43  Total SME IPOs listed in 2025

1993.07 Crs.  Total funds raised in 2025

32  SME IPOs listed with Gain in 2025

11  SME IPOs listed with loss in 2025

43  Total SME IPOs listed in 2025

1993.07 Crs.  Total funds raised in 2025

32  SME IPOs listed with Gain in 2025

11  SME IPOs listed with loss in 2025

43  Total SME IPOs listed in 2025

1993.07 Crs.  Total funds raised in 2025

32  SME IPOs listed with Gain in 2025

11  SME IPOs listed with loss in 2025

43  Total SME IPOs listed in 2025

1993.07 Crs.  Total funds raised in 2025

32  SME IPOs listed with Gain in 2025

11  SME IPOs listed with loss in 2025

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Summary

PE Ratio*
Highest 49.24
Median 24.40
Lowest 5.53
IPO Size (Cr.)
Highest 3042.62
Median 629.90
Lowest 100.00
  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.

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.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector P/E Annualized Revenue Annualised PAT Net margin %
Dr Agarwals Health Care Limited Feb 2025 3027.26 Healthcare - Hospitals and Clinic 160.48 1675.88 79.12 5%
Standard Glass Lining Technology Limited Jan 2025 410.05 Engineering 38.50 624.20 72.54 12%
Unimech Aerospace And Manufacturing Limited Dec 2024 500.00 Defence 51.61 255.16 77.36 30%
Carraro India Limited Dec 2024 1250.00 Engineering - Automotive 40.24 1845.48 99.46 5%
DAM Capital Advisors Limited Dec 2024 840.25 Banking and Finance 28.37 182.00 70.52 39%
Sai Life Sciences Limited Dec 2024 3042.62 Chemical 203.82 1386.70 56.02 4%
Sagility India Limited Nov 2024 2106.60 Healthcare 61.52 4991.04 89.16 2%
Deepak Builders & Engineers India Limited Oct 2024 260.04 Infrastructure 16.63 425.36 56.84 13%
Western Carriers (India) Limited Sep 2024 492.88 Logistics 21.83 1691.41 80.35 5%
ECOS (India) Mobility & Hospitality Limited Sep 2024 601.20 Corporate Solutions 32.05 568.21 62.53 11%
Interarch Building Products Limited Aug 2024 600.29 Steel 17.36 1306.32 86.26 7%
Sanstar Limited Jul 2024 510.15 Agro 25.93 1081.68 66.77 6%
Bansal Wire Industries Limited Jul 2024 745.00 Metal 50.86 2470.89 78.80 3%
Vraj Iron and Steel Limited Jul 2024 171.00 Steel - Iron 11.49 406.41 59.44 15%
Le Travenues Technology Limited Jun 2024 740.10 Online Service Provider 41.12 662.80 87.61 13%
JNK India Limited Apr 2024 649.47 Engineering - Heavy Machinery 37.46 342.35 61.61 18%
Popular Vehicles & Services Limited Mar 2024 601.55 Automobile 26.22 5696.42 80.08 1%
Mukka Proteins Limited Mar 2024 224.00 Agro 0.00 1225.76 65.96 5%
Exicom Tele-Systems Limited Mar 2024 429.00 Electric Equipments 0.00 934.42 54.92 6%
Medi Assist Healthcare Services Limited Jan 2024 1171.58 Insurance 21.86 624.06 90.52 15%
Innova Captab Limited Dec 2023 570.00 Pharmaceutical 22.02 937.48 70.36 8%
Azad Engineering Limited Dec 2023 740.00 Engineering - Heavy Machinery 10.60 339.08 53.78 16%
Suraj Estate Developers Limited Dec 2023 400.00 Real Estate 15.33 411.24 58.12 14%
Honasa Consumer Limited Nov 2023 1701.44 Healthcare - Personal Care 25.03 1908.40 98.88 5%
Manoj Vaibhav Gems 'N' Jewellers Limited Oct 2023 270.20 Jewellery 0.00 2040.84 76.96 4%
Sai Silks (Kalamandir) Limited Sep 2023 1201.00 Textiles 0.00 1358.92 97.59 7%
Jupiter Life Line Hospitals Limited Sep 2023 869.08 Healthcare - Hospitals and Clinic 0.00 902.96 72.91 8%
Vishnu Prakash R Punglia Limited Sep 2023 308.88 Engineering - EPC 0.00 1171.46 90.64 8%
Yatharth Hospital and Trauma Care Services Limited Aug 2023 686.55 Healthcare - Hospitals and Clinic 0.00 523.10 65.77 13%
Avalon Technologies Limited Apr 2023 865.00 Electric Equipments - OEM 55.54 895.47 51.28 6%
Divgi TorqTransfer Systems Limited Mar 2023 412.12 Electric Equipments - OEM 35.16 275.10 51.32 19%
