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

Sunflower Broking Private Limited Market Maker

Sunflower Broking Private Limited is a SEBI registered entity which offered their services in 42 IPO, out of which 22 IPO are currently trading in gain and 20 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
42 (₹ 1,162.80 Cr.)
IPOs in Gain 22
IPOs in Loss 20

IPO Performance Report of Kfin Technologies Market Maker

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Rukmani Devi IPO
Financial Report >> 		₹ 99.00 ₹ 79.20 -20.00% ₹ 75 -24%
Repono Limited IPO
Financial Report >> 		₹ 96.00 ₹ 89.99 -6.26% ₹ 78 -19%
Pushpa Jewellers IPO
Financial Report >> 		₹ 147.00 ₹ 112.00 -23.81% ₹ 136 -7%
Aten Papers IPO
Financial Report >> 		₹ 96.00 ₹ 90.00 -6.25% ₹ 28 -71%
Rajesh Power IPO
Financial Report >> 		₹ 335.00 ₹ 668.30 99.49% ₹ 1,507 350%
Aditya Ultra IPO
Financial Report >> 		₹ 62.00 ₹ 66.40 7.10% ₹ 35 -44%
Ideal Technoplast IPO
Financial Report >> 		₹ 121.00 ₹ 132.10 9.17% ₹ 202 67%
Bulkcorp International IPO
Financial Report >> 		₹ 105.00 ₹ 130.00 23.81% ₹ 75 -29%
Trom Industries IPO
Financial Report >> 		₹ 115.00 ₹ 218.50 90.00% ₹ 96 -17%
Magenta Lifecare IPO
Financial Report >> 		₹ 35.00 ₹ 47.25 35.00% ₹ 16 -55%
Sattrix Information IPO
Financial Report >> 		₹ 121.00 ₹ 157.50 30.17% ₹ 325 168%
Rulka Electricals IPO
Financial Report >> 		₹ 235.00 ₹ 498.75 112.23% ₹ 134 -43%
Sai Swami IPO
Financial Report >> 		₹ 60.00 ₹ 119.70 99.50% ₹ 33 -45%
Vishwas Agri IPO
Financial Report >> 		₹ 86.00 ₹ 83.60 -2.79% ₹ 55 -36%
Sadhav Shipping IPO
Financial Report >> 		₹ 95.00 ₹ 141.75 49.21% ₹ 106 12%
Kalahridhaan Trendz IPO
Financial Report >> 		₹ 45.00 ₹ 49.50 10.00% ₹ 8 -82%
Vinsys IT IPO
Financial Report >> 		₹ 128.00 ₹ 217.60 70.00% ₹ 369 188%
Shri Techtex IPO
Financial Report >> 		₹ 61.00 ₹ 85.20 39.67% ₹ 66 8%
Ahasolar Technologies IPO
Financial Report >> 		₹ 157.00 ₹ 213.15 35.76% ₹ 100 -36%
Pentagon Rubber IPO
Financial Report >> 		₹ 70.00 ₹ 130.00 85.71% ₹ 73 4%
Magson Retail IPO
Financial Report >> 		₹ 65.00 ₹ 91.15 40.23% ₹ 107 65%
Remus Pharmaceuticals IPO
Financial Report >> 		₹ 1,229.00 ₹ 1,711.00 39.22% ₹ 668 -46%
Sotac Pharmaceuticals IPO
Financial Report >> 		₹ 111.00 ₹ 115.00 3.60% ₹ 119 7%
Dev Labtech IPO
Financial Report >> 		₹ 51.00 ₹ 51.00 0.00% ₹ 63 24%
Patron Exim IPO
Financial Report >> 		₹ 27.00 ₹ 28.40 5.19% ₹ 9 -67%
Viaz Tyres IPO
Financial Report >> 		₹ 62.00 ₹ 68.00 9.68% ₹ 76 23%
RBM Infracon IPO
Financial Report >> 		₹ 36.00 ₹ 52.50 45.83% ₹ 425 1082%
Technopack Polymers IPO
Financial Report >> 		₹ 55.00 ₹ 77.70 41.27% ₹ 20 -64%
Vital Chemtech IPO
Financial Report >> 		₹ 101.00 ₹ 163.10 61.49% ₹ 62 -39%
Cyber Media IPO
Financial Report >> 		₹ 180.00 ₹ 257.50 43.06% ₹ 79 -56%
Trident Lifeline IPO
Financial Report >> 		₹ 101.00 ₹ 108.15 7.08% ₹ 298 195%
Kandarp Digi IPO
Financial Report >> 		₹ 30.00 ₹ 28.50 -5.00% ₹ 103 242%
Viviana Power IPO
Financial Report >> 		₹ 55.00 ₹ 94.50 71.82% ₹ 1,739 3061%
Jay Jalaram IPO
Financial Report >> 		₹ 36.00 ₹ 52.50 45.83% ₹ 170 372%
Mangalam Worldwide IPO
Financial Report >> 		₹ 101.00 ₹ 102.55 1.53% ₹ 243 140%
Sonu Infratech IPO
Financial Report >> 		₹ 36.00 ₹ 37.60 4.44% ₹ 102 183%
Shashwat Furnishing IPO
Financial Report >> 		₹ 45.00 ₹ 45.30 0.67% ₹ 94 110%
Evoq Remedies IPO
Financial Report >> 		₹ 27.00 ₹ 23.75 -12.04% ₹ 4 -84%
Richa Info IPO
Financial Report >> 		₹ 125.00 ₹ 118.75 -5.00% ₹ 55 -56%
Maruti Interior IPO
Financial Report >> 		₹ 55.00 ₹ 71.90 30.73% ₹ 87 58%
Kotyark Industries IPO
Financial Report >> 		₹ 51.00 ₹ 48.45 -5.00% ₹ 293 475%
Samor Reality IPO
Financial Report >> 		₹ 62.00 ₹ 62.45 0.73% ₹ 63 1%

