Mainboard IPOs of 2025: subscription and listing gains
Every mainboard IPO whose bidding closed in 2025, with its size, issue price, how many times each investor category subscribed (NSE and BSE together) and how it did on its first day of trading on NSE. Click a column to sort.
101
Mainboard IPOs
₹1,60,081 Cr
Raised
+9.6%
Avg listing gain
median +5.7%
69%
Listed at a premium
+15.3%
Avg day-1 high
30.3x
Median subscription
| Company | Closed | Size | Issue price | QIB | NII | Retail | Total | Listing gain | Day high | Day close | Now | AI estimate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gujarat Kidney and Super SpecialityGKSL · listed 30 Dec 2025 | 24 Dec | ₹283 Cr | ₹114 | 1.06x | 5.73x | 19.0x | 5.21x | +5.3% | +7.9% | -8.3% | +57.4% | +5.5%bt |
| KSH InternationalKSHINTL · listed 23 Dec 2025 | 18 Dec | ₹747 Cr | ₹384 | 1.06x | 0.42x | 0.86x | 0.83x | -3.6% | -3.6% | -7.5% | +135.2% | -5.7%bt |
| ICICI Prudential Asset Management CompanyICICIAMC · listed 19 Dec 2025 | 16 Dec | ₹10,603 Cr | ₹2,165 | 124x | 22.0x | 2.53x | 39.2x | +20.1% | +23.0% | +19.4% | +25.7% | +25.9%bt |
| Park Medi WorldPARKHOSPS · listed 17 Dec 2025 | 12 Dec | ₹968 Cr | ₹162 | 11.5x | 15.1x | 3.16x | 8.10x | -2.0% | +2.4% | -8.7% | +34.4% | +3.1%bt |
| Nephrocare Health ServicesNEPHROPLUS · listed 17 Dec 2025 | 12 Dec | ₹870 Cr | ₹460 | 27.5x | 24.3x | 2.31x | 14.0x | +6.5% | +8.5% | +2.5% | +31.0% | +2.1%bt |
| Corona RemediesCORONA · listed 15 Dec 2025 | 10 Dec | ₹691 Cr | ₹1,062 | 279x | 209x | 28.7x | 137x | +38.4% | +41.0% | +35.4% | +92.5% | +69.8%bt |
| Wakefit InnovationsWAKEFIT · listed 15 Dec 2025 | 10 Dec | ₹1,289 Cr | ₹195 | 3.04x | 1.05x | 3.17x | 2.52x | 0.0% | +4.4% | -1.4% | -31.3% | -0.1%bt |
| MeeshoMEESHO · listed 10 Dec 2025 | 05 Dec | ₹5,589 Cr | ₹111 | 120x | 38.2x | 19.1x | 79.0x | +46.4% | +59.9% | +53.2% | +97.5% | +41.8%bt |
| Vidya WiresVIDYAWIRES · listed 10 Dec 2025 | 05 Dec | ₹321 Cr | ₹52.0 | 5.12x | 52.0x | 27.9x | 26.6x | 0.0% | +12.4% | +2.2% | +70.5% | +7.2%bt |
| AequsAEQUS · listed 10 Dec 2025 | 05 Dec | ₹942 Cr | ₹124 | 121x | 80.6x | 78.0x | 102x | +12.9% | +26.6% | +22.0% | +98.2% | +56.2%bt |
| Sudeep PharmaSUDEEPPHRM · listed 28 Nov 2025 | 25 Nov | ₹895 Cr | ₹593 | 213x | 117x | 15.7x | 93.7x | +23.1% | +34.1% | +30.6% | +62.2% | +45.5%bt |
| Excelsoft TechnologiesEXCELSOFT · listed 26 Nov 2025 | 21 Nov | ₹526 Cr | ₹120 | 47.6x | 102x | 15.6x | 43.2x | +12.5% | +18.8% | +5.0% | -35.6% | +9.1%bt |
