51  Total SME IPOs listed in 2025

2,358.51 Crs.  Total funds raised in 2025

35  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

51  Total SME IPOs listed in 2025

2358.51 Crs.  Total funds raised in 2025

35  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

51  Total SME IPOs listed in 2025

2358.51 Crs.  Total funds raised in 2025

35  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

51  Total SME IPOs listed in 2025

2358.51 Crs.  Total funds raised in 2025

35  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

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Summary

PE Ratio*
Highest
Median 0.00
Lowest
IPO Size (Cr.)
Highest
Median 0.00
Lowest
  1. *IPOs with Extreme PE (100+) 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 PE Multiple

The total funds raised through an IPO depend significantly on the company’s valuation. In mainboard IPOs, merchant bankers and advisors use P/E multiples, derived on basis of a company’s historical performance, future profits, and sector outlook. Valuation drives the IPO Issue size and affects the market capitalisation over a longer time period. Comparing the company’s valuation with peers in the same sector ensures that the IPO pricing is competitive and not overpriced or underpriced

Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio City Offer price CMP (BSE)
Denta Water and Infra Solutions Limited Jan 2025 220.50 Infrastructure 16.22 Bangalore 294.00 286.20
Stallion India Fluorochemicals Limited Jan 2025 199.45 Chemical 21.55 Mumbai 90.00 67.90
Senores Pharmaceuticals Limited Dec 2024 582.11 Pharmaceutical 28.21 Ahmedabad 391.00 570.60
Mamata Machinery Limited Dec 2024 179.39 Packaging & Disposables 16.59 Ahmedabad 243.00 361.80
DAM Capital Advisors Limited Dec 2024 840.25 Banking and Finance 28.37 Mumbai 283.00 235.08
Sanathan Textiles Limited Dec 2024 550.00 Textiles - Fabrics 13.53 Silvassa 321.00 361.70
Transrail Lighting Limited Dec 2024 838.91 Engineering - EPC 28.02 Mumbai 432.00 462.55
Enviro Infra Engineers Limited Nov 2024 650.43 Infrastructure 21.10 New Delhi 148.00 222.01
Waaree Energies Limited Oct 2024 4,321.44 Solar 26.76 Mumbai 1,503.00 2,404.65
Deepak Builders & Engineers India Limited Oct 2024 260.04 Infrastructure 16.63 New Delhi 203.00 143.07
Hyundai Motor India Limited Oct 2024 27,870.16 Automobile 26.73 Chennai 1,960.00 1,707.65
Garuda Construction and Engineering Limited Oct 2024 264.10 Real Estate 21.03 Mumbai 95.00 103.10
Diffusion Engineers Limited Oct 2024 158.00 Engineering - Heavy Machinery 20.41 Nagpur 168.00 263.00
Manba Finance Limited Sep 2024 150.84 Banking and Finance 19.19 Mumbai 120.00 132.42
Arkade Developers Limited Sep 2024 410.00 Real Estate 19.35 Mumbai 128.00 151.11
Western Carriers (India) Limited Sep 2024 492.88 Logistics 21.83 Kolkata 172.00 76.58
Northern Arc Capital Limited Sep 2024 777.00 Banking and Finance 13.36 Chennai 263.00 167.52
Shree Tirupati Balajee Agro Trading Company Limited Sep 2024 169.65 Packaging & Disposables 18.77 Dhar 83.00 44.27
Premier Energies Limited Sep 2024 2,830.40 Solar - Panels 25.59 Hyderabad 450.00 937.95
Orient Technologies Limited Aug 2024 214.76 Information Technology 20.70 Mumbai 206.00 354.75
Interarch Building Products Limited Aug 2024 600.29 Steel 17.36 New Delhi 900.00 1,488.55
Saraswati Saree Depot Limited Aug 2024 160.01 Textiles 21.46 Kolhapur 160.00 80.45
