IPOs Scheduled for August 18-23, 2025: Key Dates, Price Bands & Listings

The primary market is gearing up for a busy week starting August 18, 2025, with five mainboard IPOs and three SME IPOs among the much-awaited upcoming IPOs this week.

Along with these fresh issues, investors will also see several key stock listings, including Knowledge Realty Trust REIT, BlueStone Jewellery & Lifestyle, Regaal Resources, ANB Metal Cast, Star Imaging, Medistep Healthcare, Icodex Publishing Solutions, and Mahendra Realtors & Infrastructure.

Mainboard IPOs

Opening August 19-21, 2025

Shreeji Shipping Global IPO

• Dates: August 19-21, 2025
• Price Band: ₹240 to ₹252 per share
• Issue Size: ₹411 crores (100% fresh issue)
• Listing: August 26, 2025 (BSE, NSE)
• Use of Funds:
  • ₹251.18 crores for acquiring dry bulk carriers (Supramax category) in the secondary market to expand fleet capacity.
  • ₹23 crores for prepaying or repaying outstanding borrowings to reduce debt.
  • Remaining funds for general corporate purposes, including operational expenses.
• Why It’s Hot: A 10.3% grey market premium (GMP) signals investor buzz for this logistics leader, boosted by India’s ‘Atmanirbhar Bharat’ push.

Patel Retail IPO

• Dates: August 19-21, 2025
• Price Band: ₹237 to ₹255 per share
• Issue Size: ₹243 crores (fresh issue + OFS)
• Listing: August 26, 2025 (BSE, NSE)
• Use of Funds:
  • ₹100 crores for working capital to support retail operations expansion.
  • ₹50 crores for store network growth and modernization.
  • ₹30 crores for debt repayment to strengthen the balance sheet.
  • Balance for general corporate purposes, such as marketing and branding.
• Why It’s Hot: With a 13.7% GMP, Patel Retail rides the GST-driven consumption wave, making it a strong retail play.

Also Read :- Aditya Infotech IPO: A Record-Breaking Debut in 2025

Vikram Solar IPO

• Dates: August 19-21, 2025
• Price Band: ₹315 to ₹332 per share
• Issue Size: ₹2,079 crores (fresh issue + OFS)
• Listing: August 26, 2025 (BSE, NSE)
• Use of Funds:
  • ₹1,200 crores for expanding solar module manufacturing capacity.
  • ₹400 crores for research and development in renewable energy tech.
  • ₹200 crores for debt reduction to improve financial health.
  • Remaining funds for general corporate purposes, including marketing and infrastructure.
• Why It’s Hot: A 19% GMP and India’s renewable energy focus make this solar giant a top pick.

Gem Aromatics IPO

• Dates: August 19-21, 2025
• Price Band: ₹309 to ₹325 per share
• Issue Size: ₹451 crores (fresh issue + OFS)
• Listing: August 26, 2025 (BSE, NSE)
• Use of Funds:
  • ₹250 crores for expanding production facilities for aromatic compounds.
  • ₹100 crores for working capital to support increased demand.
  • ₹50 crores for debt repayment to optimize capital structure.
  • Balance for general corporate purposes, like R&D and branding.
• Why It’s Hot: A 11.7% GMP reflects demand for consumer goods, amplified by GST cuts on essentials.

Opening August 20-22, 2025

Mangal Electrical Industries IPO

• Dates: August 20-22, 2025
• Price Band: ₹533 to ₹561 per share
• Issue Size: ₹400 crores (100% fresh issue)
• Listing: August 28, 2025 (BSE, NSE)
• Use of Funds:
  • ₹200 crores for setting up new manufacturing units for electrical equipment.
  • ₹100 crores for upgrading existing facilities to boost efficiency.
  • ₹50 crores for debt repayment to lower interest costs.
  • Remaining funds for general corporate purposes, including supply chain enhancements.
• Why It’s Hot: Electrical equipment demand is rising, but a 0% GMP suggests reviewing financials carefully.

Also Read :- FlySBS Aviation IPO 2025: A Comprehensive Investment Review

SME IPOs

Studio LSD IPO

• Dates: August 18-20, 2025
• Price Band: ₹48 to ₹51 per share
• Issue Size: ₹70 crores
• Platform: NSE SME
• Listing: August 25, 2025
• Use of Funds:
  • ₹40 crores for acquiring advanced multimedia production equipment.
  • ₹20 crores for expanding studio facilities and content creation.
  • ₹10 crores for marketing and brand-building initiatives (IndiaIPO, 2025).
• Why It’s Hot: This niche multimedia player offers growth potential, but a 0% GMP calls for due diligence.

LGT Business Connextions IPO

• Dates: August 19-21, 2025
• Price: ₹107 per share (fixed price)
• Issue Size: ₹28.09 crores
• Platform: BSE SME
• Listing: August 26, 2025
• Use of Funds:
  • ₹15 crores for enhancing IT infrastructure for business services.
  • ₹8 crores for workforce expansion and training.
  • ₹5.09 crores for general corporate purposes, including client acquisition.
• Why It’s Hot: A small but steady play in business services, with a 0% GMP indicating neutral sentiment.

Classic Electrodes IPO

• Dates: August 22-26, 2025
• Price Band: ₹82 to ₹87 per share
• Issue Size: ₹41.51 crores
• Platform: NSE SME
• Listing: September 1, 2025
• Use of Funds:
  • ₹25 crores for upgrading manufacturing facilities for electrodes.
  • ₹10 crores for working capital to meet industrial demand.
  • ₹6.51 crores for general corporate purposes, like quality certifications.
• Why It’s Hot: Supports industrial growth, but a 0% GMP suggests checking fundamentals.

Also Read :- Indiqube Spaces IPO Listing Day Performance: A Detailed Analysis of the Disappointing Market Debut

Key Listings This Week

BlueStone Jewellery & Lifestyle

• Listing Date: August 19, 2025
• IPO Details: Concluded August 11-13, 2025; ₹1,540.65 crores, ₹492-₹517 per share (BSE, NSE)
• Why It Matters: GST cuts on consumer goods could lift this jewellery giant’s debut, despite a 0% GMP.

Regaal Resources

• Listing Date: August 20, 2025
• IPO Details: Concluded August 12-14, 2025; ₹306 crores, ₹96-₹102 per share (BSE, NSE)
• Why It Matters: A 25.5% GMP signals strong interest in this resource play, ideal for diversification.

This week offers investors a wide mix of opportunities across sectors like shipping, retail, solar energy, aromatics, electricals, real estate, and healthcare. The largest issue is Vikram Solar’s ₹2,079 crore IPO, while smaller companies continue to tap the SME platforms for growth capital.