214 Total SME IPOs listed in 2025

9,804.70 Crs. Total funds raised in 2025

145 SME IPOs listed with Gain in 2025

69 SME IPOs listed with loss in 2025

214 Total SME IPOs listed in 2025

9,804.70 Crs. Total funds raised in 2025

145 SME IPOs listed with Gain in 2025

69 SME IPOs listed with loss in 2025

214 Total SME IPOs listed in 2025

9,804.70 Crs. Total funds raised in 2025

145 SME IPOs listed with Gain in 2025

69 SME IPOs listed with loss in 2025

214 Total SME IPOs listed in 2025

9804.70 Crs. Total funds raised in 2,025.00

145 SME IPOs listed with Gain in 2025

69 SME IPOs listed with loss in 2025

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Summary

PE Ratio^*
Highest	49.00
Median	19.31
Lowest	4.00

IPO Size (Cr.)
Highest	84.60
Median	16.36
Lowest	1.17

*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.

SME IPO Performance FY19

SME IPO Performance of All IPO based on IPO FY19 in India on NSE Emerge and BSE SME. List of IPO with IPO size, IPO Industry, Merchant Banker, PE Ratio, Issue price and current market price (CMP). Latest SME IPO Performance of all IPOs listed in FY19 for IPO analysis and review. Track the IPO performance FY19 of SME 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.