Ceigall India Limited Aug 2024 1,252.66 Infrastructure 22.91 Ludhiana 401.00 254.35
Akums Drugs and Pharmaceuticals Limited Aug 2024 1,856.74 Pharmaceutical 29.79 New Delhi 679.00 473.20
Sanstar Limited Jul 2024 510.15 Agro 25.93 Ahmedabad 95.00 87.36
Vraj Iron and Steel Limited Jul 2024 171.00 Steel - Iron 11.49 Raipur 207.00 153.37
Kronox Lab Sciences Limited Jun 2024 130.15 Chemical - Speciality 24.47 Vadodara 136.00 143.47
Aadhar Housing Finance Limited May 2024 3,000.00 Banking and Finance 18.39 Bangalore 315.00 424.85
SRM Contractors Limited Apr 2024 130.20 Engineering - EPC 17.15 Jammu 210.00 322.70
Krystal Integrated Services Limited Mar 2024 300.13 Corporate Solutions 24.30 Mumbai 715.00 433.15
Popular Vehicles & Services Limited Mar 2024 601.55 Automobile 26.22 Ernakulam 295.00 96.77
JG Chemicals Limited Mar 2024 251.19 Chemical 20.08 Kolkata 221.00 300.20
Vibhor Steel Tubes Limited Feb 2024 72.17 Steel - Tubes and Pipes 21.99 Hisar 151.00 147.73
Jana Small Finance Bank Limited Feb 2024 570.00 Banking and Finance 16.36 Bangalore 414.00 407.05
Rashi Peripherals Limited Feb 2024 600.00 Information Technology - Data Solutions 14.44 Mumbai 311.00 284.30
Apeejay Surrendra Park Hotels Limited Feb 2024 920.00 Hotels and Resorts 10.30 kolkata 155.00 146.44
BLS E-Services Limited Feb 2024 310.91 Corporate Solutions 24.85 New Delhi 135.00 149.06
Nova AgriTech Limited Jan 2024 143.81 Agro 23.06 Medak 41.00 42.68
Medi Assist Healthcare Services Limited Jan 2024 1,171.58 Insurance 21.86 Bangalore 418.00 455.10
Jyoti CNC Automation Limited Jan 2024 1,000.00 Engineering - Heavy Machinery 13.59 Rajkot 331.00 1,058.55
Innova Captab Limited Dec 2023 570.00 Pharmaceutical 22.02 Mumbai 448.00 878.85
Azad Engineering Limited Dec 2023 740.00 Engineering - Heavy Machinery 10.60 Hyderabad 524.00 1,359.65
Suraj Estate Developers Limited Dec 2023 400.00 Real Estate 15.33 Mumbai 360.00 302.85
Inox India Limited Dec 2023 1,459.32 Engineering - Heavy Machinery 14.31 Vadodara 660.00 1,000.55
Gandhar Oil Refinery (India) Limited Nov 2023 500.69 Chemical 10.25 Mumbai 169.00 141.48
Fedbank Financial Services Limited Nov 2023 1,092.26 Banking and Finance 16.66 Mumbai 140.00 82.51
ASK Automotive Limited Nov 2023 834.00 Automobile 12.30 New Delhi 282.00 445.70
ESAF Small Finance Bank Limited Nov 2023 463.00 Banking and Finance 18.69 Thrissur 60.00 24.59
Honasa Consumer Limited Nov 2023 1,701.44 Healthcare - Personal Care 25.03 New Delhi 324.00 231.86
Blue Jet Healthcare Limited Nov 2023 840.27 Pharmaceutical 26.07 Mumbai 346.00 884.85
IRM Energy Limited Oct 2023 545.40 Oil and Gas 23.54 Ahmedabad 505.00 278.90
Pyramid Technoplast Limited Aug 2023 153.05 Packaging & Disposables 11.34 Mumbai 166.00 136.68
Senco Gold Limited Jul 2023 405.00 Jewellery 14.85 Kolkata 317.00 272.35
Global Surfaces Limited Mar 2023 154.98 Ceramic and Stone 21.84 Jaipur 140.00 107.81
Radiant Cash Management Services Limited Jan 2023 256.64 Corporate Solutions 17.34 Tamil Nadu 94.00 51.08
Elin Electronics Limited Dec 2022 475.00 Electric Equipments 29.69 Kolkata 247.00 118.75
Landmark Cars Limited Dec 2022 552.00 Automobile 27.61 Ahmedabad 506.00 375.95
Abans Holdings Limited Dec 2022 345.60 Banking and Finance 18.96 Mumbai 270.00 177.00
Uniparts India Limited Dec 2022 835.61 Engineering 12.89 New Delhi 577.00 307.20
Dharmaj Crop Guard Limited Dec 2022 251.15 Agro 14.55 Ahmedabad 237.00 181.34
