Closed Mainboard IPOs in 2025

Closed Mainboard IPOs in 2025
Get insights into Mainboard IPOs that recently closed for subscription.
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Quality Power Electrical Equipments IPOElectric Equipment

1.28x

subscribed

Allotment Date19 Feb 2025
Demat Transfer20 Feb 2025
Listing Date21 Feb 2025

How to apply for IPOs on Upstox

Step 1

Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section

Step 2

Click on apply, enter the lot size, price and provide your UPI mandate.

Step 3

Approve the UPI mandate on your UPI app and you are all set!


Latest News on IPO

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PhonePe redomiciled from Singapore to India in December 2022 for which it had to pay around ₹8,000 crore in taxes to the government. The company in FY24 (2023-24) posted a 73% year-on-year (YoY) increase in its revenue to ₹5,064 crore.

2 min read

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National Securities Depository Ltd (NSDL) is expediting its much-anticipated ₹3,000 crore IPO, aiming for a launch by next month before its regulatory approval expires. A senior official confirmed that the depository firm is racing against time to secure necessary clearances.

2 min read

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HP Telecom India IPO consists exclusively of a fresh issue of 31.69 lakh equity shares. The company has fixed the IPO price at ₹108 per share for the IPO. The ₹34.23-crore NSE SME issue is available for subscription till February 24.

3 min read

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The ₹14.92-crore IPO is open for subscription from February 20 to February 24. The company has fixed the issue price at ₹94 per share. Swasth Foodtech India IPO listing on the BSE SME platform has been scheduled for February 28.

3 min read

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In a major disappointment for primary market investors, none of the four IPO listings on Wednesday managed to make an impactful debut. While Hexaware Technologies shares were listed at a 5% premium over the issue price, the three SME issues made a muted debut.

3 min read

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Quality Power IPO allotment status will be finalised on Wednesday. Investors who applied for the public issue can check finalisation details on the websites of the NSE, the BSE, and MUFG Intime India Pvt Ltd (formerly Link Intime India).

3 min read

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Upcoming IPOs: The allotment of HP Telecom India and Swasth Foodtech IPOs will take place on February 25, while the listing will occur on February 28.

2 min read

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Royalarc Electrodes IPO comprised a fresh issue of 18 lakh shares, worth up to ₹21.6 crore, and an offer-for-sale (OFS) of 12 lakh shares, amounting to ₹14.4 crore. The proposed IPO listing date is February 21. Shares of Rolyalarc Electrodes Ltd will be listed on the NSE SME platform.

4 min read

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Soon after listing, the stock marginally increased to hit an intraday high of ₹182.05 apiece on the NSE Emerge platform. As the stock debuted at the issue price of ₹180, IPO investors would not have made any gains. The minimum investment for the IPO investors was ₹1,36,800 for a single lot of 800 shares.

3 min read

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Voler Car IPO listed flat on the NSE SME platform on February 19, with shares opening at ₹90. The stock hit a 5% lower circuit, marking a lacklustre debut. The company raised ₹27 crore from this public issue.

3 min read

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As the minimum bid quantity to apply for the PS Raj Steels IPO was 1,000 shares, successful bidders who were allotted shares in the primary issue were sitting on nominal listing gains of ₹5,000 per lot (₹5 x 1,000) as soon as the stock started trading in the secondary market.

3 min read

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The mainboard issue of Quality Power Electrical Equipments Ltd and NSE SME issues of Tejas Cargo India Ltd and Royalarc Electrodes Ltd were fully subscribed on the last day of bidding, after witnessing a muted demand in the first two days.

4 min read

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Tejas Cargo India’s ₹105.84 crore IPO was fully subscribed by the final day, with strong demand from Non-Institutional Investors (NIIs). The total subscription reached 1.22 times. The allotment status for the IPO will be finalised on February 18. Investors can check the allotment status on the NSE and Bigshare Services portal.

4 min read

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Quality Power IPO fully subscribed on the final day, with 1.29 times oversubscription. Despite a slow start, retail investors drove the demand. The power equipment supplier raised ₹858.7 crore from this IPO. Allotment status will be finalised on February 19. Investors can check the status on the NSE, BSE, or MUFG Intime India portal.

