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Economic Times
4 days ago
- Business
- Economic Times
Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returns
In a year marked by cautious sentiment in secondary markets, India's IPO market has emerged as a surprising outperformer. While benchmark indices like the Nifty and Sensex have delivered modest returns of 6.2% and 5.3% respectively in 2025, fresh listings have raced ahead, offering investors a much-needed alternative. ADVERTISEMENT So far in 2025, 30 mainboard IPOs have listed, and 27 of them are trading above their issue price. The average return stands at 25%, nearly four times the Nifty's gain. While gold remains the top-performing asset class with a 31% year-to-date rise, IPOs have come a close second—outshining broader equity markets by a wide margin. Among the standout performers, Prostarm Info Systems has gained over 112%. Quality Power Electrical has more than doubled, delivering a 104.7% return since its February listing. Other notable gainers include Sambhv Steel Tubes (70.4%), Quadrant Future Tek (63.5%), Belrise Industries (45.2%), and Scoda Tubes (43.8%).At the same time, companies like Ellenbarrie Industrial Gases, Crizac, Anthem Biosciences, and Stallion India Fluorochemicals have delivered gains between 30–40%, despite broader market only three stocks, Indo Farm Equipment (-2.2%), Capital Infra Trust (-17.7%), and Arisinfra Solutions (-34.3%), have slipped below their issue prices. ADVERTISEMENT While foreign portfolio investors (FPIs) have been net sellers in the secondary market this year, their activity in the primary market paints a different picture. ADVERTISEMENT According to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, FPIs tend to exit the secondary market when valuations are high but continue to participate in IPOs and QIPs where valuations are perceived as more reasonable.'For 2025 up to July 19, total FPI sell figure stood at Rs 1.10 lakh crore, while buying through the primary market stood at Rs 27,239 crore,' Vijayakumar added. ADVERTISEMENT Analysts say the strong IPO run is being driven by a mix of healthy retail participation, attractive pricing, and sectoral diversity. This year's offerings span a range of sectors—from EVs and clean tech to pharma and industrials—broadening investor factor is valuation. With stretched prices in the secondary market, investors are looking to IPOs for better entry points. Many recent IPOs saw overwhelming demand, with overall subscriptions often crossing 50x, and in some cases, going beyond 100x. ADVERTISEMENT Also read: Brigade Hotel Ventures' Rs 760 crore IPO opens: Should you subscribe or skip? While not every IPO has delivered blockbuster gains, the trend signals a meaningful shift in investor appetite. As long as secondary valuations remain elevated and new companies continue to price their offerings well, the momentum in the primary market is unlikely to fade. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
4 days ago
- Business
- Economic Times
Is the IPO market the new gold? Fresh listings deliver 4X Nifty returns
Analysts say the strong IPO run is being driven by a mix of healthy retail participation, attractive pricing, and sectoral diversity. Despite muted returns in broader markets, India's IPO space has outperformed in 2025, with 27 of 30 listings trading above issue price and delivering average gains of 25%. Strong retail demand, sectoral variety, and attractive valuations are driving momentum in the primary market. Tired of too many ads? Remove Ads 27 Out of 30 IPOs in Profit Winners of the 2025 IPO Debuts Tired of too many ads? Remove Ads FPI Interest Remains in Primary Market What's Driving the IPO Momentum? In a year marked by cautious sentiment in secondary markets, India's IPO market has emerged as a surprising outperformer. While benchmark indices like the Nifty and Sensex have delivered modest returns of 6.2% and 5.3% respectively in 2025, fresh listings have raced ahead, offering investors a much-needed far in 2025, 30 mainboard IPOs have listed, and 27 of them are trading above their issue price. The average return stands at 25%, nearly four times the Nifty's gain. While gold remains the top-performing asset class with a 31% year-to-date rise, IPOs have come a close second—outshining broader equity markets by a wide the standout performers, Prostarm Info Systems has gained over 112%. Quality Power Electrical has more than doubled, delivering a 104.7% return since its February listing. Other notable gainers include Sambhv Steel Tubes (70.4%), Quadrant Future Tek (63.5%), Belrise Industries (45.2%), and Scoda Tubes (43.8%).At the same time, companies like Ellenbarrie Industrial Gases, Crizac, Anthem Biosciences, and Stallion India Fluorochemicals have delivered gains between 30–40%, despite broader market only three stocks, Indo Farm Equipment (-2.2%), Capital Infra Trust (-17.7%), and Arisinfra Solutions (-34.3%), have slipped below their issue foreign portfolio investors (FPIs) have been net sellers in the secondary market this year, their activity in the primary market paints a different to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services , FPIs tend to exit the secondary market when valuations are high but continue to participate in IPOs and QIPs where valuations are perceived as more reasonable.'For 2025 up to July 19, total FPI sell figure stood at Rs 1.10 lakh crore, while buying through the primary market stood at Rs 27,239 crore,' Vijayakumar say the strong IPO run is being driven by a mix of healthy retail participation, attractive pricing, and sectoral diversity. This year's offerings span a range of sectors—from EVs and clean tech to pharma and industrials—broadening investor factor is valuation. With stretched prices in the secondary market, investors are looking to IPOs for better entry points. Many recent IPOs saw overwhelming demand, with overall subscriptions often crossing 50x, and in some cases, going beyond not every IPO has delivered blockbuster gains, the trend signals a meaningful shift in investor appetite. As long as secondary valuations remain elevated and new companies continue to price their offerings well, the momentum in the primary market is unlikely to fade.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
Is the IPO market the new gold? Fresh listings deliver 4X Nifty returns
