In Short
- Primary market gains momentum after slow start in 2025
- Five IPOs opening this week to raise Rs 7,007.86 crore
- NSDL plans to raise Rs 4,011.60 crore, biggest IPO this week
After a slow start to the year, the primary market seems to have finally picked up pace. Several companies had postponed their IPOs earlier due to weak market conditions, but July has seen a clear revival in activity.
This week, five mainboard IPOs are opening for bidding: NSDL (National Securities Depository), M&B Engineering, Sri Lotus Developers & Realty, Aditya Infotech, and Laxmi India Finance. Together, they plan to raise a total of Rs 7,007.86 crore. In addition, IPOs of Shanti Gold International and Brigade Hotel Ventures remain open as of July 28.
Let’s have a look at the price band, minimum investment across categories, and important dates for these IPOs.
LAXMI INDIA FINANCE IPO
Laxmi India Finance aims to raise Rs 254.26 crore through a mix of fresh issue and offer for sale. It includes a fresh issue of 1.05 crore shares worth Rs 165.17 crore and an offer for sale of 0.56 crore shares worth Rs 89.09 crore.
The IPO will open for subscription on July 29 and close on July 31. The allotment is expected on August 1, and the shares are likely to list on August 5 on both BSE and NSE.
The price band is Rs 150–158 per share, with a lot size of 94 shares. The minimum investment for retail investors is Rs 14,100. For small non-institutional investors (sNII), the lot size is 1,316 shares (14 lots) worth Rs 2,07,928. For big non-institutional investors (bNII), the lot size is 6,392 shares (68 lots) worth Rs 10,09,936.
PL Capital Markets is the lead manager and MUFG Intime India (Link Intime) is the registrar.
ADITYA INFOTECH IPO
Aditya Infotech plans to raise Rs 1,300 crore, including a fresh issue of 0.74 crore shares worth Rs 500 crore and an offer for sale of 1.19 crore shares worth Rs 800 crore.
The IPO opens on July 29 and closes on July 31. Allotment is expected on August 1 and the listing on August 5.
The price band is Rs 640–675 per share. The lot size is 22 shares, requiring a minimum investment of Rs 14,080. For sNII, the lot size is 308 shares (14 lots) worth Rs 2,07,900. For bNII, it is 1,496 shares (68 lots) worth Rs 10,09,800.
ICICI Securities is the lead manager, and MUFG Intime India (Link Intime) is the registrar.
SRI LOTUS DEVELOPERS IPO
Sri Lotus Developers is launching an entirely fresh issue worth Rs 792 crore, with 5.28 crore new shares.
The IPO will open on July 30 and close on August 1. Allotment is expected on August 4 and the shares will likely list on August 6 on BSE and NSE.
The price band is Rs 140–150 per share. The lot size is 100 shares, requiring a minimum investment of Rs 14,000. For sNII, the lot size is 1,400 shares (14 lots) worth Rs 2,10,000. For bNII, it is 6,700 shares (67 lots) worth Rs 10,05,000.
Motilal Oswal Investment Advisors is the lead manager and Kfin Technologies is the registrar.
M&B ENGINEERING IPO
M&B Engineering will raise Rs 650 crore, including a fresh issue of 0.71 crore shares worth Rs 275 crore and an offer for sale of 0.97 crore shares worth Rs 375 crore.
The IPO opens on July 30 and closes on August 1. Allotment will be finalised on August 4, and listing is expected on August 6.
The price band is Rs 366–385 per share. The lot size is 38 shares, with a minimum investment of Rs 13,908. For sNII, the lot size is 532 shares (14 lots) worth Rs 2,04,820. For bNII, it is 2,622 shares (69 lots) worth Rs 10,09,470.
Equirus Capital is the lead manager and MUFG Intime India (Link Intime) is the registrar.
NSDL IPO
NSDL plans to raise Rs 4,011.60 crore through a full offer for sale of 5.01 crore shares.
The IPO opens on July 30 and closes on August 1. Allotment is expected on August 4 and the listing on BSE is likely to happen on August 6.
The price band is Rs 760–800 per share. The lot size is 18 shares, and the minimum investment for retail investors is Rs 13,680. For sNII, the lot size is 252 shares (14 lots) worth Rs 2,01,600. For bNII, it is 1,260 shares (70 lots) worth Rs 10,08,000.
ICICI Securities is the lead manager and MUFG Intime India (Link Intime) is the registrar.
With more IPOs lined up and the secondary market showing signs of recovery, investors may see more listings in the coming months. July has already brought more activity than the first half of 2025, and this trend may continue if market conditions remain stable.
