49  Total SME IPOs listed in 2025

2,236.81 Crs.  Total funds raised in 2025

33  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

49  Total SME IPOs listed in 2025

2236.81 Crs.  Total funds raised in 2025

33  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

49  Total SME IPOs listed in 2025

2236.81 Crs.  Total funds raised in 2025

33  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

49  Total SME IPOs listed in 2025

2236.81 Crs.  Total funds raised in 2025

33  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

Find More IPOs

Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Summary

PE Ratio*
Highest 50.00
Median 17.23
Lowest 2.71
IPO Size (Cr.)
Highest 76.28
Median 17.95
Lowest 1.89
  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 2022

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
Arihant Academy Limited Dec 2022 14.72 Education - Edtech 19.11 Mumbai Shreni Shares Limited -->
Uma Converter Limited Dec 2022 18.41 Packaging & Disposables 10.31 Gandhinagar GYR Capital Advisors Private Limited -->
Dollex Agrotech Limited Dec 2022 24.39 Agro - Sugar 14.46 Indore Expert Global Consultants Private Limited -->
Droneacharya Aerial Innovations Limited Dec 2022 33.97 Drone 45.00 Bangalore Corporate Capital Ventures Private Limited -->
All E Technologies Limited Dec 2022 48.20 Information Technology - SaaS 15.36 New Delhi Unistone Capital Private Limited -->
PNGS Gargi Fashion Jewellery Limited Dec 2022 7.80 Jewellery 6.77 Pune Shreni Shares Limited -->
Arham Technologies Limited Dec 2022 9.58 Electric Equipments - OEM 13.82 Raipur Finshore Management Services Limited -->
Pritika Engineering Components Limited Dec 2022 9.42 Engineering - Automotive 8.76 Mohali GYR Capital Advisors Private Limited -->
Baheti Recycling Industries Limited Dec 2022 12.42 Recycling - Metal 13.55 Ahmedabad Hem Securities Limited -->
AMBO Agritec Limited Dec 2022 10.20 Agro - Food Products 14.22 Kolkata Finshore Management Services Limited -->
Technopack Polymers Limited Nov 2022 7.87 Plastic and Polymer 10.54 Rajkot Isk Advisors Private Limited -->
Amiable Logistics (India) Limited Nov 2022 4.37 Logistics 10.90 Mumbai Shreni Shares Limited -->
Vital Chemtech Limited Nov 2022 64.64 Chemical 14.94 Ahmedabad Beeline Capital Advisors Private Limited -->
DAPS Advertising Limited Nov 2022 5.10 Advertising and Media 8.82 Kanpur Shreni Shares Limited -->
Integrated Personnel Services Limited Nov 2022 12.74 Human Resources and Manpower 12.77 Mumbai Unistone Capital Private Limited -->
Rite Zone Chemcon India Limited Nov 2022 8.96 Chemical - Paint and Adhesives 90.36 Mumbai Expert Global Consultants Private Limited -->
Phantom Digital Effects Limited Oct 2022 29.10 Film and Animation - VFX 6.72 Chennai Corporate Capital Ventures Private Limited -->
Pace E-Commerce Ventures Limited Oct 2022 66.53 E-Commerce 429.16 Pune Interactive Financial Services Limited -->
Maagh Advertising And Marketing Services Limited Oct 2022 9.12 Advertising and Media 37.50 Mumbai Inventure Merchant Banker Services Private Limited -->
Frog Cellsat Limited Oct 2022 41.57 Telecom 10.93 New Delhi Sarthi Capital Advisors Private Limited -->
Vedant Asset Limited Oct 2022 3.00 Banking and Finance 80.00 Ranchi Hem Securities Limited -->
Swastik Pipe Limited Oct 2022 62.52 Steel - Tubes and Pipes 11.38 New Delhi Corporate Capital Ventures Private Limited -->
