2025 IPOs So Far: The Top Gainers And Top Losers In The IPO Game

The Indian IPO market in 2025 has been off to a promising start, with several high-profile IPOs attracting significant investor attention. Notable among these were the recently closed IPOs or listings of Stallion India Fluorochemicals Limited, Laxmi Dental Ltd., and Kabra Jewels, each reflecting unique market dynamics. 

This blog looks deeply into the performance of these recently listed IPOs. Furthermore, it highlights the best and worst performers or the IPO hits and misses of 2025 while analysing the risks associated with IPO investing.

The Stallion India IPO: A Detailed Analysis

Stallion India Fluorochemicals Limited launched its IPO on January 16, 2025, closing on January 20, 2025. The IPO comprised a fresh issue of ₹160.73 crores and an offer for sale amounting to ₹38.72 crores, bringing the total value to ₹199.45 crores. The shares were priced within a band of ₹85 to ₹90, with retail investors required to make a minimum investment of ₹14,850.

By the end of Day 1, the Stallion India IPO was subscribed 2.11 times overall, with robust interest from retail investors (3.25 times subscription). However, qualified institutional buyers (QIBs) had yet to participate actively by the close of the first day. On the grey market, the IPO generated considerable buzz, with a premium of ₹48, indicating an expected listing price of ₹138, a 53.33 per cent gain over its issue price.

The proceeds from Stallion India’s IPO were allocated towards meeting working capital needs, establishing a semiconductor and specialty gas facility in Maharashtra, and developing a refrigerant facility in Andhra Pradesh. These strategic investments aim to fortify the company’s market position in the fluorochemical industry.

Laxmi Dental Ltd.: A Phenomenal Oversubscription

Laxmi Dental Ltd. emerged as one of the most oversubscribed IPOs in recent history, receiving bids 112 times its offer size. The strong demand underlined the investor confidence in the company’s robust business model and growth prospects. The IPO allotment, finalised on January 16, 2025, showcased the immense potential of niche industries in the Indian equity market.

Kabra Jewels: A Glittering Success

Kabra Jewels, an SME IPO, saw remarkable interest from investors, achieving full subscription on its opening day, January 15, 2025. The IPO was priced between ₹121 and ₹128 per share, and the company aimed to raise ₹40 crores through the fresh issuance of shares. With its strong brand equity and appeal to retail investors, Kabra Jewels’ successful listing underscored the growing relevance of small and medium enterprises in the IPO ecosystem. 

So, if you were to open free demat account and check for these stocks, you might find how they are doing in terms of listing gains. 

IPO Investing Risks: Navigating The Uncertainties

Investing in Initial Public Offerings (IPOs) can be an exciting prospect, offering the chance to get in on the ground floor of potentially high-growth companies. However, it is crucial to recognise that IPOs are not without risks. Here is a closer look at some key risks investors should be aware of. 

These risks are explained as follows:

Market Volatility

The stock market is inherently volatile, and IPO stocks are particularly susceptible to price swings, especially in their early days of trading. Exuberant market sentiment can drive prices up significantly, while negative news or broader market downturns can lead to rapid declines. This volatility can make it challenging to time your entry and exit points, potentially leading to losses if not managed carefully.

Lack of Historical Data

The lack of historical data can be one of the most challenging factors of the upcoming IPOs. Unlike established companies with years of publicly available financial data, IPOs often have a limited track record. This makes it difficult to assess their long-term financial stability, profitability, and growth prospects. Investors may have to rely on projections and forecasts, which can be unreliable. This lack of historical data adds an element of uncertainty to IPO investing.

Overvaluation

The hype surrounding some IPOs can lead to overvaluation. Driven by high expectations and market enthusiasm, IPO prices may be inflated, exceeding the company’s intrinsic value. This can result in losses for investors who buy at the inflated price and subsequently see the stock price correct downwards as the initial hype subsides.

Lock-In Periods

Some IPOs come with lock-in periods, which restrict certain investors, such as promoters or pre-IPO investors, from selling their shares for a specified duration. This can limit liquidity and make it difficult to exit your investment if desired. It is essential to understand the lock-in period restrictions before investing in an IPO.

What are the ways to mitigate the risks of IPO investing?

While IPOs carry inherent risks, investors can take steps to mitigate them. The following steps can help investors mitigate risk in the upcoming IPOs.

  • Thorough Research

Conduct comprehensive research on the company, its financials, management team, and industry. You need not rely solely on the IPO prospectus; seek independent information and analysis.

  • Realistic Expectations

Avoid getting caught up in the IPO hype. You can evaluate the company’s fundamentals and growth prospects objectively.

  • Diversification

Do not put all your eggs in one basket. You can diversify your portfolio across different asset classes and sectors to reduce overall risk.

  • Long-Term Perspective

IPOs can be volatile in the short term. So, if you are aiming just at listing gains, you need to proceed with caution. You can consider investing with a long-term perspective to ride out market fluctuations.

  • Consult a Financial Advisor

If you are unsure about IPO investing, seek guidance from a qualified financial advisor who can assess your risk tolerance and provide personalised advice.

By understanding the risks involved and taking a cautious approach, investors can navigate the IPO market more effectively and make informed investment decisions.

Let us learn more from the IPO performers (hits and misses) of 2025:

The year has seen a mixed bag of performances in the IPO market. Companies like Stallion India and Laxmi Dental have delivered impressive gains to their investors thanks to their strong fundamentals and strategic growth plans. On the other hand, a few IPOs struggled due to weak demand or unfavourable market conditions, highlighting the importance of careful selection and due diligence.

Conclusion

It is essential to stay in touch with the news and company highlights as you navigate through the world of IPO investing. The IPO market in the year 2025 has demonstrated resilience and growth, with a strong pipeline of upcoming listings promising further opportunities. However, investors need to remain vigilant about the associated risks and base their decisions on comprehensive research and analysis. As the year progresses, the performance of recently listed IPOs will continue to serve as a barometer for market sentiment and investor confidence.

Recent Articles