Best IPOs and Worst IPOs - SME & Mainboard - 2025
Visit FAQsThe best performing and worst performing SME & Mainboard IPOs in 2025. This IPO screener table also looks at the subscription status, current gains, listing gains, and issue size.
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Listing day open Analysis - 2025
| No. of Stocks Listed in Profit | 268 (71.3%) |
| No. of Stocks Listed in Loss | 108 (28.7%) |
| Avg Listing Gains | 10.6% |
In 2025, 268 stocks opened on listing day in profit and 108 opened in loss, with an average listing gain of 10.56%.
Listing day close Analysis - 2025
| No. of Stocks Closed in Profit | 242 (64.4%) |
| No. of Stocks Closed in Loss | 134 (35.6%) |
| End of Listing Day Avg Gain | 11.4% |
In 2025, at listing day close, 242 stocks were profitable and 134 were in loss, with an average EOD gain of 11.35%.
IPO Till Date Analysis - 2025
| No. of Stocks in Profit | 179 (47.6%) |
| No. of Stocks in Loss | 197 (52.4%) |
| Average returns till date | 22.1% |
Out of all IPOs that listed in 2025, 179 stocks are in profit and 197 in loss till date, reflecting an overall average gain of 22.13%.
| Admach Systems | 380.1 | 257.4 | 31 Dec 25 | 42.6 Cr | ₹ 239 | 0.8x | 12.3x | 4.9x | 4.0x | 191.2 | 200.8 | -20.0% | +59.0% |
| Nanta Tech | 407.6 | 209.1 | 31 Dec 25 | 31.8 Cr | ₹ 220 | 6.0x | 10.9x | 3.9x | 6.0x | 234.0 | 245.7 | +6.4% | +85.3% |
| Apollo Techno Industries | 120.0 | 164.3 | 31 Dec 25 | 48.0 Cr | ₹ 130 | 13.4x | 130.7x | 59.6x | 47.1x | 145.0 | 151.9 | +11.5% | -7.7% |
| BaiKakaji Polymers | 239.8 | 513.4 | 31 Dec 25 | 105.2 Cr | ₹ 186 | 4.2x | 10.9x | 4.7x | 5.4x | 190.0 | 188.2 | +2.1% | +28.9% |
| Dhara Rail Projects | 138.0 | 208.2 | 31 Dec 25 | 50.2 Cr | ₹ 126 | 37.8x | 264.9x | 129.5x | 104.0x | 150.0 | 157.5 | +19.1% | +9.5% |
| Gujarat Kidney and Super | 134.4 | 1059.5 | 30 Dec 25 | 250.8 Cr | ₹ 114 | 1.1x | 5.7x | 19.0x | 5.2x | 120.0 | 104.5 | +5.3% | +17.9% |
| Shyam Dhani Industries | 63.5 | 131.2 | 30 Dec 25 | 38.5 Cr | ₹ 70 | 135.9x | 2146.4x | 1509.2x | 918.1x | 133.0 | 139.7 | +90.0% | -9.3% |
| Dachepalli Publishers | 77.2 | 115.7 | 30 Dec 25 | 40.4 Cr | ₹ 102 | 0.7x | 4.5x | 2.5x | 1.9x | 81.6 | 79.2 | -20.0% | -24.3% |
| EPW | 240.0 | 275.5 | 30 Dec 25 | 31.8 Cr | ₹ 97 | 0.6x | 2.5x | 1.7x | 1.3x | 111.0 | 116.5 | +14.4% | +147.4% |
| Sundrex Oil Company | 27.5 | 36.8 | 30 Dec 25 | 32.3 Cr | ₹ 86 | 0.0x | 2.8x | 3.0x | 1.5x | 68.8 | 65.4 | -20.0% | -68.0% |
| MARC Technocrats | 131.2 | 227.1 | 24 Dec 25 | 42.6 Cr | ₹ 93 | 0.2x | 28.4x | 14.4x | 9.4x | 74.4 | 70.7 | -20.0% | +41.0% |
| Global Ocean Logistics | 115.9 | 167.4 | 24 Dec 25 | 30.4 Cr | ₹ 78 | 2.5x | 39.7x | 15.8x | 12.8x | 79.2 | 79.3 | +1.5% | +48.6% |
| KSH International | 899.9 | 6097.3 | 23 Dec 25 | 644.5 Cr | ₹ 384 | 1.1x | 0.4x | 0.9x | 0.8x | 370.0 | 355.0 | -3.6% | +134.3% |
| Neptune Logitek | 33.1 | 45.4 | 22 Dec 25 | 46.6 Cr | ₹ 126 | - | 0.4x | 2.8x | 1.6x | 100.8 | 95.8 | -20.0% | -73.7% |
| ICICI Prudential Asset | 3072.8 | 151875.8 | 19 Dec 25 | 10602.6 Cr | ₹ 2165 | 123.9x | 22.0x | 2.5x | 39.2x | 2600.0 | 2585.9 | +20.1% | +41.9% |
| Ashwini Container Movers | 189.0 | 283.5 | 19 Dec 25 | 71.0 Cr | ₹ 142 | 0.7x | 5.2x | 1.5x | 1.7x | 147.0 | 140.1 | +3.5% | +33.1% |
| Exim Routes | 109.1 | 204.6 | 19 Dec 25 | 43.7 Cr | ₹ 88 | 10.1x | 30.3x | 13.2x | 14.2x | 110.0 | 115.5 | +25.0% | +24.0% |
