211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

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Summary

PE Ratio*
Highest 46.59
Median 23.52
Lowest -122.38
IPO Size (Cr.)
Highest 12500.00
Median 1,125.16
Lowest 116.11
  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.

Mainboard IPO Performance FY26

IPO Performance of All IPO based on IPO FY26 in India on NSE and BSE stock exchanges. List of IPO with IPO size, IPO Industry, Merchant Banker, PE Ratio, Issue price and current market price (CMP). Latest IPO Performance of all IPOs listed in IPO FY26 for IPO analysis and review. Track the IPO performance FY26 of Mainboard IPO on NSE and BSE. IPOPlatform provides data-driven insights into how Indian IPOs have performed each Calendar year helping investors, analysts, and businesses understand share market trends. Our comprehensive IPO performance tracker is your go-to source for IPO analytics and performance comparison.

All
FY26
FY25
FY24
FY23
FY22
FY21
FY20
FY19
FY18
FY17
FY16
FY15
FY14
FY13
FY12
FY11
FY10
FY09
FY08
FY07
Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio Merchant Banker Offer Price CMP CMP(%)
Aditya Infotech Limited Aug 2025 1300.00 Electric Equipments 22.52 ICICI Securities Limited and IIFL Securities Limited 675.00 1401.80 108%
Ather Energy Limited May 2025 2980.76 Automobile -15.52 Axis Capital Limited and Hsbc Securities & Capital Markets Private limited and Jm Financial Limited and Nomura Financial Advisory And Securities (India) Private Limited 321.00 639.15 99%
Prostarm Info Systems Limited Jun 2025 168.00 Power and Energy 20.97 Choice Capital Advisors Private Limited 105.00 195.61 86%
Belrise Industries Limited May 2025 2150.00 Engineering - Automotive 24.47 Axis Capital Limited and Hsbc Securities & Capital Markets Private limited and Jefferies India Private Limited and SBI Capital Markets Limited 90.00 159.79 78%
Urban Company Limited Sep 2025 1900.00 Online Service Provider 61.68 Goldman Sachs (India) Securities Private Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited 103.00 163.72 59%
NSDL (National Securities Depository Limited) Aug 2025 4011.60 Banking and Finance 11.74 Axis Bank Limited and Hsbc Securities & Capital Markets Private limited and ICICI Securities Limited and Idbi Capital Market Services Limited 800.00 1185.50 48%
Smartworks Coworking Spaces Limited Jul 2025 582.56 Corporate Solutions Bob Capital Markets Limited and IIFL Securities Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited 407.00 591.80 45%
GNG Electronics Limited Jul 2025 460.43 Retail 39.14 Jm Financial Limited and Motilal Oswal Investment Advisors Limited 237.00 336.30 42%
Jain Resource Recycling Limited Oct 2025 1250.00 Metal 35.86 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and ICICI Securities Limited and Motilal Oswal Investment Advisors Limited and PL Capital Markets Private Limited 232.00 325.26 40%
Sambhv Steel Tubes Limited Jul 2025 540.00 Steel 44.54 Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited 82.00 114.90 40%
Anlon Healthcare Limited Sep 2025 121.03 Pharmaceutical 23.57 Interactive Financial Services Limited 91.00 124.69 37%
Bluestone Jewellery And Lifestyle Limited Aug 2025 1540.65 Jewellery Axis Capital Limited and IIFL Securities Limited and Kotak Mahindra Capital Company Limited 517.00 702.80 36%
Anthem Biosciences Limited Jul 2025 3395.00 Pharmaceutical 70.62 Citigroup Global Markets India Private Limited and J.P. Morgan India Private Limited and Jm Financial Limited and Nomura Financial Advisory And Securities (India) Private Limited 570.00 771.30 35%
Travel Food Services Limited Jul 2025 2000.00 Hotels and Resorts - QSR 37.89 Batlivala & Karani Securities India Private Limited and Hsbc Securities & Capital Markets Private limited and ICICI Securities Limited and Kotak Mahindra Capital Company Limited 1100.00 1380.00 25%
Shringar House of Mangalsutra Limited Sep 2025 400.95 Jewellery 26.04 Choice Capital Advisors Private Limited 165.00 204.81 24%
Sri Lotus Developers and Realty Limited Aug 2025 792.00 Real Estate 32.17 Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited 150.00 184.37 23%
Scoda Tubes Limited Jun 2025 220.00 Steel 25.25 Monarch Networth Capital Limited 140.00 167.77 20%
