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.)
EKI Energy Services Limited	Hem Securities Limited	07 Apr 2021	Recycling	6.50	18.60	259200	102.00	2.64	130.55	3.38
Prevest Denpro Limited	Hem Securities Limited	27 Sep 2021	Healthcare	13.55	26.61	451200	84.00	3.79	429.60	19.38
KN Agri Resources Limited	Hem Securities Limited	28 Mar 2022	Agro	5.57	49.38	400000	75.00	3.00	209.00	8.36
Concord Control Systems Limited	Hem Securities Limited	10 Oct 2022	Engineering - Heavy Machinery	12.14	8.32	246000	55.00	1.35	1151.00	28.31
All E Technologies Limited	Unistone Capital Private Limited	21 Dec 2022	Information Technology - SaaS	15.36	48.20	112000	90.00	1.01	388.70	4.35
Droneacharya Aerial Innovations Limited	Corporate Capital Ventures Private Limited	23 Dec 2022	Drone	45.00	33.97	740000	54.00	4.00	73.66	5.45
Shera Energy Limited	Holani Consultants Private Limited	17 Feb 2023	Cables and Wires	15.16	35.20	500000	57.00	2.85	145.15	7.26
Macfos Limited	Hem Securities Limited	01 Mar 2023	Electric Equipments	15.22	23.74	330000	102.00	3.37	780.00	25.74
Systango Technologies Limited	Hem Securities Limited	15 Mar 2023	Information Technology - Data Solutions	15.13	34.82	206400	90.00	1.86	218.10	4.50
Sudarshan Pharma Industries Limited	Gretex Corporate Services Limited	22 Mar 2023	Pharmaceutical	24.33	50.10	236800	73.00	1.73	31.90	0.76
Vasa Denticity Limited	Hem Securities Limited	02 Jun 2023	Healthcare	30.62	54.07	240000	128.00	3.07	602.80	14.47

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
EKI Energy Services Limited	Hem Securities Limited	07 Apr 2021	Recycling	6.50	18.60	259200	102.00	2.64	130.55	3.38
Prevest Denpro Limited	Hem Securities Limited	27 Sep 2021	Healthcare	13.55	26.61	451200	84.00	3.79	429.60	19.38
KN Agri Resources Limited	Hem Securities Limited	28 Mar 2022	Agro	5.57	49.38	400000	75.00	3.00	209.00	8.36
Concord Control Systems Limited	Hem Securities Limited	10 Oct 2022	Engineering - Heavy Machinery	12.14	8.32	246000	55.00	1.35	1151.00	28.31
All E Technologies Limited	Unistone Capital Private Limited	21 Dec 2022	Information Technology - SaaS	15.36	48.20	112000	90.00	1.01	388.70	4.35
Droneacharya Aerial Innovations Limited	Corporate Capital Ventures Private Limited	23 Dec 2022	Drone	45.00	33.97	740000	54.00	4.00	73.66	5.45
Shera Energy Limited	Holani Consultants Private Limited	17 Feb 2023	Cables and Wires	15.16	35.20	500000	57.00	2.85	145.15	7.26
Macfos Limited	Hem Securities Limited	01 Mar 2023	Electric Equipments	15.22	23.74	330000	102.00	3.37	780.00	25.74
Systango Technologies Limited	Hem Securities Limited	15 Mar 2023	Information Technology - Data Solutions	15.13	34.82	206400	90.00	1.86	218.10	4.50
Vasa Denticity Limited	Hem Securities Limited	02 Jun 2023	Healthcare	30.62	54.07	240000	128.00	3.07	602.80	14.47

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Sudarshan Pharma Industries Limited	Gretex Corporate Services Limited	22 Mar 2023	Pharmaceutical	24.33	50.10	236800	73.00	1.73	31.90	0.76

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Prevest Denpro Limited	Hem Securities Limited	27 Sep 2021	Healthcare	13.55	26.61	451200	84.00	3.79	429.60	19.38
Vasa Denticity Limited	Hem Securities Limited	02 Jun 2023	Healthcare	30.62	54.07	240000	128.00	3.07	602.80	14.47

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Droneacharya Aerial Innovations Limited	Corporate Capital Ventures Private Limited	23 Dec 2022	Drone	45.00	33.97	740000	54.00	4.00	73.66	5.45

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Concord Control Systems Limited	Hem Securities Limited	10 Oct 2022	Engineering - Heavy Machinery	12.14	8.32	246000	55.00	1.35	1151.00	28.31

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
EKI Energy Services Limited	Hem Securities Limited	07 Apr 2021	Recycling	6.50	18.60	259200	102.00	2.64	130.55	3.38

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Sudarshan Pharma Industries Limited	Gretex Corporate Services Limited	22 Mar 2023	Pharmaceutical	24.33	50.10	236800	73.00	1.73	31.90	0.76

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Systango Technologies Limited	Hem Securities Limited	15 Mar 2023	Information Technology - Data Solutions	15.13	34.82	206400	90.00	1.86	218.10	4.50

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Macfos Limited	Hem Securities Limited	01 Mar 2023	Electric Equipments	15.22	23.74	330000	102.00	3.37	780.00	25.74

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Shera Energy Limited	Holani Consultants Private Limited	17 Feb 2023	Cables and Wires	15.16	35.20	500000	57.00	2.85	145.15	7.26

