IPO Power Highlights: Medistep & Knowledge Realty Dominate August 18th. 

The Indian capital market witnessed an exciting mix of SME and mainboard activity on August 18, 2025, with two notable listings, one IPO launch, and a major allotment update. For investors, this day highlighted the contrasting fortunes of small enterprises, real estate trusts, and resource-based companies—all vying for attention in an increasingly selective market.

Medistep Healthcare Makes a Healthy Debut

The spotlight of the day belonged to Medistep Healthcare Ltd., which listed on the NSE SME platform. The ₹16.1 crore IPO, priced at ₹43 per share, delivered an impressive debut by opening at nearly a 23% premium. However, the stock soon hit the lower circuit, reflecting the volatility that often accompanies SME listings. Still, the strong listing underscores investor appetite for healthcare-driven SME stories, even as short-term traders take profits quickly.

Knowledge Realty Trust: REITs Prove Their Strength

Adding to the day’s buzz was the much-awaited listing of Knowledge Realty Trust, India’s latest REIT offering. Backed by marquee sponsors, the trust debuted at ₹103 on NSE and ₹104 on BSE, a 3–4% premium over its issue price of ₹100. This ₹4,800 crore issue was one of the largest of the year, and its successful listing reinforces investor faith in commercial real estate assets. With a portfolio spanning high-quality office spaces, the trust positions itself as a stable yield-generating play—a sharp contrast to the volatility of SME IPOs.

Studio LSD Opens Its IPO

While Medistep and Knowledge Realty hit the market floor, Studio LSD Limited, a creative and design-driven SME, opened its ₹74.25 crore IPO subscription. Priced in the ₹51–₹54 band, the issue includes both fresh capital and an offer-for-sale. Interestingly, the grey market premium (GMP) hovered around zero, indicating cautious investor sentiment. With subscription running from August 18–20, all eyes are now on whether the SME sector’s recent enthusiasm can carry this IPO forward.

Regaal Resources Moves Closer to Listing

Meanwhile, Regaal Resources Limited, which raised ₹306 crore in its IPO earlier this month, finalized share allotments today. The stock is slated to list on August 20, 2025, and investors are keenly watching GMP trends and allocation updates to gauge potential listing gains.

Takeaway for Investors

August 18 was a microcosm of India’s evolving IPO market—where SME volatility, REIT stability, and diverse investor expectations coexisted. For long-term investors, Knowledge Realty Trust offers yield and stability. For risk-takers, Medistep’s volatile yet promising healthcare story holds allure. And with Studio LSD and Regaal Resources next in line, the IPO wave is far from over.

For more fresh IPO insights, grey market premium trends, and listing day analysis, visit IPOUpcoming — your go-to destination for the latest in India’s IPO market.

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