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

×

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Hi-Green Carbon Limited	Beeline Capital Advisors Private Limited	28 Sep 2023	Recycling - Waste	17.28	52.80	134400	75.00	1.01	249.75	3.36
Paragon Fine And Speciality Chemicals Limited	Hem Securities Limited	03 Nov 2023	Chemical - Speciality	13.51	51.66	100800	100.00	1.01	107.65	1.09
Kalyani Cast Tech Limited	Gretex Corporate Services Limited	17 Nov 2023	Automobile - Forging and Casting	8.49	30.11	216000	139.00	3.00	472.70	10.21
Siyaram Recycling Industries Limited	Hem Securities Limited	21 Dec 2023	Recycling - Metal	10.90	22.96	219000	46.00	1.01	174.60	3.82
Shanti Spintex Limited	Hem Securities Limited	27 Dec 2023	Textiles - Fabrics	11.67	31.25	156000	70.00	1.09	65.50	1.02
Akanksha Power and Infrastructure Limited	Narnolia Financial Services Limited	03 Jan 2024	Electric Equipments - OEM	35.72	27.49	400000	55.00	2.20	141.75	5.67
Kaushalya Logistics Limited	Khandwala Securities Limited	08 Jan 2024	Logistics	16.20	36.60	134400	75.00	1.01	104.80	1.41
New Swan Multitech Limited	Hem Securities Limited	18 Jan 2024	Engineering - Automotive	12.65	33.11	158000	66.00	1.04	60.50	0.96
Addictive Learning Technology Limited	Narnolia Financial Services Limited	30 Jan 2024	Education - Edtech	29.37	60.16	161000	140.00	2.25	383.65	6.18
Fonebox Retail Limited	Beeline Capital Advisors Private Limited	02 Feb 2024	Retail	44.93	20.37	144000	70.00	1.01	145.00	2.09
Owais Metal and Mineral Processing Limited	Gretex Corporate Services Limited	04 Mar 2024	Minerals	15.50	42.69	115200	87.00	1.00	1241.55	14.30
Pratham EPC Projects Limited	Beeline Capital Advisors Private Limited	18 Mar 2024	Engineering - EPC	12.72	36.00	161600	75.00	1.21	232.35	3.75
Enfuse Solutions Limited	Hem Securities Limited	22 Mar 2024	Information Technology - Data Solutions	23.80	22.44	126000	96.00	1.21	200.20	2.52
KP Green Engineering Limited	Beeline Capital Advisors Private Limited	22 Mar 2024	Steel	31.95	189.50	277000	144.00	3.99	582.55	16.14
TAC Infosec Limited	Beeline Capital Advisors Private Limited	05 Apr 2024	Information Technology - SaaS	28.50	29.99	94800	106.00	1.00	757.65	7.18
Emmforce Autotech Limited	Beeline Capital Advisors Private Limited	30 Apr 2024	Engineering - Automotive	22.90	53.90	103200	98.00	1.01	102.00	1.05
Shivalic Power Control Limited	Corporate Capital Ventures Private Limited	01 Jul 2024	Power and Energy	23.79	64.32	200400	100.00	2.00	199.60	4.00
Mach Conferences and Events Limited	Beeline Capital Advisors Private Limited	11 Sep 2024	Advertising and Media - Events	18.08	125.28	166800	225.00	3.75	295.55	4.93