Radiant Cash Management Services Limited Jan 2023 256.64 Corporate Solutions 17.34 337.52 61.28 18%
Landmark Cars Limited Dec 2022 552.00 Automobile 27.61 3207.60 72.56 2%
Abans Holdings Limited Dec 2022 345.60 Banking and Finance 18.96 691.94 71.38 10%
Sula Vineyards Limited Dec 2022 960.35 FMCG - Snacks and Beverages 49.24 451.52 61.02 14%
Dharmaj Crop Guard Limited Dec 2022 251.15 Agro 14.55 663.51 55.08 8%
Bikaji Foods International Limited Nov 2022 881.22 FMCG 119.05 1695.28 62.80 4%
Harsha Engineers International Limited Sep 2022 755.00 Engineering 32.67 1339.00 91.94 7%
Syrma SGS Technology Ltd Aug 2022 840.00 Electric Equipments 50.69 1284.37 76.46 6%
Aether Industries Limited Jun 2022 808.04 Chemical - Speciality 72.30 449.32 82.91 18%
Prudent Corporate Advisory Services Limited May 2022 538.61 Banking and Finance 33.94 437.33 76.84 18%
Metro Brands Limited Dec 2021 1367.51 Footwear 157.23 978.54 86.20 9%
C.E. Info systems limited Dec 2021 1039.61 Information Technology - SaaS 58.79 245.16 93.54 38%
Tarsons Products Limited Nov 2021 1023.47 Engineering 35.46 284.52 99.36 35%
Latent View Analytics Limited Nov 2021 600.00 Information Technology - Data Solutions 43.68 366.96 89.24 24%
Ami Organics Limited Sep 2021 569.64 Chemical - Speciality 41.16 341.99 54.00 16%
Rolex Rings Limited Aug 2021 731.00 Automobile - Forging and Casting 28.18 619.76 86.96 14%
Tatva Chintan Pharma Chem Limited Jul 2021 500.00 Chemical - Speciality 45.95 306.29 52.26 17%
Suryoday Small Finance Bank Limited Mar 2021 582.34 Banking and Finance 44.27 919.03 73.16 8%
Laxmi Organic Industries Limited Mar 2021 600.00 Chemical - Speciality 37.68 1628.72 90.96 6%
Craftsman Automation Limited Mar 2021 823.70 Automobile 46.61 1373.21 67.55 5%
Anupam Rasayan India Limited Mar 2021 760.00 Chemical - Speciality 86.45 750.88 64.12 9%
RailTel Corporation of India Limited Feb 2021 819.24 Infrastructure 33.10 1107.56 91.16 8%
Nureca Limited Feb 2021 100.00 Healthcare - Personal Care 5.53 245.94 72.36 29%
Stove Kraft Limited Feb 2021 412.63 Electric Equipments 21.80 659.02 57.56 9%
Indigo Paints Limited Feb 2021 1176.00 Chemical - Paint and Adhesives 130.00 520.48 54.42 10%
Antony Waste Handling Cell Limited Jan 2021 300.00 ESG - Waste 15.32 430.20 58.10 14%
Mrs. Bectors Food Specialities Limited Dec 2020 540.54 FMCG 21.80 877.12 77.76 9%
Rossari Biotech Limited Jul 2020 496.49 Chemical - Speciality 33.81 603.82 65.25 11%
CSB Bank Limited Dec 2019 409.68 Banking and Finance 38.00 1633.42 88.54 5%
Garden Reach Shipbuilders & Engineers Limited Oct 2018 344.69 Defence 16.00 1525.75 86.81 6%
TCNS Clothing Co. Limited Jul 2018 1125.13 Textiles 44.00 849.16 98.10 12%
Fine Organic Industries Limited Jul 2018 600.20 Chemical - Speciality 29.55 798.95 81.25 10%
Mishra Dhatu Nigam Limited Apr 2018 438.38 Metal 30.00 441.32 54.60 12%
Sandhar Technologies Limited Apr 2018 565.60 Engineering - Automotive 29.00 1981.20 68.46 3%
H.G. Infra Engineering Limited Mar 2018 462.00 Infrastructure 30.00 1093.78 58.56 5%
Future Supply Chain Solutions Limited Dec 2017 649.70 Logistics 40.00 730.40 66.66 9%
Shalby Limited Dec 2017 504.80 Healthcare - Hospitals and Clinic 46.00 362.40 57.92 16%
Mahindra Logistics Limited Nov 2017 829.36 Logistics 29.60 3417.84 60.52 2%
MAS Financial Services Limited Oct 2017 460.04 Banking and Finance 26.00 417.32 94.80 23%
Capacit'e Infraprojects Limited Sep 2017 400.00 Real Estate 24.00 1165.97 69.66 6%
Matrimony.com Limited Sep 2017 496.88 Online Service Provider 38.00 335.56 58.48 17%
Dixon Technologies (India) Limited Sep 2017 600.00 Electric Equipments 40.00 2458.26 50.38 2%
