The third quarter of FY 2025 witnessed a dynamic performance in the Indian IPO market, with several companies capitalising on favourable conditions to list on the stock exchanges. In this article, check the few companies that made their stock debut in Q3 FY 2025 (October – December 2024) along with their performance.
| Company Name | Security Type | Issue Start Date | Issue End Date | Price Range (₹) |
| Unimech Aerospace and Manufacturing Limited | Mainboard | December 23, 2024 | December 26, 2024 | 745 to 785 |
| Carraro India Limited | Mainboard | December 20, 2024 | December 24, 2024 | 668 to 704 |
| Senores Pharmaceuticals Limited | Mainboard | December 20, 2024 | December 24, 2024 | 372 to 391 |
| Ventive Hospitality Limited | Mainboard | December 20, 2024 | December 24, 2024 | 610 to 643 |
| Sanathan Textiles Limited | Mainboard | December 19, 2024 | December 23, 2024 | 305 to 321 |
| DAM Capital Advisors Limited | Mainboard | December 19, 2024 | December 23, 2024 | 269 to 283 |
| Transrail Lighting Limited | Mainboard | December 19, 2024 | December 23, 2024 | 410 to 432 |
| Concord Enviro Systems Limited | Mainboard | December 19, 2024 | December 23, 2024 | 665 to 701 |
| NewMalayalam Steel Limited | SME | December 19, 2024 | December 23, 2024 | 90 |
| Identical Brains Studios Limited | SME | December 18, 2024 | December 20, 2024 | 54 |
| International Gemmological Institute (India) Limited | Mainboard | December 13, 2024 | December 17, 2024 | 397 to 417 |
| Inventurus Knowledge Solutions Limited | Mainboard | December 12, 2024 | December 16, 2024 | 1265 to 1329 |
| Vishal Mega Mart Limited | Mainboard | December 11, 2024 | December 13, 2024 | 74 to 78 |
| Sai Life Sciences Limited | Mainboard | December 11, 2024 | December 13, 2024 | 522 to 549 |
| One MobiKwik Systems Limited | Mainboard | December 11, 2024 | December 13, 2024 | 265 to 279 |
| Supreme Facility Management Limited | SME | December 11, 2024 | December 13, 2024 | 76 |
| Purple United Sales Limited | SME | December 11, 2024 | December 13, 2024 | 126 |
| Dhanlaxmi Crop Science Limited | SME | December 9, 2024 | December 11, 2024 | 55 |
| Emerald Tyre Manufacturers Limited | SME | December 5, 2024 | December 9, 2024 | 95 |
| Suraksha Diagnostic Limited | Mainboard | November 29, 2024 | December 3, 2024 | 420 to 441 |
| Ganesh Infraworld Limited | SME | November 29, 2024 | December 3, 2024 | 83 |
| Agarwal Toughened Glass India Limited | SME | November 28, 2024 | December 2, 2024 | 108 |
| Apex Ecotech Limited | SME | November 27, 2024 | November 29, 2024 | 73 |
| Abha Power and Steel Limited | SME | November 27, 2024 | November 29, 2024 | 75 |
| Rajputana Biodiesel Limited | SME | November 26, 2024 | November 28, 2024 | 130 |
| C2C Advanced Systems Limited- Withdrawal Window | SME | November 26, 2024 | November 29, 2024 | – |
| Enviro Infra Engineers Limited | Mainboard | November 22, 2024 | November 26, 2024 | 140 to 148 |
| C2C Advanced Systems Limited | SME | November 22, 2024 | November 26, 2024 | 226 |
| Lamosaic India Limited | SME | November 21, 2024 | November 26, 2024 | 200 |
| NTPC Green Energy Limited | Mainboard | November 19, 2024 | November 22, 2024 | 102 to 108 |
| Zinka Logistics Solutions Limited | Mainboard | November 13, 2024 | November 18, 2024 | 259 to 273 |
| ONYX BIOTEC LIMITED | SME | November 13, 2024 | November 18, 2024 | 61 |
| Neelam Linens and Garments (India) Limited | SME | November 8, 2024 | November 12, 2024 | 24 |
| Niva Bupa Health Insurance Company Limited | Mainboard | November 7, 2024 | November 11, 2024 | 70 to 74 |
| ACME Solar Holdings Limited | Mainboard | November 6, 2024 | November 8, 2024 | 275 to 289 |
| Swiggy Limited | Mainboard | November 6, 2024 | November 8, 2024 | 371 to 390 |
