184  Total SME IPOs listed in 2024

6606.93 Crs.  Total funds raised in 2024

172  SME IPOs listed with Gain in 2024

12  SME IPOs listed with loss in 2024

184  Total SME IPOs listed in 2024

6606.93 Crs.  Total funds raised in 2024

172  SME IPOs listed with Gain in 2024

12  SME IPOs listed with loss in 2024

184  Total SME IPOs listed in 2024

6606.93 Crs.  Total funds raised in 2024

172  SME IPOs listed with Gain in 2024

12  SME IPOs listed with loss in 2024

184  Total SME IPOs listed in 2024

6606.93 Crs.  Total funds raised in 2024

172  SME IPOs listed with Gain in 2024

12  SME IPOs listed with loss in 2024

Sector: Steel

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Summary

PE Ratio*
Highest 35.64
Median 16.85
Lowest 4.16
IPO Size (Cr.)
Highest 189.50
Median 28.46
Lowest 2.00
  1. *IPOs with Extreme PE (50+) are excluded from the above calculations.
  2. Above summary is for reference only as the same is based on the limited data set.
Company Name City Sector IPO Size (Cr.) IPO Size Classification IPO Year (Listed) PE Ratio PE Ratio Classification Merchant Banker
Aditya Ultra Steel Limited Ahmedabad Steel 45.88 Large (25-50 Cr) Sep 2024 19.43 Average (10-20) Swastika Investmart Limited
Jay Bee Laminations Limited New Delhi Steel 88.96 Very Large (>50 Cr) Sep 2024 17.03 Average (10-20) Swaraj Shares and
Sai Swami Metals & Alloys Limited Ahmedabad Steel 15.00 Medium (10-25 Cr) May 2024 16.58 Average (10-20) Swastika Investmart Limited
KP Green Engineering Limited Surat Steel 189.50 Very Large (>50 Cr) Mar 2024 31.95 Very High (30-50) Beeline Capital Advisors Private Limited
Deem Roll Tech Limited Mahesana Steel 29.26 Large (25-50 Cr) Feb 2024 14.46 Average (10-20) Fedex Securities Private Limited
Shree Marutinandan Tubes Limited Ahmedabad Steel - Tubes and Pipes 14.30 Medium (10-25 Cr) Jan 2024 17.42 Average (10-20) Swastika Investmart Limited
Mangalam Alloys Limited Gandhinagar Steel 54.91 Very Large (>50 Cr) Oct 2023 19.46 Average (10-20) Expert Global Consultants Private Limited
Cosmic CRF Limited Kolkata Steel 57.21 Very Large (>50 Cr) Jun 2023 35.64 Very High (30-50) Horizon Management Private Limited
Krishca Strapping Solutions Limited Tiruvallur Steel 17.93 Medium (10-25 Cr) May 2023 7.26 Low (1-10) Share India Capital Services Private Limited
De Neers Tools Limited New Delhi Steel - Tools 22.99 Medium (10-25 Cr) May 2023 13.10 Average (10-20) Khambatta Securities Limited and Share India Capital Services Private Limited
A G Universal Limited New Delhi Steel 8.72 Small (5-10 Cr) Apr 2023 19.17 Average (10-20) Share India Capital Services Private Limited
Maiden Forgings Limited New Delhi Steel 23.84 Medium (10-25 Cr) Apr 2023 8.38 Low (1-10) Share India Capital Services Private Limited
Quality Foils India Limited Hisar Steel - Tubes and Pipes 4.52 Very Small (< 5 Cr) Mar 2023 4.16 Low (1-10) Khambatta Securities Limited
Earthstahl & Alloys Limited Raipur Steel - Tubes and Pipes 12.96 Medium (10-25 Cr) Feb 2023 4.22 Low (1-10) Hem Securities Limited
Chaman Metallics Limited Chandrapur Steel - Iron 24.21 Medium (10-25 Cr) Jan 2023 6.73 Low (1-10) Hem Securities Limited
