2025 IPO Extravaganza: 217 Debuts Deliver 20% Avg Returns, Anondita Medicare Rockets 569% in Stellar Year
Mumbai, December 31, 2025 – As the curtain falls on a transformative 2025 for Indian capital markets, IPO activity hit fever pitch with 217 fresh listings across BSE and NSE, raising over ₹1.5 lakh Cr and underscoring robust domestic investor appetite amid economic rebound and easing rates. From July’s tentative starts to December’s frenzy—including today’s Dhara Rail Projects debut—the average listing day pop clocked in at a healthy 12.7%, while year-to-date returns (as of Dec 31 close) averaged an impressive 19.6%, outpacing benchmarks despite mid-year volatility from global yields and monsoons.
SME boards stole the show, accounting for 65% of issues, with consumer, healthcare, and infra themes dominating. Blockbuster debuts like Shyam Dhani Industries (100% listing surge) set the tone, but sustained performers in medtech and renewables shone brightest. Laggards, hit by sector headwinds, averaged -40% drawdowns, reminding of risks in over-hyped small-caps. Overall, 62% of IPOs traded above issue price, with FIIs channeling ₹45,000 Cr into new-age plays.
Top 5 IPO Multibaggers (LTP Returns as of Dec 31)
These standouts turned modest issues into wealth creators, fueled by order wins and festive tailwinds:
| Rank | Company Name | Symbol | Issue Price (₹) | LTP (₹) | YTD Return (%) |
|---|---|---|---|---|---|
| 1 | Anondita Medicare Limited | ANONDITA | 45.00 | 309.45 | 569 |
| 2 | Tankup Engineers Limited | TANKUP | 120.00 | 612.00 | 404 |
| 3 | Sacheerome Limited | SACHEEROME | 85.00 | 308.60 | 256 |
| 4 | Monolithisch India Limited | MONOLITH | 210.00 | 739.20 | 252 |
| 5 | TechD Cybersecurity Limited | TECHD | 155.00 | 488.90 | 218 |
Biggest IPO Disappointments (LTP Returns as of Dec 31)
Sectoral slumps in textiles and logistics dragged these down, with some trading at 70%+ discounts:
| Rank | Company Name | Symbol | Issue Price (₹) | LTP (₹) | YTD Return (%) |
|---|---|---|---|---|---|
| 1 | Studio LSD Limited | STUDIOLSD | 95.00 | 22.80 | -76 |
| 2 | Siddhi Cotspin Limited | SIDDHICOTS | 78.00 | 21.84 | -72 |
| 3 | ATC Energies System Limited | ATCENERGY | 145.00 | 44.55 | -69 |
| 4 | Shri Kanha Stainless Limited | SHRIKANHA | 90.00 | 28.90 | -68 |
| 5 | Arunaya Organics Limited | ARUNAYA | 112.00 | 39.20 | -65 |
Debut Day Drama: Nearly 40% of listings doubled or more on open, led by Shyam Dhani (99.5% pop) and peers like Sawaliya Food (100%), FlySBS Aviation (99%), Eppeltone Engineers (99%), and Kabra Jewels (99.5%). On the flip, Arunaya Organics cratered 46% amid agro-input glut, with Om Freight (-37%) and Glottis (-35%) following suit on weak logistics cues.
Key Themes:
- Healthcare Heroes: Nephrocare (up 1% LTP) and Anondita (569%) rode telemedicine and diagnostics boom.
- Infra Surge: Adani Enterprises’ solar arm debuted 47% higher, now at 49% gains on green energy bets.
- SME Volatility: While 70% posted positive LTPs, 30% shed over 20%, highlighting due diligence needs.
- Mega Wins: ICICI AMC (22% LTP) and Corona Remedies (31%) among large-cap standouts, drawing ₹10,000 Cr+ each.