| Sagility India Limited | Mainboard | November 5, 2024 | November 7, 2024 | 28 to 30 |
| Afcons Infrastructure Limited | Mainboard | October 25, 2024 | October 29, 2024 | 440 to 463 |
| Usha Financial Services Limited | SME | October 24, 2024 | October 28, 2024 | 168 |
| Godavari Biorefineries Limited | Mainboard | October 23, 2024 | October 25, 2024 | 334 to 352 |
| Danish Power Limited | SME | October 22, 2024 | October 24, 2024 | 380 |
| OBSC Perfection Limited | SME | October 22, 2024 | October 24, 2024 | 100 |
| United Heat Transfer Limited | SME | October 22, 2024 | October 24, 2024 | 59 |
| Waaree Energies Limited | Mainboard | October 21, 2024 | October 23, 2024 | 1427 to 1503 |
| Deepak Builders & Engineers India Limited | Mainboard | October 21, 2024 | October 23, 2024 | 192 to 203 |
| Premium Plast Limited | SME | October 21, 2024 | October 23, 2024 | 49 |
| Freshara Agro Exports Limited | SME | October 17, 2024 | October 21, 2024 | 116 |
| Lakshya Powertech Limited | SME | October 16, 2024 | October 18, 2024 | 180 |
| Hyundai Motor India Limited | Mainboard | October 15, 2024 | October 17, 2024 | 1865 to 1960 |
| Pranik Logistics Limited | SME | October 10, 2024 | October 14, 2024 | 77 |
| Garuda Construction and Engineering Limited | Mainboard | October 8, 2024 | October 10, 2024 | 90 to 95 |
NTPC Green Energy shares were listed on November 27, 2024, with an open price of ₹111.50 per share. On the listing day, it closed at ₹121.65, marking an increase from its IPO price of ₹108.00. As of January 1, 2025, 11:12 AM, NTPC Green Energy share price was trading at ₹127.23, with a 52-week high of ₹155.35 on December 4, 2024, and a low of ₹111.50 on November 27, 2024. The market capitalisation of the company was ₹1,07,309.31 crore.
Zinka Logistics Solutions (Blackbuck) shares were listed on November 22, 2024, with an open price of ₹280.90 per share. On the listing day, it closed at ₹260.05. As of January 1, 2025, 11:13 AM, Zinka Logistics share price was trading at ₹457.80, with a 52-week high of ₹550.70 on December 23, 2024, and a low of ₹248.35 on November 26, 2024. The market capitalisation of the company was ₹8,079.20 crore.
Niva Bupa Health Insurance Company went public on November 14, 2024, at ₹78.14 per share. On the listing day, it closed at ₹74.02. As of January 1, 2025, 11:14 AM, Niva Bupa share price was trading at ₹84.08, with a 52-week high of ₹109.34 on December 5, 2024, and a low of ₹69.21 on November 18, 2024. The market capitalisation of the company was ₹15,361.64 crore.
Food delivery giant, Swiggy got listed on the exchanges on November 13, 2024, at ₹420.00 per share. On the listing day, it closed at ₹456.00. As of January 1, 2025, 11:20 AM, Swiggy share price was trading at ₹548.80, with a 52-week high of ₹617.30 on December 23, 2024, and a low of ₹391.00 on November 13, 2024. The market capitalisation of the company was ₹1,22,845.99 crore.
Hyundai Motor India went public on October 22, 2024, with an open price of ₹1,934.00 per share. On the listing day, it closed at ₹1,819.60. As of January 1, 2025, 11:22 AM, Hyundai Motor India share price was trading at ₹1,801.70, with a 52-week high of ₹1,970.00 on October 22, 2024, and a low of ₹1,688.50 on November 18, 2024. The market capitalisation of the company was ₹1,46,395.53 crore.
There were more than 50 companies that went public in Q3 FY 2025, which includes both SME and Mainboard IPOs. These companies showed varied performance, with some trading at premiums and others experiencing modest gains or losses. Understand the performance of the company thoroughly before making an investment decision.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
