Market News
Ather Energy to Belrise Industries: Check how newly listed IPOs are performing
4 min read | Updated on June 07, 2025, 12:57 IST
SUMMARY
May 2025 saw a diverse set of IPOs, each bringing its own unique set of opportunities and challenges. From impressive subscription rates to mixed listing gains, these IPOs reflect the current investor sentiment and market conditions.
Belrise Industries made decent stock market debut, with an 8% listing gain.
May 2025 saw several high-profile IPOs, attracting investors' interest and high subscription. Multiple IPOs were launched in May 2025, as the primary market experienced a revival with the introduction of a new public issue after a gap of over two months.
But have these new IPOs lived up to investors' expectations? Here’s how these companies performed after their stock market debut. From listing gains to the subscription response, the performance of these IPOs paints an intriguing picture for investors looking to gauge market sentiments.
| Stock | CMP | IPO Issue price | Market cap (₹ cr) | Listing day gain | Subscription times (x) |
|---|---|---|---|---|---|
| Scoda Tubes | ₹153 | ₹140 | 916 | +4.9% | 57.4 |
| Prostarm Info Systems | ₹112 | ₹105 | 665 | +20.1% | 96.7 |
| Schloss Bangalore | ₹433 | ₹435 | 14,460 | +0.1% | 4.7 |
| Aegis Vopak Terminals | ₹256 | ₹235 | 28,364 | +2.9% | 2.2 |
| Belrise Industries | ₹98.2 | ₹90 | 8,745 | +8.1% | 43.1 |
| Borana Weaves | ₹231 | ₹216 | 617 | +18% | 147.9 |
| Ather Energy | ₹308 | ₹321 | 11,477 | -5.7% | 1.5 |
Scoda Tubes (Stock return: 9.3%)
Scoda Tubes IPO debuted at ₹140, matching its issue price. The IPO was oversubscribed 57.37 times, with significant interest from non-institutional investors. The company plans to use the funds for capital expenditure and working capital needs. It operates a fully integrated manufacturing facility that houses advanced machinery and quality testing equipment, enabling it to meet both domestic and export-grade standards.
Prostarm Info Systems (Stock return: 7.5%)
Prostarm Info Systems shares rose 20% on its listing day. The funds raised will be utilised for working capital requirements, to repay certain borrowings, grow inorganically and serve corporate general purposes. The company designs, manufactures and sells energy storage systems and power conditioning equipment such as inverters, UPS systems, servo-controlled voltage stabilisers and lithium-ion battery packs.
Schloss Bangalore (Stock return: -0.4%)
Schloss Bangalore stock listed flat, with no immediate gain or loss. Despite the IPO receiving a decent response, with a 4.7x subscription, the lack of a listing gain suggests a lukewarm investor outlook. This is especially notable given its substantial market cap of ₹14,428 crore. Schloss Bangalore is a luxury hospitality company operating under the "The Leela" brand in India. It owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.
Aegis Vopak Terminals (Stock return: 8.9%)
Aegis Vopak Terminals' IPO was a fresh equity issue of 11.91 crore shares, with no offer-for-sale portion. The company, which operates tank storage facilities as a third-party service provider, raised ₹1,260 crore from anchor investors before the IPO. It aims to net proceeds from IPO to repay loans, fund capital expenditures, including a cryogenic LPG terminal in Mangalore, and meet general corporate needs.
Belrise Industries (Stock return: 9.2%)
Belrise Industries made a decent stock market debut, with an 8.1% listing gain. The IPO was subscribed over 43 times. The company plans to utilise the IPO proceeds to repay or prepay certain borrowings and for general corporate purposes. The company supplies critical components to major automakers like Hero MotoCorp, Bajaj Auto, and Jaguar Land Rover and enjoys strong OEM partnerships.
Ather Energy (Stock return: -4.0%)
Ather Energy's IPO raised ₹2,626 crore, including a fresh issuance of equity and an offer-for-sale from promoters and investors. The company plans to use the funds for a new manufacturing plant in Maharashtra, debt repayment, R&D, and marketing initiatives, primarily over the fiscal years 2026-2028. Ather Energy, founded in 2013, is a leading electric two-wheeler manufacturer.
Borana Weaves (Stock return: +7.3%)
Borana Weaves had an outstanding debut, gaining 18% on its first day of listing. With an eye-popping 147.9x subscription. The company will use the proceeds from the IPO to finance the cost of setting up a new manufacturing unit to expand capabilities to produce grey fabric at Surat, Gujarat, funding incremental working capital requirements, and for general corporate purposes. Borana Weaves engaged in the production of unbleached synthetic grey fabric. This fabric serves as a fundamental material for further processing, such as dyeing and printing, in various industries, including fashion, traditional textiles, home decor, and interior design.
Overall, IPOs listed in May 2025 have exhibited a range of performances, from strong debut gains to lukewarm responses.
About The Author
