Pre-IPO to Public Markets: A Year review for recent Listings

25 December 2025

Over the past year, several companies that were once part of the pre-IPO universe have successfully crossed the final milestone  entry into the public markets.

Names like HDB Financial Services, Wakefit, Groww, Lenskart, Meesho, Studds Accessories, Tata Capital, LG Electronics India, PhysicsWallah, Pace Digitek, and Vikram Solar are no longer just private growth stories they are now publicly listed companies with real market discovery.

• What makes this transition noteworthy is not just the listings, but the timing and scale at which these companies entered the markets. Many of them listed amid tight liquidity conditions, higher scrutiny on valuations, and sharper investor expectations yet managed to attract demand and deliver meaningful listing outcomes.​

• Performance across these listings was mixed, spanning strong debut gains, flat listings, and gradual post-listing upside.
  

For investors who accessed these names during the pre-IPO phase, the journey reflects something important:

Early conviction, when backed by strong business fundamentals and sector leadership, can translate into credible public-market performance.

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