247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Mainboard IPOs by Profitability

Analyse the financial performance of Mainboard IPOs with key metrics such as IPO size, IPO category, city, PAT, revenue, and PE ratio. Our curated table provides a detailed list of IPOs to assist businesses and investors in making strategic decisions. Supported by seasoned IPO consultants, we simplify the IPO listing process and ensure compliance with industry standards. Leverage data-driven insights and expert guidance to explore profitable opportunities and position your business for long-term success in the market.

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Summary

PE Ratio*
Highest 49.87
Median 18.35
Lowest 0.81
IPO Size (Cr.)
Highest 1650.00
Median 321.26
Lowest 29.48
  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.

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Company Name IPO Year (Listed) IPO Size (Cr.) P/E Annualized Revenue Annualised PAT net margin %
Rishabh Instruments Limited Sep 2023 490.78 0.00 579.78 49.69 9%
Advanced Enzyme Technologies Limited Aug 2016 411.49 25.00 78.44 49.22 63%
Chemcon Speciality Chemicals Limited Oct 2020 318.00 25.49 266.02 48.85 18%
Mamata Machinery Limited Dec 2024 179.39 16.59 321.75 48.17 15%
Senores Pharmaceuticals Limited Dec 2024 582.11 28.21 366.70 47.88 13%
Ashoka Buildcon Limited Oct 2010 225.00 18.69 756.00 47.80 6%
Tega Industries Limited Dec 2021 619.23 63.18 717.56 47.52 7%
Fortis Healthcare Limited May 2007 496.76 0.00 129.03 47.47 37%
GPT Healthcare Limited Feb 2024 525.14 0.00 413.40 46.98 11%
Netweb Technologies India Limited Jul 2023 631.00 0.00 445.65 46.94 11%
Data Patterns (India) Limited Dec 2021 588.22 65.36 194.34 46.42 24%
IKIO Lighting Limited Jun 2023 606.50 0.00 324.24 46.20 14%
Apeejay Surrendra Park Hotels Limited Feb 2024 920.00 10.30 544.62 45.90 8%
Platinum Industries Limited Mar 2024 235.32 0.00 247.46 45.68 18%
Laxmi Dental Limited Jan 2025 698.06 51.73 235.80 45.48 19%
Tanla Solutions Limited Jan 2007 378.86 35.15 73.78 45.36 61%
Manpasand Beverages Limited Jul 2015 400.00 85.00 438.39 45.21 10%
Kross Limited Sep 2024 500.00 34.50 621.46 44.88 7%
Goenka Diamond & Jewels Limited Apr 2010 126.51 0.00 547.35 44.76 8%
Technocraft Industries (India) Limited Feb 2007 87.36 11.67 316.20 44.72 14%
VA Tech Wabag Limited Oct 2010 125.00 25.03 1233.76 44.05 4%
XL Telecom Limited Dec 2006 59.35 14.16 1583.80 43.24 3%
Parag Milk Foods Limited May 2016 751.78 44.00 1641.59 42.56 3%
Garuda Construction and Engineering Limited Oct 2024 264.10 21.03 142.56 42.00 29%
TVS Supply Chain Solutions Limited Aug 2023 880.00 0.00 10311.01 41.76 0%
TD Power Systems Limited Sep 2011 227.00 10.20 494.80 41.64 8%
PTC India Financial Services Limited Mar 2011 438.76 23.06 110.05 41.61 38%
Orient Technologies Limited Aug 2024 214.76 20.70 606.86 41.45 7%
Concord Enviro Systems Limited Dec 2024 500.33 30.79 512.27 41.44 8%
Elin Electronics Limited Dec 2022 475.00 29.69 1209.48 41.34 3%
Wonderla Holidays Limited Sep 2014 181.25 17.00 162.04 41.21 25%
Krystal Integrated Services Limited Mar 2024 300.13 24.30 911.34 41.12 5%
Easy Trip Planners Limited Mar 2021 510.00 49.87 108.63 40.72 37%
eMudhra Limited Jun 2022 412.79 49.42 184.40 40.45 22%
Kaynes Technology India Ltd Nov 2022 857.82 84.95 799.92 40.20 5%
KRN Heat Exchanger and Refrigeration Limited Oct 2024 341.95 33.52 313.54 39.07 12%
Cox and Kings (India) Limited Dec 2009 610.39 14.70 161.37 38.17 24%
S.J.S. Enterprises Limited Nov 2021 800.00 43.42 301.16 38.00 13%
MTAR Technologies Limited Mar 2021 596.41 47.24 237.32 37.43 16%
HPL Electric & Power Limited Oct 2016 361.00 35.00 1121.25 36.62 3%