Archean Chemical Industries Limited Nov 2022 1,462.31 Chemical - Speciality 16.78 Chennai 407.00 517.90
Five Star Business Finance Limited Nov 2022 1,593.45 Banking and Finance 24.76 Chennai 474.00 723.95
Archean Chemical Industries Limited Nov 2022 1,462.31 Chemical 16.78 Chennai 407.00 517.90
Fusion Micro Finance Limited Nov 2022 1,103.99 Banking and Finance 12.33 New Delhi 368.00 140.27
Electronics Mart India Limited Oct 2022 500.00 Retail 13.95 Hyderabad 59.00 121.65
Venus Pipes & Tubes Limited May 2022 165.42 Steel - Tubes and Pipes 21.03 Kachchh 326.00 1,207.25
Hariom Pipe Industries Limited Apr 2022 130.05 Steel - Tubes and Pipes 15.15 Hyderabad 153.00 211.47
Uma Exports Limited Apr 2022 60.00 Agro 12.81 Kolkata 68.00 83.50
CMS Info Systems Limited Dec 2021 1,100.00 Corporate Solutions 18.96 Mumbai 216.00 461.45
Supriya Lifescience Limited Dec 2021 700.00 Pharmaceutical 17.80 Mumbai 274.00 734.15
Anand Rathi Wealth Limited Dec 2021 660.00 Banking and Finance 18.67 Mumbai 550.00 1,912.20
Sigachi Industries Limited Nov 2021 125.43 Chemical 13.93 Hyderabad 163.00 35.19
Chemplast Sanmar Limited Aug 2021 3,850.00 Chemical 20.85 Chennai 541.00 435.05
Rolex Rings Limited Aug 2021 731.00 Automobile - Forging and Casting 28.18 Rajkot 900.00 1,279.10
Glenmark Life Sciences Limited Aug 2021 1,513.60 Pharmaceutical 25.09 Solapur 720.00 1,081.15
G R Infraprojects Limited Jul 2021 963.28 Engineering - EPC 16.73 Ahmedabad 837.00 1,042.95
India Pesticides Limited Jul 2021 800.00 Chemical - Pesticides 25.34 Bareilly 296.00 133.85
Dodla Dairy Limited Jun 2021 520.18 Agro 16.41 Hyderabad 428.00 1,156.90
Shyam Metalics and Energy Limited Jun 2021 909.00 Metal 12.83 Kolkata 306.00 853.30
Heranba Industries Limited Mar 2021 625.24 Chemical - Pesticides 18.91 Valsad 627.00 213.26
Stove Kraft Limited Feb 2021 412.63 Electric Equipments 21.80 Ramanagar 385.00 704.55
Antony Waste Handling Cell Limited Jan 2021 300.00 ESG - Waste 15.32 Mumbai 315.00 534.45
Mrs. Bectors Food Specialities Limited Dec 2020 540.54 FMCG 21.80 Jalandhar 288.00 1,461.40
Gland Pharma Limited Nov 2020 6,479.55 Pharmaceutical 19.50 Hyderabad 1,500.00 1,592.40
Equitas Small Finance Bank Limited Nov 2020 517.60 Banking and Finance 16.25 Chennai 33.00 54.98
Likhitha Infrastructure Limited Oct 2020 61.20 Oil and Gas 11.90 Hyderabad 120.00 269.55
UTI Asset Management Company Limited Oct 2020 2,159.88 Banking and Finance 17.37 Mumbai 554.00 1,055.25
Angel One Limited Oct 2020 600.00 Banking and Finance 13.00 Mumbai 306.00 2,313.20
Chemcon Speciality Chemicals Limited Oct 2020 318.00 Chemical - Speciality 25.49 Vadodara 340.00 165.65
Route Mobile Limited Sep 2020 600.00 Information Technology - SaaS 18.47 Mumbai 350.00 932.20
Happiest Minds Technologies Limited Sep 2020 702.02 Information Technology 12.00 Bangalore 166.00 596.70
Prince Pipes and Fittings Limited Dec 2019 500.00 Plastic and Polymer 18.35 Goa 178.00 245.25
Ujjivan Small Finance Bank Limited Dec 2019 750.00 Banking and Finance 17.00 New Delhi 37.00 34.41
IRCTC Limited Oct 2019 645.12 Railway 18.80 New Delhi 320.00 727.50
Sterling and Wilson Solar Limited Aug 2019 3,145.16 Solar 19.60 Mumbai 780.00 250.35
Spandana Sphoorty Financial Limited Aug 2019 1,202.34 Banking and Finance 17.60 Hyderabad 856.00 235.00
Polycab India Limited Apr 2019 1,346.00 Cables and Wires 16.75 New Delhi 538.00 5,147.95
