Dalal Street’s new-age tech bets take wings in 2025: 6 mainboard IPOs deliver solid gains, some more than doubling

November 21, 2025

New-age tech IPOs on Dalal Street in 2025, including Urban Company and Ather Energy, have delivered significant gains, with some more than doubling. Despite initial rallies, recent pullbacks are attributed to profit booking and reassessment of valuations amid macro headwinds. Investors are now focusing on fundamentals like profitability and sustainable growth.

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