223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

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Listed SME IPOs in India

Company Name Listing Year IPO Size Exchange Sector P/E Ratio Location Merchant Banker Offer Price Listing Price CMP

Upcoming SME IPOs in India

The below mentioned are the forthcoming SME IPOs for which DRHPs have been filed recently and are in process of approval by the BSE SME or NSE Emerge exchange.

See more >

*The Revenue and PAT figures mentioned above are on the Annualised basis.

SME IPO Dashboard

223

Total IPOs listed
in Calendar Year 2024

8413.28

Total Funds raised (Cr.)
in Calendar Year 2024

204

IPOs listed with gain
in Calendar Year 2024

19

IPOs listed with loss
in Calendar Year 2024

2024

IPO Fact Sheet

List of SME Merchant Bankers

Hem Securities Limited

Hem Securities is a SEBI registered CAT I Merchant Banker located in Jaipur. They provide services in various areas of capital markets which include Merchant Banking Services, Mutual Fund Services, Po ...

Detailed Review

No of IPOs so far

124

Total funds raised (Cr.)

2982.46

Avg IPO size (Cr.)

24.05

Avg Listing Gain (%)

33.92

Avg Subscription (X)

91.24
Connect

Pantomath Capital Advisors Private Limited

Pantomath Capital Advisors is a SEBI Registered Category I Merchant Banker located in Mumbai. They provide services in various areas of capital markets which include Merchant Banking Services, Investm ...

Detailed Review

No of IPOs so far

103

Total funds raised (Cr.)

1678.62

Avg IPO size (Cr.)

16.30

Avg Listing Gain (%)

10.65

Avg Subscription (X)

8.87
Connect

Aryaman Financial Services Limited

Aryaman Financial Services is a SEBI registered CAT I Merchant Banker located in New Delhi. They provide services in various areas of capital markets which include Merchant Banking Services, Valuation ...

Detailed Review

No of IPOs so far

84

Total funds raised (Cr.)

1140.70

Avg IPO size (Cr.)

13.58

Avg Listing Gain (%)

4.92

Avg Subscription (X)

4.88
Connect

Beeline Capital Advisors Private Limited

BCAPL is a SEBI registered CAT I Merchant Banker located in Ahmedabad. They provide services in various areas of capital markets which include Merchant Banking Services, Corporate Advisory Services, a ...

Detailed Review

No of IPOs so far

64

Total funds raised (Cr.)

1827.27

Avg IPO size (Cr.)

28.55

Avg Listing Gain (%)

48.68

Avg Subscription (X)

172.03
Connect

First Overseas Capital Limited

First Overseas Capital is a SEBI registered CAT I Merchant Banker located in Mumbai. They provide services in various areas of capital markets which include Merchant Banking Services, Valuation, Priva ...

Detailed Review

No of IPOs so far

51

Total funds raised (Cr.)

864.46

Avg IPO size (Cr.)

16.95

Avg Listing Gain (%)

5.74

Avg Subscription (X)

7.52
Connect

Gretex Corporate Services Limited

Gretex is a SEBI Registered Category I Merchant Banker located in Mumbai. They provide services in various areas of capital markets which include Merchant Banking Services, Valuation, and Transaction ...

Detailed Review

No of IPOs so far

48

Total funds raised (Cr.)

832.40

Avg IPO size (Cr.)

17.34

Avg Listing Gain (%)

18.32

Avg Subscription (X)

43.65
Connect

Sarthi Capital Advisors Private Limited

Sarthi Capital Advisors is a SEBI Registered Category I Merchant Banker located in New Delhi. They provide services in various areas of capital markets which include Merchant Banking Services, corpora ...

Detailed Review

No of IPOs so far

48

Total funds raised (Cr.)

745.76

Avg IPO size (Cr.)

15.54

Avg Listing Gain (%)

17.59

Avg Subscription (X)

15.23
Connect

Guiness Corporate Advisors Private Limited

Guiness Corporate Advisors Private Limited is a SEBI registered CAT I Merchant Banker located in Kolkata. They provide services in various areas of capital market like IPO, Private Equity, Investment ...

Detailed Review

No of IPOs so far

47

Total funds raised (Cr.)

