Of the 90 companies that raised ₹1.54 lakh crore in 2025, 42 companies' shares are trading lower than their IPO prices, NDTV Profit reported. While 45 companies' shares are trading above their IPO prices, 31 companies' shares had closed in red after first trading day. Among top-performing IPOs, Ather Energy and Quality Power lead with 115% and 108% gains, respectively.