IPO performance in India: only 3 of 93 listings are multibaggers so far in 2025

In India’s 2025 IPO rush, only 3 of 93 listings are multibaggers and 7 have delivered over 50% returns.

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IPO performance in India: only 3 of 93 listings are multibaggers so far in 2025

IPO performance in India: only 3 of 93 listings are multibaggers so far in 2025
Despite a strong listing wave in India in 2025, only 3 of the 93 companies that went public have delivered multibagger returns (defined as gains greater than 100%) and just 7 listings have gained more than 50%. The trend highlights that while investor enthusiasm remains high, many offerings are failing to generate outsized returns. 
Analysts warn that valuation discipline and business fundamentals will matter more than hype in the next leg of India’s primary market cycle.
Tags:
  • ipo
  • India