214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Shreni Shares Limited Market Maker

Shreni Shares Limited is a SEBI registered entity which offered their services in 51 IPO, out of which 33 IPO are currently trading in gain and 18 in loss. It provides liquidity in the market by continuously offering to buy (bid) and sell (ask) securities during market hours.

SME IPOs assisted so far
51 (₹ 1,016.82 Cr.)
IPOs in Gain 33
IPOs in Loss 18

IPO Performance Report of Kfin Technologies Market Maker

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Vijaypd Ceutical IPO
Financial Report >> 		₹ 35.00 ₹ 35.00 0.00% ₹ 38 8%
Parth Electricals IPO
Financial Report >> 		₹ 170.00 ₹ 174.00 2.35% ₹ 237 39%
Samay Project IPO
Financial Report >> 		₹ 34.00 ₹ 36.05 6.03% ₹ 34 1%
Blue Water IPO
Financial Report >> 		₹ 135.00 ₹ 141.00 4.44% ₹ 160 19%
Manoj Jewellers IPO
Financial Report >> 		₹ 54.00 ₹ 53.95 -0.09% ₹ 48 -12%
Royal Arc IPO
Financial Report >> 		₹ 120.00 ₹ 120.00 0.00% ₹ 162 35%
Landmark Immigration IPO
Financial Report >> 		₹ 72.00 ₹ 75.00 4.17% ₹ 53 -27%
Rikhav Securities IPO
Financial Report >> 		₹ 86.00 ₹ 163.40 90.00% ₹ 73 -15%
Technichem Organics IPO
Financial Report >> 		₹ 55.00 ₹ 57.25 4.09% ₹ 53 -4%
Paramount Speciality IPO
Financial Report >> 		₹ 59.00 ₹ 87.15 47.71% ₹ 35 -41%
Jay Bee IPO
Financial Report >> 		₹ 146.00 ₹ 277.40 90.00% ₹ 198 36%
Picture Post IPO
Financial Report >> 		₹ 24.00 ₹ 31.50 31.25% ₹ 13 -45%
Dhariwalcorp Limited IPO
Financial Report >> 		₹ 106.00 ₹ 142.50 34.43% ₹ 206 94%
Visaman Global IPO
Financial Report >> 		₹ 43.00 ₹ 47.35 10.12% ₹ 123 187%
3C IT IPO
Financial Report >> 		₹ 52.00 ₹ 45.16 13.15% ₹ 18 -65%
GSM Foils IPO
Financial Report >> 		₹ 32.00 ₹ 33.60 5.00% ₹ 228 612%
Silkflex Polymers IPO
Financial Report >> 		₹ 52.00 ₹ 58.70 12.88% ₹ 93 80%
Refractory Shapes IPO
Financial Report >> 		₹ 31.00 ₹ 78.75 154.03% ₹ 40 30%
Shivam Chemicals IPO
Financial Report >> 		₹ 44.00 ₹ 47.40 7.73% ₹ 78 77%
Gabriel Pet IPO
Financial Report >> 		₹ 101.00 ₹ 120.75 19.55% ₹ 266 163%
DelaPlex Limited IPO
Financial Report >> 		₹ 192.00 ₹ 324.45 68.98% ₹ 171 -11%
Manoj Ceramic IPO
Financial Report >> 		₹ 62.00 ₹ 79.00 27.42% ₹ 103 67%
AIK Pipes IPO
Financial Report >> 		₹ 89.00 ₹ 105.00 17.98% ₹ 48 -46%
Sahara Maritime IPO
Financial Report >> 		₹ 81.00 ₹ 81.60 0.74% ₹ 46 -43%
Net Avenue IPO
Financial Report >> 		₹ 18.00 ₹ 42.00 133.33% ₹ 4 -78%
Marco Cables IPO
Financial Report >> 		₹ 36.00 ₹ 40.60 12.78% ₹ 39 8%
Meson Valves IPO
Financial Report >> 		₹ 102.00 ₹ 203.45 99.46% ₹ 265 160%
CPS Shapers IPO
Financial Report >> 		₹ 185.00 ₹ 472.50 155.41% ₹ 729 294%
AccelerateBS India IPO
Financial Report >> 		₹ 90.00 ₹ 114.97 27.74% ₹ 76 -16%
Global Pet IPO
Financial Report >> 		₹ 49.00 ₹ 52.80 7.76% ₹ 140 186%
Veefin Solutions IPO
Financial Report >> 		₹ 82.00 ₹ 86.05 4.94% ₹ 378 361%
Sancode Technologies IPO
Financial Report >> 		₹ 47.00 ₹ 64.00 36.17% ₹ 146 211%
Bright Outdoor IPO
Financial Report >> 		₹ 146.00 ₹ 150.00 2.74% ₹ 345 136%
Srivasavi Adhesive IPO
Financial Report >> 		₹ 41.00 ₹ 40.00 -2.44% ₹ 62 52%
Arihant Academy IPO
Financial Report >> 		₹ 90.00 ₹ 126.10 40.11% ₹ 511 468%
PNGS Gargi IPO
Financial Report >> 		₹ 30.00 ₹ 59.85 99.50% ₹ 834 2679%
Amiable Logistics IPO
Financial Report >> 		₹ 81.00 ₹ 136.40 68.40% ₹ 65 -20%
DAPS Advertising IPO
Financial Report >> 		₹ 30.00 ₹ 55.10 83.67% ₹ 20 -34%
Ameya Precision IPO
Financial Report >> 		₹ 34.00 ₹ 65.40 92.35% ₹ 98 188%
Olatech Solutions IPO
Financial Report >> 		₹ 27.00 ₹ 53.85 99.44% ₹ 198 635%
SKP Bearing IPO
Financial Report >> 		₹ 70.00 ₹ 72.45 3.50% ₹ 223 219%
Fidel Softech IPO
Financial Report >> 		₹ 37.00 ₹ 62.05 67.70% ₹ 164 343%
Ekennis Software IPO
Financial Report >> 		₹ 72.00 ₹ 84.00 16.67% ₹ 121 67%
Alkosign Limited IPO
Financial Report >> 		₹ 45.00 ₹ 45.25 0.56% ₹ 80 78%
Getalong Enterprise IPO
Financial Report >> 		₹ 69.00 ₹ 76.70 11.16% ₹ 9 -87%
ADJIA Technologies IPO
Financial Report >> 		₹ 74.00 ₹ 74.50 0.68% ₹ 46 -37%
Shine Fashions IPO
Financial Report >> 		₹ 40.00 ₹ 39.55 -1.13% ₹ 48 20%
Bodhi Tree IPO
Financial Report >> 		₹ 95.00 ₹ 95.80 0.84% ₹ 9 -6%
Ksolves India IPO
Financial Report >> 		₹ 100.00 ₹ 106.90 6.90% ₹ 312 524%
Cospower Engineering IPO
Financial Report >> 		₹ 51.00 ₹ 53.10 4.12% ₹ 713 1298%
Gian Life IPO
Financial Report >> 		₹ 22.00 ₹ 22.00 0.00% ₹ 14 -35%

