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 78.86
Median 19.65
Lowest 19.50
IPO Size (Cr.)
Highest 27870.16
Median 9,728.84
Lowest 5235.00
  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.

IPOs by Fund Raise

The size of an IPO is calculated by the number of shares offered to the public, multiplied by the IPO price. IPO by Size gives crucial data on IPOs with the highest fundraise and insights into the average IPO size in different sectors. It also showcases the best Merchant Bankers in India handling these large IPOs.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio City Offer price CMP (BSE)
Hyundai Motor India Limited Oct 2024 27870.16 Automobile 26.73 Chennai 1960.00 1875.95
Life Insurance Corporation of India (LIC) May 2022 21008.48 Insurance 201.91 Mumbai 949.00 764.00
One 97 Communications Limited Nov 2021 18300.00 Banking and Finance - FinTech 0.00 New Delhi 2150.00 744.70
Vodafone Idea Limited Apr 2024 18000.00 Telecom 0.00 Gandhinagar 11.00 8.30
Coal India Limited Nov 2010 15199.44 Minerals 0.00 Kolkata 245.00 362.30
Yes Bank Limited Jul 2020 15000.00 Banking and Finance 0.00 Mumbai 12.00 18.00
Reliance Power Limited Feb 2008 11563.20 Power and Energy 1000.00 Mumbai 450.00 37.95
Swiggy Limited Nov 2024 11327.43 Online Service Provider -35.72 Bangalore 390.00 377.40
General Insurance Corporation of India Oct 2017 11175.84 Insurance 31.19 Mumbai 912.00 383.65
SBI Cards and Payment Services Limited Mar 2020 10354.77 Banking and Finance 45.80 New Delhi 755.00 857.90
NTPC Green Energy Limited Nov 2024 10000.00 Power and Energy 259.56 New Delhi 108.00 104.62
NMDC Limited Mar 2010 9930.45 Minerals 27.35 Hyderabad 300.00 64.95
The New India Assurance Company Limited Nov 2017 9600.00 Insurance 32.00 Mumbai 800.00 158.24
Zomato Limited Jul 2021 9375.00 Online Service Provider 0.00 New Delhi 76.00 234.10
Hexaware Technologies Limited Feb 2025 8750.00 Information Technology Mumbai 708.00 762.55
HDFC Standard Life Insurance Company Limited Nov 2017 8695.01 Insurance 52.00 Mumbai 290.00 622.85
NTPC Limited Mar 2010 8480.10 Power and Energy 20.49 New Delhi 201.00 314.80
SBI Life Insurance Company Limited Oct 2017 8400.00 Insurance 55.00 Mumbai 700.00 1475.60
Vishal Mega Mart Limited Dec 2024 8000.00 Retail - Supermarket 69.19 Gurugram 78.00 105.23
POWERGRID Infrastructure Investment Trust May 2021 7734.99 Infrastructure 0.00 New Delhi 100.00 80.00
Power Grid Corporation of India Limited Nov 2010 7442.34 Power and Energy 0.00 Haryana 90.00 263.05
Star Health and Allied Insurance Company Limited Dec 2021 7249.18 Insurance 0.00 Chennai 900.00 389.70
Power Grid Corporation of India Dec 2013 6958.64 Electric Equipments - Transformers 21.99 New Delhi 85.50 263.05
Bajaj Housing Finance Limited Sep 2024 6560.00 Banking and Finance 30.20 Pune 70.00 109.03
Gland Pharma Limited Nov 2020 6479.55 Pharmaceutical 19.50 Hyderabad 1500.00 1499.55
Ola Electric Mobility Limited Aug 2024 6145.56 Automobile 0.00 Bangalore 76.00 60.55
ICICI Prudential Life Insurance Company Limited Sep 2016 6056.79 Insurance 0.00 Mumbai 334.00 576.00
NHPC Limited Sep 2009 6038.55 Power and Energy - Hydro 33.33 Faridabad 36.00 74.62
IRB InvIT Fund May 2017 5921.10 Infrastructure 0.00 Mumbai 102.00 55.41
ICICI Lombard General Insurance Company Limited Sep 2017 5700.94 Insurance 35.00 Mumbai 661.00 1728.95
PB Fintech Limited Nov 2021 5625.00 Banking and Finance - FinTech 0.00 Haryana 980.00 1511.80
Sona BLW Precision Forgings Limited Jun 2021 5550.00 Automobile - Forging and Casting 78.86 New Delhi 291.00 509.35
Afcons Infrastructure Limited Nov 2024 5430.00 Infrastructure 46.48 Mumbai 463.00 447.90
FSN E-Commerce Ventures Limited Nov 2021 5351.92 E-Commerce 377.51 Mumbai 1125.00 170.77
Delhivery Limited May 2022 5235.00 Logistics 0.00 New Delhi 487.00 276.00

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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