2025 IPO Scorecard: 290% Monster Gains to 56% Wipeouts – Who’s Winning & Who’s Bleeding?
Mumbai, December 1, 2025 – With the 2025 IPO season in full swing, the performance table is nothing short of a roller-coaster. From triple-digit multibaggers to painful 50%+ crashes, here are the biggest winners and losers so far.
Top 10 Best Performing IPOs of 2025 (Current Gains from Issue Price)
- Purple United Sales → +290.32% (₹126 → ₹491.80)
- Ganesh Infraworld → +162.65% (₹83 → ₹218)
- Sai Life Sciences → +60.66% (₹549 → ₹882)
- Vishal Mega Mart → +74.10% (₹78 → ₹135.80)
- Sudeep Pharma → +30.16% (₹593 → ₹771.85)
- Inventurus Knowledge Solutions → +26.59% (₹1,329 → ₹1,682)
- Agarwal Toughened Glass → +27.78% (₹108 → ₹138)
- Tenneco Clean Air (Tennind) → +22.28% (₹397 → ₹485.45)
- Pine Labs → +12.66% (₹221 → ₹248.97)
- Emerald Tyre → +10.42% (₹95 → ₹104.90)
Top 10 Worst Performing IPOs of 2025 (Current Losses from Issue Price)
- Supreme Facility Management → -56.32% (₹76 → ₹33.20)
- Dhanlaxmi Crop Science → -39.09% (₹55 → ₹33.50)
- Suraksha Diagnostic → -33.05% (₹441 → ₹295.25)
- One MobiKwik → -16.70% (₹279 → ₹232.40)
- Fujiyama Power (UtlSolar) → -8.42% (₹228 → ₹208.80)
- Excelsoft Technologies → -1.05% (₹120 → ₹118.74)
- Billionbrains Garage → -21.33% (₹417 → ₹328)
- HDB Financial → -12.1% (₹740 → ₹650+)
- NTPC Green → -9% (₹108 → ₹98+)
- Mamata Machinery → -7% (₹243 → ₹226)
Key Takeaways from 2025 IPO Season So Far
- SME board is the real casino: Purple United (+290%), Ganesh Infraworld (+162%) – pure lottery tickets turned multibaggers
- Mainboard reality check: Even ₹1,000+ crore issues like Sai Life (+60%) and Inventurus (+26%) are holding strong, but several high-profile names (MobiKwik, Suraksha) are deep in red
- Listing pop ≠ long-term gain: Many 50–100% debut pops have given back everything (and more) within weeks
The verdict? 2025 IPOs remain a high-stakes game: a few life-changing winners, but plenty of painful traps.
