Story perspectives

India's IPO Market Cools: Median Drops to 2.9%

10/28/2025

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Summary

Story summary

In 2025, India's IPO market cooled, with one-month post-listing median at 2.9% vs 22% in 2024.
About 40% of listings traded below offer price, and over 80 companies raised more than $15 billion.
Investors favor firms with strong fundamentals and reasonable valuations, and Glottis Ltd. and BMW Ventures Ltd. declined.
LG Electronics India Ltd. rose 45%, and discipline is improving ahead of Lenskart Solutions Ltd. and Billionbrains Garage Ventures Ltd.

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Story summary

In 2025, India's IPO market cooled, with one-month post-listing median at 2.9% vs 22% in 2024.
About 40% of listings traded below offer price, and over 80 companies raised more than $15 billion.
Investors favor firms with strong fundamentals and reasonable valuations, and Glottis Ltd. and BMW Ventures Ltd. declined.
LG Electronics India Ltd. rose 45%, and discipline is improving ahead of Lenskart Solutions Ltd. and Billionbrains Garage Ventures Ltd.