27 Out of 30 IPOs in Profit Winners of the 2025 IPO Debuts Live Events FPI Interest Remains in Primary Market What's Driving the IPO Momentum? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In a year marked by cautious sentiment in secondary markets, India's IPO market has emerged as a surprising outperformer. While benchmark indices like the Nifty and Sensex have delivered modest returns of 6.2% and 5.3% respectively in 2025, fresh listings have raced ahead, offering investors a much-needed far in 2025, 30 mainboard IPOs have listed, and 27 of them are trading above their issue price. The average return stands at 25%, nearly four times the Nifty's gain. While gold remains the top-performing asset class with a 31% year-to-date rise, IPOs have come a close second—outshining broader equity markets by a wide the standout performers, Prostarm Info Systems has gained over 112%. Quality Power Electrical has more than doubled, delivering a 104.7% return since its February listing. Other notable gainers include Sambhv Steel Tubes (70.4%), Quadrant Future Tek (63.5%), Belrise Industries (45.2%), and Scoda Tubes (43.8%).At the same time, companies like Ellenbarrie Industrial Gases, Crizac, Anthem Biosciences, and Stallion India Fluorochemicals have delivered gains between 30–40%, despite broader market only three stocks, Indo Farm Equipment (-2.2%), Capital Infra Trust (-17.7%), and Arisinfra Solutions (-34.3%), have slipped below their issue foreign portfolio investors (FPIs) have been net sellers in the secondary market this year, their activity in the primary market paints a different to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services , FPIs tend to exit the secondary market when valuations are high but continue to participate in IPOs and QIPs where valuations are perceived as more reasonable.'For 2025 up to July 19, total FPI sell figure stood at Rs 1.10 lakh crore, while buying through the primary market stood at Rs 27,239 crore,' Vijayakumar say the strong IPO run is being driven by a mix of healthy retail participation, attractive pricing, and sectoral diversity. This year's offerings span a range of sectors—from EVs and clean tech to pharma and industrials—broadening investor factor is valuation. With stretched prices in the secondary market, investors are looking to IPOs for better entry points. Many recent IPOs saw overwhelming demand, with overall subscriptions often crossing 50x, and in some cases, going beyond not every IPO has delivered blockbuster gains, the trend signals a meaningful shift in investor appetite. As long as secondary valuations remain elevated and new companies continue to price their offerings well, the momentum in the primary market is unlikely to fade.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
17-07-2025
- Business
- Time of India
Prostarm Info Systems to invest $2.9 mn in 1.2 GWh battery energy storage plant in Haryana by 2026
Prostarm Info Systems , a Mumbai-based power infrastructure developer, is set to establish a 1.2 GWh battery energy storage system (BESS) manufacturing plant in Jhajjar, Haryana , by the end of the financial year 2026. An investment of ₹25 crore ($2.9 milion) is earmarked for the project to cater to commercial, industrial, and utility-scale applications, driven by the increasing demand for energy storage solutions in India . The plant will be located at the Reliance Model Economic Township and operate under a nine-year land lease. This development follows a significant increase in India's BESS installations, with over 341 MWh added in 2024, Mercom reports. BESS manufacturing facility The new BESS manufacturing facility will cater to both commercial and industrial, as well as utility-scale applications. The plant is expected to be commissioned by the end of the financial year 2026. The facility entails the setting up of plant and machinery, office infrastructure, heating, ventilation, and air conditioning systems, power capacity upgrades, and anti-static flooring. It also includes warehousing and other essential infrastructure to enable high-end assembly and integration. Prostarm provides services in design, manufacture, assembly, sale, and service of energy storage and power conditioning equipment. It has a product portfolio comprising UPS systems, inverters, lift inverters, solar hybrid inverters, lithium-ion battery packs , servo-controlled voltage stabilisers, and isolation transformers. The company also undertakes engineering, procurement, and construction projects in the rooftop solar space across India. Recently, Prostarm Info Systems won a capacity of 30 MW/120 MWh in Bihar State Power Generation Company 's auction to set up a standalone BESS of a cumulative capacity of 125 MW/500 MWh.
Time of India
17-07-2025
- Business
- Time of India
Prostarm Info Systems to invest $2.9 mn in 1.2 GWh battery energy storage plant in Haryana by 2026
Prostarm Info Systems , a Mumbai-based power infrastructure developer, is set to establish a 1.2 GWh battery energy storage system (BESS) manufacturing plant in Jhajjar, Haryana , by the end of the financial year 2026. An investment of ₹25 crore ($2.9 milion) is earmarked for the project to cater to commercial, industrial, and utility-scale applications, driven by the increasing demand for energy storage solutions in India. The plant will be located at the Reliance Model Economic Township and operate under a nine-year land lease. This development follows a significant increase in India's BESS installations, with over 341 MWh added in 2024, Mercom reports. BESS manufacturing facility The new BESS manufacturing facility will cater to both commercial and industrial, as well as utility-scale applications. The plant is expected to be commissioned by the end of the financial year 2026. The facility entails the setting up of plant and machinery, office infrastructure, heating, ventilation, and air conditioning systems, power capacity upgrades, and anti-static flooring. It also includes warehousing and other essential infrastructure to enable high-end assembly and integration. Prostarm provides services in design, manufacture, assembly, sale, and service of energy storage and power conditioning equipment. It has a product portfolio comprising UPS systems, inverters, lift inverters, solar hybrid inverters, lithium-ion battery packs , servo-controlled voltage stabilisers, and isolation transformers. The company also undertakes engineering, procurement, and construction projects in the rooftop solar space across India. Recently, Prostarm Info Systems won a capacity of 30 MW/120 MWh in Bihar State Power Generation Company's auction to set up a standalone BESS of a cumulative capacity of 125 MW/500 MWh.