QMS Medical Allied Services Limited Oct 2022 56.87 Healthcare 20.10 Mumbai First Overseas Capital Limited -->
Lloyds Luxuries Limited Oct 2022 24.00 Healthcare - Personal Care 0.00 Mumbai Hem Securities Limited -->
Insolation Energy Limited Oct 2022 22.16 Solar - Panels 11.41 Jaipur Holani Consultants Private Limited -->
Cyber Media Research & Services Limited Oct 2022 14.04 Information Technology 34.95 New Delhi Swastika Investmart Limited -->
Concord Control Systems Limited Oct 2022 8.32 Engineering - Heavy Machinery 12.14 Lucknow Hem Securities Limited -->
Silicon Rental Solutions Limited Oct 2022 21.15 Information Technology - Hardware 10.73 Mumbai Hem Securities Limited -->
Cargosol Logistics Limited Oct 2022 7.56 Logistics 5.15 Mumbai Hem Securities Limited -->
Cargotrans Maritime Limited Oct 2022 4.86 Logistics 7.77 Kachchh Hem Securities Limited -->
Reetech International Cargo and Courier Limited Oct 2022 11.71 Logistics 10.64 Raipur Gretex Corporate Services Limited -->
Steelman Telecom Limited Oct 2022 26.02 Telecom 23.41 Kolkata Gretex Corporate Services Limited -->
Trident Lifeline Limited Oct 2022 35.34 Pharmaceutical 51.53 Surat Beeline Capital Advisors Private Limited -->
Mafia Trends Limited Oct 2022 3.60 Retail 15.21 Ahmedabad GYR Capital Advisors Private Limited -->
Containe Technologies Limited Sep 2022 2.62 Engineering - Automotive 214.00 Hyderabad Finshore Management Services Limited -->
Maks Energy Solutions India Limited Sep 2022 4.00 Engineering 0.00 Pune Sun Capital Advisory Services (P) Limited -->
Kandarp Digi Smart BPO Limited Sep 2022 8.10 Outsourcing - BPO 28.57 New Delhi Beeline Capital Advisors Private Limited -->
Annapurna Swadisht Limited Sep 2022 30.25 FMCG - Snacks and Beverages 21.94 Kolkata Corporate Capital Ventures Private Limited -->
Varanium Cloud Limited Sep 2022 36.60 Information Technology - SaaS 14.59 Mumbai First Overseas Capital Limited -->
Ishan International Limited Sep 2022 18.24 Engineering 38.09 New Delhi First Overseas Capital Limited -->
Tapi Fruit Processing Limited Sep 2022 5.21 Agro - Food Products 120.00 Surat Fedex Securities Private Limited -->
Sabar Flex India Limited Sep 2022 4.48 Packaging & Disposables 9.48 Ahmedabad GYR Capital Advisors Private Limited -->
Mega Flex Plastics Limited Sep 2022 11.40 Packaging & Disposables 16.19 Kolkata Finshore Management Services Limited -->
Shantidoot Infra Services Limited Sep 2022 4.02 Real Estate 10.37 Patna Gretex Corporate Services Limited -->
Viviana Power Tech Limited Sep 2022 8.80 Electric Equipments 11.29 Vadodara Beeline Capital Advisors Private Limited -->
Virtuoso Optoelectronics Limited Sep 2022 30.24 Electric Equipments - OEM 6.92 Nashik Fedex Securities Private Limited -->
EP Biocomposites Limited Sep 2022 6.35 Plastic and Polymer 26.20 Goa Aryaman Financial Services Limited -->
JFL Life Sciences Limited Sep 2022 18.17 Pharmaceutical 26.52 Ahmedabad GYR Capital Advisors Private Limited -->
Jay Jalaram Technologies Limited Sep 2022 10.80 Electric Equipments - OEM 46.00 Ahmedabad Beeline Capital Advisors Private Limited -->
Ameya Precision Engineers Limited Sep 2022 7.14 Engineering 16.75 Pune Shreni Shares Limited -->
Dipna Pharmachem Limited Sep 2022 15.21 Pharmaceutical 39.00 Ahmedabad Interactive Financial Services Limited -->