| Capillary Technologies IndiaCAPILLARY · listed 21 Nov 2025 | 18 Nov | ₹878 Cr | ₹577 | 57.3x | 69.8x | 15.8x | 52.9x | -0.9% | +9.9% | +5.1% | -5.1% | +24.6%bt |
| Fujiyama Power SystemsUTLSOLAR · listed 20 Nov 2025 | 17 Nov | ₹852 Cr | ₹228 | 5.15x | 0.88x | 1.00x | 2.14x | -3.5% | +1.3% | -8.6% | +61.8% | -2.7%bt |
| Tenneco Clean Air IndiaTENNIND · listed 19 Nov 2025 | 14 Nov | ₹3,781 Cr | ₹397 | 166x | 40.7x | 5.11x | 58.8x | +27.2% | +30.2% | +23.6% | +13.4% | +37.5%bt |
| PhysicswallahPWL · listed 18 Nov 2025 | 13 Nov | ₹3,684 Cr | ₹109 | 2.70x | 0.48x | 1.06x | 1.81x | +33.0% | +48.6% | +42.4% | +14.3% | +2.8%bt |
| Emmvee Photovoltaic PowerEMMVEE · listed 18 Nov 2025 | 13 Nov | ₹3,055 Cr | ₹217 | 1.26x | 0.30x | 1.10x | 0.97x | 0.0% | +4.9% | +1.1% | +14.8% | +1.2%bt |
| Pine LabsPINELABS · listed 14 Nov 2025 | 11 Nov | ₹3,902 Cr | ₹221 | 4.00x | 0.30x | 1.22x | 2.46x | +9.5% | +28.5% | +13.5% | -26.9% | +0.3%bt |
| Billionbrains Garage VenturesGROWW · listed 12 Nov 2025 | 07 Nov | ₹6,632 Cr | ₹100 | 22.0x | 14.2x | 9.43x | 17.6x | +12.0% | +34.4% | +31.3% | +87.1% | +14.3%bt |
| Lenskart SolutionsLENSKART · listed 10 Nov 2025 | 04 Nov | ₹7,279 Cr | ₹402 | 40.3x | 18.2x | 7.54x | 28.3x | -1.7% | +2.9% | +0.3% | +57.8% | +19.1%bt |
| Studds AccessoriesSTUDDS · listed 07 Nov 2025 | 03 Nov | ₹455 Cr | ₹585 | 160x | 77.0x | 22.1x | 73.3x | -3.4% | 0.0% | -4.2% | -31.4% | +36.9%bt |
| Orkla IndiaORKLAINDIA · listed 06 Nov 2025 | 31 Oct | ₹1,668 Cr | ₹730 | 118x | 54.4x | 7.05x | 48.7x | +2.8% | +4.1% | -2.2% | -25.1% | +29.7%bt |
| MidwestMIDWESTLTD · listed 24 Oct 2025 | 17 Oct | ₹474 Cr | ₹1,065 | 140x | 168x | 24.3x | 87.9x | +9.4% | +11.7% | +7.1% | +3.4% | +37.5%bt |
| Rubicon ResearchRUBICON · listed 16 Oct 2025 | 13 Oct | ₹1,449 Cr | ₹485 | 130x | 97.6x | 35.5x | 104x | +27.8% | +31.8% | +29.5% | +196.2% | +52.2%bt |
| Canara Robeco Asset Management CompanyCRAMC · listed 16 Oct 2025 | 13 Oct | ₹1,326 Cr | ₹266 | 25.9x | 6.45x | 1.91x | 9.74x | +5.4% | +19.6% | +12.9% | -20.2% | +5.1%bt |
| LG Electronics IndiaLGEINDIA · listed 14 Oct 2025 | 09 Oct | ₹11,607 Cr | ₹1,140 | 167x | 22.4x | 3.55x | 54.0x | +50.0% | +53.4% | +48.2% | +44.8% | +38.4%bt |
| WeWork India ManagementWEWORK · listed 10 Oct 2025 | 07 Oct | ₹3,000 Cr | ₹648 | 1.79x | 0.23x | 0.61x | 1.15x | +0.3% | +0.3% | -3.0% | +0.6% | -2.0%bt |
| Om Freight ForwardersOMFREIGHT · listed 08 Oct 2025 | 03 Oct | ₹134 Cr | ₹135 | 3.97x | 7.39x | 2.75x | 3.87x | -39.6% | -36.6% | -36.6% | -18.7% | +7.1%bt |
