223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

223  Total SME IPOs listed in 2024

8413.28 Crs.  Total funds raised in 2024

204  SME IPOs listed with Gain in 2024

19  SME IPOs listed with loss in 2024

Sector: Steel

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Summary

PE Ratio*
Highest 35.64
Median 16.82
Lowest 4.16
IPO Size (Cr.)
Highest 189.50
Median 28.56
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.

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Company Name City Sector IPO Size (Cr.) IPO Size Classification Exchange IPO Year (Listed) PE Ratio PE Ratio Classification Merchant Banker
Paramount Speciality Forgings Limited Mumbai Steel 32.34 Large (25-50 Cr) NSE EMERGE Sep 2024 16.01 Average (10-20) Swaraj Shares and
Aditya Ultra Steel Limited Ahmedabad Steel 45.88 Large (25-50 Cr) NSE EMERGE Sep 2024 19.43 Average (10-20) Swastika Investmart Limited
Jay Bee Laminations Limited New Delhi Steel 88.96 Very Large (>50 Cr) NSE EMERGE Sep 2024 17.03 Average (10-20) Swaraj Shares and
Sai Swami Metals & Alloys Limited Ahmedabad Steel 15.00 Medium (10-25 Cr) BSE SME May 2024 16.58 Average (10-20) Swastika Investmart Limited
KP Green Engineering Limited Surat Steel 189.50 Very Large (>50 Cr) BSE SME 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) NSE EMERGE 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) BSE SME Jan 2024 17.42 Average (10-20) Swastika Investmart Limited
Mangalam Alloys Limited Gandhinagar Steel 54.91 Very Large (>50 Cr) NSE EMERGE Oct 2023 19.46 Average (10-20) Expert Global Consultants Private Limited
Cosmic CRF Limited Kolkata Steel 57.21 Very Large (>50 Cr) BSE SME Jun 2023 35.64 Very High (30-50) Horizon Management Private Limited
Krishca Strapping Solutions Limited Tiruvallur Steel 17.93 Medium (10-25 Cr) NSE EMERGE 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) NSE EMERGE 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) NSE EMERGE 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) BSE SME 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) NSE EMERGE Mar 2023 4.16 Low (1-10) Khambatta Securities Limited
Earthstahl & Alloys Limited Raipur Steel - Tubes and Pipes 12.96 Medium (10-25 Cr) BSE SME Feb 2023 4.22 Low (1-10) Hem Securities Limited
Chaman Metallics Limited Chandrapur Steel - Iron 24.21 Medium (10-25 Cr) NSE EMERGE 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) NSE EMERGE Oct 2022 11.38 Average (10-20) Corporate Capital Ventures Private Limited
Rhetan TMT Limited Ahmedabad Steel - Iron 56.00 Very Large (>50 Cr) BSE SME Sep 2022 63.64 Extreme (50+) Aryaman Financial Services Limited
Mangalam Worldwide Limited Ahmedabad Steel 65.58 Very Large (>50 Cr) NSE EMERGE 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) BSE SME Oct 2021 0.00 NA Turnaround Corporate Advisors Private Limited
Jainam Ferro Alloys (I) Limited Chattisgarh Steel - Iron 19.61 Medium (10-25 Cr) NSE EMERGE Oct 2021 23.73 Moderately High (20-30) Hem Securities Limited
Shiv Aum Steels Ltd Mumbai Steel 15.84 Medium (10-25 Cr) NSE EMERGE 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) NSE EMERGE 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) BSE SME Sep 2018 21.00 Moderately High (20-30) Swastika Investmart Limited
Saketh Exim Limited Mumbai Steel 9.44 Small (5-10 Cr) NSE EMERGE Aug 2018 32.00 Very High (30-50) Aryaman Financial Services Limited
Supershakti Metaliks Limited Kolkata Steel 60.01 Very Large (>50 Cr) BSE SME Jul 2018 17.00 Average (10-20) Aryaman Financial Services Limited
MRC Exim Limited Mumbai Steel 4.50 Very Small (< 5 Cr) BSE SME Dec 2017 150.00 Extreme (50+) Inventure Merchant Banker Services Private Limited
Riddhi Steel & Tube Limited Ahmedabad Steel 8.89 Small (5-10 Cr) BSE SME Sep 2016 11.00 Average (10-20) Guiness Corporate Advisors Private Limited
Narayani Steels Limited Kolkata Steel 11.52 Medium (10-25 Cr) BSE SME Sep 2016 25.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Umiya Tubes Limited Gandhinagar Steel - Tubes and Pipes 2.00 Very Small (< 5 Cr) BSE SME 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) NSE EMERGE Feb 2016 11.00 Average (10-20) Sarthi Capital Advisors Private Limited
Mahabir Metallex Limited New Delhi Steel 3.90 Very Small (< 5 Cr) BSE SME 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) BSE SME Dec 2014 24.00 Moderately High (20-30) Hem Securities Limited
Aanchal Ispat Limited Kolkata Steel 16.00 Medium (10-25 Cr) BSE SME 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) BSE SME Oct 2014 180.00 Extreme (50+) Sarthi Capital Advisors Private Limited
Sanco Industries Limited New Delhi Steel 4.32 Very Small (< 5 Cr) NSE EMERGE Mar 2014 7.00 Low (1-10) Keynote Financial Services Limited
Chemtech Industrial Valves Limited Mumbai Steel 7.43 Small (5-10 Cr) BSE SME Jan 2014 150.00 Extreme (50+) Choice Capital Advisors Private Limited
Newever Trade Wings Limited Kolkata Steel - Iron 6.32 Small (5-10 Cr) BSE SME Oct 2013 1000.00 Extreme (50+) Inventure Merchant Banker Services Private Limited

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