Amber Enterprises India Limited Jan 2018 600.00 40.00 1255.40 36.41 3%
Shree Tirupati Balajee Agro Trading Company Limited Sep 2024 169.65 18.77 552.82 36.07 7%
Sigachi Industries Limited Nov 2021 125.43 13.93 220.48 35.96 16%
Time Technoplast Limited Jun 2007 123.53 20.17 340.77 35.85 11%
Oberoi Realty Limited Oct 2010 1028.61 16.66 80.95 34.92 43%
S P Apparels Limited Aug 2016 239.12 20.00 537.75 34.71 6%
Updater Services Limited Oct 2023 640.00 5.93 2112.09 34.61 2%
Credo Brands Marketing Limited Dec 2023 549.78 4.49 477.72 34.32 7%
Monte Carlo Fashions Limited Dec 2014 350.43 40.00 316.92 34.08 11%
Stallion India Fluorochemicals Limited Jan 2025 199.45 21.55 283.06 33.14 12%
eClerx Services Limited Dec 2007 101.00 0.00 102.88 32.94 32%
Indiabulls Power Limited Oct 2009 1529.10 71.43 61.16 32.92 54%
ideaForge Technology Limited Jul 2023 567.29 3.81 196.40 31.99 16%
Pyramid Technoplast Limited Aug 2023 153.05 11.34 482.03 31.76 7%
Cyient DLM Limited Jul 2023 592.00 0.00 838.34 31.73 4%
TAKE Solutions Limited Aug 2007 153.30 63.48 182.80 31.60 17%
Venus Pipes & Tubes Limited May 2022 165.42 21.03 371.04 31.47 8%
Manba Finance Limited Sep 2024 150.84 19.19 191.63 31.42 16%
Flexituff International Limited Oct 2011 104.63 10.50 579.00 30.97 5%
Diffusion Engineers Limited Oct 2024 158.00 20.41 285.56 30.80 11%
Suraksha Diagnostic Limited Dec 2024 846.25 74.89 247.40 30.68 12%
Aeroflex Industries Limited Aug 2023 351.00 0.00 269.48 30.15 11%
Raj Oil Mills Limited Aug 2009 114.00 10.11 321.15 29.62 9%
Saraswati Saree Depot Limited Aug 2024 160.01 21.46 612.58 29.53 5%
BLS E-Services Limited Feb 2024 310.91 24.85 316.10 29.36 9%
Titagarh Wagons Limited Apr 2008 128.72 34.07 284.05 29.18 10%
Valiant Laboratories Limited Oct 2023 152.46 0.00 338.77 29.00 9%
PSP Projects Limited May 2017 211.68 26.00 332.56 28.64 9%
Khadim India Limited Nov 2017 543.06 63.29 719.04 28.44 4%
SRM Contractors Limited Apr 2024 130.20 17.15 323.04 28.09 9%
MBL Infrastructures Limited Jan 2010 102.60 0.00 513.64 27.40 5%
Shemaroo Entertainment Limited Oct 2014 120.00 17.00 265.95 27.27 10%
Global Surfaces Limited Mar 2023 154.98 21.84 198.50 27.18 14%
Gokul Refoils and Solvent Limited Jun 2008 139.59 12.52 1600.02 26.71 2%
Indowind Energy Limited Sep 2007 81.25 29.89 110.28 26.28 24%
Tolins Tyres Limited Sep 2024 230.00 34.33 228.69 26.01 11%
G N A Axles Limited Sep 2016 130.41 17.00 509.94 25.96 5%
CL Educate Limited Mar 2017 238.95 27.00 321.40 25.84 8%
Hariom Pipe Industries Limited Apr 2022 130.05 15.15 402.32 25.74 6%
KNR Constructions Limited Feb 2008 133.87 16.77 416.32 25.64 6%
Ratnaveer Precision Engineering Limited Sep 2023 165.03 0.00 481.14 25.04 5%
Transformers and Rectifiers India Limited Dec 2007 139.27 17.05 275.00 25.00 9%
Narayana Hrudayalaya Limited Jan 2016 613.08 200.00 1577.12 24.98 2%
Stanley Lifestyles Limited Jun 2024 537.02 84.40 429.72 24.93 6%
Parabolic Drugs Limited Jul 2010 200.00 12.93 466.86 24.82 5%
JG Chemicals Limited Mar 2024 251.19 20.08 654.80 24.68 4%
Apex Frozen Foods Limited Sep 2017 152.25 22.00 709.68 24.41 3%
RBZ Jewellers Limited Dec 2023 100.00 34.04 251.04 24.18 10%
Gammon Infrastructure Projects Limited Apr 2008 276.39 323.00 155.42 24.04 15%
Entero Healthcare Solutions Limited Feb 2024 1600.00 9.84 3797.96 23.28 1%
Supreme Infrastructure India Limited Oct 2007 37.53 8.53 152.04 23.12 15%
Zaggle Prepaid Ocean Services Limited Sep 2023 563.38 0.00 554.58 22.90 4%
Akruti Nirman Limited Feb 2007 361.80 14.18 111.12 22.89 21%
Snowman Logistics Limited Sep 2014 197.40 35.00 155.23 22.48 14%
Gala Precision Engineering Limited Sep 2024 167.93 30.01 204.38 22.33 11%
Pennar Engineered Building Systems Limited Sep 2015 156.19 27.00 452.36 21.98 5%