Oswal Pumps Limited Jun 2025 1387.34 Solar 24.22 Axis Capital Limited and Clsa India Private Limited and IIFL Securities Limited and Jm Financial Limited and Nuvama Wealth Management Limited 614.00 730.35 19%
Knowledge Realty Trust REIT Aug 2025 4800.00 Real Estate - REIT Axis Capital Limited and Bofa Securities India Limited and ICICI Securities Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited and SBI Capital Markets Limited 100.00 118.02 18%
Crizac Limited Jul 2025 860.00 Education - Edtech 28.03 Anand Rathi Securities Limited and Equirus Capital Private Limited 245.00 286.50 17%
Atlanta Electricals Limited Sep 2025 687.34 Electric Equipments - Transformers Axis Capital Limited and Motilal Oswal Investment Advisors Limited 754.00 874.20 16%
Highway Infrastructure Limited Aug 2025 130.00 Infrastructure 22.41 Pantomath Capital Advisors Private Limited 70.00 80.25 15%
GK Energy Limited Sep 2025 464.26 Solar 23.30 Hdfc Bank Limited and IIFL Securities Limited 153.00 174.86 14%
Aegis Vopak Terminals Limited Jun 2025 3500.00 Oil and Gas 259.32 Bnp Paribas and Hdfc Bank Limited and ICICI Securities Limited and IIFL Securities Limited and Jefferies India Private Limited 235.00 264.20 12%
Ellenbarrie Industrial Gases Limited Jul 2025 852.53 Oil and Gas 67.69 IIFL Securities Limited and Jm Financial Limited and Motilal Oswal Investment Advisors Limited 400.00 444.65 11%
Advance Agrolife Limited Oct 2025 192.86 Chemical - Pesticides 25.07 Choice Capital Advisors Private Limited 100.00 108.30 8%
Saatvik Green Energy Limited Sep 2025 900.00 Solar 27.63 Ambit Private Limited and Motilal Oswal Investment Advisors Limited 465.00 501.55 8%
Anand Rathi Share and Stock Brokers Limited Sep 2025 745.00 Banking and Finance 25.06 Anand Rathi Securities Limited and Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Nuvama Wealth Management Limited 414.00 445.15 8%
Amanta Healthcare Limited Sep 2025 126.00 Pharmaceutical 46.59 Beeline Capital Advisors Private Limited 126.00 134.98 7%
Shanti Gold International Limited Aug 2025 360.11 Jewellery 25.69 Choice Capital Advisors Private Limited 199.00 209.85 5%
Borana Weaves Limited May 2025 144.89 Textiles - Fabrics 1.47 Beeline Capital Advisors Private Limited 216.00 225.11 4%
Vikran Engineering Limited Sep 2025 772.00 Engineering 32.15 Pantomath Capital Advisors Private Limited and Systematix Corporate Services Limited 97.00 100.14 3%
Euro Pratik Sales Limited Sep 2025 451.30 Home Decor 33.02 Axis Bank Limited and Dam Capital Advisors Limited (Formerly Idfc Securities Limited) 247.00 253.33 3%
iValue Infosolutions Limited Sep 2025 560.29 Information Technology - Data Solutions 18.77 IIFL Securities Limited and Motilal Oswal Investment Advisors Limited 289.00 295.75 2%
Globe Civil Projects Limited Jul 2025 119.00 Engineering - EPC 17.88 Mefcom Capital Markets Limited 71.00 71.66 1%
Trualt Bioenergy Limited Oct 2025 839.28 Oil and Gas 29.01 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and SBI Capital Markets Limited 496.00 494.15 -0%
HDB Financial Services Limited Jul 2025 12500.00 Banking and Finance 28.15 Bnp Paribas and Bofa Securities India Limited and Goldman Sachs (India) Securities Private Limited and Hsbc Securities & Capital Markets Private limited and IIFL Securities Limited and Jefferies India Private Limited and Jm Financial Limited and Morgan Stanley India Company Private Limited and Motilal Oswal Investment Advisors Limited and Nomura Financial Advisory And Securities (India) Private Limited and Nuvama Wealth Management Limited and Ubs Securities India Private Limited 740.00 736.95 -0%
Leela Hotels - Schloss Bangalore Limited Jun 2025 3500.00 Hotels and Resorts 213.09 Axis Capital Limited and Bofa Securities India Limited and Citigroup Global Markets India Private Limited and ICICI Securities Limited and IIFL Securities Limited and J.P. Morgan India Private Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited and Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited 435.00 430.10 -1%
Pace Digitek Limited Oct 2025 819.00 Infrastructure 16.94 Unistone Capital Private Limited 219.00 215.62 -2%
