43 Total SME IPOs listed in 2025

1993.07 Crs. Total funds raised in 2025

32 SME IPOs listed with Gain in 2025

11 SME IPOs listed with loss in 2025

43 Total SME IPOs listed in 2025

1993.07 Crs. Total funds raised in 2025

32 SME IPOs listed with Gain in 2025

11 SME IPOs listed with loss in 2025

43 Total SME IPOs listed in 2025

1993.07 Crs. Total funds raised in 2025

32 SME IPOs listed with Gain in 2025

11 SME IPOs listed with loss in 2025

43 Total SME IPOs listed in 2025

1993.07 Crs. Total funds raised in 2025

32 SME IPOs listed with Gain in 2025

11 SME IPOs listed with loss in 2025

×

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Infollion Research Services Limited	Holani Consultants Private Limited	08 Jun 2023	Human Resources and Manpower	14.24	21.45	361600	82.00	2.97	377.00	13.63
Greenchef Appliances Limited	Hem Securities Limited	06 Jul 2023	Electric Equipments	14.87	53.62	233600	87.00	2.03	68.45	1.60
S J Logistics (India) Limited	Hem Securities Limited	19 Dec 2023	Logistics	9.72	48.00	160000	125.00	2.00	522.85	8.37
Shri Balaji Valve Components Limited	Hem Securities Limited	03 Jan 2024	Valves	11.04	21.60	100800	100.00	1.01	110.75	1.12
Konstelec Engineers Limited	Beeline Capital Advisors Private Limited	30 Jan 2024	Agro - Plantation	11.59	28.70	160000	70.00	1.12	72.05	1.15
Alpex Solar Limited	Corporate Capital Ventures Private Limited	15 Feb 2024	Solar	18.50	74.52	90000	115.00	1.04	627.00	5.64
Esconet Technologies Limited	Corporate Capital Ventures Private Limited	23 Feb 2024	Information Technology - Data Solutions	16.99	28.22	238400	84.00	2.00	186.55	4.45
Aspire & Innovative Advertising Limited	Hem Securities Limited	03 Apr 2024	Electric Equipments	10.42	21.97	234000	54.00	1.26	28.85	0.68
Aeron Composite Limited	Hem Securities Limited	04 Sep 2024	Plastic and Polymer	20.70	56.10	80000	125.00	1.00	132.10	1.06
Ema Partners India Limited	Indorient Financial Services Limited	24 Jan 2025	Human Resources and Manpower	21.98	76.01	162000	124.00	2.01	121.40	1.97
H.M. Electro Mech Limited	Beeline Capital Advisors Private Limited	31 Jan 2025	Engineering - EPC	15.39	27.74	507200	75.00	3.80	67.43	3.42
Solarium Green Energy Limited	Beeline Capital Advisors Private Limited	13 Feb 2025	Solar	26.36	105.04	351000	191.00	6.70	255.95	8.98

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Infollion Research Services Limited	Holani Consultants Private Limited	08 Jun 2023	Human Resources and Manpower	14.24	21.45	361600	82.00	2.97	377.00	13.63
S J Logistics (India) Limited	Hem Securities Limited	19 Dec 2023	Logistics	9.72	48.00	160000	125.00	2.00	522.85	8.37
Shri Balaji Valve Components Limited	Hem Securities Limited	03 Jan 2024	Valves	11.04	21.60	100800	100.00	1.01	110.75	1.12
Konstelec Engineers Limited	Beeline Capital Advisors Private Limited	30 Jan 2024	Agro - Plantation	11.59	28.70	160000	70.00	1.12	72.05	1.15
Alpex Solar Limited	Corporate Capital Ventures Private Limited	15 Feb 2024	Solar	18.50	74.52	90000	115.00	1.04	627.00	5.64
Esconet Technologies Limited	Corporate Capital Ventures Private Limited	23 Feb 2024	Information Technology - Data Solutions	16.99	28.22	238400	84.00	2.00	186.55	4.45
Aeron Composite Limited	Hem Securities Limited	04 Sep 2024	Plastic and Polymer	20.70	56.10	80000	125.00	1.00	132.10	1.06
Solarium Green Energy Limited	Beeline Capital Advisors Private Limited	13 Feb 2025	Solar	26.36	105.04	351000	191.00	6.70	255.95	8.98