Garden Reach Shipbuilders & Engineers Limited Oct 2018 344.69 Defence 16.00 Kolkata 118.00 1,685.70
IRCON International Limited Sep 2018 470.49 Infrastructure 10.85 New Delhi 475.00 156.48
Varroc Engineering Limited Jul 2018 1,945.77 Engineering - Automotive 30.00 Aurangabad 967.00 430.15
Fine Organic Industries Limited Jul 2018 600.20 Chemical - Speciality 29.55 Mumbai 783.00 4,007.00
RITES Limited Jul 2018 460.51 Chemical 11.00 New Delhi 185.00 223.37
IndoStar Capital Finance Limited May 2018 1,844.00 Banking and Finance 24.00 Mumbai 572.00 305.78
Mishra Dhatu Nigam Limited Apr 2018 438.38 Metal 30.00 Hyderabad 90.00 271.89
Karda Construction Limited Apr 2018 77.40 Real Estate 20.00 Nashik 180.00 0.98
Sandhar Technologies Limited Apr 2018 565.60 Engineering - Automotive 29.00 New Delhi 332.00 380.70
Bharat Dynamics Limited Mar 2018 960.94 Defence 23.00 Hyderabad 428.00 1,281.40
H.G. Infra Engineering Limited Mar 2018 462.00 Infrastructure 30.00 Jaipur 270.00 1,056.80
Newgen Software Technologies Limited Jan 2018 424.62 Information Technology 30.00 New Delhi 245.00 996.30
Astron Paper & Board Mill Limited Dec 2017 70.00 Paper and Stationery 12.00 Ahmedabad 50.00 10.43
Mahindra Logistics Limited Nov 2017 829.36 Logistics 29.60 Mumbai 429.00 261.60
MAS Financial Services Limited Oct 2017 460.04 Banking and Finance 26.00 Ahmedabad 459.00 246.06
Godrej Agrovet Limited Oct 2017 1,157.31 Agro 30.00 Mumbai 460.00 753.70
Capacit'e Infraprojects Limited Sep 2017 400.00 Real Estate 24.00 Mumbai 250.00 350.50
Apex Frozen Foods Limited Sep 2017 152.25 Agro 22.00 East Godavari 175.00 210.39
Cochin Shipyard Limited Aug 2017 1,442.01 Engineering - Heavy Machinery 18.80 Kochi 432.00 1,407.90
Au Financiers (India) Limited Jul 2017 1,912.51 Banking and Finance 30.00 Jaipur 358.00 534.60
Central Depository Services (India) Limited Jun 2017 523.99 Banking and Finance 18.00 Mumbai 149.00 1,220.05
PSP Projects Limited May 2017 211.68 Infrastructure 26.00 Ahmedabad 210.00 633.10
Housing and Urban Development Corporation Limited May 2017 1,224.35 Real Estate 14.00 New Delhi 60.00 199.45
Shankara Building Products Limited Apr 2017 345.00 Real Estate 18.00 Bangalore 460.00 568.40
CL Educate Limited Mar 2017 238.95 Education 27.00 New Delhi 502.00 78.74
BSE Limited Feb 2017 1,243.43 Banking and Finance 17.00 Mumbai 806.00 5,479.80
Laurus Labs Limited Dec 2016 1,331.80 Pharmaceutical 30.00 Visakhapatnam 428.00 613.40
Sheela Foam Limited Dec 2016 510.00 Furniture 27.00 New Delhi 730.00 710.00
Endurance Technologies Limited Oct 2016 1,161.73 Engineering - Automotive 20.00 Aurangabad 472.00 1,968.30
G N A Axles Limited Sep 2016 130.41 Engineering - Automotive 17.00 Jalandhar 207.00 341.10
RBL Bank Limited Aug 2016 1,212.97 Banking and Finance 28.00 Kolhapur 225.00 173.53
S P Apparels Limited Aug 2016 239.12 Textiles 20.00 Tirupur 268.00 681.30
Dilip Buildcon Limited Aug 2016 653.98 Engineering - EPC 15.00 Bhopal 219.00 475.90
Advanced Enzyme Technologies Limited Aug 2016 411.49 Healthcare 25.00 Mumbai 896.00 279.45
L&T Infotech Limited Jul 2016 1,236.00 Information Technology 13.00 Mumbai 710.00 4,491.35
Mahanagar Gas Limited Jul 2016 1,039.64 Oil and Gas 13.40 Mumbai 421.00 1,386.95
Ujjivan Financial Services Limited May 2016 887.69 Banking and Finance 15.00 Bangalore 210.00 0.00
Equitas Holdings Limited Apr 2016 2,175.00 Banking and Finance 22.00 Chennai 110.00 0.00
