Recently Listed IPOs: Performance Snapshot

The Indian IPO market remains vibrant, with several companies making their stock market debut in early June 2025. The recent listings reflect a diverse mix of industries—from paper manufacturing and pharma to logistics and tech infrastructure. Investors have shown varied responses to these IPOs, with some delivering impressive gains and others slipping below their issue prices. Here’s a detailed analysis of six recently listed IPOs, including their latest traded prices (LTP), listing performance, and brief company profiles.

1. Scoda Tubes

• Issue Price: ₹140.00

• Listing Price: ₹140.00

• LTP (as of June 4, 2025): ₹146.95

• Date of Listing: June 4, 2025

Listing Performance:
Scoda Tubes listed at its issue price of ₹140 and quickly gained momentum. The stock now trades at ₹146.95, delivering a modest listing gain of nearly 5%. This suggests a balanced demand and a positive outlook from early investors.

Company Overview:
Scoda Tubes operates in the stainless steel tubing and piping sector. It manufactures welded and seamless stainless steel tubes, primarily catering to industries like pharmaceuticals, oil & gas, food processing, and chemical manufacturing. The company focuses on export markets and has built a solid reputation for quality and compliance with global standards.

2. Prostarm Info Solutions

• Issue Price: ₹105.00

• Listing Price: ₹125.00

• LTP (as of June 4, 2025): ₹119.95

• Date of Listing: June 3, 2025

Listing Performance:
Prostarm Info listed with a solid premium of nearly 19% above its issue price. Although the LTP has dipped slightly to ₹119.95, it still trades at a 14% gain over the issue price. Investors have shown strong early confidence in this tech-focused SME.

Company Overview:
Prostarm Info provides power backup and IT infrastructure solutions. Its core offerings include uninterruptible power supply (UPS) systems, energy-efficient power solutions, and integrated IT hardware systems. The company serves BFSI, government, healthcare, and telecom sectors. With increasing digital infrastructure demand, Prostarm positions itself to ride the growth wave in enterprise IT services.

3. Nikita Papers

• Issue Price: ₹104.00

• Listing Price: ₹90.00

• LTP (as of June 4, 2025): ₹88.80

• Date of Listing: June 3, 2025

Listing Performance:
Nikita Papers debuted below its issue price and has continued to slide. The current LTP stands at ₹88.80, indicating a 14.6% decline from the issue price. This underperformance points to weak investor sentiment or possibly overvaluation concerns.

Company Overview:
Nikita Papers manufactures writing and printing paper, with an emphasis on recycled paper production. The company operates through eco-friendly processes and caters to educational institutions, publishers, and office supply chains. Rising raw material costs and industry competition may have contributed to its muted market response.

4. Astonea Labs

• Issue Price: ₹135.00

• Listing Price: ₹137.45

• LTP (as of June 4, 2025): ₹135.00

• Date of Listing: June 3, 2025

Listing Performance:
Astonea Labs listed marginally above its issue price but now trades flat at ₹135. The stock has stabilized, and early trading suggests a wait-and-watch approach by the market.

Company Overview:
Astonea Labs operates in the pharmaceutical formulations and drug development segment. It manufactures and exports a range of therapeutic drugs, including anti-infectives, pain management, and cardiovascular products. The company’s R&D focus and regulatory compliance give it credibility, though investors may want to assess long-term scalability and market penetration.

5. Blue Water Infra

• Issue Price: ₹135.00

• Listing Price: ₹141.00

• LTP (as of June 4, 2025): ₹154.65

• Date of Listing: June 3, 2025

Listing Performance:
Blue Water delivered strong listing gains and continued its upward momentum. From the issue price of ₹135, the stock now trades at ₹154.65, up by more than 14%. This signals a favorable reception from institutional and retail investors alike.

Company Overview:
Blue Water Infra specializes in water and wastewater treatment infrastructure. The company handles end-to-end design, construction, and maintenance of water purification plants, desalination units, and sewage treatment systems. It services municipal, industrial, and defense clients. Growing infrastructure investment in water conservation and smart cities provides a robust growth runway for Blue Water.

6. Aegis Vopak Terminals

• Issue Price: ₹235.00

• Listing Price: ₹220.00

• LTP (as of June 4, 2025): ₹263.90

• Date of Listing: June 2, 2025

Listing Performance:
Aegis Vopak Terminals opened below its issue price but quickly reversed course. It now trades at ₹263.90—an impressive 12% premium to its IPO price. This turnaround reflects investor confidence in its long-term fundamentals.

Company Overview:
Aegis Vopak Terminals is a joint venture between Aegis Logistics and Dutch-based Royal Vopak. The company operates bulk liquid and gas storage terminals at key Indian ports. It plays a critical role in India’s energy infrastructure, offering storage solutions for LPG, chemicals, and petroleum products. With increasing energy consumption and global trade flows, Aegis Vopak stands well-positioned for long-term growth.

Performance Summary Table

Key Takeaways

1. Best Performing IPOs: Blue Water and Prostarm Info have delivered strong post-listing gains, reflecting investor enthusiasm for infrastructure and tech plays.

2. Underperformer: Nikita Papers has disappointed, trading nearly 15% below its issue price—highlighting sector-specific concerns or valuation mismatches.

3. Stable Debuts: Astonea Labs and Scoda Tubes have seen steady openings, suggesting neutral market sentiment but room for future movement.

4. Turnaround Story: Aegis Vopak Terminals overcame a weak listing to post strong returns, underlining the strength of its core business.

Conclusion

The early June IPO batch presents a mix of outcomes. Companies tied to essential infrastructure, technology, and energy logistics have attracted more investor attention and performed better post-listing. Others, especially those from traditional or cyclical sectors, face a tougher environment amid cautious market sentiment.

Investors must look beyond listing gains and assess the long-term fundamentals, including scalability, regulatory landscape, and sector outlook. The IPO market continues to offer exciting opportunities, but careful evaluation and timing remain crucial to success.