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| PE Ratio* | |
|---|---|
| Highest | |
| Median | 0.00 |
| Lowest | |
| IPO Size (Cr.) | |
|---|---|
| Highest | |
| Median | 0.00 |
| Lowest | |
Discover the Top 10 Cities of SME IPOs driving India’s growing capital markets. These cities are home to emerging businesses leveraging NSE Emerge and BSE SME platforms for growth. With support from merchant bankers and IPO consultants, companies from these regions are making it to the SME IPO list and attracting investors. Whether you’re tracking the top SME IPO or seeking the best IPO in India, these cities play a key role in SME listings.
| City | Total IPOs | IPOs listed in Gain | IPOs listed in loss | Total funds raised (Cr.) | Avg IPO size (Cr.) | Average Subscription | Average PE Ratio |
|---|---|---|---|---|---|---|---|
| Mumbai | 280 | 219 (78%) | 61 (22%) | 5360.74 | 19.15 | 59.27 | 106.98 |
| Ahmedabad | 174 | 137 (79%) | 37 (21%) | 3582.02 | 20.59 | 65.94 | 43.21 |
| New Delhi | 152 | 112 (74%) | 40 (26%) | 4227.16 | 27.81 | 129.60 | 102.20 |
| Kolkata | 69 | 53 (77%) | 16 (23%) | 1640.82 | 23.78 | 115.26 | 46.81 |
| Surat | 40 | 35 (88%) | 5 (13%) | 835.43 | 20.89 | 28.06 | 73.23 |
| Pune | 36 | 27 (75%) | 9 (25%) | 1061.60 | 29.49 | 94.68 | 31.36 |
| Jaipur | 31 | 29 (94%) | 2 (6%) | 661.25 | 21.33 | 120.91 | 38.73 |
| Chennai | 30 | 24 (80%) | 6 (20%) | 1128.66 | 37.62 | 149.99 | 76.77 |
| Rajkot | 27 | 25 (93%) | 2 (7%) | 482.92 | 17.89 | 34.64 | 32.58 |
| Bangalore | 27 | 23 (85%) | 4 (15%) | 607.64 | 22.51 | 53.01 | 35.82 |
| Hyderabad | 23 | 17 (74%) | 6 (26%) | 465.54 | 20.24 | 55.43 | 40.38 |
| Vadodara | 22 | 18 (82%) | 4 (18%) | 553.20 | 25.15 | 107.11 | 28.44 |
| Indore | 18 | 13 (72%) | 5 (28%) | 471.55 | 26.20 | 29.47 | 180.45 |
| Nagpur | 17 | 14 (82%) | 3 (18%) | 477.17 | 28.07 | 53.12 | 26.27 |
| Gandhinagar | 15 | 11 (73%) | 4 (27%) | 427.76 | 28.52 | 101.82 | 25.56 |
| Nashik | 13 | 9 (69%) | 4 (31%) | 191.33 | 14.72 | 31.26 | 38.29 |
| Jamnagar | 10 | 9 (90%) | 1 (10%) | 162.36 | 16.24 | 192.02 | 30.60 |
| Bhavnagar | 8 | 6 (75%) | 2 (25%) | 80.47 | 10.06 | 9.04 | 23.92 |
| Udaipur | 8 | 8 (100%) | 0 (0%) | 167.14 | 20.89 | 56.71 | 21.12 |
