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 37.78
Median 16.64
Lowest 4.51
IPO Size (Cr.)
Highest 169.37
Median 23.45
Lowest 1.56
  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 Kolkata

IPO by city provides comprehensive information on companies listed in a particular city. For eg. SME IPOs in Mumbai, SME IPO in Delhi, SME IPO in Ahmedabad etc. Hence, it gives an analysis about the funds raised through SME IPO in India in a particular city or geography. IPO Analysis basis city is an indication about the growth and reach of primary markets in India amongst the SME promoters. IPO Platform in India enables to capture information and key IPO performance metrics on city wise IPOs and peer comparison.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector P/E City Merchant Banker
Voler Car Limited Feb 2025 27.00 Travel and Tourism 20.17 Kolkata GYR Capital Advisors Private Limited
Capital Numbers Infotech Limited Jan 2025 169.37 Information Technology - Data Solutions 23.50 Kolkata GYR Capital Advisors Private Limited
Indobell Insulation Limited Jan 2025 10.14 Engineering 34.18 Kolkata Finshore Management Services Limited
Ganesh Infraworld Limited Dec 2024 98.58 Infrastructure 9.61 Kolkata Vivro Financial Services Private Limited
Pranik Logistics Limited Oct 2024 22.47 Logistics 19.46 Kolkata Narnolia Financial Services Limited
Phoenix Overseas Limited Sep 2024 36.03 Agro 22.51 Kolkata Khandwala Securities Limited
Naturewings Holidays Limited Sep 2024 7.03 Travel and Tourism 20.90 Kolkata Fedex Securities Private Limited
Travels & Rentals Limited Sep 2024 12.24 Travel and Tourism 15.11 Kolkata Finshore Management Services Limited
QVC Exports Limited Aug 2024 24.07 Metal 22.89 Kolkata Khandwala Securities Limited
Forcas Studio Limited Aug 2024 37.44 Textiles 25.08 Kolkata Horizon Management Private Limited
Aesthetik Engineers Limited Aug 2024 26.47 Engineering 19.86 Kolkata Narnolia Financial Services Limited
Nephro Care India Limited Jul 2024 41.26 Healthcare - Hospitals and Clinic 32.73 Kolkata Corporate Capital Ventures Private Limited
Petro Carbon and Chemicals Limited Jul 2024 113.16 Chemical 4.51 Kolkata GYR Capital Advisors Private Limited
Sylvan Plyboard (India) Limited Jul 2024 28.05 Furniture 17.84 Kolkata Finshore Management Services Limited
Associated Coaters Limited Jun 2024 5.11 Real Estate 37.78 Kolkata Gretex Corporate Services Limited
Veritaas Advertising Limited May 2024 8.48 Corporate Solutions 17.10 Kolkata Horizon Management Private Limited
Silkflex Polymers (India) Limited May 2024 18.11 Textiles 17.64 Kolkata Shreni Shares Limited
Purv Flexipack Limited Mar 2024 40.21 Plastic and Polymer 12.93 Kolkata Holani Consultants Private Limited
Megatherm Induction Limited Feb 2024 53.91 Engineering - Heavy Machinery 13.40 Kolkata Hem Securities Limited
Euphoria Infotech India Limited Jan 2024 9.60 Agro - Food Products 23.99 Kolkata Khandwala Securities Limited
AMIC Forging Limited Dec 2023 34.80 Automobile - Forging and Casting 9.18 Kolkata Gretex Corporate Services Limited
Karnika Industries Limited Oct 2023 25.07 Textiles - Fabrics 11.06 Kolkata Beeline Capital Advisors Private Limited
Jiwanram Sheoduttrai Industries Limited Sep 2023 17.07 Healthcare - Gloves 14.11 Kolkata Affinity Global Capital Market Private Limited
Cosmic CRF Limited Jun 2023 57.21 Steel 35.64 Kolkata Horizon Management Private Limited
Auro Impex & Chemicals Limited May 2023 27.07 Chemical 15.85 Kolkata Affinity Global Capital Market Private Limited
Indong Tea Company Limited Feb 2023 13.01 Tea and Coffee 9.52 Kolkata Finshore Management Services Limited
Eastern Logica Infoway Limited Jan 2023 16.94 Retail 24.09 Kolkata Oneview Corporate Advisors Private Limited
AMBO Agritec Limited Dec 2022 10.20 Agro - Food Products 14.22 Kolkata Finshore Management Services Limited
Steelman Telecom Limited Oct 2022 26.02 Telecom 23.41 Kolkata Gretex Corporate Services Limited
Annapurna Swadisht Limited Sep 2022 30.25 FMCG - Snacks and Beverages 21.94 Kolkata Corporate Capital Ventures Private Limited
