These 7 IPOs From 2025 Delivered the Highest Returns Since Listing: Aditya Infotech, Ather Energy Lead

Several recent IPOs have rewarded investors handsomely, with a few stocks more than doubling from their issue prices. Data as of February 18, 2026 shows that Aditya Infotech and Ather Energy led the pack, while Highway Infrastructure was the only stock trading below its issue price.
IPO Performance Snapshot (As of Feb 18, 2026)
| Stock | Issue Price (₹) | Listing Day Close (₹) | NSE Close (Feb 18, 2026) (₹) | Change vs Issue Price (₹) |
| Aditya Infotech | 675 | 1,573.25 | 1,572.00 | +897.00 |
| Ather Energy | 321 | 707.85 | 725.60 | +404.60 |
| Belrise Industries | 90 | 186.65 | 185.50 | +95.50 |
| Bharat Coking Coal | 23 | 40.66 | 34.83 | +11.83 |
| Quadrant Future Tek | 290 | 448.75 | 308.00 | +18.00 |
| Highway Infrastructure | 70 | 122.84 | 56.60 | -13.40 |
| Meesho | 111 | 170.20 | 156.49 | +45.49 |
Aditya Infotech Led the Chart with a Near ₹900 Gain
Aditya Infotech delivered the biggest absolute gain among the group. The stock jumped sharply on listing and continued to hold its premium, closing at ₹1,572 on February 18, 2026 , nearly identical to its listing close.
The stock’s gain of ₹897 over the issue price reflects strong investor confidence in the company’s surveillance and security solutions business.
Highway Infrastructure Was the Only Stock Below Issue Price
Highway Infrastructure was the clear laggard in the group. Despite a strong debut, the stock fell sharply afterward and closed at ₹56.60, below both its listing close and issue price.
This highlights a key IPO lesson: listing day gains don’t always translate into long-term returns, especially in EPC and project-driven businesses.
Conclusion
Recent IPO listings have delivered impressive gains for investors, particularly in technology, electric mobility, and manufacturing-focused companies. While some stocks cooled off after debut day, several continued to trade significantly above their issue prices as of February 18, 2026.
The table also reinforces an important takeaway: IPO returns are increasingly being driven by growth visibility and sector momentum, not just brand familiarity or offer size. At the same time, stocks like Highway Infrastructure show that post-listing performance can diverge sharply, making selectivity crucial for IPO investors.
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.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Feb 19, 2026, 12:45 PM IST

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