July was one of most action packed month when it comes IPO Market. 13 Mainboard IPO’s were launched in month of July raising staggering 16000 Crores of Valuation in stock market. July started with IPO of Crizac and ended with bang with NSDL IPO. In this article , we will review July 2025 Launched IPO’s performance & review the top 5 IPO’s in terms of book value.
With uncertainty over tariff’s , it was one of the volatile months of year and have some impact when it comes to grey market premium and listing gains for short term investors. Nevertheless, response was huge for these Mainboard IPO’s and most of them listed giving good returns.
NSDLÂ Â : One of the largest IPO in terms of book building – 4000 Cr, price band was set at 800 per share. The lot size for an application was 18 with minimum amount of investment for retail investors of 13,680. IPO was subscribed 40 times – QIBs ~100x, HNIs ~ 37x & Retail ~ 7x. With recent upsurge it has exceeded P/E ratio of CDSL which at 65 , there has been good investor attraction towards IPO as it was listed at lower valuations providing overall good investment opportunity for Buyers. Till Date, stock has given 58% return – 10% listing return , followed by 48% rally in stock.Â
| Listing Gains | MTD Performance | Market Capitalization | PE Ratio |
|---|---|---|---|
|
10% |
48% |
26000 Crores |
75 |
2. Anthem Biosciences : It is innovation driven and technology focused contract research, development & manufacturing organization (CRDMO) with capabilities around drug discovery, development & commercial manufacturing. 2nd largest IPO in terms of book building in July – 3300 Cr, price band was set at 570 per share. The lot size for an application was 26 with minimum amount of investment for retail investors of 14,040. IPO was subscribed 61 times – QIBs ~190x, HNIs ~ 44x & Retail ~ 6x. The Stock was listed at 723 , providing almost 27% listing gain and is currently trading at 730 per share providing staggering 160/share return so far – 28% return
| Listing Gains | MTD Performance | Market Capitalization | PE Ratio |
|---|---|---|---|
|
27% |
1% |
40,000 Crores |
90 |
3. Travel Food  : It is QSR (Quick service restaurant) & a Lounge business across airports in India, Malaysia & Singapore, comprises of range of curated foods & beverages concepts tailored for customers demands for speed & convenience within travel environment. 3rd largest IPO in terms of book building in July – 2000 Cr, price band was set at 1100 per share. The lot size for an application was 13 with minimum amount of investment for retail investors of 13,585. IPO was subscribed 3 times – QIBs ~8x, HNIs ~ 2x & Retail ~ 1x. The Stock was listed at 1130 , providing almost 2% listing gain and is currently trading at 1117 per share.
 Response to IPO was dull & subscription was lowest among all July subscriptions. It can be good space to look into how overall Peers like Jubilant & Devyani are valued , with being leader in it’s sector future results & QIBs interest will pave out path fot future.Â
| Listing Gains | MTD Performance | Market Capitalization | PE Ratio |
|---|---|---|---|
|
2% |
-1% |
14,000 Crores |
40 |
4. Aditya Infotech  : It offers a comprehensive range of advanced video security and surveillance products, technologies and solutions for enterprises and consumer segments under CP PLUS brand. 4th largest IPO in terms of book building in July – 1300 Cr, price band was set at 675 per share. The lot size for an application was 22 with minimum amount of investment for retail investors of 14,080. IPO was subscribed 106 times – QIBs ~140x, HNIs ~ 75x & Retail ~ 54x. The Stock was listed at 1130 , providing almost 50% listing gain and is currently trading at 1080 per share.Â
| Listing Gains | MTD Performance | Market Capitalization | PE Ratio |
|---|---|---|---|
|
50% |
-4% |
13,000 Crores |
37 |
5. Crizac : It is educational platform B2B for agents and global institutions of higher education offering international student recruitment solutions to across globe.5th largest IPO in terms of book building in July – 860 Cr, price band was set at 245 per share. The lot size for an application was 13 with minimum amount of investment for retail investors of 13,585. IPO was subscribed 62 times – QIBs ~140x, HNIs ~ 80x & Retail ~ 10x. The Stock was listed at 281 , providing almost 15% listing gain and is currently trading at 306 per share.
| Listing Gains | MTD Performance | Market Capitalization | PE Ratio |
|---|---|---|---|
|
15% |
10% |
5,000 Crores |
35 |