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Hi-Green Carbon Limited	Beeline Capital Advisors Private Limited	28 Sep 2023	Recycling - Waste	17.28	52.80	134400	75.00	1.01	249.75	3.36
Paragon Fine And Speciality Chemicals Limited	Hem Securities Limited	03 Nov 2023	Chemical - Speciality	13.51	51.66	100800	100.00	1.01	107.65	1.09
Kalyani Cast Tech Limited	Gretex Corporate Services Limited	17 Nov 2023	Automobile - Forging and Casting	8.49	30.11	216000	139.00	3.00	472.70	10.21
Siyaram Recycling Industries Limited	Hem Securities Limited	21 Dec 2023	Recycling - Metal	10.90	22.96	219000	46.00	1.01	174.60	3.82
Akanksha Power and Infrastructure Limited	Narnolia Financial Services Limited	03 Jan 2024	Electric Equipments - OEM	35.72	27.49	400000	55.00	2.20	141.75	5.67
Kaushalya Logistics Limited	Khandwala Securities Limited	08 Jan 2024	Logistics	16.20	36.60	134400	75.00	1.01	104.80	1.41
Addictive Learning Technology Limited	Narnolia Financial Services Limited	30 Jan 2024	Education - Edtech	29.37	60.16	161000	140.00	2.25	383.65	6.18
Fonebox Retail Limited	Beeline Capital Advisors Private Limited	02 Feb 2024	Retail	44.93	20.37	144000	70.00	1.01	145.00	2.09
Owais Metal and Mineral Processing Limited	Gretex Corporate Services Limited	04 Mar 2024	Minerals	15.50	42.69	115200	87.00	1.00	1241.55	14.30
Pratham EPC Projects Limited	Beeline Capital Advisors Private Limited	18 Mar 2024	Engineering - EPC	12.72	36.00	161600	75.00	1.21	232.35	3.75
Enfuse Solutions Limited	Hem Securities Limited	22 Mar 2024	Information Technology - Data Solutions	23.80	22.44	126000	96.00	1.21	200.20	2.52
KP Green Engineering Limited	Beeline Capital Advisors Private Limited	22 Mar 2024	Steel	31.95	189.50	277000	144.00	3.99	582.55	16.14
TAC Infosec Limited	Beeline Capital Advisors Private Limited	05 Apr 2024	Information Technology - SaaS	28.50	29.99	94800	106.00	1.00	757.65	7.18
Emmforce Autotech Limited	Beeline Capital Advisors Private Limited	30 Apr 2024	Engineering - Automotive	22.90	53.90	103200	98.00	1.01	102.00	1.05
Shivalic Power Control Limited	Corporate Capital Ventures Private Limited	01 Jul 2024	Power and Energy	23.79	64.32	200400	100.00	2.00	199.60	4.00
Mach Conferences and Events Limited	Beeline Capital Advisors Private Limited	11 Sep 2024	Advertising and Media - Events	18.08	125.28	166800	225.00	3.75	295.55	4.93

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Shanti Spintex Limited	Hem Securities Limited	27 Dec 2023	Textiles - Fabrics	11.67	31.25	156000	70.00	1.09	65.50	1.02
New Swan Multitech Limited	Hem Securities Limited	18 Jan 2024	Engineering - Automotive	12.65	33.11	158000	66.00	1.04	60.50	0.96

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
New Swan Multitech Limited	Hem Securities Limited	18 Jan 2024	Engineering - Automotive	12.65	33.11	158000	66.00	1.04	60.50	0.96
Emmforce Autotech Limited	Beeline Capital Advisors Private Limited	30 Apr 2024	Engineering - Automotive	22.90	53.90	103200	98.00	1.01	102.00	1.05

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Pratham EPC Projects Limited	Beeline Capital Advisors Private Limited	18 Mar 2024	Engineering - EPC	12.72	36.00	161600	75.00	1.21	232.35	3.75

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Owais Metal and Mineral Processing Limited	Gretex Corporate Services Limited	04 Mar 2024	Minerals	15.50	42.69	115200	87.00	1.00	1241.55	14.30

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Fonebox Retail Limited	Beeline Capital Advisors Private Limited	02 Feb 2024	Retail	44.93	20.37	144000	70.00	1.01	145.00	2.09

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Addictive Learning Technology Limited	Narnolia Financial Services Limited	30 Jan 2024	Education - Edtech	29.37	60.16	161000	140.00	2.25	383.65	6.18

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Kaushalya Logistics Limited	Khandwala Securities Limited	08 Jan 2024	Logistics	16.20	36.60	134400	75.00	1.01	104.80	1.41

