35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

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Summary

PE Ratio*
Highest 45.00
Median 16.09
Lowest 3.00
IPO Size (Cr.)
Highest 48.18
Median 13.31
Lowest 1.30
  1. *IPOs with Extreme PE (50+) are excluded from the above calculations.
  2. Above summary is for reference only as the same is based on the limited data set.

SME IPOs in 2019

This feature on IPOPlatform.com provides detailed insights into SME IPO listings and funds raised in India on platforms like BSE SME and NSE Emerge. It offers year-wise SME IPO analysis, highlighting the number of IPO SMEs, funds raised, and the role of BRLMs (Book Running Lead Managers), also referred to as merchant bankers in India. The report covers current SME IPOs, recent SME IPOs, and tracks IPO performance based on listing gains and market trends. This data helps businesses and investors stay informed about key developments in the growing IPO SME market.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio City Merchant Banker
DC Infotech and Communication Limited Dec 2019 10.80 Information Technology - Hardware 7.40 Mumbai Fedex Securities Private Limited
Ascom Leasing & Investments Ltd Dec 2019 6.32 Banking and Finance 3.00 Surat Fast Track Finsec Private Limited
Mangalam Global Enterprise Limited Nov 2019 21.57 Agro 20.00 Ahmedabad Pantomath Capital Advisors Private Limited
Anuroop Packaging Ltd Nov 2019 2.64 Packaging & Disposables 3.17 Mumbai Gretex Corporate Services Limited
Gensol Engineering Limited Oct 2019 17.93 Solar 10.50 Chandigarh Pantomath Capital Advisors Private Limited
Goblin India Limited Oct 2019 15.20 Corporate Solutions - Gifts 15.80 Ahmedabad Fast Track Finsec Private Limited
Sona Hi Sona Jewellers (Gujarat) Ltd Oct 2019 4.50 Jewellery 43.00 Ahmedabad Fedex Securities Private Limited
Galactico Corporate Services Ltd Oct 2019 3.70 Banking and Finance 9.30 Nashik Aryaman Financial Services Limited
Misquita Engineering Ltd Oct 2019 1.93 Engineering 17.30 Goa Gretex Corporate Services Limited
Shiv Aum Steels Ltd Oct 2019 15.84 Steel 10.50 Mumbai Aryaman Financial Services Limited
Novateor Research Laboratories Ltd Sep 2019 4.49 Healthcare - Personal Care 52.00 Ahmedabad First Overseas Capital Limited
Salasar Exteriors and Contour Ltd Sep 2019 8.50 Real Estate 26.00 Mumbai Navigant Corporate Advisors Limited
Transpact Enterprises Ltd Sep 2019 1.35 Healthcare 0.00 Mumbai Aryaman Financial Services Limited
Alphalogic Techsys Ltd Sep 2019 6.18 Information Technology - Data Solutions 10.66 Pune Finshore Management Services Limited
Wonder Fibromats Limited Aug 2019 19.79 Electric Equipments 12.00 New Delhi Navigant Corporate Advisors Limited
SK International Export Limited Jul 2019 3.96 Textiles 31.00 Mumbai Finshore Management Services Limited
A B Infrabuild Limited Jul 2019 12.84 Infrastructure 10.00 Mumbai Mark Corporate Advisors Private Limited
City Pulse Multiplex Limited Jul 2019 3.98 Film and Animation - VFX 17.00 Ahmedabad Capitalsquare Advisors Private Limited
Earum Pharmaceuticals Limited Jul 2019 6.65 Pharmaceutical 19.00 Ahmedabad Hem Securities Limited
SBC Exports Limited Jul 2019 6.56 Textiles 25.00 Mirzapur Navigant Corporate Advisors Limited
Anand Rayons Limited Jul 2019 12.66 Textiles 20.00 Surat Guiness Corporate Advisors Private Limited
Parshva Enterprises Limited Jul 2019 3.65 Jewellery 45.00 Mumbai Inventure Merchant Banker Services Private Limited
Meera Industries Limited Jun 2019 11.75 Textiles 19.00 Surat Aryaman Financial Services Limited
Suich Industries Limited Jun 2019 30.86 Electric Equipments 7.50 New Delhi Pantomath Capital Advisors Private Limited
Cian Healthcare Limited May 2019 37.92 Pharmaceutical 21.66 Pune Fedex Securities Private Limited
Par Drugs and Chemicals Limited May 2019 8.53 Pharmaceutical 13.00 Vadodara Pantomath Capital Advisors Private Limited
Artemis Electricals Limited May 2019 42.00 Electric Equipments 14.56 Mumbai Fedex Securities Private Limited
Evans Electric Limited May 2019 1.93 Electric Equipments 7.19 Mumbai Hem Securities Limited
White Organic Retail Limited May 2019 15.46 Agro 5.71 Mumbai Finshore Management Services Limited
G. K. P. Printing & Packaging Limited May 2019 6.58 Packaging & Disposables 6.37 Mumbai Holani Consultants Private Limited
V R Films & Studios Limited Apr 2019 2.27 Film and Animation - VFX 14.42 Mumbai Hem Securities Limited
Jinaams Dress Limited Apr 2019 42.48 Textiles 21.00 Surat Smc Capitals Limited
KHFM Hospitality and Facility Management Services Ltd Apr 2019 10.62 Corporate Solutions 13.33 Mumbai Bonanza Portfolio Limited
Osia Hyper Retail Limited Apr 2019 39.78 Retail 21.00 Ahmedabad Monarch Networth Capital Limited
Northern Spirits Limited Apr 2019 18.50 Retail 12.54 Kolkata Finshore Management Services Limited
Roopshri Resorts Limited Apr 2019 3.60 Hotels and Resorts 69.00 Raigarh Aryaman Financial Services Limited and Bcb Brokerage Private Limited
Artedz Fabs Limited Mar 2019 8.32 Textiles 6.00 Mumbai Pantomath Capital Advisors Private Limited
Humming Bird Education Limited Mar 2019 2.15 Education 11.00 New Delhi Share India Capital Services Private Limited
Ashapuri Gold Ornament Limited Mar 2019 29.33 Jewellery 221.00 Ahmedabad Fedex Securities Private Limited
Aartech Solonics Limited Mar 2019 7.21 Power and Energy 40.00 Bhopal Swastika Investmart Limited
Mahip Industries Limited Mar 2019 16.63 Packaging & Disposables 10.00 Ahmedabad Finshore Management Services Limited
Gleam Fabmat Limited Mar 2019 3.12 Aluminium 16.00 New Delhi Aryaman Financial Services Limited
Mindpool Technologies Limited Feb 2019 3.60 Information Technology - Data Solutions 5.00 Pune Hem Securities Limited
Kranti Industries Limited Feb 2019 8.58 Engineering - Automotive 12.00 Pune Fast Track Finsec Private Limited
Jonjua Overseas Limited Feb 2019 1.30 Outsourcing 250.00 Mohali Finshore Management Services Limited
Anmol India Limited Feb 2019 10.23 Minerals 10.00 Assam Share India Capital Services Private Limited
Ritco Logistics Limited Feb 2019 48.18 Minerals 14.30 New Delhi Pantomath Capital Advisors Private Limited
Surani Steel Tubes Limited Feb 2019 12.92 Steel - Tubes and Pipes 34.00 Gandhinagar Pantomath Capital Advisors Private Limited
K.P.I. Global Infrastructure Limited Jan 2019 39.94 Solar 18.70 Surat Vivro Financial Services Private Limited
Axita Cotton Limited Jan 2019 10.51 Agro 30.00 Mahesana Beeline Capital Advisors Private Limited

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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.

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

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