Mega Flex Plastics Limited Sep 2022 11.40 Packaging & Disposables 16.19 Kolkata Finshore Management Services Limited
Agni Green Power Limited Aug 2022 5.25 Solar 250.00 Kolkata Finshore Management Services Limited
Sailani Tours N Travels Limited Jul 2022 1.90 Travel and Tourism 187.50 Kolkata Gretex Corporate Services Limited
Goel Food Products Limited Jun 2022 7.21 FMCG - Snacks and Beverages 10.84 Kolkata Gretex Corporate Services Limited
Silver Pearl Hospitality & Luxury Spaces Limited Jun 2022 9.00 Hotels and Resorts 120.00 Kolkata Inventure Merchant Banker Services Private Limited
Cool Caps Industries Limited Mar 2022 11.63 Plastic and Polymer 16.38 Kolkata Holani Consultants Private Limited
Ascensive Educare Limited Jan 2022 2.26 Education - Edtech 18.98 Kolkata GYR Capital Advisors Private Limited
Dynamic Services & Security Limited Oct 2021 24.13 Human Resources and Manpower 66.23 Kolkata Finshore Management Services Limited
Destiny Logistics & Infra Limited Oct 2021 5.39 Logistics 51.28 Kolkata Finshore Management Services Limited
Rangoli Tradecomm Limited Mar 2021 45.15 Plastic and Polymer 7.83 Kolkata Fedex Securities Private Limited
Northern Spirits Limited Apr 2019 18.50 Retail 12.54 Kolkata Finshore Management Services Limited
Diksha Greens Limited Dec 2018 13.32 Furniture 36.00 Kolkata Finshore Management Services Limited
BCPL Railway Infrastructure Limited (BRIL) Oct 2018 17.01 Infrastructure 10.00 Kolkata Gretex Corporate Services Limited
Iris Clothings Limited Oct 2018 11.07 Textiles 9.00 Kolkata Vc Corporate Advisors Private Limited (Vcapl)
Kritika Wires Limited Oct 2018 15.40 Cables and Wires 12.00 Kolkata Hem Securities Limited
Supershakti Metaliks Limited Jul 2018 60.01 Steel 17.00 Kolkata Aryaman Financial Services Limited
East India Securities Limited Mar 2018 92.74 Banking and Finance 9.00 Kolkata Finshore Management Services Limited
Hindcon Chemicals Limited Mar 2018 7.73 Chemical 7.00 Kolkata Hem Securities Limited
SMVD Ploy Pack Limited Dec 2017 9.02 Packaging & Disposables 15.00 Kolkata Corporate Capital Ventures Private Limited
ASL Industries Limited Apr 2017 9.80 Automobile - Forging and Casting 140.00 Kolkata Guiness Corporate Advisors Private Limited
Pansari Developers Limited Oct 2016 10.19 Real Estate 10.00 Kolkata Hem Securities Limited
Gretex Industries Limted Oct 2016 2.10 Textiles 28.00 Kolkata Pantomath Capital Advisors Private Limited
Spicy Entertainment & Media Limited Sep 2016 4.82 Advertising and Media 76.00 Kolkata First Overseas Capital Limited
Narayani Steels Limited Sep 2016 11.52 Steel 25.00 Kolkata Pantomath Capital Advisors Private Limited
VMV Holidays Limited Jul 2015 1.56 Travel and Tourism 0.00 Kolkata Guiness Corporate Advisors Private Limited
Anubhav Infrastructure Limited Dec 2014 9.00 Infrastructure 68.00 Kolkata First Overseas Capital Limited
Aanchal Ispat Limited Dec 2014 16.00 Steel 58.00 Kolkata Inventure Merchant Banker Services Private Limited
Encash Entertainment Limited Sep 2014 4.39 Film and Animation - VFX 0.00 Kolkata Guiness Corporate Advisors Private Limited
Sirohia & Sons Limited Sep 2014 3.60 Agro 136.00 Kolkata Vc Corporate Advisors Private Limited (Vcapl)
Unishire Urban Infra Limited Feb 2014 6.43 Real Estate 76.00 Kolkata Inventure Merchant Banker Services Private Limited
Polymac Thermoformers Limited Feb 2014 7.70 Packaging & Disposables 31.00 Kolkata Guiness Corporate Advisors Private Limited
Newever Trade Wings Limited Oct 2013 6.32 Steel - Iron 1000.00 Kolkata Inventure Merchant Banker Services Private Limited
Silverpoint Infratech Limited Aug 2013 12.00 Infrastructure 55.00 Kolkata Inventure Merchant Banker Services Private Limited
GCM Commodity & Derivatives Limited Apr 2013 7.02 Banking and Finance 0.00 Kolkata Inventure Merchant Banker Services Private Limited
GCM Securities Limited Apr 2013 12.18 Banking and Finance 0.00 Kolkata Inventure Merchant Banker Services Private Limited
Bronze infra-tech Limited Nov 2012 8.56 Infrastructure 0.00 Kolkata Inventure Merchant Banker Services Private Limited

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SME IPO

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