585.29

Avg IPO size (Cr.)

12.45

Avg Listing Gain (%)

7.28

Avg Subscription (X)

6.46
Connect

Fedex Securities Private Limited

Gretex is a SEBI Registered Category I Merchant Banker located in Mumbai. They provide services in various areas of capital markets which include Merchant Banking Services, Valuation, and Transaction ...

Detailed Review

No of IPOs so far

44

Total funds raised (Cr.)

1133.45

Avg IPO size (Cr.)

25.76

Avg Listing Gain (%)

16.96

Avg Subscription (X)

69.71
Connect

Finshore Management Services Limited

Finshore Management Services is a SEBI registered CAT I Merchant Banker located in Kolkata. They provide services in various areas of capital markets which include Merchant Banking Services, Corporate ...

Detailed Review

No of IPOs so far

44

Total funds raised (Cr.)

540.15

Avg IPO size (Cr.)

12.28

Avg Listing Gain (%)

21.34

Avg Subscription (X)

57.77
Connect

FAQs

Mainboard IPO

To list on the NSE for a Mainboard IPO, a company must have ₹10 crore paid-up capital, ₹25 crore market capitalization, a 3-year track record, and comply with legal requirements, with no insolvency or debt defaults.

To list on the BSE, the company must have ₹10 crore paid-up capital, raise at least ₹10 crore in the IPO, and have a ₹25 crore market capitalization post-issue.

For more details, please refer to Link https://www.ipoplatform.com/blogs/difference-between-mainboard-and-sme-ipo/127

SME IPO 

To list on NSE Emerge and BSE SME, a company’s post-issue capital should not exceed to Rs 25 crore a 3-year track record, and profit in 2 of the last 3 years. The company must have, ₹1 crore net worth, ₹3 crore net tangible assets, and at least 1 year of operating profit or a 3-year track record from its predecessor.

For details on NSE SME eligibility, refer to Link https://www.ipoplatform.com/blogs/nse-sme-eligibility-criteria/135

For details on BSE SME eligibility criteria, refer to link https://www.ipoplatform.com/blogs/bse-sme-eligibility-criteria/134

Valuation of a company for an IPO depends on several factors, including:

  • Revenue: Positive revenue often leads to positive profit (PAT), affecting the P/E ratio.
  • Growth Potential: A company’s ability to expand revenue and profits based on market demand and strategies.
  • Market Conditions: The overall market environment at the time of the IPO.
  • Industry: The company’s industry and its trends, which influence the P/E multiple and valuation.

Learn More

  • IPO process includes filing DRHP which gives details on the utilizations of the funds in its objects of offer section. Generally, the funds are utilized towards working capital, capital expansion and repayment of debt.

When a company raises funds through an IPO (Initial Public Offering), following things should be kept in mind;

  1. Separate Bank Account: All the money raised from the IPO must be kept in a separate bank account.
  2. Usage of Funds: The company must clearly show how the raised money was spent in its financial reports, including the purpose of each expenditure.
  3. Unutilized Funds: If any money from the IPO is not used, the company must disclose where and how those funds are being kept or invested.

The merchant banker must have to provide the details of utilization to SEBI. 

IPO advisors or SME IPO Consultants play a crucial role in guiding the company through the IPO process. They assist with structuring the offering, preparing necessary documentation, IPO pricing with fair valuations, ensuring regulatory compliance, due diligence activity, and helping market the IPO to potential investors. Their expertise ensures a smooth and successful public listing.

IPO platform in India provides information on upcoming IPOs on NSE Emerge and BSE SME and list of merchant bankers and anchor investors. Role of IPO advisor is important in the success of the listings. 

Understand the role of IPO Advisors

Pre IPO-Issue also has to comply with SEBI ICDR regulations.

A pre-IPO company might get eventually listed on NSE Emerge, BSE SME or mainboard platform of the stock exchanges by fulfilling the NSE/BSE eligibility criteria. Best Merchant Bankers in India have the role and responsibility for launching IPO.

For further details refer this link https://www.ipoplatform.com/blogs/what-is-pre-ipo-investment-and-role-of-ipo-advisors/142

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

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