Merchant Banker wise SME IPO

Shreni Shares Limited 37 (₹574.25 Cr.)
Swaraj Shares and Securities Private Limited 4 (₹142.65 Cr.)
Smart Horizon Capital Advisors Private Limited 4 (₹163.26 Cr.)
Hem Securities Limited 1 (₹3.12 Cr.)
Aryaman Financial Services Limited 1 (₹20.18 Cr.)
Kreo Capital Private Limited 1 (₹11.44 Cr.)
Fedex Securities Private Limited 1 (₹36.00 Cr.)
Jawa Capital Services Private Limited 1 (₹16.20 Cr.)
Horizon Management Private Limited 1 (₹49.72 Cr.)

Latest SME IPOs

Vijaypd Ceutical

Mumbai   |   Pharmaceutical

Listing Date: 7 October 2025

IPO Size: 19.25Cr.

Subscribed: 1.37x

Merchant Banker(s):
Smart Horizon Capital Advisors Private
IPO Information

Parth Electricals & Engineering

Vadodara   |   Electric Equipments - Transformers

Listing Date: 11 August 2025

IPO Size: 49.72Cr.

Subscribed: 23.77x

Merchant Banker(s):
Horizon Management Private
IPO Information

Samay Project Services

Chennai   |   Engineering - EPC

Listing Date: 23 June 2025

IPO Size: 14.69Cr.

Subscribed: 29.08x

Merchant Banker(s):
Smart Horizon Capital Advisors Private
IPO Information

Blue Water Logistics

Hyderabad   |   Logistics

Listing Date: 3 June 2025

IPO Size: 40.50Cr.

Subscribed: 9.36x

Merchant Banker(s):
Smart Horizon Capital Advisors Private
IPO Information

Manoj Jewellers

Chennai   |   Jewellery

Listing Date: 12 May 2025

IPO Size: 16.20Cr.

