IPOs in January 2025: Listing Gains, GMP & Subscription
Monthly round-up
By IPO GMP Status desk · Updated 28 January 2025 · How we compile these figures
18 IPOs listed in January 2025 — 6 mainboard and 12 SME. The average listing gain was +26.0%, and 15 of 18 listed above their issue price. The best listing was Indobell Insulation at +90.0%. The grey market's estimate was met or beaten in 4 of 18.
IPOs listed in January 2025
| IPO | Type | Listed | Issue price | Listing price | Listing gain | Subscribed | GMP estimate |
|---|---|---|---|---|---|---|---|
| Indo Farm Equipment | Mainboard | 7 Jan | ₹215 | ₹256 | +19.1% | 101.79x | ₹291 ✗ |
| Leo Dry Fruits and Spices | SME | 8 Jan | ₹52 | ₹68 | +30.8% | 154.50x | ₹68 ✓ |
| Davin Sons | SME | 9 Jan | ₹55 | ₹44 | −20.0% | 164.78x | ₹60 ✗ |
| Indobell Insulation | SME | 13 Jan | ₹46 | ₹87.4 | +90.0% | 54.13x | ₹85 ✓ |
| Standard Glass Lining | Mainboard | 13 Jan | ₹140 | ₹172 | +22.9% | 185.48x | ₹190 ✗ |
| Quadrant Future Tek | Mainboard | 14 Jan | ₹290 | ₹370 | +27.6% | 195.96x | ₹410 ✗ |
| B.R.Goyal | SME | 14 Jan | ₹135 | ₹135.75 | +0.6% | 118.08x | ₹147 ✗ |
| Delta Autocorp | SME | 14 Jan | ₹130 | ₹175 | +34.6% | 342.10x | ₹235 ✗ |
| Sat Kartar Shopping | SME | 17 Jan | ₹81 | ₹153.9 | +90.0% | 332.78x | ₹121 ✓ |
| Laxmi Dental | Mainboard | 20 Jan | ₹428 | ₹542 | +26.6% | 114.14x | ₹573 ✗ |
| Barflex Polyfilms | SME | 20 Jan | ₹60 | ₹60 | +0.0% | 151.52x | ₹73 ✗ |
| Rikhav Securities | SME | 22 Jan | ₹86 | ₹163.4 | +90.0% | 307.00x | ₹182 ✗ |
| Stallion India | Mainboard | 23 Jan | ₹90 | ₹120 | +33.3% | 188.32x | ₹125 ✗ |
| EMA Partners | SME | 24 Jan | ₹124 | ₹156.5 | +26.2% | 221.06x | ₹188 ✗ |
| CapitalNumbers Infotech | SME | 27 Jan | ₹263 | ₹274 | +4.2% | 134.62x | ₹313 ✗ |
| Denta Water | Mainboard | 29 Jan | ₹294 | ₹325 | +10.5% | 221.54x | ₹367 ✗ |
| CLN Energy | SME | 30 Jan | ₹250 | ₹256 | +2.4% | 5.42x | ₹250 ✓ |
| GB Logistics | SME | 31 Jan | ₹102 | ₹81.6 | −20.0% | 184.64x | ₹118 ✗ |
✓ the listing price met or beat the grey market's estimate; ✗ it fell short.
← December 2024 · February 2025 →
Every listing since the tracker began is on the IPO performance page. GMP is an unofficial estimate, not a promise; see the disclaimer.