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 48.11
Median 18.39
Lowest 2.15
IPO Size (Cr.)
Highest 25.50
Median 6.69
Lowest 1.60
  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 2020

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
Net Pix Shorts Digital Media Limited Dec 2020 2.70 Film and Animation - VFX 298.00 Mumbai Aryaman Financial Services Limited
Shine Fashions (India) Limited Nov 2020 1.60 Textiles 0.00 Mumbai Shreni Shares Limited
Bodhi Tree Multimedia Limited Oct 2020 3.71 Film and Animation - VFX 15.42 Mumbai Shreni Shares Limited
Veer Global Infraconstruction Limited Oct 2020 4.92 Real Estate - Residential and Commercial 112.00 Mumbai Capitalsquare Advisors Private Limited
Sigma Solve Limited Oct 2020 4.95 Information Technology - Data Solutions 9.53 Ahmedabad Beeline Capital Advisors Private Limited
Atal Realtech Limited Oct 2020 10.83 Infrastructure 13.56 Nashik Aryaman Financial Services Limited and Galactico Corporate Service Limited
G M Polyplast Limited Oct 2020 8.09 Plastic and Polymer 13.25 Mumbai Gretex Corporate Services Limited
AAA Technologies Limited Oct 2020 10.23 Information Technology - Data Solutions 9.70 Mumbai Chartered Finance Management Limited
Atam Valves Limited Oct 2020 4.50 Valves 33.61 Jalandhar Fedex Securities Private Limited
SecMark Consultancy Limited Oct 2020 15.04 Outsourcing 47.87 Mumbai Indorient Financial Services Limited
Advait Infratech Limited Sep 2020 6.89 Infrastructure 48.11 Ahmedabad Isk Advisors Private Limited
Trekkingtoes.com Limited Aug 2020 4.54 Travel and Tourism 552.00 Jaipur Fast Track Finsec Private Limited
Suratwwala Business Group Limited Aug 2020 6.90 Real Estate 83.00 Pune Hem Securities Limited
Bonlon Industries Limited Jul 2020 10.52 Engineering 2.15 New Delhi Sarthi Capital Advisors Private Limited
Ksolves India Limited Jul 2020 4.02 Information Technology - SaaS 21.80 New Delhi Shreni Shares Limited
Billwin Industries Limited Jun 2020 2.46 Textiles 264.00 Mumbai Gretex Corporate Services Limited
Nirmitee Robotics India Limited Apr 2020 3.24 Engineering - Tech Solutions 185.00 Nagpur Aryaman Financial Services Limited
Laxmi Goldorna House Limited Apr 2020 8.28 Jewellery 39.00 Ahmedabad Beeline Capital Advisors Private Limited
DJ Mediaprint & Logistics Limited Apr 2020 2.40 Logistics 8.50 Mumbai Finshore Management Services Limited
Cospower Engineering Ltd Mar 2020 2.04 Electric Equipments 23.00 Mumbai Shreni Shares Limited
RO Jewels Ltd Mar 2020 4.91 Jewellery 34.00 Ahmedabad First Overseas Capital Limited
SM Auto Stamping Ltd Mar 2020 6.91 Engineering - Automotive 300.00 Nashik Hem Securities Limited
ICL Organic Dairy Products Limited Feb 2020 4.08 Agro - Food Products 80.00 New Delhi Finshore Management Services Limited
Chandra Bhagat Pharma Ltd Feb 2020 10.20 Pharmaceutical 51.00 Mumbai Beeline Capital Advisors Private Limited
Janus Corporation Ltd Feb 2020 8.00 Real Estate 57.00 Mumbai First Overseas Capital Limited
Madhav Copper Limited - FPO Feb 2020 25.50 Cables and Wires 53.00 Bhavnagar Pantomath Capital Advisors Private Limited
Tranway Technologies Ltd Feb 2020 4.24 Outsourcing 90.00 Bangalore Finshore Management Services Limited
HindPrakash Industries Ltd Jan 2020 11.52 Chemical - Speciality 11.70 Ahmedabad Hem Securities Limited
Vaxtex Cotfab Limited Jan 2020 3.83 Textiles - Fabrics 10.60 Ahmedabad Capitalsquare Advisors Private Limited
Gian Life Care Limited Jan 2020 3.12 Healthcare 7.61 Kanpur Hem Securities Limited
Valencia Nutrition Ltd Jan 2020 7.23 FMCG - Snacks and Beverages 0.00 Bangalore Aryaman Financial Services 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.

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  • 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