Subscribed: 1.14x

Merchant Banker(s):
Jawa Capital Services Private
IPO Information

Royal Arc Electrodes

Mumbai   |   Cables and Wires

Listing Date: 24 February 2025

IPO Size: 36.00Cr.

Subscribed: 1.60x

Merchant Banker(s):
Fedex Securities Private
IPO Information

Landmark Immigration Consultants

Chandigarh   |   Corporate Solutions

Listing Date: 23 January 2025

IPO Size: 40.34Cr.

Subscribed: 72.84x

Merchant Banker(s):
Shreni Shares
IPO Information

Rikhav Securities

Mumbai   |   Banking and Finance

Listing Date: 22 January 2025

IPO Size: 88.82Cr.

Subscribed: 307.00x

Merchant Banker(s):
Smart Horizon Capital Advisors Private
IPO Information

Technichem Organics

Ahmedabad   |   Chemical

Listing Date: 7 January 2025

IPO Size: 25.25Cr.

Subscribed: 425.09x

Merchant Banker(s):
Shreni Shares
IPO Information

Paramount Speciality Forgings

Mumbai   |   Steel

Listing Date: 25 September 2024

IPO Size: 32.34Cr.

Subscribed: 73.88x

Merchant Banker(s):
Swaraj Shares and Securities Private
IPO Information

Jay Bee Laminations

New Delhi   |   Steel

Listing Date: 3 September 2024

IPO Size: 88.96Cr.

Subscribed: 113.95x

Merchant Banker(s):
Swaraj Shares and Securities Private
IPO Information

Picture Post Studios

Mumbai   |   Film and Animation - VFX

Listing Date: 9 August 2024

IPO Size: 18.72Cr.

Subscribed: 266.60x

Merchant Banker(s):
Shreni Shares
IPO Information

Dhariwalcorp

Jodhpur   |   Chemical

Listing Date: 8 August 2024

IPO Size: 25.15Cr.

Subscribed: 174.95x

Merchant Banker(s):
Shreni Shares
IPO Information

Visaman Global Sales

Rajkot   |   Metal

Listing Date: 1 July 2024

IPO Size: 16.05Cr.

Subscribed: 42.20x

Merchant Banker(s):
Shreni Shares
IPO Information

3C IT Solutions & Telecoms (India)

Pune   |   Information Technology

Listing Date: 12 June 2024

IPO Size: 11.44Cr.

Subscribed: 20.21x

Merchant Banker(s):
Kreo Capital Private
IPO Information

GSM Foils

Mumbai   |   Packaging & Disposables

Listing Date: 31 May 2024

IPO Size: 11.01Cr.

Subscribed: 257.30x

Merchant Banker(s):
Shreni Shares
IPO Information

Silkflex Polymers (India)

Kolkata   |   Textiles

Listing Date: 15 May 2024

IPO Size: 18.11Cr.

Subscribed: 39.30x

Merchant Banker(s):
Shreni Shares
IPO Information

Refractory Shapes

Mumbai   |   Ceramic and Stone

Listing Date: 14 May 2024

IPO Size: 18.60Cr.

Subscribed: 255.08x

Merchant Banker(s):
Shreni Shares
IPO Information

Shivam Chemicals

Mumbai   |   Chemical

Listing Date: 30 April 2024

IPO Size: 20.18Cr.

Subscribed: 6.61x

Merchant Banker(s):
Aryaman Financial Services
IPO Information

Gabriel Pet Straps

Rajkot   |   Plastic and Polymer

Listing Date: 7 February 2024

IPO Size: 8.06Cr.

Subscribed: 246.20x

Merchant Banker(s):
Shreni Shares
IPO Information

DelaPlex

Nagpur   |   Information Technology - Data Solutions

Listing Date: 2 February 2024

IPO Size: 46.08Cr.

Subscribed: 177.80x

Merchant Banker(s):
Shreni Shares
IPO Information

Manoj Ceramic

Mumbai   |   Ceramic and Stone - Marble, Tiles and Granite

Listing Date: 3 January 2024

IPO Size: 14.47Cr.

Subscribed: 9.00x

Merchant Banker(s):
Swaraj Shares and Securities Private
IPO Information

AIK Pipes And Polymers

Jaipur   |   Plastic and Polymer

Listing Date: 2 January 2024

IPO Size: 15.02Cr.

