Rs 2,04,820.
bNII lot size: 2,622 shares (69 lots), Rs 10,09,470.
Lead manager: Equirus Capital; Registrar: MUFG Intime India (Link Intime).
NSDL IPO
Raising Rs 4,011.60 crore through full offer for sale of 5.01 crore shares.
Subscription: July 30 to August 1.
Allotment: August 4; Listing on BSE likely August 6.
Price band: Rs 760–800 per share.
Lot size: 18 shares; Minimum retail investment: Rs 13,680.
sNII lot size: 252 shares (14 lots), Rs 2,01,600.
bNII lot size: 1,260 shares (70 lots), Rs 10,08,000.
Lead manager: ICICI Securities; Registrar: MUFG Intime India (Link Intime).
With more IPOs in the pipeline and signs of recovery in the secondary market, investors can expect more listings soon.
July has already been busier than the first half of 2025, and this momentum may continue if the market stays stable.
