India’s top mutual funds were selective during the September IPO rush, investing in just five of the seventeen new listings. Funds focused on larger issues, reflecting caution and a strategic approach amid a busy market.
| Company | IPO Size (₹ crore) | MF Participation | Listing Performance | Current Trend |
| Urban Company | 1,900 | SBI, ICICI Prudential, HDFC AMC, Nippon Life | +62% | -15% from peak |
| iValue Infosolutions | 62 | ICICI Prudential | +2.4% | Slightly up |
| Atlanta Electricals | 91.8 | HDFC AMC, ICICI Prudential, Kotak AMC | +14% | +13% since listing |
Source: Prime Monthly MF Database
The other two companies that received mutual fund investments in September 2025 were Seshasaai Technologies and Anand Rathi Share & Stockbrokers.
| Metric | FY24 | FY25 (till Sep) | Observation |
| QIB Allocation Subscribed by MFs | 43% | 35.6% | Falling participation |
| Average IPO Size (₹ crore) | 2,081.88 | 1,478.10 | Smaller IPOs get less MF attention |
Mutual funds are increasingly setting minimum size thresholds for IPO participation. Smaller IPOs below ₹550–600 crore are seeing limited fund involvement, while larger listings attract concentrated interest.
Read more: Mutual Funds Increase Exposure to PSU Banks in September 2025.
September 2025 IPOs saw mutual funds invest selectively, concentrating on high-value issues. The trend indicates a shift toward strategic, size-focused participation, signaling careful market evaluation rather than blanket buying.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual fund investments are subject to market risks. Read all the related documents carefully before investing.
Published on: Oct 17, 2025, 1:27 PM IST
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