They entered the market quietly — no hype, no blockbuster debut, just modest listings.
Yet within 30 days, three newly listed companies — EPACK Prefab Technologies, Anand Rathi Share and Stock Brokers, and Euro Pratik Sales — have stunned everyone with up to 65% returns.
What began as cautious interest has turned into one of the most remarkable short-term re-ratings of 2025. Behind the rally lies no speculation or frenzy, but solid earnings, business traction, and sector momentum that investors initially underestimated. Let’s break down how these once-ignored IPOs became the Street’s newest favourites.
EPACK Prefab Technologies — Discounted Debut to a 60% Climb
EPACK Prefab IPO opened without much fanfare.
Listed on 1 October 2025 at a 6.5% discount to its issue price of INR 204, the company seemed to suffer from investor fatigue toward industrial IPOs. But within weeks, EPACK changed the narrative completely.
Epack Prefab Q2 FY26 results revealed the kind of growth that turns a muted listing into a momentum stock:
Revenue jumped 62% YoY to INR 433.9 crore, while net profit doubled to INR 29.5 crore.
The company also commissioned a new sandwich-panel facility in Andhra Pradesh, boosting capacity and cutting logistics costs across southern India.
India’s ongoing industrial-capex revival and warehouse construction boom gave EPACK a perfect tailwind. Improved operating margins and a robust order book added credibility to its growth story. From a forgotten listing, the stock transformed into a 65% gainer within just a month, becoming a benchmark for earnings-driven rallies.
Anand Rathi Share and Stock Brokers — Gains 55% in a Month
Anand Rathi’s September IPO was a quiet affair, listing around INR 445 — barely 7% above the issue price. But while traders ignored it, the fundamentals were quietly strengthening underneath.
In the weeks following its debut, the company reported steady client additions, a growing margin-trading book, and 20–25% growth in its wealth-management AUM. Its Tier-2 and Tier-3 expansion drive began paying off as more semi-urban investors entered the markets.
Meanwhile, the broader environment was electric: demat accounts crossed 190 million, SIP inflows hit record highs, and F&O volumes touched new peaks. Anand Rathi found itself perfectly positioned in the middle of India’s financialisation boom.
By early November, the stock had climbed nearly 90% from listing, proving that in the broking and wealth space, execution beats excitement every single time.
Euro Pratik Sales — The Quiet Consumer Story That Caught Fire
Mumbai-based Euro Pratik Sales, which designs and distributes decorative laminates and furniture fittings, listed in mid-September with almost no noise. Its shares opened flat at around INR 248 versus an issue price of INR 247 — a debut so uneventful that most investors missed it entirely.
But the next four weeks told a very different story. The stock began to gather momentum as trading volumes rose, and within a month, Euro Pratik had delivered nearly 50% returns, climbing toward INR 370.
What changed? The market finally recognised the company’s niche positioning in the premium home-furnishing and interior solutions segment, a space that has quietly been growing at double digits post-pandemic. With urban renovation and housing demand back on track, Euro Pratik’s asset-light model and expanding design network drew institutional interest.
Margins remained stable, and robust Q2 demand hinted at scaleability. Investors who ignored it at listing are now calling it one of the smartest consumer-durable plays of the season.
Top Performing IPOs of Sep-Oct: 30-Day Scorecard
| Company | Allotment Price (INR) | Listing Gain (%) | Current Price (INR) | 30-Day Return (%) |
|---|---|---|---|---|
| EPACK Prefab | 204 | (6.5) | 329.9 | 64.8 |
| Anand Rathi Share | 414 | 7.60 | 779.9 | 54.9 |
| Euro Pratik Sales | 247 | 0.50 | 369.6 | 45.1 |
| Shreeji Shipping Global | 252 | 1.23 | 316.35 | 35.7 |
| Jain Resource Recycling | 232 | 37.09 | 459.30 | 31.2 |
Why These IPOs Took Off So Fast
What connects these three names isn’t luck — it’s execution meeting timing. Each of them entered the market just as their respective sectors were turning upward: industrial capex for EPACK, retail investing for Anand Rathi, and home-improvement spending for Euro Pratik.
Their earnings and business updates arrived within weeks of listing, giving investors immediate validation that the IPO hype wasn’t hollow. And because all three debuted at reasonable valuations, the subsequent re-rating was swift once results proved strong.
Institutional investors — mutual funds, PMSs, and HNIs — began accumulating positions in October, fuelling a self-reinforcing rally that the retail crowd soon joined.
A More Mature Market
The 2025 IPO cycle has signalled a quiet evolution in India’s capital markets. Gone are the days when grey-market premiums alone drove investor behaviour. Now, the focus has shifted toward post-listing performance, earnings delivery, and sector sustainability. That’s why EPACK, Anand Rathi, and Euro Pratik — all moderate debutants — are today’s headline makers.
Final Words: The Real Verdict Comes After Listing
The past month has offered a simple but powerful reminder:
Listing day is just noise — the next 30 days tell the truth.
These three stocks show that strong fundamentals, timely execution and sector alignment can outperform even the flashiest debuts. In a market chasing quick excitement, they’ve proved that quiet quality can move faster than hype.
For investors watching the IPO calendar, the takeaway is clear —
don’t judge a stock by its debut; judge it by its delivery.
According to IPO Central, as of October 2025, 82 IPOs have been listed this year, delivering cumulative returns of 9.2%. The average current return across these IPOs stands at approximately 15.7%. Collectively, these offerings have raised INR 1,21,303 crore, and the total fundraising is expected to surpass the INR 1.5 lakh crore mark by the end of December.
For context, in 2024, 90 IPOs were launched, recording an impressive average listing gain of around 30%. These IPOs collectively raised INR 1,59,524.02 crore.
In 2025, Tata Capital has so far led with the largest IPO, raising INR 15,511.87 crore, followed by LG Electronics at INR 11,604.73 crore. On the other hand, Jinkushal Industries has recorded the smallest issue size at INR 116.15 crore.
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