Business: There is a wave of IPOs in the Indian stock market. New IPOs are opening every week. According to IPO Central, 82 mainboard IPOs have been listed so far in 2025. About Rs 1.20 lakh crore was raised through these. There were 90 IPOs in the year 2024, out of which 71 listings were positive, while 19 listings were negative. The queue of upcoming IPOs is long.
So should one invest money in every IPO?
All that glitters is not gold and not every big IPO is profitable. The latest example is Tata Capital’s Rs 15,511 crore IPO. This IPO was subscribed almost twice in anticipation of better listing gains. Despite being a Tata Group company, it disappointed investors on the listing day. Tata Capital’s shares were listed on October 13, 2025 at only 1% premium i.e. Rs 330. Its issue price was Rs 326.
Greed for listing gains?
Well, 2025 was good in listing gains. Most of the companies were listed at a premium, yet remember that big IPOs like LIC and Paytm gave big lessons. LIC’s IPO came in May 2022. The price band was Rs 902 to Rs 949. It was listed with a discount of about nine percent. It took about two years to reach its listing price.
The IPO of Paytm’s parent company One97 Communications came in November 2021. The issue price was Rs 2,150, listed with a nine percent discount. Even after almost four years of listing, it has not been able to touch its issue price.
Note before investing in IPO
- Understand the company’s business model, future prospects of the sector.
- Financial position – Keep an eye on revenue, profit, debt and cash flow.
- Check the valuation of the IPO, compare it with competing companies.
- Know where and how the funds raised from IPO will be used.
- Retail investors look at subscription data first, QIB and HNI participation is considered a sign of confidence.
- Gray Market Premium (GMP) is a tool to gauge sentiment, but do not make final decisions based on it.
- Keep your investment perspective clear, decide listing gains versus long-term investments.
- Invest only as much risk as you can bear.
- Read the report of the brokerage house. Heed their advice.
- Consult your financial advisor before investing.
IPO pipeline is strong
The list of upcoming IPOs is long. These include Meesho Technologies, Sify Infinite Space Ltd., Shadowfox Technologies, PNGS Reva Diamond Jewellery, Lenskart Solutions Ltd., Boat, Zepto, Grow, NSE and Reliance Jio Infocomm. However, their date has not been decided yet.
Current performance of IPO companies (till October 21, 2025)
- 55 IPOs are trading at a premium
- 27 IPOs traded at discount
important to know
- Performance of mainboard IPO in the year 2025
- According to IPO Central, 82 mainboard IPOs have been listed so far in 2025.
- Listing at premium over issue price – 55
- Listing at issue price discount – 27
- Listing Day Returns – Average 9.17 percent
Listing Gain: Premium Range
- 0 to 10%: 26 IPOs
- 10 to 25%: 12 IPOs
- 25 to 50%: 13 IPOs
- 50 to 100%: 4 IPOs
Listing Loss: Discount Range
- 0-10% : 21 IPOs
- -10 to -25% : 3 IPOs
- -More than 25%: 3 IPOs
