Only 1 in 3 new-age IPOs beat market: Study

A five-year analysis reveals that sustained market outperformance is rare for Indian new-age companies post-IPO. While initial listing gains were common, only a third of IPO investors generated positive alpha over the BSE 500. Profitability and capital efficiency are now key investor benchmarks, signaling a shift from growth-focused narratives to disciplined market valuations.