| Mohali | 7 | 7 (100%) | 0 (0%) | 145.53 | 20.79 | 115.23 | 56.24 |
| Chandigarh | 7 | 4 (57%) | 3 (43%) | 94.85 | 13.55 | 13.06 | 18.00 |
| Faridabad | 7 | 5 (71%) | 2 (29%) | 127.32 | 18.19 | 65.85 | 17.31 |
| Ratlam | 7 | 5 (71%) | 2 (29%) | 133.33 | 19.05 | 60.89 | 27.76 |
| Raipur | 6 | 5 (83%) | 1 (17%) | 109.61 | 18.27 | 140.29 | 9.54 |
| Bhilwara | 6 | 4 (67%) | 2 (33%) | 87.61 | 14.60 | 3.07 | 9.26 |
| Bhopal | 6 | 5 (83%) | 1 (17%) | 87.54 | 14.59 | 67.00 | 27.96 |
| Kanpur | 5 | 4 (80%) | 1 (20%) | 39.96 | 7.99 | 33.36 | 15.29 |
| Ludhiana | 5 | 3 (60%) | 2 (40%) | 85.06 | 17.01 | 20.57 | 16.31 |
| Mahesana | 4 | 3 (75%) | 1 (25%) | 47.31 | 11.83 | 65.37 | 16.29 |
| Jalandhar | 4 | 3 (75%) | 1 (25%) | 70.33 | 17.58 | 19.10 | 20.35 |
| Patna | 4 | 4 (100%) | 0 (0%) | 17.79 | 4.45 | 1.74 | 37.75 |
| Palghar | 4 | 3 (75%) | 1 (25%) | 130.23 | 32.56 | 76.21 | 18.07 |
| Anand | 3 | 2 (67%) | 1 (33%) | 46.48 | 15.49 | 9.75 | 125.61 |
| Jodhpur | 3 | 3 (100%) | 0 (0%) | 32.92 | 10.97 | 62.44 | 30.89 |
| Jalgaon | 3 | 3 (100%) | 0 (0%) | 40.58 | 13.53 | 1.84 | 70.21 |
| Goa | 3 | 3 (100%) | 0 (0%) | 39.37 | 13.12 | 64.59 | 22.14 |
| Ernakulam | 3 | 2 (67%) | 1 (33%) | 22.20 | 7.40 | 51.09 | 13.57 |
| Ranchi | 3 | 1 (33%) | 2 (67%) | 55.25 | 18.42 | 39.50 | 55.38 |
| Bharuch | 3 | 3 (100%) | 0 (0%) | 15.12 | 5.04 | 430.70 | 28.52 |
| Amritsar | 3 | 1 (33%) | 2 (67%) | 20.98 | 6.99 | 0.58 | 40.33 |
| Tiruvallur | 3 | 3 (100%) | 0 (0%) | 111.80 | 37.27 | 324.87 | 10.11 |
| Visakhapatnam | 3 | 1 (33%) | 2 (67%) | 106.03 | 35.34 | 2.01 | 15.43 |
| Vapi | 3 | 3 (100%) | 0 (0%) | 33.98 | 11.33 | 0.00 | 12.33 |
| Dhar | 2 | 2 (100%) | 0 (0%) | 63.87 | 31.94 | 53.78 | 13.19 |
| Jammu | 2 | 1 (50%) | 1 (50%) | 81.58 | 40.79 | 19.88 | 13.28 |
| Solan | 2 | 0 (0%) | 2 (100%) | 35.82 | 17.91 | 99.37 | 18.05 |
| Agra | 2 | 1 (50%) | 1 (50%) | 35.53 | 17.77 | 0.96 | 25.50 |
| Kachchh | 2 | 2 (100%) | 0 (0%) | 40.62 | 20.31 | 74.88 | 10.39 |
| Ghaziabad | 2 | 2 (100%) | 0 (0%) | 30.88 | 15.44 | 0.69 | 16.00 |
| Narmada | 2 | 0 (0%) | 2 (100%) | 2.52 | 1.26 | 2.48 | 974.00 |
| Raigarh | 2 | 2 (100%) | 0 (0%) | 89.40 | 44.70 | 1.65 | 51.27 |
| Haridwar | 2 | 2 (100%) | 0 (0%) | 37.95 | 18.98 | 0.81 | 25.80 |