Merchant Banker wise SME IPO

Beeline Capital Advisors Private Limited 19 (₹486.07 Cr.)
Swastika Investmart Limited 9 (₹171.77 Cr.)
Isk Advisors Private Limited 7 (₹278.84 Cr.)
Interactive Financial Services Limited 2 (₹39.18 Cr.)
Fedex Securities Private Limited 2 (₹30.52 Cr.)
Expert Global Consultants Private Limited 1 (₹31.37 Cr.)
Affinity Global Capital Market Private Limited 1 (₹98.65 Cr.)
Wealth Mine Networks Private Limited 1 (₹26.40 Cr.)

Latest SME IPOs

Rukmani Devi Garg Agro Impex

Kota   |   Agro

Listing Date: 6 October 2025

IPO Size: 23.52Cr.

Subscribed: 29.59x

Merchant Banker(s):
Fedex Securities Private
IPO Information

Repono

Mumbai   |   Corporate Solutions

Listing Date: 4 August 2025

IPO Size: 26.40Cr.

Subscribed: 64.95x

Merchant Banker(s):
Wealth Mine Networks Private
IPO Information

Pushpa Jewellers

Kolkata   |   Jewellery

Listing Date: 7 July 2025

IPO Size: 98.65Cr.

Subscribed: 2.46x

Merchant Banker(s):
Affinity Global Capital Market Private
IPO Information

Aten Papers and Foam

Ahmedabad   |   Paper and Stationery

Listing Date: 20 June 2025

IPO Size: 31.68Cr.

Subscribed: 1.49x

Merchant Banker(s):
Swastika Investmart
IPO Information

Rajesh Power Services

Ahmedabad   |   Power and Energy

Listing Date: 2 December 2024

IPO Size: 160.47Cr.

Subscribed: 59.00x

Merchant Banker(s):
Isk Advisors Private
IPO Information

Aditya Ultra Steel

Ahmedabad   |   Steel

Listing Date: 16 September 2024

IPO Size: 45.88Cr.