Precision Camshafts Limited Feb 2016 410.00 Engineering 26.00 Solapur 186.00 172.62
Alkem Laboratories Limited Dec 2015 1,349.61 Pharmaceutical 28.00 Mumbai 1,050.00 4,881.70
Pennar Engineered Building Systems Limited Sep 2015 156.19 Engineering 27.00 Hyderabad 178.00 0.00
Navkar Corporation Limited Sep 2015 600.00 Logistics 23.00 Mumbai 155.00 103.09
Power Mech Projects Limited Aug 2015 273.22 Engineering - EPC 13.00 Hyderabad 640.00 2,717.65
Syngene International Limited Aug 2015 550.00 Pharmaceutical 27.00 Bangalore 250.00 726.20
PNC Infratech Limited May 2015 488.44 Infrastructure 22.00 New Delhi 378.00 253.20
UFO Moviez Limited May 2015 600.00 Advertising and Media 30.00 New Delhi 625.00 66.24
VRL Logistics Limited Apr 2015 473.88 Logistics 19.00 Hubballi 205.00 473.20
Inox Wind Limited Apr 2015 1,020.52 Power and Energy - Wind 30.00 Una 325.00 163.04
Shemaroo Entertainment Limited Oct 2014 120.00 Advertising and Media 17.00 Mumbai 170.00 91.49
Sharda Cropchem Limited Sep 2014 351.86 Chemical - Pesticides 13.00 Mumbai 156.00 571.55
Wonderla Holidays Limited Sep 2014 181.25 Hotels and Resorts 17.00 Bangalore 125.00 653.80
Power Grid Corporation of India Dec 2013 6,958.64 Electric Equipments - Transformers 21.99 New Delhi 85.50 290.35
V-Mart Retail Limited Feb 2013 94.42 Retail - Supermarket 16.36 New Delhi 210.00 2,910.75
Bharti Infratel Limited Dec 2012 4,155.80 Telecom 14.44 New Delhi 220.00 334.30
PC Jeweller Limited Dec 2012 609.30 Jewellery 10.30 New Delhi 135.00 13.06
Credit Analysis & Research Limited Dec 2012 539.98 Banking and Finance 23.06 Mumbai 750.00 1,106.00
Tribhovandas Bhimji Zaveri Limited May 2012 200.00 Jewellery 21.86 Mumbai 120.00 183.30
MT Educare Limited Apr 2012 99.00 Education 13.59 Mumbai 80.00 2.07
National Buildings Construction Corporation Limited Apr 2012 127.20 Infrastructure 22.02 New Delhi 106.00 81.89
Olympic Cards Limited Mar 2012 25.00 Corporate Solutions 10.60 Chennai 30.00 3.70
Flexituff International Limited Oct 2011 104.63 Packaging & Disposables 10.50 Kolkata 155.00 29.02
Tijaria Polypipes Limited Oct 2011 60.00 Plastic and Polymer 21.00 Jaipur 60.00 5.14
Prakash Constrowell Limited Oct 2011 60.00 Infrastructure 13.00 Nasik 138.00 0.46
PG Electroplast Limited Sep 2011 120.65 Electric Equipments - OEM 18.60 New Delhi 210.00 916.60
Vaswani Industries Limited Sep 2011 49.00 Steel - Iron 15.76 Raipur 49.00 35.17
TD Power Systems Limited Sep 2011 227.00 Electric Equipments 10.20 Bangalore 256.00 410.50
Brooks Laboratories Limited Sep 2011 63.00 Pharmaceutical 17.33 Punjab 100.00 106.36
L&T Finance Holdings Limited Aug 2011 1,245.00 Banking and Finance 24.80 Mumbai 52.00 153.22
Inventure Growth & Securities Limited Aug 2011 81.90 Banking and Finance 26.35 Mumbai 117.00 1.34
Bharatiya Global Infomedia Limited Jul 2011 55.10 Information Technology - Data Solutions 22.97 New Delhi 82.00 3.39
VMS Industries Limited Jun 2011 25.75 Banking and Finance 16.36 Bhavnagar 40.00 24.41
Power Finance Corporation Limited May 2011 4,578.20 Banking and Finance 14.44 New Delhi 203.00 414.25
Sanghvi Forging & Engineering Limited May 2011 36.90 Automobile - Forging and Casting 10.30 Waghodia 85.00 0.00
Muthoot Finance Limited May 2011 901.25 Banking and Finance 24.85 Kochi 175.00 2,382.90
PTC India Financial Services Limited Mar 2011 438.76 Banking and Finance 23.06 New Delhi 28.00 31.27
Fineotex Chemical Limited Mar 2011 29.48 Chemical - Speciality 21.86 Mumbai 70.00 229.83
