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Half of New IPOs Trade Below Issue Price in India
13 Dec
Summary
- Nearly half of 97 companies that went public are trading below issue price.
- Gem Aromatics and Glottis Ltd lead draggers, trading significantly below IPO price.
- India Inc. raised over ₹1.83 lakh crore in 2025 through 97 IPOs.
The Indian stock market is seeing a significant number of companies that recently went public trading below their initial offering price. Data indicates that approximately 47 out of 97 companies that debuted on the exchanges between January 1 and December 11, 2025, are currently valued lower than their IPO price.
This trend has sparked concerns regarding the aggressive pricing of these new-age businesses, especially amidst abundant market liquidity. Gem Aromatics and Glottis Ltd. are noted as major underperformers, trading significantly below their issue prices, alongside other large corporate offerings like JSW Cement and Kalpataru.
Despite these market headwinds, the IPO pipeline remains robust, with potential offerings valued at approximately ₹1.82 lakh crore for the upcoming year. Industry experts emphasize the need for investors to be discerning, focusing on fundamental strengths and realistic growth projections rather than expecting immediate listing gains.
