IPO season in India was never boring and 2024-2025 have not been an exception. Both retail and institutional investors have been attracted to three big IPOs; Vishal Mega Mart IPO GMP, Bajaj Housing Finance IPO GMP, and NTPC Green Energy IPO GMP
But the question that counts is: Should you invest? Which of them is more reasonable than the other, in terms of your money?
We will discuss each of them, their performance, potential, who should consider investing in them.
1. Vishal Mega Mart IPO GMP – Retail Stronghold with Room to Grow.
Quick Overview:
Issue Price: Rs78 GMP: Rs19 to Rs25 Listing Day Performance: Opened Rs110-112 (41% premium) Subscription: 27x overloaded. Industry: Retail (value fashion, groceries, general merchandise)
What’s Working:
There is nothing new about Vishal Mega Mart in Indian homes. The company has a long history of loyal customers as it is cheap and accessible in tier-2 and tier-3 cities. Retail investors were the most massive buyers of the IPO. A 41 percent increase in the listing is an enormous vote of confidence.
In addition, its scalability and untapped potential in smaller towns is appealing to long-term investors. The retail industry in India remains mostly disorganized and Vishal is in the middle of the golden mean between cheap and broad access.
Should You Invest?
Yes, in as far as you are seeking growth in the domestic consumption arena. It is best for long-term investors, who think India has a growing middle class and consumer demand.
2. Bajaj Housing Finance IPO GMP – The Rockstar of 2024
Quick Overview:
GMP before listing: Rs 78+ Performance Listing: Shares doubled (136% gain!) Industry: Financial Services (Housing finance)
What’s Working:
Bajaj Housing Finance is a subsidiary of the reputable and successful NBFC in India, Bajaj Finance. And there was good reason why this was the largest IPO of the year in India.
Bajaj Housing Finance was poised to emerge the winner with the support of a strong parent company, a huge customer base, and the fact that the housing loan demand will keep soaring after the COVID. It is relatively low NPA, capital adequacy and efficient digital infrastructure which contributed to it gaining record levels of investor interest.
Should You Invest?
Definitely, at least if you are willing to compound on a long-term basis. It is a sure bet when one wants to find steady growth with an established brand.
One point: There is a relatively high post-listing valuation. So we can be better off by staggered investing (SIP-style) or alternatively waiting until there is a slight correction.
3. NTPC Green Energy IPO GMP – Green, yet Still Warming up
Quick Overview:
Issue Price: ₹108 GMP before listing: Barely ₹1 Listing Day Performance: Opened ~₹120 (~14% gain), but then fell back Sector: Renewable Energy (green arm of NTPC)
What’s Working:
NTPC Green Energy is also riding on the renewable energy mission in India. It is a component of the larger governmental effort to move towards clean energy. It has potential with parent company NTPC being stable with solar and wind projects on the anvil.
It has a 3x increase in Q4 profits, and that is positive. But investor sentiment was not so electric. The GMA was half-naked, and the inventory recorded a gain, but it did not have the ability to sustain the profit.
Should You Invest?
Yes–but on the condition that you believe in the green future of India, and that you can afford to invest long-term and patiently.
This can not be your best choice if you are a short-term investor and want to make fast profits.
IPO Face-Off: Which is Better?
| Characteristic | Vishal Mega Mart | Bajaj Housing Finance | NTPC Green Energy |
| Sector | Retail | Finance (Housing) | Renewable Energy |
| GMP (before listing) | ₹19–₹25 | ₹78+ | ₹1 |
| Listing Gain | ~41% | ~136% | ~14% |
| Investor Demand | High (27x oversubscription) | Very High | Moderate |
| Best For | Consumer spending growth | Safe, long-term wealth creation | Green energy believers |
| Risk Level | Low to Medium | Low | Medium to High |
| Long-term Potential | High | Very High | Moderate to High |
Conclusion: What IPO Do You Select?
When comparing them in terms of investment potential in general, the chart below ranks them like so:
- Bajaj housing finance – Best suited to long term investors seeking security, brand equity and fixed returns.
- Vishal Mega Mart – Excellent growth bet due to consumption story in India and tier-2 growth.
- NTPC Green Energy – ESG-friendly or long-term portfolio clean energy.
Closing Thoughts
The three IPOs attract various kinds of investors:
- Do you want to find a concrete compounding machine? Bajaj Housing Finance.
- Want to ride the retail boom? Vishal Mega Mart.
- Risking on the green future of India? NTPC Green Energy.
Whichever one you choose, ensure that it fits your risk profile, time horizon and investment objectives. IPOs are the best ways to enter at a low price, but keep in mind: It is not only about the Day 1, listing price but the 1,000 days to come and more.
Invest smart. Stay informed. And make your money work as hard as you can.
Follow Us : youtube