Subscribed: 10.58x

Merchant Banker(s):
Swastika Investmart
IPO Information

Ideal Technoplast Industries

Surat   |   Packaging & Disposables

Listing Date: 28 August 2024

IPO Size: 16.03Cr.

Subscribed: 116.75x

Merchant Banker(s):
Swastika Investmart
IPO Information

Bulkcorp International

Ahmedabad   |   Packaging & Disposables

Listing Date: 6 August 2024

IPO Size: 20.78Cr.

Subscribed: 264.90x

Merchant Banker(s):
Swastika Investmart
IPO Information

Trom Industries

Gandhinagar   |   Solar

Listing Date: 1 August 2024

IPO Size: 31.37Cr.

Subscribed: 459.00x

Merchant Banker(s):
Expert Global Consultants Private
IPO Information

Magenta Lifecare

Vadodara   |   Textiles

Listing Date: 12 June 2024

IPO Size: 7.00Cr.

Subscribed: 983.19x

Merchant Banker(s):
Fedex Securities Private
IPO Information

Sattrix Information Security

Ahmedabad   |   Information Technology - Data Solutions

Listing Date: 12 June 2024

IPO Size: 21.78Cr.

Subscribed: 70.44x

Merchant Banker(s):
Isk Advisors Private
IPO Information

Rulka Electricals

Mumbai   |   Engineering - EPC

Listing Date: 24 May 2024

IPO Size: 26.40Cr.

Subscribed: 676.83x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Sai Swami Metals & Alloys

Ahmedabad   |   Steel

Listing Date: 8 May 2024

IPO Size: 15.00Cr.

Subscribed: 543.72x

Merchant Banker(s):
Swastika Investmart
IPO Information

Vishwas Agri Seeds

Ahmedabad   |   Agro - Plantation

Listing Date: 1 April 2024

IPO Size: 25.80Cr.

Subscribed: 12.21x

Merchant Banker(s):
Isk Advisors Private
IPO Information

Sadhav Shipping

Mumbai   |   Logistics

Listing Date: 1 March 2024

IPO Size: 38.18Cr.

Subscribed: 135.69x

Merchant Banker(s):
Isk Advisors Private
IPO Information

Kalahridhaan Trendz

Ahmedabad   |   Textiles - Fabrics

Listing Date: 23 February 2024

IPO Size: 22.49Cr.

Subscribed: 8.15x

Merchant Banker(s):
Interactive Financial Services
IPO Information

Vinsys IT Services

Pune   |   Education - Edtech

Listing Date: 11 August 2023

IPO Size: 49.84Cr.

Subscribed: 89.00x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Shri Techtex

Ahmedabad   |   Textiles - Fabrics

Listing Date: 4 August 2023

IPO Size: 45.14Cr.

Subscribed: 148.44x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Ahasolar Technologies

Ahmedabad   |   Solar - Panels

Listing Date: 21 July 2023

IPO Size: 12.85Cr.

Subscribed: 34.79x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Pentagon Rubber

Mohali   |   Rubber

Listing Date: 7 July 2023

IPO Size: 16.17Cr.

Subscribed: 106.20x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Magson Retail And Distribution

Ahmedabad   |   FMCG - Snacks and Beverages

Listing Date: 6 July 2023

IPO Size: 13.74Cr.

Subscribed: 6.74x

Merchant Banker(s):
Isk Advisors Private
IPO Information

Remus Pharmaceuticals

Ahmedabad   |   Pharmaceutical

Listing Date: 29 May 2023

IPO Size: 47.69Cr.

Subscribed: 57.21x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Sotac Pharmaceuticals

Ahmedabad   |   Pharmaceutical

Listing Date: 13 April 2023

IPO Size: 33.30Cr.

Subscribed: 1.60x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Dev Labtech Venture

Bhavnagar   |   Jewellery

Listing Date: 29 March 2023

IPO Size: 11.22Cr.