| Advance AgrolifeADVANCE · listed 08 Oct 2025 | 03 Oct | ₹193 Cr | ₹100 | 27.3x | 175x | 23.1x | 56.9x | +14.0% | +14.5% | +8.3% | +44.1% | +16.3%bt |
| GlottisGLOTTIS · listed 07 Oct 2025 | 01 Oct | ₹314 Cr | ₹129 | 1.87x | 2.97x | 1.42x | 2.05x | -34.9% | -27.9% | -35.1% | -60.9% | 0.0%bt |
| Fabtech TechnologiesFABTECH · listed 07 Oct 2025 | 01 Oct | ₹402 Cr | ₹191 | 2.02x | 1.97x | 2.08x | 2.03x | +0.5% | +0.8% | -4.5% | -35.7% | -2.7%bt |
| Pace DigitekPACEDIGITK · listed 06 Oct 2025 | 30 Sep | ₹863 Cr | ₹219 | 1.60x | 2.90x | 1.03x | 1.59x | +2.7% | +5.5% | -0.5% | -32.8% | -2.0%bt |
| Jinkushal IndustriesJKIPL · listed 03 Oct 2025 | 29 Sep | ₹116 Cr | ₹121 | 35.7x | 146x | 47.1x | 65.1x | +3.3% | +4.9% | +0.6% | -8.1% | +13.3%bt |
| TruAlt BioenergyTRUALT · listed 03 Oct 2025 | 29 Sep | ₹874 Cr | ₹496 | 159x | 98.6x | 11.0x | 71.9x | +10.0% | +10.7% | +7.0% | -16.0% | +35.2%bt |
| BMW VenturesBMWVENTLTD · listed 01 Oct 2025 | 26 Sep | ₹235 Cr | ₹99.0 | 3.09x | 3.03x | 0.99x | 1.50x | -21.2% | -21.2% | -25.1% | -33.0% | -1.0%bt |
| Epack Prefab TechnologiesEPACKPEB · listed 01 Oct 2025 | 26 Sep | ₹512 Cr | ₹204 | 5.10x | 3.68x | 1.69x | 3.07x | -9.9% | -3.1% | -6.5% | +11.3% | -2.8%bt |
| Jain Resource RecyclingJAINREC · listed 01 Oct 2025 | 26 Sep | ₹1,318 Cr | ₹232 | 25.3x | 5.30x | 3.62x | 15.9x | +14.2% | +37.1% | +37.1% | +24.8% | +9.4%bt |
| Solarworld Energy SolutionsSOLARWORLD · listed 30 Sep 2025 | 25 Sep | ₹516 Cr | ₹351 | 70.4x | 64.7x | 49.2x | 65.0x | +10.7% | +10.7% | -7.8% | -67.9% | +29.1%bt |
| Anand Rathi Share and Stock BrokersARSSBL · listed 30 Sep 2025 | 25 Sep | ₹786 Cr | ₹414 | 43.8x | 28.6x | 4.78x | 20.7x | +4.3% | +10.8% | +7.6% | +11.2% | +3.1%bt |
| Jaro Institute of Technology Management and ResearchJARO · listed 30 Sep 2025 | 25 Sep | ₹473 Cr | ₹890 | 35.4x | 35.5x | 8.71x | 22.1x | 0.0% | 0.0% | -16.4% | -55.7% | +5.5%bt |
| Seshaasai TechnologiesSTYL · listed 30 Sep 2025 | 25 Sep | ₹825 Cr | ₹423 | 190x | 49.9x | 9.17x | 68.1x | +2.1% | +3.4% | -2.7% | -26.5% | +38.4%bt |
| Atlanta ElectricalsATLANTAELE · listed 29 Sep 2025 | 24 Sep | ₹697 Cr | ₹754 | 195x | 54.2x | 10.4x | 70.6x | +13.7% | +14.7% | +9.2% | +124.0% | +38.6%bt |
| Ganesh Consumer ProductsGANESHCP · listed 29 Sep 2025 | 24 Sep | ₹405 Cr | ₹322 | 4.18x | 4.34x | 1.15x | 2.67x | -8.1% | -4.1% | -8.6% | -50.0% | -2.0%bt |
| Saatvik Green EnergySAATVIK · listed 26 Sep 2025 | 23 Sep | ₹947 Cr | ₹465 | 10.8x | 10.0x | 2.66x | 6.57x | 0.0% | 0.0% | -5.2% | -21.8% | +2.0%bt |
