Tariff blow: Listing gains drop 50% from last year

IPO listing gains in 2025 have halved to 14.6% from 30% in 2024 as weak market sentiment and US tariff pressures weigh on performance. Still, 80% of IPOs delivered positive returns, raising Rs 67,737 crore so far, with NSDL, Hexaware, and HDB Financial leading large-issue gains.


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