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Akanksha Power and Infrastructure Limited	Narnolia Financial Services Limited	03 Jan 2024	Electric Equipments - OEM	35.72	27.49	400000	55.00	2.20	141.75	5.67

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Siyaram Recycling Industries Limited	Hem Securities Limited	21 Dec 2023	Recycling - Metal	10.90	22.96	219000	46.00	1.01	174.60	3.82

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Shanti Spintex Limited	Hem Securities Limited	27 Dec 2023	Textiles - Fabrics	11.67	31.25	156000	70.00	1.09	65.50	1.02

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Kalyani Cast Tech Limited	Gretex Corporate Services Limited	17 Nov 2023	Automobile - Forging and Casting	8.49	30.11	216000	139.00	3.00	472.70	10.21

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Hi-Green Carbon Limited	Beeline Capital Advisors Private Limited	28 Sep 2023	Recycling - Waste	17.28	52.80	134400	75.00	1.01	249.75	3.36
Fonebox Retail Limited	Beeline Capital Advisors Private Limited	02 Feb 2024	Retail	44.93	20.37	144000	70.00	1.01	145.00	2.09
Pratham EPC Projects Limited	Beeline Capital Advisors Private Limited	18 Mar 2024	Engineering - EPC	12.72	36.00	161600	75.00	1.21	232.35	3.75
KP Green Engineering Limited	Beeline Capital Advisors Private Limited	22 Mar 2024	Steel	31.95	189.50	277000	144.00	3.99	582.55	16.14
TAC Infosec Limited	Beeline Capital Advisors Private Limited	05 Apr 2024	Information Technology - SaaS	28.50	29.99	94800	106.00	1.00	757.65	7.18
Emmforce Autotech Limited	Beeline Capital Advisors Private Limited	30 Apr 2024	Engineering - Automotive	22.90	53.90	103200	98.00	1.01	102.00	1.05
Mach Conferences and Events Limited	Beeline Capital Advisors Private Limited	11 Sep 2024	Advertising and Media - Events	18.08	125.28	166800	225.00	3.75	295.55	4.93

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Paragon Fine And Speciality Chemicals Limited	Hem Securities Limited	03 Nov 2023	Chemical - Speciality	13.51	51.66	100800	100.00	1.01	107.65	1.09
Siyaram Recycling Industries Limited	Hem Securities Limited	21 Dec 2023	Recycling - Metal	10.90	22.96	219000	46.00	1.01	174.60	3.82
Shanti Spintex Limited	Hem Securities Limited	27 Dec 2023	Textiles - Fabrics	11.67	31.25	156000	70.00	1.09	65.50	1.02
New Swan Multitech Limited	Hem Securities Limited	18 Jan 2024	Engineering - Automotive	12.65	33.11	158000	66.00	1.04	60.50	0.96
Enfuse Solutions Limited	Hem Securities Limited	22 Mar 2024	Information Technology - Data Solutions	23.80	22.44	126000	96.00	1.21	200.20	2.52

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Kalyani Cast Tech Limited	Gretex Corporate Services Limited	17 Nov 2023	Automobile - Forging and Casting	8.49	30.11	216000	139.00	3.00	472.70	10.21
Owais Metal and Mineral Processing Limited	Gretex Corporate Services Limited	04 Mar 2024	Minerals	15.50	42.69	115200	87.00	1.00	1241.55	14.30

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Akanksha Power and Infrastructure Limited	Narnolia Financial Services Limited	03 Jan 2024	Electric Equipments - OEM	35.72	27.49	400000	55.00	2.20	141.75	5.67
Addictive Learning Technology Limited	Narnolia Financial Services Limited	30 Jan 2024	Education - Edtech	29.37	60.16	161000	140.00	2.25	383.65	6.18

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Shivalic Power Control Limited	Corporate Capital Ventures Private Limited	01 Jul 2024	Power and Energy	23.79	64.32	200400	100.00	2.00	199.60	4.00

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Kaushalya Logistics Limited	Khandwala Securities Limited	08 Jan 2024	Logistics	16.20	36.60	134400	75.00	1.01	104.80	1.41

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List of All Anchor Investors

LC Radiance Fund VCC

LC Radiance Fund VCC is an Anchor investor actively investing in the SME space in India. They have invested in "18" SME IPOs so far out of which "16" IPOs are in positive and "2" are in negative. Prominent sectors that they have invested in are Engineering - Automotive, Engineering - EPC, Minerals, Retail, Education - Edtech, Logistics, Electric Equipments - OEM, Recycling - Metal, Textiles - Fabrics, Automobile - Forging and Casting .