| Coimbatore | 2 | 2 (100%) | 0 (0%) | 4.70 | 2.35 | 1.65 | 21.50 |
| Chattisgarh | 2 | 2 (100%) | 0 (0%) | 30.68 | 15.34 | 4.55 | 24.44 |
| Panchkula | 2 | 2 (100%) | 0 (0%) | 61.89 | 30.95 | 188.44 | 15.21 |
| Lucknow | 2 | 2 (100%) | 0 (0%) | 115.68 | 57.84 | 104.73 | 14.44 |
| Hisar | 2 | 2 (100%) | 0 (0%) | 32.80 | 16.40 | 187.10 | 8.91 |
| Secunderabad | 2 | 0 (0%) | 2 (100%) | 74.64 | 37.32 | 2.86 | 20.04 |
| Himmatnagar | 2 | 1 (50%) | 1 (50%) | 39.83 | 19.92 | 285.54 | 6.94 |
| Bhiwandi | 2 | 2 (100%) | 0 (0%) | 25.59 | 12.80 | 65.85 | 14.81 |
| Bhilai | 2 | 2 (100%) | 0 (0%) | 67.16 | 33.58 | 8.81 | 10.31 |
| Ankleshwar | 2 | 0 (0%) | 2 (100%) | 12.77 | 6.39 | 0.00 | 17.00 |
| West Bengal | 2 | 1 (50%) | 1 (50%) | 8.04 | 4.02 | 0.00 | 100.00 |
| Mathura | 2 | 0 (0%) | 2 (100%) | 7.47 | 3.74 | 0.00 | 100.00 |
| Orissa | 2 | 1 (50%) | 1 (50%) | 62.94 | 31.47 | 36.58 | 16.33 |
| Morbi | 1 | 1 (100%) | 0 (0%) | 10.11 | 10.11 | 2.42 | 12.00 |
| Neemuch | 1 | 1 (100%) | 0 (0%) | 11.90 | 11.90 | 4.17 | 17.00 |
| Kolhapur | 1 | 1 (100%) | 0 (0%) | 26.46 | 26.46 | 1.13 | 21.00 |
| Panaji | 1 | 1 (100%) | 0 (0%) | 1.94 | 1.94 | 1.52 | 18.00 |
| Assam | 1 | 1 (100%) | 0 (0%) | 10.23 | 10.23 | 1.56 | 10.00 |
| Mirzapur | 1 | 1 (100%) | 0 (0%) | 6.56 | 6.56 | 1.36 | 25.00 |
| Tikamgarh | 1 | 0 (0%) | 1 (100%) | 3.24 | 3.24 | 3.21 | 41.60 |
| Aligarh | 1 | 1 (100%) | 0 (0%) | 29.70 | 29.70 | 60.40 | |
| Sikar | 1 | 1 (100%) | 0 (0%) | 6.24 | 6.24 | 23.99 | 18.43 |
| Palagar | 1 | 0 (0%) | 1 (100%) | 50.00 | 50.00 | 1.80 | 39.81 |
| Saharanpur | 1 | 1 (100%) | 0 (0%) | 3.02 | 3.02 | 1.53 | 4.78 |
| Bathinda | 1 | 1 (100%) | 0 (0%) | 10.09 | 10.09 | 13.46 | 2.71 |
| Egmore | 1 | 1 (100%) | 0 (0%) | 4.81 | 4.81 | 115.86 | 10.87 |
| Veraval | 1 | 1 (100%) | 0 (0%) | 11.00 | 11.00 | 73.42 | 12.59 |
| Navsari | 1 | 1 (100%) | 0 (0%) | 2.18 | 2.18 | 32.52 | 61.73 |
| Surendranagar | 1 | 1 (100%) | 0 (0%) | 30.80 | 30.80 | 10.06 | 9.49 |
| Bilaspur | 1 | 1 (100%) | 0 (0%) | 6.19 | 6.19 | 4.00 | 14.44 |
| Baitalpur | 1 | 1 (100%) | 0 (0%) | 8.37 | 8.37 | 40.32 | 11.61 |
| Chandrapur | 1 | 1 (100%) | 0 (0%) | 24.21 | 24.21 | 207.88 | 6.73 |
| Parganas | 1 | 0 (0%) | 1 (100%) | 7.09 | 7.09 | 1.39 | 121.74 |
