IPOs in December 2025

December 2025 had 51 IPOs: 10 mainboard and 41 SME.

Of the 51 that have listed, the average listing gain was +9.7%, and 30 listed above the issue price.

Mainboard IPOs in December 2025

  • Meesho — ₹105–111 · listed 10 Dec 2025 · subscribed 81.76× · listing gain +46.4%
  • Aequs — ₹118–124 · listed 10 Dec 2025 · subscribed 104.26× · listing gain +12.9%
  • Vidya Wires — ₹48–52 · listed 10 Dec 2025 · subscribed 28.53× · listing gain +0.0%
  • Wakefit Innovations — ₹185–195 · listed 15 Dec 2025 · subscribed 2.52× · listing gain +0.0%
  • Corona Remedies — ₹1008–1062 · listed 15 Dec 2025 · subscribed 144.44× · listing gain +38.4%
  • Nephrocare Health — ₹438–460 · listed 17 Dec 2025 · subscribed 14.07× · listing gain +6.5%
  • Park Medi World — ₹154–162 · listed 17 Dec 2025 · subscribed 8.52× · listing gain -2.0%
  • ICICI Prudential AMC — ₹2061–2165 · listed 19 Dec 2025 · subscribed 39.17× · listing gain +20.1%
  • KSH International — ₹365–384 · listed 23 Dec 2025 · subscribed 1.00× · listing gain -3.6%
  • Gujarat Kidney — ₹108–114 · listed 30 Dec 2025 · subscribed 5.21× · listing gain +5.3%

SME IPOs in December 2025

  • SSMD Agrotech India (SME) — ₹114–121 · listed 2 Dec 2025 · subscribed 1.62× · listing gain -39.7%
  • K K Silk Mills (SME) — ₹36–38 · listed 3 Dec 2025 · subscribed 5.66× · listing gain -15.8%
  • Mother Nutri Foods (SME) — ₹111–117 · listed 3 Dec 2025 · subscribed 15.92× · listing gain +1.2%
  • Purple Wave Infocom (SME) — ₹120–126 · listed 5 Dec 2025 · subscribed 6.88× · listing gain +4.8%
  • Logiciel Solutions (SME) — ₹183–193 · listed 5 Dec 2025 · subscribed 2.04× · listing gain -20.0%
  • Exato Technologies (SME) — ₹133–140 · listed 5 Dec 2025 · subscribed 947.21× · listing gain +90.0%
  • Clear Secured (SME) — ₹125–132 · listed 8 Dec 2025 · subscribed 8.83× · listing gain -9.8%
  • Invicta Diagnostic (SME) — ₹80–85 · listed 8 Dec 2025 · subscribed 4.27× · listing gain +16.5%
  • Ravelcare (SME) — ₹123–130 · listed 8 Dec 2025 · subscribed 437.60× · listing gain +54.6%
  • Astron Multigrain (SME) — ₹63 · listed 8 Dec 2025 · subscribed 1.22× · listing gain -20.0%
  • Speb Adhesives (SME) — ₹52–56 · listed 8 Dec 2025 · subscribed 2.34× · listing gain +7.1%
  • Helloji Holidays (SME) — ₹110–118 · listed 9 Dec 2025 · subscribed 30.16× · listing gain +0.0%
  • Neochem Bio (SME) — ₹93–98 · listed 9 Dec 2025 · subscribed 15.52× · listing gain +10.2%
  • Shri Kanha Stainless (SME) — ₹90 · listed 10 Dec 2025 · subscribed 2.76× · listing gain -2.2%
  • Western Overseas Study Abroad (SME) — ₹56 · listed 11 Dec 2025 · subscribed 1.41× · listing gain -2.0%
  • Luxury Time (SME) — ₹78–82 · listed 11 Dec 2025 · subscribed 634.83× · listing gain +90.0%
  • ScaleSauce (SME) — ₹101–107 · listed 12 Dec 2025 · subscribed 2.19× · listing gain +90.0%
  • Flywings Simulator Training (SME) — ₹181–191 · listed 12 Dec 2025 · subscribed 1.67× · listing gain +2.1%
  • Methodhub Software (SME) — ₹190–194 · listed 12 Dec 2025 · subscribed 29.78× · listing gain -20.0%
  • K. V. Toys India (SME) — ₹227–239 · listed 15 Dec 2025 · subscribed 352.63× · listing gain +33.9%
  • Riddhi Display Equipments (SME) — ₹95–100 · listed 15 Dec 2025 · subscribed 4.91× · listing gain -20.0%
  • Prodocs Solutions (SME) — ₹131–138 · listed 15 Dec 2025 · subscribed 2.66× · listing gain +4.3%
  • Unisem Agritech (SME) — ₹63–65 · listed 17 Dec 2025 · subscribed 2.03× · listing gain +0.0%
  • Shipwaves Online (SME) — ₹12 · listed 17 Dec 2025 · subscribed 1.64× · listing gain +0.0%
  • Pajson Agro India (SME) — ₹112–118 · listed 18 Dec 2025 · subscribed 6.50× · listing gain +5.1%
  • HRS Aluglaze (SME) — ₹94–96 · listed 18 Dec 2025 · subscribed 44.83× · listing gain +31.3%
  • Stanbik Agro (SME) — ₹30 · listed 19 Dec 2025 · subscribed 1.49× · listing gain +5.8%
  • Ashwini Container Movers (SME) — ₹135–142 · listed 19 Dec 2025 · subscribed 1.70× · listing gain +3.5%
  • Exim Routes (SME) — ₹83–88 · listed 19 Dec 2025 · subscribed 15.23× · listing gain +25.0%
  • Neptune Logitek (SME) — ₹126 · listed 22 Dec 2025 · subscribed 1.61× · listing gain -20.0%
  • MARC Technocrats (SME) — ₹88–93 · listed 24 Dec 2025 · subscribed 9.87× · listing gain -20.0%
  • Global Ocean Logistics (SME) — ₹74–78 · listed 24 Dec 2025 · subscribed 13.64× · listing gain +1.5%
  • Dachepalli Publishers (SME) — ₹100–102 · listed 30 Dec 2025 · subscribed 1.97× · listing gain -20.0%
  • EPW India (SME) — ₹95–97 · listed 30 Dec 2025 · subscribed 1.32× · listing gain +14.4%
  • Sundrex Oil (SME) — ₹81–86 · listed 30 Dec 2025 · subscribed 1.53× · listing gain -20.0%
  • Shyam Dhani Industries (SME) — ₹65–70 · listed 30 Dec 2025 · subscribed 988.29× · listing gain +90.0%
  • Dhara Rail Projects (SME) — ₹120–126 · listed 31 Dec 2025 · subscribed 111.90× · listing gain +19.0%
  • Nanta Tech (SME) — ₹209–220 · listed 31 Dec 2025 · subscribed 6.43× · listing gain +6.4%
  • Apollo Techno Industries (SME) — ₹123–130 · listed 31 Dec 2025 · subscribed 50.63× · listing gain +11.5%
  • Admach Systems (SME) — ₹227–239 · listed 31 Dec 2025 · subscribed 4.13× · listing gain -20.0%
  • Bai Kakaji Polymers (SME) — ₹177–186 · listed 31 Dec 2025 · subscribed 5.71× · listing gain +2.2%

Best listing gains in December 2025

Weakest listings in December 2025

← IPOs in November 2025 · IPOs in January 2026 →

IPO listing gains 2025 · IPO calendar · Upcoming IPOs

Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.