Total No. of SME IPOs invested in 18

LC Radiance Fund VCC 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

16

Mach Conferences and Events Limited

Amount Invested : 3.75 Cr.

Value Today : 4.93 Cr.

Date : 11 Sep 2024

Shivalic Power Control Limited

Amount Invested : 2.00 Cr.

Value Today : 4.00 Cr.

Date : 01 Jul 2024

Emmforce Autotech Limited

Amount Invested : 1.01 Cr.

Value Today : 1.05 Cr.

Date : 30 Apr 2024

TAC Infosec Limited

Amount Invested : 1.00 Cr.

Value Today : 7.18 Cr.

Date : 05 Apr 2024

Enfuse Solutions Limited

Amount Invested : 1.21 Cr.

Value Today : 2.52 Cr.

Date : 22 Mar 2024

KP Green Engineering Limited

Amount Invested : 3.99 Cr.

Value Today : 16.14 Cr.

Date : 22 Mar 2024

Pratham EPC Projects Limited

Amount Invested : 1.21 Cr.

Value Today : 3.75 Cr.

Date : 18 Mar 2024

Owais Metal and Mineral Processing Limited

Amount Invested : 1.00 Cr.

Value Today : 14.30 Cr.

Date : 04 Mar 2024

Fonebox Retail Limited

Amount Invested : 1.01 Cr.

Value Today : 2.09 Cr.

Date : 02 Feb 2024

Addictive Learning Technology Limited

Amount Invested : 2.25 Cr.

Value Today : 6.18 Cr.

Date : 30 Jan 2024

Kaushalya Logistics Limited

Amount Invested : 1.01 Cr.

Value Today : 1.41 Cr.

Date : 08 Jan 2024

Akanksha Power and Infrastructure Limited

Amount Invested : 2.20 Cr.

Value Today : 5.67 Cr.

Date : 03 Jan 2024

Siyaram Recycling Industries Limited

Amount Invested : 1.01 Cr.

Value Today : 3.82 Cr.

Date : 21 Dec 2023

Kalyani Cast Tech Limited

Amount Invested : 3.00 Cr.

Value Today : 10.21 Cr.

Date : 17 Nov 2023

Paragon Fine And Speciality Chemicals Limited

Amount Invested : 1.01 Cr.

Value Today : 1.09 Cr.

Date : 03 Nov 2023

Hi-Green Carbon Limited

Amount Invested : 1.01 Cr.

Value Today : 3.36 Cr.

Date : 28 Sep 2023

2

New Swan Multitech Limited

Amount Invested : 1.04 Cr.

Value Today : 0.96 Cr.

Date : 18 Jan 2024

Shanti Spintex Limited

Amount Invested : 1.09 Cr.

Value Today : 1.02 Cr.

Date : 27 Dec 2023

SME IPOs of Top Merchant Bankers where LC Radiance has invested

Beeline Capital Advisors Private Limited 7

Hem Securities Limited 5

Gretex Corporate Services Limited 2

Narnolia Financial Services Limited 2

Corporate Capital Ventures Private Limited 1

Khandwala Securities Limited 1

Top Sectors in which LC Radiance has invested

Engineering - Automotive 2

Engineering - EPC 1

Education - Edtech 1

Electric Equipments - OEM 1

Recycling - Metal 1

Textiles - Fabrics 1

Automobile - Forging and Casting 1

Explore other Top SME Anchor Investors

Rajasthan Global Securities Private Limited

Nav Capital Vcc - Nav Capital Emerging Star Fund

Saint Capital Fund

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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