August 2025 IPO Market: Aditya Infotech and NSDL Lead with Over 50% Returns
August 2025 saw a mix of high performers and underperformers in the IPO market. Aditya Infotech and NSDL led the pack with over 50% returns, while companies like Laxmi India Finance and Gem Aromatics struggled. Here’s a detailed look at the performance of these IPOs.
IpoStock MarketAditya InfotechNsdlReal EstateReal EstateAug 29, 2025
Here’s how IPOs listed in August 2025 are performing:
| Company Name | Listing date | Issue price (₹) | Return from issue price (%) | Listing day gain (%) |
|--------------|--------------|-----------------|-----------------------------|-----------------------|
| Shanti Gold International | Aug 1 | 199 | ▲ 11.9% | 15.2% |
| Aditya Infotech | Aug 5 | 675 | ▲ 85.2% | 60.3% |
| Laxmi India Finance | Aug 5 | 158 | ▼ 16.2% | -15.1% |
| NSDL IPO | Aug 6 | 800 | ▲ 56.0% | 17% |
| M&B Engineering | Aug 6 | 385 | ▲ 11.4% | 6.1% |
| Sri Lotus Developers | Aug 6 | 150 | ▲ 20.0% | 30.4% |
| Highway Infrastructure | Aug 12 | 70 | ▲ 34.4% | 72.5% |
| JSW Cement | Aug 14 | 147 | ▲ 0.8% | -0.6% |
| All Time Plastics | Aug 14 | 275 | ▲ 7.9% | 3.0% |
| BlueStone Jewellery | Aug 19 | 517 | ▲ 1.08% | 5.6% |
| Regaal Resources | Aug 20 | 102 | ▲ 13.3% | 29% |
| Vikram Solar | Aug 26 | 332 | ▲ 6.7% | 7.3% |
| Gem Aromatics | Aug 26 | 325 | ▼ 10.4% | -1.8% |
| Patel Retail | Aug 26 | 255 | ▲ 7.2% | 12.8% |
| Shreeji Shipping Global | Aug 26 | 252 | ▲ 0.4% | 1.2% |
Return as of August 28 closing
Aditya Infotech Ltd.
Aditya Infotech, with an issue size of ₹1300.59 crore, attracted strong investor interest and was oversubscribed 106.23 times. It emerged as a top-performing IPO in August, with a return exceeding 80% from the issue price. The posting listing gains were amplified with 16.3% YoY revenue growth for Q1FY26, double-digit growth (46% YoY) in net profit. Aditya Infotech is known for manufacturing video security and surveillance products under its flagship brand, CP Plus, and holds over 20% of India’s video surveillance market share.
National Securities Depository (NSDL)
NSDL, with an issue size of ₹4,010.9 crore, continued its strong post-IPO rally, rising by 56% from the issue price. This IPO witnessed substantial demand from investors, with oversubscription of more than 41 times. As India’s largest depository, NSDL provides services in securities dematerialisation, settlement, and custody, catering to investors, brokers, and intermediaries across the capital market. In Q1FY26, the company posted a net profit of ₹90 crore, marking a 15% YoY jump. As of March 31, 2025, it had AUM of ₹511 lakh crore and managed about 87-89% of the total value of dematerialised securities in India, highlighting its dominant position in the capital market.
Sri Lotus Developers & Realty
Sri Lotus Developers & Realty, with an issue size of ₹792.21 crore, saw exceptional investor interest, as the public issue was subscribed 69.14 times overall. The listing rode the wave of optimism surrounding mid-market real estate and rallied by 20% in a month. The company, a Mumbai-based ultra-luxury and luxury real estate developer focused on redevelopment in the western suburbs, operates through its Lotus-branded projects with a pipeline spanning both ongoing and upcoming developments. In Q1 FY26, it reported revenue from operations of ₹61.3 crore (down 49% YoY) and a profit after tax of ₹25.8 crore (down 35.8% YoY).
Highway Infrastructure
Highway Infrastructure, with an issue size of ₹130 crore, saw overwhelming investor interest as the public issue was subscribed over 300 times overall. The company specialises in EPC projects, toll-way collection, and real estate development. Its asset-light model has enabled above-industry EBITDA margins, and the IPO proceeds are earmarked for both project funding and working capital, setting the stage for further topline growth through FY26. It reported ₹817.83 crore in revenue from operations for Q1 FY26 (up 64% from ₹498.35 crore in Q1 FY25) and a PAT of ₹129.72 crore.
Regaal Resources
Regaal Resources IPO, an agro-processing company specialising in maize starch, speciality and food-grade starches, and starch derivatives serving diverse industries, raised ₹306 crore, which included a ₹209.9 crore fresh issue and a ₹96 crore offer-for-sale. It was subscribed to over 150 times, with strong demand from institutional investors and witnessed a 13.36% rise in return from the issue price. In FY25, RRL reported a sharp financial uptick with revenue rising 53% YoY.
Underperformers and Insights
Although August's IPOs saw some exceptional returns, some newly listed companies failed to deliver the expected returns. Laxmi India Finance was the biggest loser, dropping 16.28% below its offer price, driven by sectoral headwinds in the NBFC market. Gem Aromatics declined 10%, reflecting cyclical volatility in the chemicals sector, while JSW Cement showed flattish returns due to higher valuations. The August 2025 IPO market highlighted the significant opportunities that exist for high-quality, well-established companies with top performers, such as Aditya Infotech, NSDL, and Highway Infrastructure, which effectively captured investors’ sentiments.
Frequently Asked Questions
What is the performance of Aditya Infotech's IPO?
Aditya Infotech's IPO was a top performer, with a return exceeding 80% from the issue price. The company was oversubscribed 106.23 times and saw significant revenue and profit growth in Q1FY26.
How did NSDL perform in the IPO market?
NSDL's IPO saw a strong post-IPO rally, rising by 56% from the issue price. The IPO was oversubscribed more than 41 times and the company reported a 15% YoY jump in net profit in Q1FY26.
What is the market position of NSDL?
NSDL is India’s largest depository, managing about 87-89% of the total value of dematerialised securities in India. It provides services in securities dematerialisation, settlement, and custody.
Why did some IPOs underperform in August 2025?
Some IPOs underperformed due to sectoral headwinds and cyclical volatility. For example, Laxmi India Finance dropped 16.28% due to NBFC market challenges, and Gem Aromatics declined 10% due to volatility in the chemicals sector.
What is the focus of Sri Lotus Developers & Realty?
Sri Lotus Developers & Realty is a Mumbai-based ultra-luxury and luxury real estate developer focused on redevelopment in the western suburbs. The company operates through Lotus-branded projects and saw a 20% rally in a month after its IPO listing.
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