Baazar Style Retail Limited Sep 2024 834.68 132.28 982.83 21.94 2%
TeamLease Services Limited Feb 2016 423.68 60.00 2431.58 21.94 1%
Motisons Jewellers Limited Dec 2023 151.09 0.00 347.04 21.92 6%
Voltamp Transformers Limited Sep 2006 168.49 0.00 270.56 21.81 8%
MIC Electronics Limited May 2007 76.50 8.25 130.90 21.78 17%
GTPL Hathway Limited Jul 2017 484.80 88.00 884.61 21.73 2%
Ethos Limited May 2022 472.29 96.00 572.47 21.32 4%
SMS Pharmaceuticals Limited Feb 2007 97.93 17.35 195.26 21.20 11%
Prabhat Dairy Limited Sep 2015 356.19 64.00 1001.74 21.04 2%
Asian Granito India Limited Aug 2007 67.90 6.50 152.30 20.99 14%
Info Edge India Limited (Naukri.com) Nov 2006 170.36 0.00 117.28 20.88 18%
Shriram EPC Limited Feb 2008 150.00 43.16 450.24 20.86 5%
Nova AgriTech Limited Jan 2024 143.81 23.06 206.48 20.76 10%
Salasar Techno Engineering Limited Jul 2017 35.87 6.80 384.64 20.74 5%
Career Point Infosystems Limited Oct 2010 115.00 23.54 68.92 20.66 30%
Jaypee Infratech Limited May 2010 1650.00 68.40 55.28 20.64 37%
Kronox Lab Sciences Limited Jun 2024 130.15 24.47 91.25 20.63 23%
Insecticides India Limited May 2007 36.92 4.35 224.21 20.63 9%
Commercial Engineers & Body Builders Co Limited Oct 2010 153.00 127.00 196.87 20.29 10%
Religare Enterprises Limited Nov 2007 140.16 72.73 27.04 20.28 75%
Udayshivakumar Infra Limited Apr 2023 66.00 9.67 214.28 20.04 9%
IndiaMART InterMESH Limited Jul 2019 475.59 140.00 548.39 20.04 4%
Speciality Restaurants Limited May 2012 176.09 47.00 202.81 20.03 10%
Likhitha Infrastructure Limited Oct 2020 61.20 11.90 162.79 19.88 12%
Nelcast Limited Jun 2007 95.27 12.87 303.28 19.77 7%
MT Educare Limited Apr 2012 99.00 13.59 144.58 19.50 13%
Vascon Engineers Limited Feb 2010 178.20 40.44 524.75 19.25 4%
DEE Development Engineers Limited Jun 2024 418.01 73.33 743.81 19.12 3%
Astron Paper & Board Mill Limited Dec 2017 70.00 12.00 221.92 18.92 9%
KSK Energy Ventures Limited Jul 2008 830.66 41.88 92.81 18.86 20%
Shree Pushkar Chemicals and Fertilisers Limited Sep 2015 70.00 10.00 266.81 18.65 7%
C & C Constructions Limited Feb 2007 124.24 0.00 171.06 18.12 11%
Gayatri Projects Limited Oct 2006 85.55 15.01 376.40 18.07 5%
Uma Exports Limited Apr 2022 60.00 12.81 1047.88 17.94 2%
PG Electroplast Limited Sep 2011 120.65 18.60 423.97 17.90 4%
V-Guard Industries Limited Mar 2008 65.60 9.69 263.74 17.88 7%
Page Industries Limited (Jockey India) Mar 2007 100.94 7.70 148.36 17.80 12%
Vibhor Steel Tubes Limited Feb 2024 72.17 21.99 1062.48 17.04 2%
Keystone Realtors Limited Nov 2022 635.00 365.54 704.00 16.88 2%
Lovable Lingeries Limited Mar 2011 93.28 47.00 115.43 16.81 15%
Affle (India) Limited Aug 2019 459.00 114.00 121.45 16.68 14%
Akme Fintrade India Limited Jun 2024 132.00 31.33 71.27 16.33 23%
Neogen Chemicals Limited May 2019 132.35 31.00 212.92 16.29 8%
Dreamfolks Services Limited Sep 2022 562.10 104.82 283.99 16.25 6%
DQ Entertainment (International) Limited Mar 2010 128.16 0.81 150.90 16.15 11%
J Kumar Infraprojects Limited Feb 2008 71.50 10.40 164.70 15.98 10%
R K SWAMY Limited Mar 2024 423.56 0.00 285.10 15.86 6%
Action Construction Equipment Limited Sep 2006 59.80 11.02 225.20 15.80 7%
Paras Defence And Space Technologies Limited Oct 2021 170.78 43.21 144.61 15.79 11%
Fineotex Chemical Limited Mar 2011 29.48 21.86 26.96 15.78 59%
Renaissance Jewellery Limited Dec 2007 79.86 7.97 385.52 15.72 4%
Windlas Biotech Limited Aug 2021 401.54 64.00 430.70 15.57 4%
Atlanta Limited Sep 2006 64.50 10.07 109.44 15.56 14%
Exxaro Tiles Limited Aug 2021 161.09 35.29 259.85 15.22 6%

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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

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