Swastik Pipe Limited New Delhi Steel - Tubes and Pipes 62.52 Very Large (>50 Cr) Oct 2022 11.38 Average (10-20) Corporate Capital Ventures Private Limited
Rhetan TMT Limited Ahmedabad Steel - Iron 56.00 Very Large (>50 Cr) Sep 2022 63.64 Extreme (50+) Aryaman Financial Services Limited
Mangalam Worldwide Limited Ahmedabad Steel 65.58 Very Large (>50 Cr) Jul 2022 20.12 Moderately High (20-30) Beeline Capital Advisors Private Limited
Adishakti Loha and Ispat Limited New Delhi Steel 2.00 Very Small (< 5 Cr) Oct 2021 0.00 NA Turnaround Corporate Advisors Private Limited
Jainam Ferro Alloys (I) Limited Chattisgarh Steel - Iron 19.61 Medium (10-25 Cr) Oct 2021 23.73 Moderately High (20-30) Hem Securities Limited
Shiv Aum Steels Ltd Mumbai Steel 15.84 Medium (10-25 Cr) Oct 2019 10.50 Average (10-20) Aryaman Financial Services Limited
Surani Steel Tubes Limited Gandhinagar Steel - Tubes and Pipes 12.92 Medium (10-25 Cr) Feb 2019 34.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Synergy Green Industries Limited Kolhapur Steel 26.46 Large (25-50 Cr) Sep 2018 21.00 Moderately High (20-30) Swastika Investmart Limited
Saketh Exim Limited Mumbai Steel 9.44 Small (5-10 Cr) Aug 2018 32.00 Very High (30-50) Aryaman Financial Services Limited
Supershakti Metaliks Limited Kolkata Steel 60.01 Very Large (>50 Cr) Jul 2018 17.00 Average (10-20) Aryaman Financial Services Limited
MRC Exim Limited Mumbai Steel 4.50 Very Small (< 5 Cr) Dec 2017 150.00 Extreme (50+) Inventure Merchant Banker Services Private Limited
Riddhi Steel & Tube Limited Ahmedabad Steel 8.89 Small (5-10 Cr) Sep 2016 11.00 Average (10-20) Guiness Corporate Advisors Private Limited
Narayani Steels Limited Kolkata Steel 11.52 Medium (10-25 Cr) Sep 2016 25.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Umiya Tubes Limited Gujarat Steel - Tubes and Pipes 2.00 Very Small (< 5 Cr) Apr 2016 0.00 NA Mehta Integrated Finance Limited
Hi-Tech Pipes Limited New Delhi Steel - Tubes and Pipes 13.65 Medium (10-25 Cr) Feb 2016 11.00 Average (10-20) Sarthi Capital Advisors Private Limited
Mahabir Metallex Limited New Delhi Steel 3.90 Very Small (< 5 Cr) Mar 2015 250.00 Extreme (50+) Sarthi Capital Advisors Private Limited
Captain Pipes Limited Rajkot Steel - Tubes and Pipes 4.40 Very Small (< 5 Cr) Dec 2014 24.00 Moderately High (20-30) Hem Securities Limited
Aanchal Ispat Limited Howrah Steel 16.00 Medium (10-25 Cr) Dec 2014 58.00 Extreme (50+) Inventure Merchant Banker Services Private Limited
Starlit Power Systems Limited New Delhi Steel - Iron 2.95 Very Small (< 5 Cr) Oct 2014 180.00 Extreme (50+) Sarthi Capital Advisors Private Limited
Sanco Industries Limited New Delhi Steel 4.32 Very Small (< 5 Cr) Mar 2014 7.00 Low (1-10) Keynote Financial Services Limited
Chemtech Industrial Valves Limited Mumbai Steel 7.43 Small (5-10 Cr) Jan 2014 150.00 Extreme (50+) Choice Capital Advisors Private Limited
Newever Trade Wings Limited Kolkata Steel - Iron 6.32 Small (5-10 Cr) Oct 2013 1000.00 Extreme (50+) Inventure Merchant Banker Services Private Limited

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