| GK EnergyGKENERGY · listed 26 Sep 2025 | 23 Sep | ₹484 Cr | ₹153 | 186x | 123x | 20.8x | 89.6x | +11.8% | +14.2% | +9.6% | -37.3% | +39.8%bt |
| Ivalue InfosolutionsIVALUE · listed 25 Sep 2025 | 22 Sep | ₹560 Cr | ₹299 | 3.18x | 1.26x | 1.28x | 1.82x | -4.7% | -0.2% | -5.7% | -26.5% | -4.5%bt |
| VMS TMTVMSTMT · listed 24 Sep 2025 | 19 Sep | ₹148 Cr | ₹99.0 | 121x | 227x | 47.9x | 102x | +6.0% | +6.1% | +0.7% | -56.8% | +32.7%bt |
| Euro Pratik SalesEUROPRATIK · listed 23 Sep 2025 | 18 Sep | ₹474 Cr | ₹247 | 1.05x | 1.92x | 1.23x | 1.34x | +10.2% | +12.6% | +0.6% | -21.6% | -3.0%bt |
| Urban CompanyURBANCO · listed 17 Sep 2025 | 12 Sep | ₹1,997 Cr | ₹103 | 140x | 74.0x | 39.2x | 104x | +57.5% | +73.8% | +62.0% | +35.2% | +54.7%bt |
| Dev AcceleratorDEVX · listed 17 Sep 2025 | 12 Sep | ₹143 Cr | ₹61.0 | 20.3x | 88.0x | 165x | 64.0x | 0.0% | +5.0% | +5.0% | -31.2% | +24.3%bt |
| Shringar House of MangalsutraSHRINGARMS · listed 17 Sep 2025 | 12 Sep | ₹401 Cr | ₹165 | 101x | 82.6x | 27.2x | 60.3x | +14.2% | +15.8% | +12.1% | +80.6% | +27.4%bt |
| Amanta HealthcareAMANTA · listed 09 Sep 2025 | 03 Sep | ₹126 Cr | ₹126 | 35.9x | 209x | 55.0x | 82.6x | +7.1% | +12.5% | +12.5% | +30.9% | +11.6%bt |
| Anlon HealthcareAHCL · listed 03 Sep 2025 | 29 Aug | ₹257 Cr | ₹91.0 | 1.07x | 10.6x | 47.3x | 7.12x | +1.1% | +1.6% | +0.8% | -73.2% | +8.5%bt |
| Vikran EngineeringVIKRAN · listed 03 Sep 2025 | 29 Aug | ₹814 Cr | ₹97.0 | 19.5x | 58.6x | 11.0x | 23.6x | +2.1% | +4.9% | -1.3% | -43.7% | +7.8%bt |
| Mangal Electrical IndustriesMEIL · listed 28 Aug 2025 | 22 Aug | ₹421 Cr | ₹561 | 10.5x | 18.8x | 4.84x | 9.46x | -0.9% | +0.9% | -4.6% | -54.4% | +3.6%bt |
| Shreeji Shipping GlobalSHREEJISPG · listed 26 Aug 2025 | 21 Aug | ₹411 Cr | ₹252 | 110x | 72.7x | 21.9x | 58.1x | +7.1% | +9.1% | +1.2% | +213.0% | +23.2%bt |
| Vikram SolarVIKRAMSOLR · listed 26 Aug 2025 | 21 Aug | ₹2,137 Cr | ₹332 | 143x | 50.9x | 7.65x | 54.6x | +1.8% | +14.9% | +7.3% | -60.4% | +26.9%bt |
| Gem AromaticsGEMAROMA · listed 26 Aug 2025 | 21 Aug | ₹450 Cr | ₹325 | 55.3x | 45.1x | 10.3x | 30.3x | +2.5% | +7.6% | -1.8% | -56.5% | +16.4%bt |
| Patel RetailPATELRMART · listed 26 Aug 2025 | 21 Aug | ₹243 Cr | ₹255 | 272x | 108x | 42.5x | 95.7x | +17.6% | +19.6% | +12.8% | -9.7% | +48.4%bt |
| Regaal ResourcesREGAAL · listed 20 Aug 2025 | 14 Aug | ₹306 Cr | ₹102 | 191x | 357x | 57.7x | 160x | +38.2% | +42.8% | +29.0% | -15.7% | +62.4%bt |
