Summary of this article
In 2025 so far, 100 mainboard companies have raised about Rs 1.64 lakh crore through IPOs.
Of these, 51 stocks are trading above their issue price, while 49 are below it.
Stallion India Fluorochemicals is the best-performing mainboard IPO of 2025 to date.
As many as 100 mainboard companies have raised about Rs 1.64 lakh crore through initial public offerings (IPOs), making it one of the busiest years for IPOs in recent times. Of the mainboard IPOs that listed this year, 51 stocks are currently trading above their issue price, while 49 are in the red, according to data compiled by Trendlyne.
As many as 80 IPOs debuted with gains, while 20 opened below their issue price. By the close of the listing day, 69 stocks managed to hold on to gains, whereas 31 ended the session in negative territory.
A closer look at the numbers shows that only a limited set of IPOs delivered meaningful wealth creation.
The following are the top 10 IPOs that delivered the highest returns so far in 2025:
Stallion India Fluorochemicals
Stallion India Fluorochemicals emerged as the best-performing mainboard IPO of 2025. The stock was issued at Rs 90 per share and listed on January 23 at Rs 120. From its issue price, the stock has surged nearly 154 per cent. Its last trading price, as of December 12, was Rs 228.50 per share.
Aditya Infotech
Aditya Infotech too rewarded investors with strong post-listing gains. Issued at Rs 675, the stock made its market debut at Rs 1,018 on August 5. From its issue price, it has surged over 130 per cent.
Ather Energy
Ather Energy, one of the most closely-watched IPOs of 2025, also delivered strong returns. The stock gained about 101 percent over its issue price of Rs 321. It had debuted on May 6 at Rs 328, offering a modest gain on the day of listing.
Belrise Industries
Belrise Industries delivered healthy listing gains in a volatile market environment. From an issue price of Rs 90, the stock posted returns of nearly 78 per cent. It had listed on May 28 at Rs 100 per share.
Prostarm Info Systems
Prostarm Info Systems saw a steady post-listing performance. Issued at Rs 105, the stock has delivered returns of close to 70 per cent. The stock had listed on June 3, at Rs 120 per share.
Quality Power Electrical Equipments
Quality Power Electrical Equipments has advanced over 65 per cent from its issue price of Rs 425. It had debuted at Rs 430 on February 24.
Jain Resource Recycling
Jain Resource Recycling has gained around 65 per cent over its issue price of Rs 232. It had listed on October 1 at Rs 265 apiece.
Anlon Healthcare
Anlon Healthcare posted steady gains post listing. From an issue price of Rs 91, the stock has advanced over 56 per cent. The healthcare stock made its debut on September 3 at Rs 92 per share.
Meesho
Meesho’s much-anticipated IPO also made it to the top ten performers. The e-commerce firm’s shares has delivered returns of nearly 49 per cent from its issue price of Rs 111. It had listed at Rs 162.50 apiece on December 10.
Billionbrains Garage Ventures
Billionbrains Garage Ventures, the parent company of investment platform Groww secured the 10th place on this list. Issued at Rs 100, the stock has delivered returns of just over 45 per cent from its issue price. It had listed on November 12 at Rs 112 per share.
