Top 10 Worst Performing IPOs of 2025 (Current Losses from Issue Price)
- Supreme Facility Management → -56.32% (₹76 → ₹33.20)
- Dhanlaxmi Crop Science → -39.09% (₹55 → ₹33.50)
- Suraksha Diagnostic → -33.05% (₹441 → ₹295.25)
- One MobiKwik → -16.70% (₹279 → ₹232.40)
- Fujiyama Power (UtlSolar) → -8.42% (₹228 → ₹208.80)
- Excelsoft Technologies → -1.05% (₹120 → ₹118.74)
- Billionbrains Garage → -21.33% (₹417 → ₹328)
- HDB Financial → -12.1% (₹740 → ₹650+)
- NTPC Green → -9% (₹108 → ₹98+)
- Mamata Machinery → -7% (₹243 → ₹226)
Key Takeaways from 2025 IPO Season So Far
- SME board is the real casino: Purple United (+290%), Ganesh Infraworld (+162%) – pure lottery tickets turned multibaggers
- Mainboard reality check: Even ₹1,000+ crore issues like Sai Life (+60%) and Inventurus (+26%) are holding strong, but several high-profile names (MobiKwik, Suraksha) are deep in red
- Listing pop ≠ long-term gain: Many 50–100% debut pops have given back everything (and more) within weeks
The verdict? 2025 IPOs remain a high-stakes game: a few life-changing winners, but plenty of painful traps.
