Archive · 19 Nov 2025
India's IPO Market: A Mixed Bag in 2025
In 2025, many companies went public in India, but only a few did really well.
Some grew a lot, but most are doing okay or not so good.
Foreign investors are still interested in new companies, even if they're selling old ones.
Some companies like Aditya Infotech, Stallion India Fluorochemicals, and Ather Energy did amazing after their IPOs.
93 IPOs listed in 2025, with only 3 becoming multibaggers (Aditya Infotech, Stallion India Fluorochemicals, Ather Energy)
7 IPOs gained over 50%, while 57 are trading with gains
FPIs continue to invest in primary market despite selling in the secondary market
- Who
- Indian companies, investors, and foreign portfolio investors (FPIs)
- What
- Experienced a mixed performance in the IPO market in 2025
- When
- In 2025
- Where
- In India's IPO market
- Why
- Due to varying business performances, market conditions, and FPI investment trends
Proponents of the IPO market
Critics of IPO performance
IPO performance
Proponents of the IPO market
Some IPOs have done exceptionally well, like Aditya Infotech, Stallion India Fluorochemicals, and Ather Energy.
Critics of IPO performance
Most IPOs have not provided lasting returns, and many are stagnant or below their initial prices.
- Total IPOs in 2025
- 93
- Multibagger IPOs in 2025
- 3 (Aditya Infotech, Stallion India Fluorochemicals, Ather Energy)
- IPOs with gains over 50% in 2025
- 7
- IPOs trading with gains in 2025
- 57
- FPI sales in Indian stock market in 2025 (₹ crore)
- 211,703.67
- FPI investments in Indian primary market in 2025 (₹ crore)
- 64,709.12