Omkar Speciality Chemicals Limited Feb 2011 79.38 Chemical - Speciality 13.59 Mumbai 98.00 5.45
Tata Steel Limited Feb 2011 3,477.00 Steel 22.02 Mumbai 610.00 154.24
Shipping Corporation of India Limited Dec 2010 1,164.73 Logistics 15.33 Mumbai 140.00 165.28
RPP Infra Projects Limited Dec 2010 48.75 Infrastructure 14.31 Erode 75.00 137.34
Gyscoal Alloys Limited Oct 2010 54.67 Steel - Iron 10.25 Ahmedabad 71.00 0.00
Oberoi Realty Limited Oct 2010 1,028.61 Real Estate 16.66 Mumbai 260.00 1,637.40
Bedmutha Industries Limited Oct 2010 91.80 Cables and Wires 12.30 Nashik 102.00 161.71
Ashoka Buildcon Limited Oct 2010 225.00 Infrastructure 18.69 Nashik 324.00 192.51
VA Tech Wabag Limited Oct 2010 125.00 ESG - Waste 25.03 Chennai 1,310.00 1,454.65
Ramky Infrastructure Limited Oct 2010 530.00 Infrastructure 26.07 Hyderabad 450.00 448.25
Career Point Infosystems Limited Oct 2010 115.00 Education 23.54 Kota 310.00 419.85
Bajaj Corp Limited Aug 2010 297.00 FMCG 19.70 Mumbai 660.00 157.25
Engineers India Limited Aug 2010 959.65 Engineering - EPC 21.99 New Delhi 290.00 160.58
Parabolic Drugs Limited Jul 2010 200.00 Pharmaceutical 12.93 Chandigarh 75.00 0.00
Standard Chartered PLC IDR Jun 2010 2,486.35 Banking and Finance 14.67 London 104.00 0.00
Persistent Systems Limited Apr 2010 168.01 Information Technology 16.25 Pune 310.00 5,513.75
NMDC Limited Mar 2010 9,930.45 Minerals 27.35 Hyderabad 300.00 68.89
United Bank of India Mar 2010 324.98 Banking and Finance 28.20 Kolkata 66.00 0.00
NTPC Limited Mar 2010 8,480.10 Power and Energy 20.49 New Delhi 201.00 357.60
Texmo Pipes & Products Limited Mar 2010 45.00 Plastic and Polymer 11.72 Burhanpur 90.00 49.53
ARSS Infrastructure Projects Limited Mar 2010 103.00 Infrastructure 11.06 Bhubaneswar 450.00 36.99
Emmbi Polyarns Limited Feb 2010 38.96 Plastic and Polymer 10.34 Mumbai 45.00 87.45
Cox and Kings (India) Limited Dec 2009 610.39 Travel and Tourism 14.70 Mumbai 330.00 0.00
Oil India Limited Sep 2009 2,777.25 Oil and Gas 10.10 Dibrugarh 1,050.00 386.75
Jindal Cotex Limited Sep 2009 84.38 Textiles 21.68 Ludhiana 75.00 0.00
Raj Oil Mills Limited Aug 2009 114.00 Agro 10.11 Mumbai 120.00 0.00
Mahindra Holidays and Resorts India Limited Jul 2009 277.96 Hotels and Resorts 29.44 Chennai 300.00 284.95
20 Microns Limited Sep 2008 23.93 Minerals 18.09 Waghodia 55.00 191.04
Somi Conveyor Beltings Limited Jul 2008 21.80 Rubber 13.90 Jodhpur 35.00 177.77
Lotus Eye Care Hospital Limited Jul 2008 38.00 Healthcare - Hospitals and Clinic 18.72 Coimbatore 38.00 66.99
Bafna Pharmaceuticals Limited Jun 2008 25.60 Pharmaceutical 12.44 Chennai 40.00 0.00
Niraj Cement Structurals Limited Jun 2008 61.75 Infrastructure 20.65 Mumbai 190.00 54.29
Gokul Refoils and Solvent Limited Jun 2008 139.59 Agro 12.52 Gujarat 195.00 42.76
Kiri Dyes and Chemicals Limited Apr 2008 56.25 Chemical 17.14 Ahmedabad 150.00 623.30
Sita Shree Food Products Limited Apr 2008 31.50 Agro - Food Products 27.52 Indore 30.00 0.00
Rural Electrification Corporation Limited Mar 2008 1,639.26 Power and Energy 10.55 New Delhi 105.00 429.20
GSS America Infotech Limited Mar 2008 139.90 Information Technology - Data Solutions 11.62 Hyderabad 400.00 32.63
Bang Overseas Limited Feb 2008 72.45 Textiles 14.54 Mumbai 207.00 46.83
KNR Constructions Limited Feb 2008 133.87 Infrastructure 16.77 Hyderabad 180.00 228.13
