Closed IPOs 2025
371 mainboard & sme IPOs in 2025: 0 open for bidding, 0 upcoming and 371 closed. In 2025, 223 of 361 listed IPOs opened above the issue price , led by Indobell Insulation IPO at +90.0%.
Last updated
- IPOs in 2025
- 371
- 106 Mainboard · 265 SME
- Funds raised
- ₹2,04,943 Cr
- Total issue size
- Listed in profit
- 62%
- 223 of 361 listings
- Avg. listing gain
- +10.6%
- Median +3.3%
- Avg. subscription
- 73.47x
- Across all categories
IPO list
| Company | Dates | Price band | Issue size | Subs. | GMP / Listing | Status |
|---|---|---|---|---|---|---|
| Om Metallogic IPO SME BSE · Trading | – | ₹86 | ₹22.35 Cr | 1.52x | -1.2% | Listed |
| Chiraharit IPO SME BSE · Power and Energy | – | ₹21 | ₹31.07 Cr | 3.90x | -20.0% | Listed |
| Vijaypd Ceutical IPO SME NSE · Healthcare | – | ₹35 | ₹19.25 Cr | 1.43x | 0.0% | Listed |
| Om Freight Forwarders IPO Mainboard BSE,NSE · Logistics | – | ₹128–135 | ₹122.31 Cr | 3.87x | -39.6% | Listed |
| Glottis IPO Mainboard NSE,BSE · Logistics | – | ₹120–129 | ₹307 Cr | 2.05x | -34.9% | Listed |
| KVS Castings IPO SME BSE · Trading | – | ₹53–56 | ₹28 Cr | 2.93x | +18.4% | Listed |
| Ameenji Rubber IPO SME BSE | – | ₹95–100 | ₹30 Cr | 0.29x | +1.0% | Listed |
| M P K Steels IPO SME BSE | – | ₹75–79 | ₹25.74 Cr | 1.60x | +1.3% | Listed |
| Pace Digitek IPO Mainboard BSE,NSE · Trading | – | ₹208–219 | ₹819.15 Cr | 1.59x | +2.7% | Listed |
| Rukmani Devi Garg Agro Impex IPO SME BSE | – | ₹93–99 | ₹24 Cr | 29.68x | -20.0% | Listed |
| Manas Polymers IPO SME NSE · Trading | – | ₹76–81 | ₹23.52 Cr | 1.29x | +90.0% | Listed |
| DSM Fresh Foods IPO SME BSE · Retailing | – | ₹96–101 | ₹59.65 Cr | 1.33x | 0.0% | Listed |
| Bhavik Enterprises IPO SME BSE | – | ₹140 | ₹77 Cr | 1.12x | +2.1% | Listed |
| Telge Projects IPO SME BSE · Construction Materials | – | ₹95–105 | ₹27.24 Cr | 2.16x | +3.0% | Listed |
| Jinkushal Industries IPO Mainboard BSE,NSE · Trading | – | ₹115–121 | ₹116.15 Cr | 65.10x | +3.3% | Listed |
| Chatterbox Technologies IPO SME BSE · Media & Entertainment | – | ₹110–115 | ₹43 Cr | 36.52x | +17.4% | Listed |
| Gujarat Peanut IPO SME BSE | – | ₹80 | ₹24 Cr | 8.00x | -20.0% | Listed |
| Trualt Bioenergy IPO Mainboard BSE,NSE | – | ₹472–496 | ₹839 Cr | 71.92x | +10.0% | Listed |
| Earkart IPO SME BSE · Healthcare | – | ₹135 | ₹49.26 Cr | 1.33x | +0.4% | Listed |
| BMW Ventures IPO Mainboard BSE,NSE · Trading | – | ₹94–99 | ₹231.66 Cr | 1.50x | -21.2% | Listed |
| Epack Prefab Technologies IPO Mainboard BSE,NSE · Plastic Products | – | ₹194–204 | ₹504 Cr | 3.07x | -9.9% | Listed |
| Justo Realfintech IPO SME BSE | – | ₹120–127 | ₹63 Cr | 4.65x | -0.1% | Listed |
| Jain Resource Recycling IPO Mainboard BSE,NSE | – | ₹220–232 | ₹1,250 Cr | 15.90x | +14.3% | Listed |
| Gurunanak Agriculture IPO SME NSE | – | ₹75 | ₹28.80 Cr | 1.77x | -20.0% | Listed |
| Systematic Industries IPO SME BSE · Iron & Steel | – | ₹185–195 | ₹115.60 Cr | 4.39x | -0.6% | Listed |
GMP / Listing shows the grey market premium (as % of the upper price band) until listing, then the listing-day gain.
IPO activity, last 12 months
347 IPOs opened in the last 12 months. The busiest month was September 2026 with 86 issues.
How 2025 IPOs listed
Listing-day gain for 361 IPOs that listed in 2025. The weakest debut was Arunaya Organics IPO at -48.1%.
| Below −10% | 57 | 16% |
|---|---|---|
| −10% to 0 | 49 | 14% |
| 0 to 10% | 128 | 35% |
| 10 to 50% | 92 | 25% |
| Above 50% | 35 | 10% |
Listing gain = listing-day open price vs upper price band.
Browse IPOs by year
IPO list: FAQs
- How many IPOs are listed on IPO Master?
- IPO Master tracks 371 Mainboard and SME IPOs, including 0 open for bidding and 0 upcoming. Each IPO has its own page with price band, lot size, subscription, GMP, allotment and listing details.
- How many IPOs have come in 2025?
- 371 IPOs have opened in 2025 so far (106 Mainboard and 265 SME), raising about ₹2,04,942.88 Cr. Of the 361 that have listed, 223 listed above the issue price.
- What is the difference between Mainboard and SME IPOs?
- Mainboard IPOs list on the main NSE and BSE platforms and allow retail applications from one lot (about ₹15,000). SME IPOs list on NSE Emerge or BSE SME, are smaller issues, and need a minimum application of more than ₹2 lakh for individual investors. SME IPOs tend to be more volatile on listing.
- What do the IPO statuses mean?
- Upcoming IPOs have announced dates but have not opened. Open (ongoing) IPOs are accepting bids. Closed IPOs have finished bidding and are awaiting allotment or listing. Listed IPOs are trading on the exchange.
- How is the listing gain calculated?
- Listing gain is the difference between the listing-day opening price and the upper end of the price band, as a percentage of the upper price band.
IPO details are compiled from offer documents and NSE/BSE data. GMP is an unofficial indicator. For information only; not investment advice.