Subscribed: 5.47x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Patron Exim

Ahmedabad   |   Pharmaceutical

Listing Date: 6 March 2023

IPO Size: 16.69Cr.

Subscribed: 1.07x

Merchant Banker(s):
Interactive Financial Services
IPO Information

Viaz Tyres

Ahmedabad   |   Rubber

Listing Date: 1 March 2023

IPO Size: 20.00Cr.

Subscribed: 5.79x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

RBM Infracon

Baitalpur   |   Engineering - EPC

Listing Date: 4 January 2023

IPO Size: 8.37Cr.

Subscribed: 40.32x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Technopack Polymers

Rajkot   |   Plastic and Polymer

Listing Date: 16 November 2022

IPO Size: 7.87Cr.

Subscribed: 19.81x

Merchant Banker(s):
Isk Advisors Private
IPO Information

Vital Chemtech

Ahmedabad   |   Chemical

Listing Date: 14 November 2022

IPO Size: 64.64Cr.

Subscribed: 79.33x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Cyber Media Research & Services

New Delhi   |   Information Technology

Listing Date: 10 October 2022

IPO Size: 14.04Cr.

Subscribed: 22.31x

Merchant Banker(s):
Swastika Investmart
IPO Information

Trident Lifeline

Surat   |   Pharmaceutical

Listing Date: 10 October 2022

IPO Size: 35.34Cr.

Subscribed: 1.34x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Kandarp Digi Smart BPO

New Delhi   |   Outsourcing - BPO

Listing Date: 28 September 2022

IPO Size: 8.10Cr.

Subscribed: 1.84x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Viviana Power Tech

Vadodara   |   Electric Equipments

Listing Date: 16 September 2022

IPO Size: 8.80Cr.

Subscribed: 85.21x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Jay Jalaram Technologies

Ahmedabad   |   Electric Equipments - OEM

Listing Date: 8 September 2022

IPO Size: 10.80Cr.

Subscribed: 14.97x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Mangalam Worldwide

Ahmedabad   |   Steel

Listing Date: 11 July 2022

IPO Size: 65.58Cr.

Subscribed: 1.33x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Sonu Infratech

Jamnagar   |   Infrastructure

Listing Date: 13 May 2022

IPO Size: 8.64Cr.

Subscribed: 16.52x

Merchant Banker(s):
Swastika Investmart
IPO Information

Shashwat Furnishing Solutions

Jodhpur   |   Furniture

Listing Date: 4 May 2022

IPO Size: 2.51Cr.

Subscribed: 4.62x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Evoq Remedies

Ahmedabad   |   Pharmaceutical

Listing Date: 30 March 2022

IPO Size: 9.72Cr.

Subscribed: 1.67x

Merchant Banker(s):
Swastika Investmart
IPO Information

Richa Info Systems

Gandhinagar   |   Information Technology - Hardware

Listing Date: 21 February 2022

IPO Size: 10.00Cr.

Subscribed: 5.05x

Merchant Banker(s):
Swastika Investmart
IPO Information

Maruti Interior Products

Veraval   |   Furniture

Listing Date: 16 February 2022

IPO Size: 11.00Cr.

Subscribed: 73.42x

Merchant Banker(s):
Isk Advisors Private
IPO Information

Kotyark Industries

Vadodara   |   Power and Energy - Bio

Listing Date: 2 November 2021

IPO Size: 11.26Cr.

Subscribed: 7.15x

Merchant Banker(s):
Beeline Capital Advisors Private
IPO Information

Samor Reality

Ahmedabad   |   Real Estate

Listing Date: 13 October 2021

IPO Size: 8.06Cr.

Subscribed: 1.74x

Merchant Banker(s):
Beeline Capital Advisors Private
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 →
Shreni Shares Limited

No. of SME IPO: 51

Total IPO Size: ₹ 1016.82 Cr.

IPOs in Gain: 33
(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 →

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