| Dhanbad | 1 | 1 (100%) | 0 (0%) | 26.94 | 26.94 | 195.14 | 12.78 |
| Junagadh | 1 | 1 (100%) | 0 (0%) | 15.17 | 15.17 | 4.54 | 37.03 |
| Kishangarh | 1 | 1 (100%) | 0 (0%) | 13.96 | 13.96 | 7.75 | 13.70 |
| Mysore | 1 | 1 (100%) | 0 (0%) | 54.66 | 54.66 | 43.24 | 28.30 |
| Virajpet | 1 | 1 (100%) | 0 (0%) | 16.07 | 16.07 | 3.91 | 252.78 |
| Pondicherry | 1 | 1 (100%) | 0 (0%) | 40.76 | 40.76 | 15.43 | 14.29 |
| Ratnagiri | 1 | 1 (100%) | 0 (0%) | 23.04 | 23.04 | 403.03 | 13.96 |
| Kota | 1 | 1 (100%) | 0 (0%) | 15.93 | 15.93 | 1052.45 | 12.25 |
| Sabarkantha | 1 | 1 (100%) | 0 (0%) | 28.08 | 28.08 | 464.19 | 31.40 |
| Nanded | 1 | 0 (0%) | 1 (100%) | 65.88 | 65.88 | 8.46 | 21.61 |
| Varanasi | 1 | 1 (100%) | 0 (0%) | 6.30 | 6.30 | 769.95 | 54.95 |
| Amreli | 1 | 1 (100%) | 0 (0%) | 24.00 | 24.00 | 0.00 | 36.00 |
| Baddi | 1 | 1 (100%) | 0 (0%) | 19.52 | 19.52 | 0.00 | 14.00 |
| Prantij | 1 | 1 (100%) | 0 (0%) | 15.20 | 15.20 | 0.00 | 22.00 |
| Panchmahals | 1 | 1 (100%) | 0 (0%) | 28.34 | 28.34 | 0.00 | 19.00 |
| Pithampur | 1 | 1 (100%) | 0 (0%) | 10.80 | 10.80 | 0.00 | 14.00 |
| Ambala | 1 | 1 (100%) | 0 (0%) | 10.23 | 10.23 | 0.00 | 53.00 |
| Jalna | 1 | 0 (0%) | 1 (100%) | 9.60 | 9.60 | 0.00 | 8.00 |
| Boisar | 1 | 1 (100%) | 0 (0%) | 30.90 | 30.90 | 0.00 | 14.00 |
| Daman | 1 | 1 (100%) | 0 (0%) | 0.32 | 0.32 | 0.00 | 57.00 |
| Tamil Nadu | 1 | 1 (100%) | 0 (0%) | 1.60 | 1.60 | 0.00 | 28.00 |
| Silvassa | 1 | 1 (100%) | 0 (0%) | 25.78 | 25.78 | 0.00 | 5000.00 |
| Sangli | 1 | 1 (100%) | 0 (0%) | 44.94 | 44.94 | 231.21 | 16.70 |
| Dindigul | 1 | 1 (100%) | 0 (0%) | 34.83 | 34.83 | 202.35 | 16.81 |
| Bhagalpur | 1 | 1 (100%) | 0 (0%) | 17.36 | 17.36 | 499.13 | 19.57 |
| Kollam | 1 | 1 (100%) | 0 (0%) | 11.85 | 11.85 | 34.23 | 28.12 |
| Satara | 1 | 0 (0%) | 1 (100%) | 27.63 | 27.63 | 5.46 | 27.98 |
| Tirunelveli | 1 | 1 (100%) | 0 (0%) | 93.70 | 93.70 | 92.93 | 10.57 |
| Chhatisgarh | 1 | 1 (100%) | 0 (0%) | 38.54 | 38.54 | 18.00 | 19.26 |
| Kerala | 1 | 0 (0%) | 1 (100%) | 41.76 | 41.76 | 50.69 | 14.98 |
| Bardhaman | 1 | 1 (100%) | 0 (0%) | 54.60 | 54.60 | 342.10 | 24.11 |
| Aurangabad | 1 | 0 (0%) | 1 (100%) | 23.36 | 23.36 | 1.85 | 26.97 |