| BlueStone Jewellery and LifestyleBLUESTONE · listed 19 Aug 2025 | 13 Aug | ₹1,541 Cr | ₹517 | 4.28x | 0.55x | 1.35x | 2.70x | -1.4% | +9.1% | +5.6% | +47.1% | -2.8%bt |
| All Time PlasticsALLTIME · listed 14 Aug 2025 | 11 Aug | ₹412 Cr | ₹275 | 10.1x | 13.5x | 5.14x | 8.34x | +13.2% | +18.2% | +3.0% | -30.6% | +2.3%bt |
| JSW CementJSWCEMENT · listed 14 Aug 2025 | 11 Aug | ₹3,807 Cr | ₹147 | 15.8x | 11.0x | 1.81x | 7.77x | +4.4% | +5.3% | -0.6% | -22.0% | +9.4%bt |
| Highway InfrastructureHILINFRA · listed 12 Aug 2025 | 07 Aug | ₹136 Cr | ₹70.0 | 421x | 447x | 156x | 301x | +64.3% | +72.5% | +72.5% | -22.7% | +93.8%bt |
| M&B EngineeringMBEL · listed 06 Aug 2025 | 01 Aug | ₹684 Cr | ₹385 | 36.7x | 38.2x | 32.5x | 36.2x | 0.0% | +8.8% | +6.1% | -31.0% | +11.1%bt |
| Sri Lotus Developers and RealtyLOTUSDEV · listed 06 Aug 2025 | 01 Aug | ₹849 Cr | ₹150 | 164x | 57.7x | 20.3x | 69.1x | +18.7% | +30.5% | +30.4% | +58.2% | +38.6%bt |
| National Securities DepositoryNSDL | 01 Aug | ₹4,012 Cr | ₹800 | 104x | 35.0x | 7.73x | 41.0x | — | — | — | — | — |
| Aditya InfotechCPPLUS · listed 05 Aug 2025 | 31 Jul | ₹1,372 Cr | ₹675 | 133x | 72.0x | 50.9x | 101x | +50.4% | +63.6% | +60.4% | +478.5% | +49.1%bt |
| Laxmi India FinanceLAXMIINDIA · listed 05 Aug 2025 | 31 Jul | ₹254 Cr | ₹158 | 1.30x | 1.84x | 2.22x | 1.87x | -13.0% | -7.2% | -15.1% | -35.7% | -2.0%bt |
| Shanti Gold InternationalSHANTIGOLD · listed 01 Aug 2025 | 29 Jul | ₹360 Cr | ₹199 | 117x | 151x | 30.4x | 81.2x | +14.3% | +19.8% | +15.3% | +98.1% | +32.3%bt |
| Brigade Hotel VenturesBRIGHOTEL · listed 31 Jul 2025 | 28 Jul | ₹805 Cr | ₹90.0 | 5.42x | 1.92x | 6.40x | 4.48x | -9.9% | -2.4% | -5.2% | -42.5% | +2.3%bt |
| Indiqube SpacesINDIQUBE · listed 30 Jul 2025 | 25 Jul | ₹738 Cr | ₹237 | 14.4x | 8.27x | 12.9x | 12.4x | -8.9% | -5.9% | -8.0% | -31.6% | +8.4%bt |
| GNG ElectronicsEBGNG · listed 30 Jul 2025 | 25 Jul | ₹479 Cr | ₹237 | 266x | 228x | 46.8x | 148x | +49.8% | +51.6% | +40.7% | +184.3% | +60.5%bt |
| Anthem BiosciencesANTHEM · listed 21 Jul 2025 | 16 Jul | ₹3,584 Cr | ₹570 | 183x | 42.4x | 5.64x | 63.9x | +26.9% | +31.1% | +28.1% | +40.5% | +48.5%bt |
| Smartworks Coworking SpacesSMARTWORKS · listed 17 Jul 2025 | 14 Jul | ₹601 Cr | ₹407 | 24.4x | 22.8x | 3.53x | 13.5x | +6.9% | +15.3% | +9.3% | +11.7% | +3.4%bt |
| Travel Food ServicesTRAVELFOOD · listed 14 Jul 2025 | 09 Jul | ₹2,106 Cr | ₹1,100 | 7.70x | 1.58x | 0.69x | 2.88x | +2.3% | +2.7% | -2.3% | +5.3% | +0.7%bt |