Rhetan TMT Limited Sep 2022 56.00 Steel - Iron 63.64 Ahmedabad Aryaman Financial Services Limited -->
Naturo Indiabull Limited Sep 2022 10.92 FMCG 28.03 Jaipur Finshore Management Services Limited -->
Olatech Solutions Limited Aug 2022 1.89 Information Technology - Data Solutions 18.00 Mumbai Shreni Shares Limited -->
Veekayem Fashion and Apparels Limited Aug 2022 4.44 Textiles - Fabrics 8.72 Mumbai GYR Capital Advisors Private Limited -->
Upsurge Seeds of Agriculture Limited Aug 2022 22.81 Agro - Food Products 21.35 Rajkot Finshore Management Services Limited -->
Agni Green Power Limited Aug 2022 5.25 Solar 250.00 Kolkata Finshore Management Services Limited -->
Healthy Life Agritec Limited Jul 2022 10.00 FMCG 26.31 Mumbai Finshore Management Services Limited -->
Veerkrupa Jewellers Limited Jul 2022 8.10 Jewellery 75.00 Ahmedabad First Overseas Capital Limited -->
SKP Bearing Industries Limited Jul 2022 30.80 Engineering 9.49 Surendranagar Shreni Shares Limited -->
Jayant Infratech Limited Jul 2022 6.19 Infrastructure 14.44 Bilaspur Gretex Corporate Services Limited -->
B Right Realestate Limited Jul 2022 44.36 Real Estate 164.52 Mumbai Gretex Corporate Services Limited -->
Kesar India Limited Jul 2022 15.82 Real Estate 13.87 Nagpur Fedex Securities Private Limited and Hem Securities Limited -->
Mangalam Worldwide Limited Jul 2022 65.58 Steel 20.12 Ahmedabad Beeline Capital Advisors Private Limited -->
KCK Industries Limited Jul 2022 4.50 Textiles 12.40 Chandigarh Navigant Corporate Advisors Limited -->
Sailani Tours N Travels Limited Jul 2022 1.90 Travel and Tourism 187.50 Kolkata Gretex Corporate Services Limited -->
Pearl Green Clubs and Resorts Limited Jul 2022 11.72 Agro - Food Products 53.60 Ahmedabad Fast Track Finsec Private Limited -->
Modi's Navnirman Limited Jul 2022 22.68 Real Estate 57.32 Mumbai Aryaman Financial Services Limited -->
Goel Food Products Limited Jun 2022 7.21 FMCG - Snacks and Beverages 10.84 Kolkata Gretex Corporate Services Limited -->
Scarnose International Limited Jun 2022 6.60 Textiles 51.89 Ahmedabad Finshore Management Services Limited -->
Silver Pearl Hospitality & Luxury Spaces Limited Jun 2022 9.00 Hotels and Resorts 120.00 Kolkata Inventure Merchant Banker Services Private Limited -->
Rachana Infrastructure Limited Jun 2022 76.28 Infrastructure 138.00 Ahmedabad Interactive Financial Services Limited -->
Fidel Softech Limited Jun 2022 13.51 Information Technology - Data Solutions 11.15 Pune Shreni Shares Limited -->
Globesecure Technologies Limited Jun 2022 10.13 Information Technology - SaaS 17.90 Mumbai Fast Track Finsec Private Limited -->
Sonu Infratech Limited May 2022 8.64 Infrastructure 15.79 Jamnagar Swastika Investmart Limited -->
Le Merite Exports Limited May 2022 48.00 Textiles 11.09 Mumbai Fedex Securities Private Limited -->
Fone4 Communications (India) Limited May 2022 6.80 E-Commerce 0.00 Ernakulam Finshore Management Services Limited -->
Nanavati Ventures limited May 2022 2.18 Jewellery 61.73 Navsari First Overseas Capital Limited -->
Global Longlife Hospital and Research Limited May 2022 49.00 Healthcare - Hospitals and Clinic 38.04 Ahmedabad Interactive Financial Services Limited -->
Shashwat Furnishing Solutions Limited May 2022 2.51 Furniture 53.60 Jodhpur Beeline Capital Advisors Private Limited -->
Jeena Sikho Lifecare Limited Apr 2022 55.50 Pharmaceutical - Ayurvedic 16.67 Mohali Fast Track Finsec Private Limited -->