All Time Plastics Limited Aug 2025 280.00 Plastic and Polymer 38.09 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Intensive Fiscal Services Private Limited 275.00 267.15 -3%
M&B Engineering Limited Aug 2025 650.00 Infrastructure 28.55 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Equirus Capital Private Limited 385.00 373.55 -3%
Indiqube Spaces Limited Jul 2025 700.00 Corporate Solutions ICICI Securities Limited and Jm Financial Limited 237.00 229.22 -3%
Vikram Solar Limited Aug 2025 2079.37 Solar - Panels 85.88 Equirus Capital Private Limited and Jm Financial Limited and Nuvama Wealth Management Limited and PhillipCapital (India) Private Limited and Ubs Securities India Private Limited 332.00 320.20 -4%
Seshaasai Technologies Limited Sep 2025 813.07 Banking and Finance 30.79 ICICI Securities Limited and SBI Capital Markets Limited 423.00 404.25 -4%
Laxmi India Finance Limited Aug 2025 254.26 Banking and Finance 22.94 PL Capital Markets Private Limited 158.00 150.94 -4%
Fabtech Technologies Limited Oct 2025 230.35 Engineering 18.28 Unistone Capital Private Limited 191.00 180.39 -6%
JSW Cement Limited Aug 2025 3600.00 Cement -122.38 Axis Capital Limited and Citigroup Global Markets India Private Limited and Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Goldman Sachs (India) Securities Private Limited and Jefferies India Private Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited 147.00 138.26 -6%
Jinkusal Industries Limited Oct 2025 116.11 Infrastructure 24.26 GYR Capital Advisors Private Limited 121.00 113.30 -6%
Epack Prefab Technologies Limited Oct 2025 504.00 Textiles 34.54 Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited 204.00 188.86 -7%
Ganesh Consumer Products Limited Sep 2025 408.80 FMCG 36.72 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and IIFL Securities Limited and Motilal Oswal Investment Advisors Limited 322.00 295.15 -8%
Indogulf Cropsciences Limited Jul 2025 200.00 Agro 24.27 Systematix Corporate Services Limited 111.00 101.11 -9%
Brigade Hotel Ventures Limited Jul 2025 759.60 Hotels and Resorts 144.48 ICICI Securities Limited and Jm Financial Limited 90.00 81.96 -9%
Kalpataru Limited Jul 2025 1590.00 Real Estate 1160.05 ICICI Securities Limited and Jm Financial Limited and Nomura Financial Advisory And Securities (India) Private Limited 414.00 369.65 -11%
Shreeji Shipping Global Limited Aug 2025 410.71 Logistics 29.07 Beeline Capital Advisors Private Limited and Elara Capital (India) Private Limited 252.00 223.44 -11%
Regaal Resources Limited Aug 2025 306.00 Agro 21.98 Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services Limited 102.00 90.34 -11%
Patel Retail Limited Aug 2025 242.76 Retail - Supermarket 33.69 Fedex Securities Private Limited 255.00 222.52 -13%
Solarworld Energy Solutions Limited Sep 2025 490.00 Solar 39.48 Nuvama Wealth Management Limited and SBI Capital Markets Limited 351.00 298.60 -15%
Dev Accelerator Limited Sep 2025 143.35 Corporate Solutions 315.45 Pantomath Capital Advisors Private Limited 61.00 50.73 -17%
Mangal Electrical Industries Limited Aug 2025 400.00 Electric Equipments - Transformers 32.77 Systematix Corporate Services Limited 561.00 448.90 -20%
Vms Tmt Limited Sep 2025 148.50 Steel 14.32 Arihant Capital Markets Limited 99.00 76.32 -23%
Jaro Institute Of Technology Management And Research Limited Sep 2025 450.00 Education - Edtech 38.17 Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited and Systematix Corporate Services Limited 890.00 678.35 -24%
Gem Aromatics Limited Aug 2025 451.25 Chemical 31.80 Motilal Oswal Investment Advisors Limited 325.00 239.27 -26%
Aris Infra Solutions Limited Jun 2025 499.60 Infrastructure IIFL Securities Limited and Jm Financial Limited and Nuvama Wealth Management Limited 222.00 161.20 -27%
Glottis Limited Oct 2025 307.00 Logistics 21.23 Pantomath Capital Advisors Private Limited 129.00 83.71 -35%
Om Freight Forwarders Limited Oct 2025 122.31 Logistics 20.67 Smart Horizon Capital Advisors Private Limited 135.00 85.57 -37%
BMW Ventures Limited Oct 2025 231.66 Steel 26.15 Sarthi Capital Advisors Private Limited 99.00 60.57 -39%
PropShare Titania SM REIT Aug 2025 473.00 Real Estate - REIT Kotak Mahindra Capital Company Limited 1060000.00 0%