4 min read

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Hexaware Tech IPO Listing Date: The issue is exclusively an offer-for-sale (OFS) of shares worth ₹8,750 crore by Carlyle Group's CA Magnum Holdings. Since it is solely an OFS, the entire IPO proceeds will go to the selling shareholder. The company will not get any funds.

2 min read

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Bansal did not rule out an IPO in the upcoming fiscal year, suggesting that further clarity on key milestones will emerge following consultations with the company’s board.

3 min read

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Quality Power IPO: The initial public offering of Quality Power Electrical Equipments has been fully subscribed on Tuesday, February 18, the third day of bidding.

2 min read

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LG Electronics India filed the draft red herring prospectus (DRHP) for the public issue of its India unit with the capital market regulator Securities and Exchange Board of India (Sebi) on December 6, 2024. The IPO could be a complete offer-for-sale of up to 10.18 crore equity shares.

2 min read

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Hexaware Technologies IPO allotment has been finalised. Those who have applied for the public issue can check bid finalisation details on the websites of the BSE, the NSE, and KFin Technologies.

3 min read

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Shanmuga Hospital IPO allotment: The company launched its IPO on the BSE SME platform on February 13 to raise ₹20.62 crore from the primary market. The company has proposed to list its shares on the BSE SME platform on Thursday, February 20.

4 min read

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LK Mehta Polymers IPO allotment: The ₹7.38-crore issue was open for subscription from February 13 to February 17. The IPO price was fixed at ₹71 per share. The listing date has been fixed as February 21.

4 min read

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NSDL is a SEBI-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India.

2 min read

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Upcoming IPOs: Swasth Foodtech India, HP Telecom India, and Beezaasan Explotech will commence their initial share sales on February 19, 20, and 21, respectively.

3 min read

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The lithium-ion batteries manufacturing company launched its initial public offering on February 12 to raise ₹54 crore from the primary market. The company has proposed to list its shares on the NSE SME platform on Wednesday, February 19.

4 min read

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Quality Power IPO is a 100% book-built issue aimed at raising a total of ₹858.7 crore. It is a combination of a fresh issuance of 53 lakh shares, aggregating to ₹225 crore, and an offer-for-sale (OFS) of 1.49 crore shares, aggregating to ₹633.7 crore.

2 min read


Insights into Closed Mainboard IPO Performance

The performance of closed mainboard IPOs can be analysed based on several factors like subscription numbers and price movement after the listing of the stock, among others. The subscription rate implies the investors' interest in the issue and the demand for the company’s shares during the IPO bidding. Further, the offer price and the minimum subscription requirement also indicate how well the past mainboard IPOs will be received in the market. The real test for an IPO starts when the stocks get listed on the bourses. If you are unsure about the fundamentals of any company launching its IPO it could be prudent to wait till listing and analyse its stock price movement, before investing.

What to expect after a mainboard IPO closes

After a mainboard IPO closes for bidding, the share allotment is finalised by the company in the next stage. Following the share allocation and transfer of shares to the Demat accounts of the allottees, the stock gets listed on the BSE and NSE on the scheduled date of listing. Soon after the listing, many investors choose to book profit, in case of a premium listing, and exit the stock. A high selloff soon after listing can affect the share price negatively. Analysts and investors monitor key performance metrics to understand the potential price trend of the stocks.

Frequently asked questions

When can I check the allotment status for a closed Mainboard IPO?

The share allotment is typically updated on the next day of the closure of the subscription window. Following the share allocation, the investors can check the status online via my application section of Upstox web platform, Upstox web or the official websites of the NSE, BSE and the issue registrar.

What happens after a Mainboard IPO closes?

Once the mainboard IPO closes, the share allotment status is finalised. The company generally finalises the share allotment a day after the subscription. Following this, the stock gets listed on the BSE and NSE on the scheduled date.

Can I still buy shares of a Mainboard IPO after it closes?

Once the mainboard IPO closes for subscription, shares can only be bought through stock trading. You can buy and sell shares of the company during regular trading hours on the BSE and NSE.
  1. closed ipos