Quadrant Future Tek to Scoda Tubes: Here's how IPOs listed in H1 2025 are faring

IPO season is back in action with a strong listing of key IPOs of the previous week and strong pipeline for coming months. The first half of 2025 went slow in terms of IPOs as compared to the first half of 2024. H1 2025 saw 23 mainboard IPOs debuting on the bourses as compared 36 in H1 2024. Despite slower issues compared to previous year, only 5 IPOs out of 23 closed with losses, while 18 other IPOs closed with gains.

Quadrant FutureTek

The company is widely known for its key train controlling and signalling systems named KAVACH. The company got listed on January 14 at ₹374 against the issue price ₹290 apiece with gains of 29%. After listing, shares hit a new 52-week high level of ₹744 apiece on the NSE gaining 154% from the issue price. However, the shares corrected from 52-week high levels and trade at ₹468 apiece on the NSE, which is still 61% higher from the issue price and the top performing IPOs of 2025.

Quality Power Electrical equipments

The company provides high voltage electrical equipment solutions for grid connectivity and energy transition. The IPO managed to sail through with 1.29 times subscription. The company also witnessed a flat listing at ₹432 apiece against the issue price of ₹425 apiece on the NSE. The shares are currently trading at ₹619 apiece on the NSE, up by 57.5% from the issue price. The company is the second best performing IPO of 2025.

Prostarm Info Systems

The company specialises in designing, manufacturing and selling Energy storage power conditioning equipment. The company got listed on the bourses on June 3 at 19% premium price of ₹125 apiece against the issue price of ₹105 apiece. In a month’s period, the shares have rallied 47% to hit a new high of ₹155 apiece on the NSE. The shares currently traded at ₹150 apiece nearly 43% higher from the issue price.

Scoda Tubes

The company is engaged in manufacturing of stainless steel pipes, tubes, U pipes, welded tubes and more. The company’s IPO was 57 times subscribed and the shares got listed at flat with listing price of ₹140 apiece against the same issue price. However, the shares have since then jumped over 50% to hit a 52-week high of ₹213 apiece and currently traded 39% higher from the issue price at ₹194.

Standard Glass Lining

The company is a manufacturer of engineering equipment used in the pharmaceutical and chemical sector in India. The shares of the company got listed at ₹172 on January 13 with 23% premium against the issue price of ₹140 apiece. Currently shares are trading 20% higher than the issue price of ₹140 apiece.