Subscribed: 43.57x

Merchant Banker(s):
Shreni Shares
IPO Information

Sahara Maritime

Mumbai   |   Logistics

Listing Date: 26 December 2023

IPO Size: 6.88Cr.

Subscribed: 22.67x

Merchant Banker(s):
Swaraj Shares and Securities Private
IPO Information

Net Avenue Technologies

Chennai   |   E-Commerce

Listing Date: 8 December 2023

IPO Size: 10.25Cr.

Subscribed: 511.21x

Merchant Banker(s):
Shreni Shares
IPO Information

Marco Cables & Conductors

Mumbai   |   Cables and Wires

Listing Date: 28 September 2023

IPO Size: 18.73Cr.

Subscribed: 30.90x

Merchant Banker(s):
Shreni Shares
IPO Information

Meson Valves India

Goa   |   Valves

Listing Date: 21 September 2023

IPO Size: 31.09Cr.

Subscribed: 173.65x

Merchant Banker(s):
Shreni Shares
IPO Information

CPS Shapers

Palghar   |   Textiles

Listing Date: 7 September 2023

IPO Size: 11.10Cr.

Subscribed: 253.97x

Merchant Banker(s):
Shreni Shares
IPO Information

AccelerateBS India

Mumbai   |   Information Technology - Data Solutions

Listing Date: 19 July 2023

IPO Size: 5.69Cr.

Subscribed: 49.19x

Merchant Banker(s):
Shreni Shares
IPO Information

Global Pet Industries

Palghar   |   Engineering - Heavy Machinery

Listing Date: 10 July 2023

IPO Size: 13.23Cr.

Subscribed: 4.30x

Merchant Banker(s):
Shreni Shares
IPO Information

Veefin Solutions

Mumbai   |   Banking and Finance - FinTech

Listing Date: 5 July 2023

IPO Size: 46.73Cr.

Subscribed: 2.46x

Merchant Banker(s):
Shreni Shares
IPO Information

Sancode Technologies

Mumbai   |   Information Technology - SaaS

Listing Date: 18 April 2023

IPO Size: 5.15Cr.

Subscribed: 3.68x

Merchant Banker(s):
Shreni Shares
IPO Information

Bright Outdoor Media

Mumbai   |   Advertising and Media

Listing Date: 24 March 2023

IPO Size: 55.48Cr.

Subscribed: 1.27x

Merchant Banker(s):
Shreni Shares
IPO Information

Srivasavi Adhesive Tapes

Bangalore   |   Chemical - Paint and Adhesives

Listing Date: 9 March 2023

IPO Size: 15.50Cr.

Subscribed: 7.75x

Merchant Banker(s):
Shreni Shares
IPO Information

Arihant Academy

Mumbai   |   Education - Edtech

Listing Date: 29 December 2022

IPO Size: 14.72Cr.

Subscribed: 235.87x

Merchant Banker(s):
Shreni Shares
IPO Information

PNGS Gargi Fashion Jewellery

Pune   |   Jewellery

Listing Date: 20 December 2022

IPO Size: 7.80Cr.

Subscribed: 230.94x

Merchant Banker(s):
Shreni Shares
IPO Information

Amiable Logistics (India)

Mumbai   |   Logistics

Listing Date: 16 November 2022

IPO Size: 4.37Cr.

Subscribed: 234.00x

Merchant Banker(s):
Shreni Shares
IPO Information

DAPS Advertising

Kanpur   |   Advertising and Media

Listing Date: 14 November 2022

IPO Size: 5.10Cr.

Subscribed: 65.93x

Merchant Banker(s):
Shreni Shares
IPO Information

Ameya Precision Engineers

Pune   |   Engineering

Listing Date: 8 September 2022

IPO Size: 7.14Cr.

Subscribed: 251.35x

Merchant Banker(s):
Shreni Shares
IPO Information

Olatech Solutions

Mumbai   |   Information Technology - Data Solutions

Listing Date: 29 August 2022

IPO Size: 1.89Cr.

Subscribed: 598.82x

Merchant Banker(s):
Shreni Shares
IPO Information

SKP Bearing Industries

Surendranagar   |   Engineering

Listing Date: 13 July 2022

IPO Size: 30.80Cr.

Subscribed: 10.06x

Merchant Banker(s):
Shreni Shares
IPO Information

Fidel Softech

Pune   |   Information Technology - Data Solutions

Listing Date: 10 June 2022

IPO Size: 13.51Cr.