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Greenchef Appliances Limited	Hem Securities Limited	06 Jul 2023	Electric Equipments	14.87	53.62	233600	87.00	2.03	68.45	1.60
Aspire & Innovative Advertising Limited	Hem Securities Limited	03 Apr 2024	Electric Equipments	10.42	21.97	234000	54.00	1.26	28.85	0.68
Ema Partners India Limited	Indorient Financial Services Limited	24 Jan 2025	Human Resources and Manpower	21.98	76.01	162000	124.00	2.01	121.40	1.97
H.M. Electro Mech Limited	Beeline Capital Advisors Private Limited	31 Jan 2025	Engineering - EPC	15.39	27.74	507200	75.00	3.80	67.43	3.42

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Greenchef Appliances Limited	Hem Securities Limited	06 Jul 2023	Electric Equipments	14.87	53.62	233600	87.00	2.03	68.45	1.60
Aspire & Innovative Advertising Limited	Hem Securities Limited	03 Apr 2024	Electric Equipments	10.42	21.97	234000	54.00	1.26	28.85	0.68

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Infollion Research Services Limited	Holani Consultants Private Limited	08 Jun 2023	Human Resources and Manpower	14.24	21.45	361600	82.00	2.97	377.00	13.63
Ema Partners India Limited	Indorient Financial Services Limited	24 Jan 2025	Human Resources and Manpower	21.98	76.01	162000	124.00	2.01	121.40	1.97

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Alpex Solar Limited	Corporate Capital Ventures Private Limited	15 Feb 2024	Solar	18.50	74.52	90000	115.00	1.04	627.00	5.64
Solarium Green Energy Limited	Beeline Capital Advisors Private Limited	13 Feb 2025	Solar	26.36	105.04	351000	191.00	6.70	255.95	8.98

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Konstelec Engineers Limited	Beeline Capital Advisors Private Limited	30 Jan 2024	Agro - Plantation	11.59	28.70	160000	70.00	1.12	72.05	1.15

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
H.M. Electro Mech Limited	Beeline Capital Advisors Private Limited	31 Jan 2025	Engineering - EPC	15.39	27.74	507200	75.00	3.80	67.43	3.42

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Aeron Composite Limited	Hem Securities Limited	04 Sep 2024	Plastic and Polymer	20.70	56.10	80000	125.00	1.00	132.10	1.06

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Esconet Technologies Limited	Corporate Capital Ventures Private Limited	23 Feb 2024	Information Technology - Data Solutions	16.99	28.22	238400	84.00	2.00	186.55	4.45

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Shri Balaji Valve Components Limited	Hem Securities Limited	03 Jan 2024	Valves	11.04	21.60	100800	100.00	1.01	110.75	1.12

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
S J Logistics (India) Limited	Hem Securities Limited	19 Dec 2023	Logistics	9.72	48.00	160000	125.00	2.00	522.85	8.37

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Greenchef Appliances Limited	Hem Securities Limited	06 Jul 2023	Electric Equipments	14.87	53.62	233600	87.00	2.03	68.45	1.60
S J Logistics (India) Limited	Hem Securities Limited	19 Dec 2023	Logistics	9.72	48.00	160000	125.00	2.00	522.85	8.37
Shri Balaji Valve Components Limited	Hem Securities Limited	03 Jan 2024	Valves	11.04	21.60	100800	100.00	1.01	110.75	1.12
Aspire & Innovative Advertising Limited	Hem Securities Limited	03 Apr 2024	Electric Equipments	10.42	21.97	234000	54.00	1.26	28.85	0.68
Aeron Composite Limited	Hem Securities Limited	04 Sep 2024	Plastic and Polymer	20.70	56.10	80000	125.00	1.00	132.10	1.06

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Konstelec Engineers Limited	Beeline Capital Advisors Private Limited	30 Jan 2024	Agro - Plantation	11.59	28.70	160000	70.00	1.12	72.05	1.15
H.M. Electro Mech Limited	Beeline Capital Advisors Private Limited	31 Jan 2025	Engineering - EPC	15.39	27.74	507200	75.00	3.80	67.43	3.42
Solarium Green Energy Limited	Beeline Capital Advisors Private Limited	13 Feb 2025	Solar	26.36	105.04	351000	191.00	6.70	255.95	8.98

