Nearly half of the listings of FY25, or 34 companies, ended the fiscal year below their issue price. While 10 stocks debuted at a discount and stayed below their issue price through the year, while the remaining 24 opened higher but later wiped out all gains
A total of 78 companies went public during the year, collectively raising over Rs1.6 lakh crore.
The relentless market selloff since September last year has eroded gains of nearly half of the newly listed companies, sending them below their issue price, souring the primary market sentiment after last year’s flurry of IPOs that had seen robust fund raising.
A total of 78 companies went public during the last fiscal year, collectively raising over Rs 1.6 lakh crore, riding on strong market conditions in the first half of the year, a rising investor confidence, and a shift toward larger-sized listings. Of these, shares of 34 companies ended FY25 below their issue price, 10 stocks debuted at a discount and stayed below their issue price through the year, while the remaining 24 opened higher but later wiped out all gains.
Among the biggest laggards, Godavari Biorefineries led the fall, plunging over 58 percent from its issue price, followed by Carraro India and Western Carriers India, both trading 56 percent below their issue price
