The post-listing performance of IPOs launched in October and November 2025 has turned sharply negative, with a majority of newly listed stocks now trading well below their issue prices. From logistics and agriculture to technology, FMCG and renewable energy, the sell-off has been broad-based, leaving retail investors with heavy losses within weeks of listing.
October IPOs: Deep Damage Across Sectors
Several October listings witnessed steep erosion in value after their market debut:
Glottis Limited crashed from an issue price of ₹129 to around ₹57, recording a massive 55.46% fall — the worst performer across both months.
Gurunanak Agriculture India Limited plunged 53.33%, slipping from ₹75 to ₹35.
BMW Ventures Limited fell 38.23%, dropping from ₹99 to ₹61.15.
Om Freight Forwarders Limited declined 34.81%, sliding from ₹135 to ₹88.
WeWork India Management Limited, which debuted at ₹648, is now down 8.34%, trading near ₹593.95.
TruAlt Bioenergy Limited, after a brief post-listing rise, is now down 20.16% from its issue price.
Jinkushal Industries Limited and Pace Digitek Limited are also trading 9.26% and 8.15% lower than their respective issue prices.
November IPOs: Losses Continue, Pressure Persists
The weakness extended into November listings as well, with several stocks slipping sharply after debut:
Excelssoft Technologies Limited is down 25.84% from its issue price.
Finbud Financial Services Limited has declined 19.01%.
Orkla India Limited is trading 16.18% lower than its issue price.
Shreeji Global FMCG Limited has dropped 14.64%.
Studds Accessories Limited is down 10.63%.
Fujiyama Power Systems Limited (UTLSOLAR) has slipped 11.84%.
Curis Lifesciences Limited and Emmvee Photovoltaic Power Limited are trading 8.59% and 7.29% lower, respectively.
From Listing Buzz to Heavy Losses
Across both months, several stocks that showed early stability or minor post-listing gains failed to sustain higher levels and later slipped deep into the red. The combined data shows that most October and November IPOs are now delivering negative returns, with losses stretching from single digits to over 50%.
Clear Trend: IPO Optimism Gives Way to Caution
The October–November performance clearly reflects a sharp shift in investor sentiment, where post-listing selling pressure dominated across sectors. The twin-month data signals that listing gains are no longer guaranteed, and investor capital has faced rapid erosion in many newly listed counters.