| CRIZAC LIMITEDCRIZAC · listed 09 Jul 2025 | 04 Jul | ₹904 Cr | ₹245 | 134x | 76.2x | 10.2x | 59.8x | +14.7% | +26.2% | +25.6% | -41.8% | +28.0%bt |
| Indogulf CropsciencesIGCL · listed 03 Jul 2025 | 30 Jun | ₹208 Cr | ₹111 | 33.3x | 48.4x | 14.8x | 26.0x | 0.0% | +1.8% | -0.6% | -45.7% | +10.2%bt |
| HDB Financial ServicesHDBFS · listed 02 Jul 2025 | 27 Jun | ₹13,214 Cr | ₹740 | 55.5x | 9.99x | 1.41x | 16.7x | +12.8% | +15.1% | +13.6% | -31.1% | +20.0%bt |
| Sambhv Steel TubesSAMBHV · listed 02 Jul 2025 | 27 Jun | ₹575 Cr | ₹82.0 | 62.3x | 31.8x | 7.99x | 28.5x | +34.1% | +35.4% | +19.0% | +95.2% | +18.9%bt |
| Globe Civil ProjectsGLOBECIVIL · listed 01 Jul 2025 | 26 Jun | ₹119 Cr | ₹71.0 | 99.8x | 143x | 53.7x | 86.0x | +26.8% | +33.1% | +33.0% | -48.2% | +29.0%bt |
| KalpataruKALPATARU · listed 01 Jul 2025 | 26 Jun | ₹1,703 Cr | ₹414 | 3.12x | 1.31x | 1.29x | 2.26x | 0.0% | +9.4% | +4.6% | -39.2% | -0.5%bt |
| Ellenbarrie Industrial GasesELLEN · listed 01 Jul 2025 | 26 Jun | ₹856 Cr | ₹400 | 64.2x | 15.2x | 2.14x | 22.2x | +21.5% | +33.6% | +33.6% | -21.2% | +14.7%bt |
| Arisinfra SolutionsARISINFRA · listed 25 Jun 2025 | 20 Jun | ₹528 Cr | ₹222 | 1.42x | 3.14x | 5.59x | 2.65x | -7.7% | -6.1% | -21.4% | — | -0.2%bt |
| Oswal PumpsOSWALPUMPS · listed 20 Jun 2025 | 17 Jun | ₹1,414 Cr | ₹614 | 88.1x | 36.7x | 3.60x | 34.4x | +3.3% | +6.2% | +1.9% | -62.4% | +26.5%bt |
| Scoda TubesSCODATUBES · listed 04 Jun 2025 | 30 May | ₹237 Cr | ₹140 | 69.5x | 113x | 19.4x | 53.8x | 0.0% | +5.0% | +5.0% | -21.6% | +25.6%bt |
| Prostarm Info SystemsPROSTARM · listed 03 Jun 2025 | 29 May | ₹168 Cr | ₹105 | 104x | 222x | 39.5x | 97.2x | +14.3% | +20.0% | +20.0% | +16.9% | +35.8%bt |
| Schloss BangaloreTHELEELA · listed 02 Jun 2025 | 28 May | ₹3,686 Cr | ₹435 | 7.46x | 1.02x | 0.83x | 4.50x | -6.7% | +0.9% | +0.1% | +36.9% | +7.0%bt |
| Belrise IndustriesBELRISE · listed 28 May 2025 | 23 May | ₹2,276 Cr | ₹90.0 | 108x | 38.3x | 4.27x | 41.3x | +11.1% | +13.8% | +8.2% | +138.6% | +29.9%bt |
| Borana WeavesBORANA · listed 27 May 2025 | 22 May | ₹145 Cr | ₹216 | 87.2x | 237x | 201x | 149x | +12.5% | +18.1% | +18.1% | +0.6% | +74.7%bt |
| Ather EnergyATHERENERG · listed 06 May 2025 | 30 Apr | ₹3,106 Cr | ₹321 | 1.70x | 0.66x | 1.78x | 1.43x | +2.2% | +3.7% | -5.8% | +344.0% | -0.5%bt |
| Quality Power Electrical EquipmentsQPOWER · listed 24 Feb 2025 | 18 Feb | ₹859 Cr | ₹425 | 1.03x | 1.45x | 1.83x | 1.29x | +1.2% | +1.4% | -8.7% | +227.3% | +0.9%bt |