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Alpex Solar Limited	Corporate Capital Ventures Private Limited	15 Feb 2024	Solar	18.50	74.52	90000	115.00	1.04	627.00	5.64
Esconet Technologies Limited	Corporate Capital Ventures Private Limited	23 Feb 2024	Information Technology - Data Solutions	16.99	28.22	238400	84.00	2.00	186.55	4.45

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Infollion Research Services Limited	Holani Consultants Private Limited	08 Jun 2023	Human Resources and Manpower	14.24	21.45	361600	82.00	2.97	377.00	13.63

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Ema Partners India Limited	Indorient Financial Services Limited	24 Jan 2025	Human Resources and Manpower	21.98	76.01	162000	124.00	2.01	121.40	1.97

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List of All Anchor Investors

India Max Investment Fund Limited

India Max Investment Fund Limited is an Anchor investor actively investing in the SME space in India. They have invested in "12" SME IPOs so far out of which "8" IPOs are in positive and "4" are in negative. Prominent sectors that they have invested in are Electric Equipments, Human Resources and Manpower, Solar, Agro - Plantation, Engineering - EPC, Plastic and Polymer, Information Technology - Data Solutions, Valves, Logistics .

Total No. of SME IPOs invested in 12

India Max Investment Fund Limited Review

Number of SME IPOs

Amount Invested (in Cr.)

IPOs in Gain vs Loss

(Issue Price Vs Current price)

Amount Invested vs Value Today

(*Assuming Investments are held till date)

List of SME IPOs Invested

8

Solarium Green Energy Limited

Amount Invested : 6.70 Cr.

Value Today : 8.98 Cr.

Date : 13 Feb 2025

Aeron Composite Limited

Amount Invested : 1.00 Cr.

Value Today : 1.06 Cr.

Date : 04 Sep 2024

Esconet Technologies Limited

Amount Invested : 2.00 Cr.

Value Today : 4.45 Cr.

Date : 23 Feb 2024

Alpex Solar Limited

Amount Invested : 1.04 Cr.

Value Today : 5.64 Cr.

Date : 15 Feb 2024

Konstelec Engineers Limited

Amount Invested : 1.12 Cr.

Value Today : 1.15 Cr.

Date : 30 Jan 2024

Shri Balaji Valve Components Limited

Amount Invested : 1.01 Cr.

Value Today : 1.12 Cr.

Date : 03 Jan 2024

S J Logistics (India) Limited

Amount Invested : 2.00 Cr.

Value Today : 8.37 Cr.

Date : 19 Dec 2023

Infollion Research Services Limited

Amount Invested : 2.97 Cr.

Value Today : 13.63 Cr.

Date : 08 Jun 2023

4

H.M. Electro Mech Limited

Amount Invested : 3.80 Cr.

Value Today : 3.42 Cr.

Date : 31 Jan 2025

Ema Partners India Limited

Amount Invested : 2.01 Cr.

Value Today : 1.97 Cr.

Date : 24 Jan 2025

Aspire & Innovative Advertising Limited

Amount Invested : 1.26 Cr.

Value Today : 0.68 Cr.

Date : 03 Apr 2024

Greenchef Appliances Limited

Amount Invested : 2.03 Cr.

Value Today : 1.60 Cr.

Date : 06 Jul 2023

SME IPOs of Top Merchant Bankers where India Max has invested

Hem Securities Limited 5

Beeline Capital Advisors Private Limited 3

Corporate Capital Ventures Private Limited 2

Holani Consultants Private Limited 1

Indorient Financial Services Limited 1

Top Sectors in which India Max has invested

Electric Equipments 2

Human Resources and Manpower 2

Agro - Plantation 1

Engineering - EPC 1

Plastic and Polymer 1

Information Technology - Data Solutions 1

Explore other Top SME Anchor Investors

Rajasthan Global Securities Private Limited

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List of All Anchor Investors

Fact Sheet

Top 10
IPOs by funds raised till date

Top 10
IPOs by Subscription till date

Top 10
IPOs by Listing Gains till date

Top 10
IPOs by Profitability till date

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