
India’s Biggest IPOs of 2025: A Comprehensive Review of Pre and Post-Listing Performance
The Indian stock market has witnessed a flurry of initial public offerings (IPOs) in 2025, with several big-ticket issues making headlines. As IPO news continues to dominate the market, it’s essential to take a step back and assess the performance of these high-profile issues. In this article, we’ll delve into the pre and post-listing performance of the biggest IPOs of 2025, including Tata Capital, LG Electronics, HDB Financial Services, Hexaware Technologies, NSDL Ltd., JSW Cement, and Schloss Bangalore.
Tata Capital: The Biggest IPO of 2025
Tata Capital’s listing on Monday marked the end of India’s biggest IPO in 2025, with the company raising a staggering Rs 15,511 crore. This issue has been keenly watched by investors and market analysts, given its massive size and the company’s reputation in the Indian financial services sector. As we look back at the biggest IPOs of the year, it’s clear that Tata Capital’s issue has set a new benchmark for future listings.
HDB Financial Services: A Mixed Bag
Discounting LG Electronics and Tata Capital, the biggest issue in primary markets this year was HDB Financial Services, which raised Rs 12,500 crore in early July and was subscribed 17 times. However, after listing at a premium of around 13%, HDB Financial Services shares have given below-par returns, falling 13% and trading near all-time lows of Rs 731.
Hexaware Technologies: A Disappointing Performance
After HDB Financial Services, the second biggest IPO was Hexaware Technologies, which raised Rs 8,750 crore with a final subscription of 2.79 times. The stock got listed in February with a premium of 5%. However, the stock has since fallen more than 7%, leaving investors disappointed.
NSDL Ltd.: A Bright Spot
The next stock in focus is NSDL Ltd., which raised Rs 4,010 crore with a final subscription of 41 times. The stock got listed in August with a premium of 10%. And in a break from trend, the stock is up more than 26% since listing, making it the best performing counter among the biggest IPOs in 2025.
JSW Cement and Schloss Bangalore: A Mixed Performance
The remaining two IPOs in focus are JSW Cement and Schloss Bangalore as they raised Rs 3,600 and Rs 3,500 respectively and were subscribed 8.22 and 4.72 times. JSW Cement listed at a premium of 4.4% and since then, the stock has tumbled more than 5%. Schloss Bangalore, too, hasn’t performed all too well. The company, which operates the Leela Hotels chain, saw its shares list at a 7% discount, and since then, the stock has given a little over 3%.
Conclusion
In conclusion, the biggest IPOs of 2025 have had a mixed performance, with some issues like NSDL Ltd. performing well, while others like HDB Financial Services and Hexaware Technologies have disappointed investors. As the Indian stock market continues to evolve, it’s essential for investors to stay informed and up-to-date with the latest IPO news and trends. By doing so, they can make informed investment decisions and navigate the complexities of the market with confidence.
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