Subscribed: 102.89x

Merchant Banker(s):
Shreni Shares
IPO Information

Ekennis Software Service

Bangalore   |   Information Technology - Data Solutions

Listing Date: 7 March 2022

IPO Size: 2.88Cr.

Subscribed: 28.00x

Merchant Banker(s):
Shreni Shares
IPO Information

Alkosign

Mumbai   |   Electric Equipments

Listing Date: 1 February 2022

IPO Size: 12.15Cr.

Subscribed: 4.76x

Merchant Banker(s):
Shreni Shares
IPO Information

Getalong Enterprise

Mumbai   |   Textiles

Listing Date: 8 October 2021

IPO Size: 5.18Cr.

Subscribed: 2.09x

Merchant Banker(s):
Shreni Shares
IPO Information

ADJIA Technologies

Ahmedabad   |   Information Technology - Data Solutions

Listing Date: 15 March 2021

IPO Size: 2.00Cr.

Subscribed: x

Merchant Banker(s):
Shreni Shares
IPO Information

Shine Fashions (India)

Mumbai   |   Textiles

Listing Date: 2 November 2020

IPO Size: 1.60Cr.

Subscribed: 1.73x

Merchant Banker(s):
Shreni Shares
IPO Information

Bodhi Tree Multimedia

Mumbai   |   Film and Animation - VFX

Listing Date: 21 October 2020

IPO Size: 3.71Cr.

Subscribed: 1.60x

Merchant Banker(s):
Shreni Shares
IPO Information

Ksolves India

New Delhi   |   Information Technology - SaaS

Listing Date: 6 July 2020

IPO Size: 4.02Cr.

Subscribed: 1.42x

Merchant Banker(s):
Shreni Shares
IPO Information

Cospower Engineering Ltd

Mumbai   |   Electric Equipments

Listing Date: 30 March 2020

IPO Size: 2.04Cr.

Subscribed: 1.53x

Merchant Banker(s):
Shreni Shares
IPO Information

Gian Life Care

Kanpur   |   Healthcare

Listing Date: 13 January 2020

IPO Size: 3.12Cr.

Subscribed: 1.34x

Merchant Banker(s):
Hem Securities
IPO Information

Other Market Makers

Hem Finlease Private Limited

No. of SME IPO: 98

Total IPO Size: ₹ 3353.81 Cr.

IPOs in Gain: 64
(based on CMP)

Detailed Review →
Nikunj Stock Brokers Limited

No. of SME IPO: 85

Total IPO Size: ₹ 1674.68 Cr.

IPOs in Gain: 48
(based on CMP)

Detailed Review →
Rikhav Securities Limited

No. of SME IPO: 80

Total IPO Size: ₹ 2433.44 Cr.

IPOs in Gain: 44
(based on CMP)

Detailed Review →
Aryaman Capital Markets Limited

No. of SME IPO: 72

Total IPO Size: ₹ 1236.78 Cr.

IPOs in Gain: 42
(based on CMP)

Detailed Review →
Pantomath Stock Brokers Private Limited

No. of SME IPO: 63

Total IPO Size: ₹ 1128.86 Cr.

IPOs in Gain: 31
(based on CMP)

Detailed Review →
Choice Equity Broking Private Limited

No. of SME IPO: 61

Total IPO Size: ₹ 1003.54 Cr.

IPOs in Gain: 29
(based on CMP)

Detailed Review →
NNM Securities Private Limited

No. of SME IPO: 58

Total IPO Size: ₹ 1463.14 Cr.

IPOs in Gain: 22
(based on CMP)

Detailed Review →
Gretex Share Broking Private Limited

No. of SME IPO: 55

Total IPO Size: ₹ 1192.43 Cr.

IPOs in Gain: 31
(based on CMP)

Detailed Review →
Giriraj Stock Broking Private Limited

No. of SME IPO: 49

Total IPO Size: ₹ 2116.31 Cr.

IPOs in Gain: 21
(based on CMP)

Detailed Review →
Beeline Broking Limited

No. of SME IPO: 46

Total IPO Size: ₹ 553.74 Cr.

IPOs in Gain: 22
(based on CMP)

Detailed Review →
Spread X Securities Private Limited

No. of SME IPO: 45

Total IPO Size: ₹ 1985.54 Cr.

IPOs in Gain: 28
(based on CMP)

Detailed Review →
Guiness Securities Limited

No. of SME IPO: 43

Total IPO Size: ₹ 489.54 Cr.

IPOs in Gain: 18
(based on CMP)

Detailed Review →

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