| Hexaware TechnologiesHEXT · listed 19 Feb 2025 | 14 Feb | ₹9,202 Cr | ₹708 | 9.09x | 0.20x | 0.11x | 2.66x | +5.3% | +11.3% | +7.7% | -16.5% | -0.2%bt |
| Ajax EngineeringAJAXENGG · listed 17 Feb 2025 | 12 Feb | ₹1,269 Cr | ₹629 | 14.4x | 6.47x | 1.93x | 6.45x | -8.4% | -3.2% | -5.3% | -10.6% | +4.2%bt |
| Dr. Agarwal's Health CareAGARWALEYE · listed 04 Feb 2025 | 31 Jan | ₹3,027 Cr | ₹402 | 4.64x | 0.40x | 0.41x | 1.55x | 0.0% | +2.7% | -0.1% | +16.6% | -1.8%bt |
| Denta Water and Infra SolutionsDENTA · listed 29 Jan 2025 | 24 Jan | ₹220 Cr | ₹294 | 237x | 507x | 90.6x | 222x | +10.5% | +16.1% | +16.1% | -21.4% | +85.0%bt |
| Stallion India FluorochemicalsSTALLION · listed 23 Jan 2025 | 20 Jan | ₹199 Cr | ₹90.0 | 173x | 422x | 96.9x | 188x | +33.3% | +40.0% | +40.0% | +114.4% | +87.7%bt |
| Laxmi DentalLAXMIDENTL · listed 20 Jan 2025 | 15 Jan | ₹698 Cr | ₹428 | 110x | 148x | 76.2x | 114x | +26.6% | +36.5% | +28.6% | -58.7% | +49.4%bt |
| Quadrant Future TekQUADFUTURE · listed 14 Jan 2025 | 09 Jan | ₹306 Cr | ₹290 | 133x | 255x | 247x | 187x | +27.6% | +53.1% | +53.1% | +48.3% | +93.0%bt |
| Standard Glass Lining TechnologySGLTL · listed 13 Jan 2025 | 08 Jan | ₹413 Cr | ₹140 | 332x | 269x | 65.0x | 183x | +22.9% | +30.0% | +16.6% | — | +80.8%bt |
| Indo Farm EquipmentINDOFARM · listed 07 Jan 2025 | 02 Jan | ₹260 Cr | ₹215 | 242x | 504x | 105x | 230x | +19.1% | +33.5% | +27.3% | -43.9% | +87.0%bt |
Subscription and issue size: for these issues, the figures NSE publishes (NSE and BSE bids together; for issues sized in rupees NSE counts the shares on offer at the lower end of the price band, so these can be up to about 7% below final figures quoted elsewhere) and an issue size estimated from the shares on offer (including the anchor book) at the issue price. "Now" is the latest NSE close against the issue price, not adjusted for later splits or bonuses. bt marks a back-tested AI estimate: scored by a model that had only seen earlier years' IPOs.
AI estimates for 2025 against the outcome
100
IPOs scored
76%
Right side of issue price
82%
On clear calls
estimate ±5% or more
11.0 pts
Median miss
64%
Inside likely range
2025 listings by QIB demand
| QIB subscription | IPOs | Avg listing gain | Median | At a premium | Median day high |
|---|---|---|---|---|---|
| 1x to 10x | 30 | -3.0% | 0.0% | 40% | +1.5% |
| 10x to 50x | 23 | +3.7% | +3.3% | 57% | +5.3% |
| 50x to 150x | 28 | +17.4% | +13.6% | 93% | +19.0% |
| Above 150x | 19 | +25.0% | +22.9% | 95% | +30.5% |
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