Cords Cable Industries Limited Feb 2008 41.65 Cables and Wires 18.29 New Delhi 135.00 157.07
J Kumar Infraprojects Limited Feb 2008 71.50 Infrastructure 10.40 Mumbai 110.00 634.40
Aries Agro Limited Jan 2008 58.50 Chemical - Pesticides 12.72 Mumbai 130.00 253.62
Brigade Enterprises Limited Dec 2007 648.36 Real Estate 13.21 Bangalore 390.00 976.65
Transformers and Rectifiers India Limited Dec 2007 139.27 Electric Equipments - Transformers 17.05 Sanand 465.00 0.00
Jyothi Laboratories Limited Dec 2007 305.69 FMCG 20.72 Mumbai 690.00 328.70
Kaushalya Infrastructure Dev Corp Limited Dec 2007 51.00 Infrastructure 15.87 Kolkata 60.00 877.65
Consolidated Construction Consortium Limited Oct 2007 188.70 Infrastructure 12.94 Chennai 510.00 14.34
Power Grid Corporation of India Limited Oct 2007 2,984.45 Electric Equipments - Transformers 15.40 New Delhi 52.00 290.35
Kaveri Seed Company Limited Oct 2007 68.00 Agro - Plantation 11.30 Secunderabad 170.00 1,263.15
Indowind Energy Limited Sep 2007 81.25 Power and Energy - Wind 29.89 Chennai 65.00 16.40
K.P.R. Mill Limited Aug 2007 133.02 Textiles - Fabrics 11.82 Coimbatore 225.00 906.50
Nelcast Limited Jun 2007 95.27 Steel - Iron 12.87 Gudur 219.00 82.99
Time Technoplast Limited Jun 2007 123.53 Packaging & Disposables 20.17 Daman 315.00 417.70
Nitin Fire Protection Industries Limited Jun 2007 64.41 Corporate Solutions 15.53 Mumbai 190.00 0.00
Asahi Songwon Colors Limited Jun 2007 33.50 Chemical 13.06 Mehsana 90.00 333.60
Hilton Metal Forging Limited May 2007 38.15 Automobile - Forging and Casting 11.34 Mumbai 70.00 71.16
Bhagwati Banquets And Hotels Limited May 2007 92.00 Hotels and Resorts 13.70 Ahmedabad 40.00 9.74
ICRA Limited Apr 2007 85.18 Banking and Finance 23.01 New Delhi 330.00 5,505.05
Astral Poly Technik Limited Mar 2007 34.17 Plastic and Polymer 15.77 Ahmedabad 115.00 1,294.25
AMD Metplast Limited Mar 2007 76.25 FMCG - Snacks and Beverages 16.63 New Delhi 75.00 45.25
MindTree Consulting Limited Mar 2007 237.72 Information Technology 21.30 Bangalore 425.00 0.00
SMS Pharmaceuticals Limited Feb 2007 97.93 Pharmaceutical 17.35 Hyderabad 380.00 212.78
Power Finance Corporation Limited Feb 2007 997.19 Banking and Finance 10.30 New Delhi 85.00 414.25
Redington (India) Limited Feb 2007 149.51 Logistics 18.17 Chennai 113.00 242.95
Technocraft Industries (India) Limited Feb 2007 87.36 Textiles 11.67 Mumbai 105.00 2,625.85
Akruti Nirman Limited Feb 2007 361.80 Real Estate 14.18 Mumbai 540.00 188.59
Autoline Industries Limited Jan 2007 75.00 Automobile 14.10 Pune 225.00 69.90
Lumax Auto Technologies Limited Jan 2007 22.59 Automobile 14.85 Pune 75.00 539.95
XL Telecom Limited Dec 2006 59.35 Telecom 14.16 Secunderabad 150.00 0.00
Zenith Birla (India) Limited Nov 2006 131.00 Steel - Tubes and Pipes 13.50 Mumbai 55.00 6.50
Accel Frontline Limited Oct 2006 42.27 Information Technology - SaaS 13.49 Chennai 75.00 73.74
Global Vectra Helicorp Limited Oct 2006 64.75 Infrastructure 25.20 New Delhi 200.00 240.20
Fiem Industries Limited Oct 2006 56.17 Automobile 13.48 New Delhi 137.00 1,407.75
Gayatri Projects Limited Oct 2006 85.55 Engineering - EPC 15.01 Mumbai 295.00 6.23
Action Construction Equipment Limited Sep 2006 59.80 Engineering - Heavy Machinery 11.02 New Delhi 130.00 1,257.10
Deep Industries Limited Sep 2006 40.68 Infrastructure 13.64 Gandhinagar 36.00 0.00
Atlanta Limited Sep 2006 64.50 Infrastructure 10.07 Mumbai 150.00 27.79

