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New Delhi: Several IPOs of popular companies made their market debut in 2025 so far. Many of them delivered good profits to investors as the shears of the firms listed with good gains. For example, recently the IPOs of Groww, Lenskart and Physics Wallah were listed in the market.
Notably, stocks of Groww and Physics Wallah made a strong debut and also rallied thereafter. However, the situation changed and the two counters declined in the last 2-3 sessions.
Groww shares have recorded tremendous rise ever since their listing last week. The stock declined in the last two trading days. Groww's shares lost about 18 percent. On Thursday, the stock fell by 9% to Rs 154 at the time of writing this article, as investors were constantly booking profits amid high valuations and traders were shorting new stocks. With today's fall, the stock has dropped 18% in just 2 sessions.
With the market capitalisation of Groww now exceeding Rs 1 lakh crore compared to around Rs 61,000 crore during the IPO, the valuation gap has widened exponentially. Ishan Tanna of Ashika Institutional Equity Research had earlier told The Economic Times that the stock is showing a pullback. He says that when shares worth Rs 25,000 million like Angel One and Rs 59,000 crore like Motilal Oswal are trading at a very low multiple, it is clear that the market has fixed this price keeping in mind the hyper growth of many years.
Physics Wallah shares were listed on NSE on 18 November at a premium of more than 33 percent from the IPO price at Rs 145 per share. At the end of the first day, the stock jumped further to end at Rs 156.49 per share, which was about 44 percent higher than its IPO price.
However, the stock slowed down on the second day. Physic Wallah shares declined more than 8 percent to close at Rs 142.20 per share. The stock is still up more than 30 percent from its IPO price of Rs 109 per share, but it is lower than its listing price.
Lenskart's name is among the lagging stocks. Shares of Lenskart Solutions listed on a weak note in the market on November 10. The counter listed on BSE at a discount of about 3 percent from its IPO price of Rs 390 per share. On NSE, the shares were listed at Rs 395 per share with a discount of about 2 percent.
After hitting the market, the stock jumped nearly 11 percent to a high of Rs 438.85 per share on the NSE on November 17. Then the stock was trading more than 1.5 percent on 18 November and 4 percent and falling to Rs 409.30 per share on 19 November. After trading in the deep red mark earlier in the day, Lenskart shares closed more than 1 percent higher at Rs 429 per share.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
