Introduction
The Indian IPO market in 2025 has been electric, with over
₹51,150 crore raised in the first half of the year and more than 220 public
listings. Yet, only selective IPO picks have outperformed, turning investors
into winners even amid broader market caution. This post examines the year's
major gainers and notable losers, highlighting the top trends, sectors, and
smart strategies for IPO investing in India.
Major IPO Gainers of 2025
Some IPOs have dazzled investors by delivering strong
returns post-listing, even those that debuted at discounts. Here are four
standout successes:
- Quality
Power Electrical Equipment Ltd
- Issue
Price: ₹425
- Listing
Price: ₹387 (8.7% discount)
- Current
Price: ₹784
- Gain:
84%
- Strength:
Revenue up 187% YoY; robust EBITDA and profit growth
- Tejas
Cargo India Ltd
- Issue
Price: ₹168
- Listing
Price: ₹168
- Current
Price: ₹279
- Gain:
66%
- Strength:
Riding India’s logistics boom with surging revenues and net profits
- Grand
Continent Hotels
- Issue
Price: ₹113
- Listing
Price: ₹107.3 (5% discount)
- Current
Price: ₹147.10
- Gain:
~59%
- Strength:
Aggressive growth in revenue and expansion across 20 properties
- Ather
Energy Ltd
- Issue
Price: ₹321
- Listing
Price: ₹302.40 (5.8% discount)
- Current
Price: ₹418
- Gain:
30%
- Strength:
Strong revenue growth, rapid path to profitability, leadership in India’s
EV sector
Major IPO Losers of 2025
Several IPOs failed to generate returns, highlighting the
risk of focusing only on hype.
- PDP
Shipping & Projects
- Issue
Price: ₹135
- Listing
Price: ₹81
- Loss:
–40%
- Reason:
Weak fundamentals, poor subscription
- Nukleus
Office Solutions
- Issue
Price: ₹234
- Listing
Price: ₹183.35
- Loss:
–21.6%
- Reason:
Cautious business outlook
- Shreenath
Paper Products
- Issue
Price: ₹44
- Listing
Price: ₹35.20
- Loss:
–20.0%
- Reason:
Sector struggles, lackluster demand
- Retaggio
Industries
- Issue
Price: ₹25
- Listing
Price: ₹21.20
- Loss:
–15.2%
- Reason:
Poor post-listing investor interest
- ATC
Energies Systems
- Issue
Price: ₹118
- Listing
Price: ₹101.65
- Loss:
–13.9%
- Reason:
Sector volatility, profit-booking
Top 5 Gainers & Losers Table
|
Rank |
Company |
Sector |
Listing Gain/Loss (%) |
Current Price (as of Apr/Aug 2025) |
|
1 |
Quality Power Electrical Eq. |
Power Equipment Manufacturing |
+84% |
₹784 |
|
2 |
Tejas Cargo India Ltd |
Logistics |
+66% |
₹279 |
|
3 |
Grand Continent Hotels |
Hospitality |
+59% |
₹147.10 |
|
4 |
Ather Energy Ltd |
Electric Vehicles |
+30% |
₹418 |
|
5 |
Rikhav Securities |
Financial Services (Brokerage) |
+90% |
– |
|
PDP Shipping & Projects |
Logistics |
–40% |
– |
|
|
Nukleus Office Solutions |
Business Services (Misc.) |
–21.6% |
– |
|
|
Shreenath Paper Products |
Paper Manufacturing |
–20% |
– |
|
|
Retaggio Industries |
Retail (Apparel) |
–15.2% |
– |
|
|
ATC Energies Systems |
Energy Services |
–13.9% |
– |
Trends, Sector Insights & How to Invest
- Booming
Sectors: Electricals, logistics, hospitality, financial services, and
electric vehicles have led high-performing IPOs thanks to solid
fundamentals.
- Lagging
Sectors: Paper, business services, and energy solutions saw weaker
listings — signifying the vitality of research beyond oversubscription
hype.
- SMEs
Outperform: SME platforms recorded massive oversubscription and strong
listing gains, while mainboard IPOs had mixed results.
- Strategy:
Focus on strong earnings growth, market leadership, and sector positive
trends rather than just subscription figures or celebrity brands.
Conclusion
2025’s Indian IPO market demonstrates that robust
fundamentals, sector momentum, and smart investor research are key to picking
blockbuster winners — not falling for overhyped duds. As India gears up for
headline listings (such as Ather Energy and Reliance Jio), disciplined
selection and post-listing monitoring can deliver outstanding rewards.
Disclaimer: This post is for informational and
educational purposes only. Please conduct thorough research before making
investment decisions. Past performance does not guarantee future returns.
