IPOs in May 2025

May 2025 had 13 IPOs: 3 mainboard and 10 SME.

Of the 13 that have listed, the average listing gain was +5.8%, and 9 listed above the issue price.

Mainboard IPOs in May 2025

  • Ather Energy — ₹304–321 · listed 6 May 2025 · subscribed 1.50× · listing gain +2.2%
  • Borana Weaves — ₹205–216 · listed 27 May 2025 · subscribed 147.85× · listing gain +12.5%
  • Belrise Industries — ₹85–90 · listed 28 May 2025 · subscribed 43.14× · listing gain +11.1%

SME IPOs in May 2025

  • Iware Supplychain Services (SME) — ₹95 · listed 6 May 2025 · subscribed 2.96× · listing gain -10.5%
  • Arunaya Organics (SME) — ₹55–58 · listed 7 May 2025 · subscribed 2.53× · listing gain -48.1%
  • Kenrik Industries (SME) — ₹25 · listed 9 May 2025 · subscribed 2.00× · listing gain +0.0%
  • Srigee DLM (SME) — ₹94–99 · listed 12 May 2025 · subscribed 490.93× · listing gain +90.0%
  • Manoj Jewellers (SME) — ₹54 · listed 12 May 2025 · subscribed 1.14× · listing gain -0.1%
  • Virtual Galaxy Infotech (SME) — ₹135–142 · listed 19 May 2025 · subscribed 231.45× · listing gain +26.8%
  • Integrity Infrabuild Developers (SME) — ₹100 · listed 20 May 2025 · subscribed 2.17× · listing gain +0.8%
  • Accretion Pharmaceuticals (SME) — ₹96–101 · listed 21 May 2025 · subscribed 7.67× · listing gain -21.8%
  • Dar Credit and Capital (SME) — ₹57–60 · listed 28 May 2025 · subscribed 106.09× · listing gain +8.6%
  • Unified Data- Tech (SME) — ₹260–273 · listed 29 May 2025 · subscribed 91.12× · listing gain +4.4%

Best listing gains in May 2025

Weakest listings in May 2025

← IPOs in April 2025 · IPOs in June 2025 →

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.