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SME IPO

Upcoming IPOs in India

The below mentioned are the forthcoming IPOs for which DRHPs have been filed recently and are in process of approval by the BSE or NSE exchange.

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

FAQs

The Price-to-Earnings (P/E) multiple helps investors evaluate whether an SME IPO is fairly priced by comparing its valuation to industry peers. A high P/E suggests growth potential but may indicate overvaluation, while a low P/E signals affordability or weaker earnings prospects. 

The P/E ratio is calculated as: 

P/E Ratio = Issue Price ÷ Earnings Per Share (EPS) 

It measures how much investors are willing to pay for each rupee of earnings, helping assess IPO attractiveness compared to industry benchmarks and financial performance. 

Understand Importance of PE ratio in Detail. 

A good P/E ratio depends on industry standards and growth prospects. Generally, a lower P/E (5-15x) suggests affordability, while a higher P/E (20x+) may indicate growth potential but could also signal overvaluation, requiring further analysis. 

The Price-to-Earnings (P/E) ratio is a valuation metric showing how much investors are willing to pay per rupee of earnings. It helps compare a company’s market price to its profits, guiding investment decisions in IPOs and stock market investments. 

IPO valuation considers financial performance, P/E ratio, industry comparison, revenue growth, debt levels, and market demand. Other factors include management quality, economic conditions, and investor sentiment, influencing whether an IPO is attractively priced for potential investors.