10 Best SME IPOs in India 2024

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	42.15
Median	22.57
Lowest	12.25

IPO Size (in Cr.)
Highest	189.50
Median	48.99
Lowest	15.93

*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(%)
Owais Metal and Mineral Processing Limited	Mar 2024	42.69	Minerals	15.50	Gretex Corporate Services Limited	87.00	1241.55 (1327 %)
Australian Premium Solar (India) Limited	Jan 2024	28.08	Solar - Panels	31.40	Beeline Capital Advisors Private Limited	54.00	508.10 (841 %)
Alpex Solar Limited	Feb 2024	74.52	Solar	18.50	Corporate Capital Ventures Private Limited	115.00	873.50 (660 %)
TAC Infosec Limited	Apr 2024	29.99	Information Technology - SaaS	28.50	Beeline Capital Advisors Private Limited	106.00	757.65 (615 %)
Esconet Technologies Limited	Feb 2024	28.22	Information Technology - Data Solutions	16.99	Corporate Capital Ventures Private Limited	84.00	436.70 (420 %)
Kay Cee Energy & Infra Limited	Jan 2024	15.93	Engineering - EPC	12.25	GYR Capital Advisors Private Limited	54.00	277.55 (414 %)
Teerth Gopicon Limited	Apr 2024	44.40	Engineering	14.16	Interactive Financial Services Limited	111.00	481.60 (334 %)
KP Green Engineering Limited	Mar 2024	189.50	Steel	31.95	Beeline Capital Advisors Private Limited	144.00	582.55 (305 %)
Enser Communications Limited	Mar 2024	16.17	Corporate Solutions	14.26	Fast Track Finsec Private Limited	70.00	270.85 (287 %)
V R Infraspace Limited	Mar 2024	20.40	Real Estate - Residential and Commercial	42.15	Beeline Capital Advisors Private Limited	85.00	325.50 (283 %)

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 2024

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