Security and Intelligence Services (India) Limited Aug 2017 779.58 Human Resources and Manpower 65.00 4577.12 90.54 2%
Central Depository Services (India) Limited Jun 2017 523.99 Banking and Finance 18.00 186.85 85.78 46%
Tejas Networks Limited Jun 2017 776.69 Telecom 36.00 878.20 63.22 7%
Shankara Building Products Limited Apr 2017 345.00 Real Estate 18.00 2279.85 55.40 2%
Music Broadcast Limited Mar 2017 488.53 Advertising and Media 31.00 276.42 59.52 22%
Quess Corp Limited Jul 2016 400.00 Human Resources and Manpower 45.00 3442.43 88.52 3%
Thyrocare Technologies Limited May 2016 479.21 Healthcare 45.00 240.63 53.36 22%
Quick Heal Technologies Limited Feb 2016 451.25 Information Technology - Data Solutions 45.00 301.42 52.68 17%
Precision Camshafts Limited Feb 2016 410.00 Engineering 26.00 492.76 62.80 13%
Dr. Lal PathLabs Limited Dec 2015 638.00 Healthcare 48.00 815.42 74.94 9%
S H Kelkar & Company Limited Nov 2015 508.17 FMCG 31.00 895.88 82.64 9%
Navkar Corporation Limited Sep 2015 600.00 Logistics 23.00 332.01 74.36 22%
Power Mech Projects Limited Aug 2015 273.22 Engineering - EPC 13.00 1361.52 70.71 5%
PNC Infratech Limited May 2015 488.44 Infrastructure 22.00 1469.43 88.93 6%
UFO Moviez Limited May 2015 600.00 Advertising and Media 30.00 476.31 54.16 11%
VRL Logistics Limited Apr 2015 473.88 Logistics 19.00 1705.84 95.59 6%
Sharda Cropchem Limited Sep 2014 351.86 Chemical - Pesticides 13.00 524.30 83.00 16%
Just Dial Limited Jun 2013 919.14 Online Service Provider 9.84 362.15 62.77 17%
Repco Home Finance Limited Apr 2013 270.39 Banking and Finance 35.29 377.68 71.22 19%
A2Z Maintenance & Engineering Services Limited Dec 2010 675.00 Engineering - EPC 0.00 1225.29 98.52 8%
Prestige Estates Projects Limited Oct 2010 1200.00 Real Estate 43.78 916.15 70.73 8%
Ramky Infrastructure Limited Oct 2010 530.00 Infrastructure 26.07 1587.92 70.62 4%
Eros International Media Limited Oct 2010 350.00 Advertising and Media 0.00 547.50 51.63 9%
Persistent Systems Limited Apr 2010 168.01 Information Technology 16.25 600.68 66.76 11%
Pradip Overseas Limited Apr 2010 116.60 Home Decor 7.18 1693.12 68.12 4%
Man Infraconstruction Limited Mar 2010 141.75 Infrastructure 0.00 236.00 86.94 37%
ARSS Infrastructure Projects Limited Mar 2010 103.00 Infrastructure 11.06 628.22 51.18 8%
Godrej Properties Limited Jan 2010 468.85 Real Estate 39.14 178.62 95.26 53%
Mahindra Holidays and Resorts India Limited Jul 2009 277.96 Hotels and Resorts 29.44 443.97 83.41 19%
GSS America Infotech Limited Mar 2008 139.90 Information Technology - Data Solutions 11.62 272.81 58.35 21%
OnMobile Global Limited Feb 2008 479.62 Information Technology 0.00 232.60 61.04 26%
BGR Energy Systems Limited Jan 2008 438.53 Power and Energy 115.66 929.60 58.72 6%
Brigade Enterprises Limited Dec 2007 648.36 Real Estate 13.21 449.52 89.46 20%
Mundra Port and Special Economic Zone Limited Nov 2007 1771.00 Logistics 82.60 529.64 80.52 15%
Empee Distilleries Limited Nov 2007 192.00 FMCG - Snacks and Beverages 63.90 1915.20 58.48 3%
Maytas Infra Limited Oct 2007 327.45 Infrastructure 33.64 640.67 55.00 9%
K.P.R. Mill Limited Aug 2007 133.02 Textiles - Fabrics 11.82 512.05 58.42 11%
MindTree Consulting Limited Mar 2007 237.72 Information Technology 21.30 578.37 87.33 15%
Firstsource Solutions Limited Feb 2007 443.52 Outsourcing - BPO 52.00 749.52 83.11 11%
Redington (India) Limited Feb 2007 149.51 Logistics 18.17 8262.76 79.42 1%
Sobha Developers Limited Dec 2006 569.17 Real Estate 0.00 628.43 89.22 14%
Development Credit Bank Limited Oct 2006 185.90 Banking and Finance 0.00 357.43 80.58 23%

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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