With Tata Capital and LG Electronics’ India unit expected to bring blockbuster IPOs in the coming months, investors are reviewing the IPO performance of 2025. The year has already seen a flurry of listings, producing both stellar wealth creators and sharp wealth destroyers.
IPO boom in 2025
From financial services to renewables, more than 60 companies tapped the primary market this year. While some debutants doubled investor wealth within months, others are trading far below issue prices.
Biggest wealth creators
– Quality Power Electrical Equipments Ltd. delivered the sharpest rally, rising 151 per cent from its Feb issue price of Rs 425 to Rs 1,069.
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– Stallion India Fluorochemicals Ltd. surged 177 per cent, the best performer of 2025, moving from Rs 90 to Rs 250.
– Aditya Infotech Ltd. nearly doubled, up 95 per cent from its issue price of Rs 675 to Rs 1,319.
– Prostarm Info Systems Ltd. offered multibagger gains, soaring 84 per cent since listing in June.
– Belrise Industries Ltd. also impressed with a 75 per cent jump from Rs 90 to Rs 157.
– Ather Energy Ltd. turned profitable for early investors with a 76 per cent gain, from Rs 321 to Rs 565.
– National Securities Depository Ltd. (NSDL) rewarded investors with a 51 per cent rise, trading at Rs 1,208.
Read More:Â IPOs Next Week: From Tata to LG, mainboard IPOs worth Rs 30,518 crore headed to Dalal Street
Notable debut pops
Some companies rewarded investors with strong listing day gains. Urban Co. Ltd. was the most striking, jumping 62% on debut and maintaining those gains. Highway Infrastructure Ltd. soared 72.5 per cent on day one, though it later cooled off.
Painful losses
Not all IPOs have been winners.
– Gem Aromatics Ltd. is down 28 per cent from its issue price.
– Arisinfra Solutions Ltd. has been the worst performer, losing 33 per cent since listing.
– Jaro Institute of Technology Management & Research Ltd. fell 16 per cent on debut and continues to struggle.
– Mangal Electrical Industries Ltd. and Capital Infra Trust also delivered double-digit losses.
Sector trends
Financial services IPOs (NSDL, Aditya Infotech, Knowledge Realty Trust, HDB Financial) have largely outperformed, giving double-digit to near 100 per cent returns.
Energy and renewables (Ather Energy, Solarworld, Saatvik Green Energy, Vikram Solar) have been mixed, with some stocks soaring and others slipping below issue price.
Consumer-focused plays like Bluestone Jewellery and Shanti Gold International delivered healthy 8–16 per cent gains.
Top 10 IPO winners of 2025
| Company | Issue Price (Rs) | Current Price (Rs) | Returns |
|---|---|---|---|
| Stallion India Fluorochemicals | 90 | 250.29 | +178% |
| Quality Power Electrical Equipments | 425 | 1,069.3 | +151% |
| Aditya Infotech | 675 | 1,319.3 | +95% |
| Prostarm Info Systems | 105 | 192.61 | +84% |
| Ather Energy | 321 | 565.5 | +76% |
| Belrise Industries | 90 | 157.47 | +75% |
| NSDL | 800 | 1,208 | +51% |
| Anlon Healthcare | 91 | 132.51 | +46% |
| Sambhv Steel Tubes | 82 | 108.96 | +34% |
| Anthem Biosciences | 570 | 761.2 | +34% |
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Top 10 IPO losers of 2025
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| Company | Issue Price (Rs) | Current Price (Rs) | Returns |
|---|---|---|---|
| Arisinfra Solutions | 222 | 149.3 | -33% |
| Gem Aromatics | 325 | 234.1 | -28% |
| Laxmi Dental | 428 | 325.2 | -24% |
| Capital Infra Trust | 99 | 76.11 | -23% |
| VMS TMT | 99 | 81.27 | -18% |
| Jaro Institute of Tech Mgmt & Research | 890 | 744.25 | -16% |
| Mangal Electrical Industries | 561 | 478.3 | -15% |
| Regaal Resources | 102 | 88.18 | -13% |
| Ganesh Consumer Products | 322 | 285.1 | -11% |
| Indogulf Cropsciences | 111 | 100.1 | -10% |
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