| Stanbik Agro | 27.9 | 37.2 | 19 Dec 25 | 12.3 Cr | ₹ 30 | - | 1.3x | 1.6x | 1.5x | 31.8 | 33.3 | +5.8% | -7.0% |
| Pajson Agro | 192.0 | 457.1 | 18 Dec 25 | 74.5 Cr | ₹ 118 | 5.7x | 9.6x | 5.1x | 6.1x | 124.0 | 130.2 | +5.1% | +62.7% |
| HRS Aluglaze | 250.1 | 482.1 | 18 Dec 25 | 50.9 Cr | ₹ 96 | 13.2x | 97.6x | 59.3x | 42.0x | 126.0 | 132.3 | +31.3% | +160.5% |
| Park Medi World | 292.3 | 12623.2 | 17 Dec 25 | 920.0 Cr | ₹ 162 | 11.5x | 15.2x | 3.2x | 8.1x | 158.8 | 147.9 | -2.0% | +80.4% |
| Nephrocare Health Services | 694.1 | 6965.1 | 17 Dec 25 | 871.0 Cr | ₹ 460 | 27.5x | 24.3x | 2.3x | 14.0x | 490.0 | 471.3 | +6.5% | +50.9% |
| Shipwaves Online | 2.9 | 41.2 | 17 Dec 25 | 56.4 Cr | ₹ 12 | - | 0.4x | 2.8x | 1.6x | 12.0 | 11.4 | 0.0% | -75.8% |
| Unisem Agritech | 52.0 | 58.9 | 17 Dec 25 | 21.4 Cr | ₹ 65 | 0.9x | 2.9x | 3.0x | 2.0x | 65.0 | 61.8 | 0.0% | -20.0% |
| Corona Remedies | 2058.8 | 12591.6 | 15 Dec 25 | 655.4 Cr | ₹ 1062 | 278.5x | 208.9x | 28.7x | 137.0x | 1470.0 | 1438.4 | +38.4% | +93.9% |
FAQ
An initial public offering (IPO) is a procedure by which private companies sell their shares to public investors through a book-building process. Investors will bid to buy shares within a price band, and based on the highest number of bids received at a particular price, the issue price will be determined.
QIBs are the registered institutional investors that directly apply in the Qualified Institutional Bidders category.
HNIs are investors who apply for shares in an IPO worth above Rs 2 lakh and come under non individual investor (or HNI) category.
Retail investors are individuals who apply for shares less than Rs 2 lakh in an IPO.
Investors should have a demat account with their broker. If you have a demat account, you can look for the IPO section in your demat account and select the company in which you want to invest in. Based on the amount you bid for, you will be classified either as a retail or HNI investor. Remember, the value of the shares for which you have placed bids in an IPO will be blocked from your account till the allotment of shares is completed. If you are allotted shares in the IPO, then any balance amount will be unblocked or credited into your account.
The IPO allotment process depends on the category of investors:
- Retail Individual Investor (RII) Category Retail investors can bid for shares up to ₹2,00,000. Shares are allotted through a lottery system if the IPO is oversubscribed in this category. Each eligible applicant has an equal chance of receiving at least one lot, regardless of when the application was submitted, provided the application is valid.
- High Net-Worth Individual (HNI) Investors who bid for shares worth more than ₹2,00,000 fall under this category. Allotment in the HNI category is done on a proportionate basis, i.e., in proportion to the amount of the bid. For example, if you apply for 1% of the total shares available in this category, you will receive 1% of the shares allotted to HNIs.
General Notes:
- Oversubscription: If an IPO is heavily oversubscribed, the chances of allotment in the RII category decrease, and it is purely based on a random lottery.
- Application Modes: Investors can apply through ASBA (Applications Supported by Blocked Amount) via their banks or through online platforms provided by brokers.