Discover the top IPO stocks in May 2025 backed by DIIs and anchor investors. Find out which new listings attracted major institutional confidence.
Best Performing IPO Stocks with DII & Anchor Investor Trust in May 2025
The Indian equity market is still seeing a flurry of activity in the IPO arena. May 2025 was not different, with some of the recently listed companies making headlines—not only for their listing but also for receiving strong support from Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs). Institutional support is a signal that usually indicates quality and assists retail investors in weeding out the rubbish from the crowded IPO market.
Here’s a review of the most popular IPO stocks of May 2025 that made it to the list for their strong institutional demand and high traded value.
1. PNB Housing Finance (PNBHOUSING)
Total Traded Value: ₹14,390.71 Cr
Category: DII, FII
Trade Count: 50
PNB Housing Finance emerged as the frontrunner in terms of traded value. With over ₹14,390 crore in institutional trades, this stock saw interest from both DIIs and FIIs. The financial services firm saw significant liquidity post-IPO, affirming strong long-term confidence in its mortgage lending growth story.
2. Sonata Software (SONATSOFTW)
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Total Traded Value: ₹9,517.62 Cr
Category: DII
Trade Count: 9
Sonata Software’s re-rating continues post-IPO with DIIs showing strong commitment. The company’s consistent earnings and digital transformation focus have made it a favorite among long-term institutional investors.
3. Bombay Stock Exchange (BSE)
Total Traded Value: ₹6,246.42 Cr
Category: DII
Trade Count: 1
Despite a single large trade, the BSE stock saw significant DII interest, indicating a strong belief in the value of India’s oldest stock exchange as a long-term infrastructure play in the financial markets.
4. KFin Technologies (KFINTECH)
Total Traded Value: ₹5,465.86 Cr
Category: DII, FII
Trade Count: 3
KFin Technologies continues to attract strong institutional flow. With its tech-driven financial services infrastructure, it’s seen as a vital enabler in India’s growing mutual fund and equity participation landscape.
5. Garden Reach Shipbuilders & Engineers (GRSE)
Total Traded Value: ₹4,291.29 Cr
Category: DII
Trade Count: 3
The defence sector has been gaining institutional favor, and GRSE is a prime beneficiary. Its strategic importance and order book strength make it a top pick for DIIs.
6. Angel One (ANGELONE)
Total Traded Value: ₹3,484.63 Cr
Category: FII
Trade Count: 1
Angel One attracted FII attention, likely due to its strong digital onboarding pipeline and revenue growth. The single large FII trade indicates focused but meaningful foreign interest.
7. Paytm (PAYTM)
Total Traded Value: ₹3,376.28 Cr
Category: DII, FII
Trade Count: 2
After months of volatility, Paytm appears to have regained institutional favor. Backing from both DIIs and FIIs in May suggests a potential bottoming out and a renewed narrative around its fintech ecosystem.
8. Paras Defence (PARAS)
Total Traded Value: ₹3,040.15 Cr
Category: DII
Trade Count: 8
Paras Defence continues to benefit from policy tailwinds and the Make-in-India push. High DII participation further validates its status as a niche but high-potential defence play.
9. CCL Products (CCL)
Total Traded Value: ₹2,857.66 Cr
Category: DII
Trade Count: 4
CCL, a leading coffee exporter, has shown stability in its post-IPO performance. DIIs have responded positively to its earnings momentum and global market reach.
10. Apollo Micro Systems (APOLLO)
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Total Traded Value: ₹2,400.95 Cr
Category: DII
Trade Count: 9
Apollo Micro Systems rounds off the top 10 list. Known for supplying mission-critical systems to defence and aerospace sectors, the stock continues to see institutional buildup thanks to India’s increasing focus on indigenous defence manufacturing.
Why Institutional Participation Matters in IPOs
When anchor investors, DIIs, and FIIs participate actively in IPOs, it often provides early validation of a company’s fundamentals. These institutions typically perform rigorous due diligence and take a long-term view, unlike retail participants who may focus on listing gains. Their involvement also lends much-needed liquidity and stability during post-listing volatility.
Key Takeaways
- Diversified Sectors: From fintech and housing to defence and coffee exports, a wide array of sectors caught institutional eyes.
- DII Dominance: Most entries in the list were driven by DII trades, suggesting increased domestic confidence in Indian equity stories.
- Anchor Support as a Signal: Investors looking for cues can rely on institutional trade data to make informed decisions about newly listed stocks.
Conclusion
May 2025 showed that IPOs with strong institutional and anchor support are more likely to maintain momentum post-listing. For retail investors, monitoring institutional participation can serve as a smart filter in evaluating IPO opportunities. Whether it’s a tech-forward company like KFintech or a traditional player like BSE, institutional validation remains a powerful signal in India’s evolving market landscape.
