2025 has been mixed for IPOs so far. Of the 9 mainboard public offerings that have debuted so far in the Indian exchanges, 4 are trading below their listing prices. Has India’s IPO fever cooled off, or is the market simply taking a breather before the next big wave?
With several high profile public offerings in the pipeline, let’s take a closer look at how the newly listed stocks are performing.
Indo Farm Equipment
Indo Farm Equipment made a lukewarm market debut on January 3, listing at Rs 256 on the NSE, 19% higher than its IPO price of Rs 215. On the BSE, it opened slightly stronger at Rs 258.40, a 20.19% premium.
Looking at its overall range, the stock hit a high of Rs 293.20 and a low of Rs 170.66 since its listing in the Indian bourses. At the current trading price, the stock is just 13.09% above its lowest point.
As of the latest update, Indo Farm Equipment’s market capitalisation stands at Rs 927.58 crore.
Stallion India Fluorochemicals
Stallion India Fluorochemicals made a strong debut on January 23, listing at Rs 120 on both the NSE and BSE, a 33% premium over its IPO price of Rs 90.
However, the share price of the companny has since faced a decline, currently trading at around Rs 73, a drop of 39.16% from its listing price.
In the past few days alone, it has slipped nearly 9%. The company’s highest recorded price so far is Rs 125, while its lowest stands at Rs 71.11. At its current level, the stock is just 2.66% above its lowest point.
Standard Glass Lining Technology
Standard Glass Lining Technology made a decent stock market debut on January 13, listing at Rs 176 on the BSE, a 25.7% premium over its issue price of Rs 140.
However, the share price has since declined and is currently trading at Rs 135.01, down 3.56% from its IPO price.
Over the past five days, it has slipped nearly 7%. The stock hit a high of Rs 213.80 and a low of Rs 129.61 since its listing, with its current price standing 4.17% above its lowest point. The company’s market capitalisation currently stands at Rs 2.69K crore.
Laxmi Dental
Laxmi Dental made a dazzling entry into the stock market on January 20, listing at Rs 542 on NSE, a 26.64% premium over its issue price of Rs 428. On BSE, it debuted slightly lower at Rs 528, still marking a 23.36% gain.
However, the initial excitement seems to have faded, with the stock now trading in the range of Rs 354.35, a sharp 34.61% decline from its listing price.
The shares even touched a low of Rs 344.30, coming within 1.95% of the current trading level.
Mainboard IPOs listed in 2025 so far
So far this year, nine mainboard IPOs have made their debut on the Indian stock exchanges. Among them, Denta Waters, Quadrant Future Tech, Ajax Engineering, Dr Agarwal Healthcare, and Hexaware Technologies are currently trading above their issue prices.
Meanwhile, the next major listing to watch is Quality Power IPO, which is set to hit the bourses on February 24.