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Summary

PE Ratio*
Highest 46.59
Median 23.52
Lowest -122.38
IPO Size (Cr.)
Highest 12500.00
Median 1,125.16
Lowest 116.11
  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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Year Wise SME IPO Performance >> Year wise SME Merchant Banker >>
Year wise Mainboard Merchant Banker >> Top IPOs by Subscription >>
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Upcoming SME IPOs in India

The below mentioned are the forthcoming SME IPOs for which DRHPs have been filed recently and are in process of approval by the BSE SME or NSE Emerge exchange.

Q-Line Biotech Limited

   Lucknow

   Healthcare

Date of DRHP : 30 Sep 2025
Revenue* : 313.78
PAT* : 28.13
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Universal Contractors And Engineers Limited

   New Delhi

   Real Estate - Infrastructure

Date of DRHP : 30 Sep 2025
Revenue* : 240.40
PAT* : 14.76
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Beautex Communication Limited

   New Delhi

   Advertising and Media

Date of DRHP : 30 Sep 2025
Revenue* : 113.40
PAT* : 5.48
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Vision Time India Limited

   Chennai

   Advertising and Media

Date of DRHP : 30 Sep 2025
Revenue* : 132.58
PAT* : 12.00
Exchange : BSE SME
Read DRHP
Detailed Review

Apana Logistics Limited

   Kolkata

   Logistics

Date of DRHP : 30 Sep 2025
Revenue* : 21.44
PAT* : 3.11
Exchange : BSE SME
Read DRHP
Detailed Review

Somaya Solar Solutions Limited

   New Delhi

   Solar - Panels

Date of DRHP : 30 Sep 2025
Revenue* : 23.83
PAT* : 2.68
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Liqvd Digital India Limited

   Mumbai

   Advertising and Media

Date of DRHP : 30 Sep 2025
Revenue* : 24.87
PAT* : 2.25
Exchange : BSE SME
Read DRHP
Detailed Review

Axiom Gas Engineering Limited

   Vadodara

   Oil and Gas

Date of DRHP : 30 Sep 2025
Revenue* : 89.83
PAT* : 7.74
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Navjeet India Limited

   Mumbai

   Textiles

Date of DRHP : 30 Sep 2025
Revenue* : 45.83
PAT* : 1.83
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Kheria Autocomp Limited

   Ahemdabad

   Plastic and Polymer

Date of DRHP : 30 Sep 2025
Revenue* : 92.07
PAT* : 8.24
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Adisoft Technologies Limited

   Pune

   Engineering

Date of DRHP : 30 Sep 2025
Revenue* : 131.71
PAT* : 15.93
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Dasra Healthcare Limited

   Bhilwara

   Healthcare

Date of DRHP : 30 Sep 2025
Revenue* : 51.09
PAT* : 11.29
Exchange : NSE EMERGE
Read DRHP
Detailed Review

IC Electricals Company Limited

   New Delhi

   Railway

Date of DRHP : 30 Sep 2025
Revenue* : 121.88
PAT* : 9.37
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Shakti Polytarp Limited

   Indore

   Plastic and Polymer

Date of DRHP : 30 Sep 2025
Revenue* : 284.97
PAT* : 8.50
Exchange : BSE SME
Read DRHP
Detailed Review

Tipco Engineering India Limited

   Sonipat

   Engineering - Heavy Machinery

Date of DRHP : 30 Sep 2025
Revenue* : 133.14
PAT* : 15.49
Exchange : BSE SME
Read DRHP
Detailed Review

Rajnandini Fashion India Limited

   Jaipur

   Textiles

Date of DRHP : 30 Sep 2025
Revenue* : 30.68
PAT* : 5.04
Exchange : BSE SME
Read DRHP
Detailed Review

Paramount Syntex Limited

   Mumbai

   Textiles - Fabrics

Date of DRHP : 30 Sep 2025
Revenue* : 112.41
PAT* : 6.72
Exchange : BSE SME
Read DRHP
Detailed Review

Sureflo Techon Limited

   Mumbai

   Engineering

Date of DRHP : 30 Sep 2025
Revenue* : 36.63
PAT* : 7.12
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Dhara Rail Projects Limited

   Mumbai

   Railway

Date of DRHP : 30 Sep 2025
Revenue* : 44.48
PAT* : 6.52
Exchange : NSE EMERGE
Read DRHP
Detailed Review

NFP Sampoorna Foods Limited

   New Delhi

   FMCG

Date of DRHP : 30 Sep 2025
Revenue* : 74.68
PAT* : 4.32
Exchange : NSE EMERGE
Read DRHP
Detailed Review
See more >

*The Revenue and PAT figures mentioned above are on the Annualised basis.