Worst-Performing Mainboard IPOs of 2025

Arisinfra Solutions, Gem Aeromatics, Regal Resources, BMW Ventures, Om Freight Forwarders, and Ganesh Consumer were the Worst IPOs 2025 for Mainboard IPOs. The year 2025 was one of the most active years of IPOs, during which many mainboard IPOs gave bumper listings, while many disappointed investors.

In 2025, many mainboard IPOs listed at a discount, some falling by as much as 50% from their issue price, gaining an IPO Failures India 2025 tag.Ā 

Top 10 Worst Performing Mainboard IPO 2025

Company NameOpen DateClose DateIPO SizePrice BandLast GMPListing PriceListing Gain
Om Freight ForwardersSep 29, 2025Oct 3, 2025₹122.31₹128 to ₹135₹-3₹81.5-39.63%
GlottisSep 29, 2025Oct 1, 2025₹307₹120 to ₹129₹0₹84-34.88%
BMW VenturesSep 24, 2025Sep 26, 2025₹231.66₹94 to ₹99₹0₹78-21.21%
Laxmi IndiaJul 29, 2025Jul 31, 2025₹254.26₹150 to ₹158₹0₹137.52-12.96%
Brigade Hotel VenturesJul 24, 2025Jul 28, 2025₹759.60₹86 to ₹90₹0₹81.1-9.89%
Epack PrefabSep 24, 2025Sep 26, 2025₹504₹194 to ₹204₹0₹183.85-9.88%
Indiqube SpacesJul 23, 2025Jul 25, 2025₹700₹225 to ₹237₹0₹216-8.86%
Ajax EngineeringFeb 10, 2025Feb 12, 2025₹1,268.93₹599 to ₹629₹-3₹576-8.43%
Ganesh ConsumerSep 22, 2025Sep 24, 2025₹408.8₹306 to ₹322₹-9₹296.05-8.06%
Arisinfra SolutionsJun 18, 2025Jun 20, 2025₹499.6₹210 to ₹222₹0₹205-7.66%

FAQs


1. What is a price band in an IPO?

A price band is the range (minimum and maximum price) at which investors can bid for shares during a book-building IPO.

2. What is a lot size?

Lot size is the minimum number of shares an investor can apply for in an IPO.

3. How is the final IPO price decided?

In the bookbuilding price, the final price is decided based on investors’ demand, based on how many bids are received on particular price.

4. What happens if an IPO is oversubscribed?

If the IPO is oversubscribed, allotment could be by lottery system.

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Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.