10 Best SME IPOs in India 2023

This comprises of a list of Top 10 best SME IPOs in India in 2024. IPO Performance is calculated with offer price and its current market price. Find the SME IPOs listed on BSE and NSE SME platforms with IPO size and P/E valuation. Check the popular SME IPOs and IPO Watch for gainers in 2024.

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Summary

PE Ratio^*
Highest	32.06
Median	17.28
Lowest	9.18

IPO Size (in Cr.)
Highest	59.66
Median	23.41
Lowest	4.58

*IPOs with Extreme PE (50+) are excluded from the above calculations.
Above summary is for reference only as the same is based on the limited data set.

Company Name	IPO Year (Listed)	IPO Size (Cr.)	Sector	PE Ratio	Merchant Banker	Offer Price	CMP(%)
Trident Techlabs Limited	Dec 2023	16.03	Engineering - Tech Solutions	13.62	GYR Capital Advisors Private Limited	35.00	1338.50 (3724 %)
Oriana Power Limited	Aug 2023	59.66	Solar - Panels	20.70	Corporate Capital Ventures Private Limited	118.00	2729.80 (2213 %)
RBM Infracon Limited	Jan 2023	8.37	Engineering - EPC	11.61	Beeline Capital Advisors Private Limited	36.00	795.40 (2109 %)
Sahana System Limited	Jun 2023	32.74	Information Technology - Data Solutions	16.88	Interactive Financial Services Limited and Unistone Capital Private Limited	135.00	2107.15 (1461 %)
Gayatri Rubbers and Chemicals Limited	Feb 2023	4.58	Rubber	23.62	Khambatta Securities Limited	30.00	465.00 (1450 %)
Macfos Limited	Mar 2023	23.74	Electric Equipments	15.22	Hem Securities Limited	102.00	1376.85 (1250 %)
ITCONS E-Solutions Limited	Mar 2023	8.67	Human Resources and Manpower	12.09	Finshore Management Services Limited	51.00	676.00 (1225 %)
AMIC Forging Limited	Dec 2023	34.80	Automobile - Forging and Casting	9.18	Gretex Corporate Services Limited	126.00	1456.80 (1056 %)
Kore Digital Limited	Jun 2023	18.00	Telecom	17.86	First Overseas Capital Limited	180.00	1865.00 (936 %)
Kody Technolab Limited	Sep 2023	27.52	Information Technology - Data Solutions	32.06	Beeline Capital Advisors Private Limited	160.00	1645.90 (929 %)

Fact Sheet

Top 10
IPOs by funds raised till date

Top 10
IPOs by Subscription till date

Top 10
IPOs by Listing Gains till date

Top 10
IPOs by Profitability till date

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10 Best SME IPOs in India 2023

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