Eighty Jewellers Limited Apr 2022 11.07 Jewellery 25.15 Chattisgarh Hem Securities Limited -->
Dhyaani Tile And Marblez Limited Apr 2022 2.45 Ceramic and Stone - Marble, Tiles and Granite 15.94 Ahmedabad GYR Capital Advisors Private Limited -->
Sunrise Efficient Marketing Limited Apr 2022 16.70 Electric Equipments 9.70 Surat Fedex Securities Private Limited -->
Krishna Defence and Allied Industries Limited Apr 2022 11.89 Defence 18.00 Mumbai Hem Securities Limited -->
P E Analytics Limited Apr 2022 31.60 Information Technology - Data Solutions 14.56 New Delhi Sarthi Capital Advisors Private Limited -->
Empyrean Cashews Limited Mar 2022 19.41 Agro - Food Products 25.69 Mumbai Systematix Corporate Services Limited -->
Evoq Remedies Limited Mar 2022 9.72 Pharmaceutical 33.75 Ahmedabad Swastika Investmart Limited -->
Achyut Healthcare Limited Mar 2022 3.60 Pharmaceutical 54.05 Ahmedabad GYR Capital Advisors Private Limited -->
KN Agri Resources Limited Mar 2022 49.38 Agro 5.57 Raipur Hem Securities Limited -->
Swaraj Suiting Limited Mar 2022 10.68 Textiles 10.55 Bhilwara Finshore Management Services Limited -->
Cool Caps Industries Limited Mar 2022 11.63 Plastic and Polymer 16.38 Kolkata Holani Consultants Private Limited -->
Bhatia Colour Chem Limited Mar 2022 40.00 Chemical 166.00 Surat Interactive Financial Services Limited -->
SP Refractories Limited Mar 2022 4.92 Cement 9.94 Nagpur Aryaman Financial Services Limited -->
Shigan Quantum Technologies Limited Mar 2022 22.70 Engineering - Automotive 12.41 New Delhi Finshore Management Services Limited -->
Ekennis Software Service Limited Mar 2022 2.88 Information Technology - Data Solutions 11.40 Bangalore Shreni Shares Limited -->
Vaidya Sane Ayurved Laboratories Limited Feb 2022 20.23 Healthcare - Ayurvedic 28.29 Pune First Overseas Capital Limited -->
Richa Info Systems Limited Feb 2022 10.00 Information Technology - Hardware 41.67 Gandhinagar Swastika Investmart Limited -->
Maruti Interior Products Limited Feb 2022 11.00 Furniture 12.59 Veraval Isk Advisors Private Limited -->
Safa Systems & Technologies Limited Feb 2022 4.00 Electric Equipments 29.41 Ernakulam Finshore Management Services Limited -->
Quality RO Industries Limited Feb 2022 2.70 Electric Equipments 113.00 Vadodara Shreni Shares Limited -->
Precision Metaliks Limited Feb 2022 21.93 Aluminium 19.32 Hyderabad First Overseas Capital Limited -->
Alkosign Limited Feb 2022 12.15 Electric Equipments 0.00 Mumbai Shreni Shares Limited -->
Dj Mediaprint & Logistics Limited Jan 2022 15.00 Logistics 32.22 Mumbai Finshore Management Services Limited -->
Fabino Life Sciences Limited Jan 2022 3.24 Pharmaceutical 133.00 New Delhi Aryaman Financial Services Limited -->
Ascensive Educare Limited Jan 2022 2.26 Education - Edtech 18.98 Kolkata GYR Capital Advisors Private Limited -->
Timescan Logistics (India) Limited Jan 2022 4.81 Logistics 10.87 Egmore Finshore Management Services Limited -->
AB Cotspin India Limited Jan 2022 10.09 Textiles 2.71 Bathinda Pantomath Capital Advisors Private Limited -->

Is your business IPO-ready?

Get expert guidance for a smooth SME IPO process!



Contact Us Us
SME IPO

Explore More...

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.

See more >

*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