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
All E Technologies Limited	Unistone Capital Private Limited	21 Dec 2022	Information Technology - SaaS	15.36	48.20	112000	90.00	1.01	388.70	4.35

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
KN Agri Resources Limited	Hem Securities Limited	28 Mar 2022	Agro	5.57	49.38	400000	75.00	3.00	209.00	8.36

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
EKI Energy Services Limited	Hem Securities Limited	07 Apr 2021	Recycling	6.50	18.60	259200	102.00	2.64	130.55	3.38
Prevest Denpro Limited	Hem Securities Limited	27 Sep 2021	Healthcare	13.55	26.61	451200	84.00	3.79	429.60	19.38
KN Agri Resources Limited	Hem Securities Limited	28 Mar 2022	Agro	5.57	49.38	400000	75.00	3.00	209.00	8.36
Concord Control Systems Limited	Hem Securities Limited	10 Oct 2022	Engineering - Heavy Machinery	12.14	8.32	246000	55.00	1.35	1151.00	28.31
Macfos Limited	Hem Securities Limited	01 Mar 2023	Electric Equipments	15.22	23.74	330000	102.00	3.37	780.00	25.74
Systango Technologies Limited	Hem Securities Limited	15 Mar 2023	Information Technology - Data Solutions	15.13	34.82	206400	90.00	1.86	218.10	4.50
Vasa Denticity Limited	Hem Securities Limited	02 Jun 2023	Healthcare	30.62	54.07	240000	128.00	3.07	602.80	14.47

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Droneacharya Aerial Innovations Limited	Corporate Capital Ventures Private Limited	23 Dec 2022	Drone	45.00	33.97	740000	54.00	4.00	73.66	5.45

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Shera Energy Limited	Holani Consultants Private Limited	17 Feb 2023	Cables and Wires	15.16	35.20	500000	57.00	2.85	145.15	7.26

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
Sudarshan Pharma Industries Limited	Gretex Corporate Services Limited	22 Mar 2023	Pharmaceutical	24.33	50.10	236800	73.00	1.73	31.90	0.76

Company Name	MB	IPO Year (Listed)	Sector	PE Ratio	IPO Size (Cr.)	No. of shares	Offer Price	Amount Invested (Cr.)	CMP	Value today (Cr.)
All E Technologies Limited	Unistone Capital Private Limited	21 Dec 2022	Information Technology - SaaS	15.36	48.20	112000	90.00	1.01	388.70	4.35

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List of All Anchor Investors

Maven India Fund

Maven India Fund is an Anchor investor actively investing in the SME space in India. They have invested in "11" SME IPOs so far out of which "10" IPOs are in positive and "1" are in negative. Prominent sectors that they have invested in are Healthcare, Drone, Engineering - Heavy Machinery, Recycling, Pharmaceutical, Information Technology - Data Solutions, Electric Equipments, Cables and Wires, Information Technology - SaaS, Agro .

Total No. of SME IPOs invested in 11

Maven India Fund 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

10

Vasa Denticity Limited

Amount Invested : 3.07 Cr.

Value Today : 14.47 Cr.

Date : 02 Jun 2023

Systango Technologies Limited

Amount Invested : 1.86 Cr.

Value Today : 4.50 Cr.

Date : 15 Mar 2023

Macfos Limited

Amount Invested : 3.37 Cr.

Value Today : 25.74 Cr.

Date : 01 Mar 2023

Shera Energy Limited

Amount Invested : 2.85 Cr.

Value Today : 7.26 Cr.

Date : 17 Feb 2023

Droneacharya Aerial Innovations Limited

Amount Invested : 4.00 Cr.

Value Today : 5.45 Cr.

Date : 23 Dec 2022

All E Technologies Limited

Amount Invested : 1.01 Cr.

Value Today : 4.35 Cr.

Date : 21 Dec 2022

Concord Control Systems Limited

Amount Invested : 1.35 Cr.

Value Today : 28.31 Cr.

Date : 10 Oct 2022

KN Agri Resources Limited

Amount Invested : 3.00 Cr.

Value Today : 8.36 Cr.

Date : 28 Mar 2022

Prevest Denpro Limited

Amount Invested : 3.79 Cr.

Value Today : 19.38 Cr.

Date : 27 Sep 2021

EKI Energy Services Limited

Amount Invested : 2.64 Cr.

Value Today : 3.38 Cr.

Date : 07 Apr 2021

1

Sudarshan Pharma Industries Limited

Amount Invested : 1.73 Cr.

Value Today : 0.76 Cr.

Date : 22 Mar 2023

SME IPOs of Top Merchant Bankers where Maven India has invested

Hem Securities Limited 7

Corporate Capital Ventures Private Limited 1

Holani Consultants Private Limited 1

Gretex Corporate Services Limited 1

Unistone Capital Private Limited 1

Top Sectors in which Maven India has invested

Engineering - Heavy Machinery 1

Pharmaceutical 1

Information Technology - Data Solutions 1

Electric Equipments 1

Cables and Wires 1

Information Technology - SaaS 1

Explore other Top SME Anchor Investors

Rajasthan Global Securities Private Limited

Saint Capital Fund

Nav Capital Vcc - Nav Capital Emerging Star 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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