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Company Name	IPO Year (Listed)	IPO Size (Cr.)	Sector	PE Ratio	Merchant Banker	Offer Price	CMP	CMP(%)
E2E Networks Limited	May 2018	21.99	Information Technology - Data Solutions	12.00	Holani Consultants Private Limited	57.00	3726.90	6438%
Spectrum Electrical Industries Limited	Oct 2018	25.87	Electric Equipments	17.00	Arihant Capital Markets Limited	65.00	1319.80	1930%
Shree Vasu Logistics Limited	Jun 2018	9.29	Logistics	14.00	Pantomath Capital Advisors Private Limited	45.00	773.05	1618%
Yasho Industries Limited	Apr 2018	28.99	Chemical	28.00	Aryaman Financial Services Limited	100.00	1629.00	1529%
A-1 Acid Limited	Oct 2018	18.00	Chemical	24.00	Guiness Corporate Advisors Private Limited	60.00	976.90	1528%
Parin Furniture Limited	Oct 2018	18.90	Furniture	17.00	Hem Securities Limited	63.00	532.35	745%
Saketh Exim Limited	Aug 2018	9.44	Steel	32.00	Aryaman Financial Services Limited	69.00	545.95	691%
Synergy Green Industries Limited	Sep 2018	26.46	Steel	21.00	Swastika Investmart Limited	70.00	541.95	674%
Manorama Industries Limited	Oct 2018	64.00	Agro	20.00	Pantomath Capital Advisors Private Limited	188.00	1428.20	660%
Dolfin Rubbers Limited	Oct 2018	5.20	Rubber	15.00	Guiness Corporate Advisors Private Limited	26.00	193.75	645%
Megastar Foods Limited	May 2018	8.04	Agro - Food Products	25.00	Swastika Investmart Limited	30.00	222.55	642%
Mahickra Chemicals Limited	Apr 2018	5.25	Chemical	37.00	Pantomath Capital Advisors Private Limited	25.00	152.85	511%
B&B Triplewall Containers Limited	Oct 2018	19.99	Packaging & Disposables	16.00	Gretex Corporate Services Limited	36.00	194.48	440%
K.P.I. Global Infrastructure Limited	Jan 2019	39.94	Solar	18.70	Vivro Financial Services Private Limited	80.00	425.05	431%
Power & Instrumentation (Gujarat) Limited	Apr 2018	6.15	Engineering - EPC	12.00	Navigant Corporate Advisors Limited	33.00	174.11	428%
Taylormade Renewables Limited	Apr 2018	11.34	Solar	20.00	Guiness Corporate Advisors Private Limited	35.00	180.30	415%
SoftTech Engineers Limited	May 2018	22.81	Information Technology - SaaS	17.00	Pantomath Capital Advisors Private Limited	80.00	382.70	378%
Aaron Industries Limited	Sep 2018	4.78	Engineering	16.00	Gretex Corporate Services Limited	38.00	179.14	371%
Giriraj Civil Developers Limited	Apr 2018	9.00	Infrastructure	18.00	Aryaman Financial Services Limited	100.00	373.90	274%
Ritco Logistics Limited	Feb 2019	48.18	Minerals	14.30	Pantomath Capital Advisors Private Limited	73.00	261.95	259%
Roni Households Limited	Dec 2018	3.00	Plastic and Polymer	181.00	Aryaman Financial Services Limited	20.00	70.21	251%
Rudrabhishek Enterprises Limited	Jul 2018	18.73	Infrastructure	27.00	Corporate Capital Ventures Private Limited	41.00	143.24	249%
Marine Electricals (India) Limited	Oct 2018	42.87	Electric Equipments	10.00	Aryaman Financial Services Limited	66.00	211.46	220%
Ultra Wiring Connectivity Systems Limited	Oct 2018	4.82	Automobile	13.00	D And A Financial Services Private Limited	35.00	106.40	204%
Sirca Paints India Limited	May 2018	77.92	Chemical - Paint and Adhesives	15.00	Navigant Corporate Advisors Limited	160.00	476.30	198%
Innovators Facade Systems Limited	May 2018	40.75	Home Decor	18.00	Pantomath Capital Advisors Private Limited	72.00	212.00	194%
Affordable Robotic & Automation Limited	Jun 2018	31.17	Engineering - Automotive	17.00	Pantomath Capital Advisors Private Limited	85.00	247.01	191%
Avon Moldplast Limited	Jul 2018	4.51	Furniture	20.00	Turnaround Corporate Advisors Private Limited	51.00	146.86	188%
Mac Hotels Limited	Oct 2018	1.94	Hotels and Resorts	18.00	Gretex Corporate Services Limited	24.00	69.00	188%
Kapston Facilities Management Limited	Apr 2018	21.20	Outsourcing	14.00	Ckp Financial Services Private Limited	92.00	253.52	176%
Indo US Bio-Tech Limited	May 2018	7.29	Agro - Food Products	19.00	Swastika Investmart Limited	51.00	132.41	160%
Mindpool Technologies Limited	Feb 2019	3.60	Information Technology - Data Solutions	5.00	Hem Securities Limited	30.00	71.10	137%
Kranti Industries Limited	Feb 2019	8.58	Engineering - Automotive	12.00	Fast Track Finsec Private Limited	37.00	86.98	135%
AVG Logistics Limited	Apr 2018	33.06	Logistics	16.00	Systematix Corporate Services Limited	107.00	242.05	126%
BCPL Railway Infrastructure Limited (BRIL)	Oct 2018	17.01	Infrastructure	10.00	Gretex Corporate Services Limited	35.00	78.50	124%
Sumit Woods Limited	Sep 2018	18.24	Real Estate	9.00	Mark Corporate Advisors Private Limited	45.00	100.39	123%
Ambani Organics Limited	Jul 2018	9.03	Chemical - Speciality	18.00	Aryaman Financial Services Limited	66.00	139.90	112%
Bombay Super Hybrid Seeds Limited	Apr 2018	10.39	Agro - Plantation	73.00	Monarch Networth Capital Limited	60.00	125.30	109%
Lagnam Spintex Limited	Sep 2018	24.60	Textiles	12.00	Boi Merchant Bankers Limited and Holani Consultants Private Limited	41.00	83.06	103%
Silgo Retail Limited	Oct 2018	4.88	Jewellery	19.00	Aryaman Financial Services Limited	36.00	68.66	91%
Orissa Bengal Carrier Limited	Apr 2018	16.69	Logistics	9.00	Guiness Corporate Advisors Private Limited	30.00	55.16	84%
Surani Steel Tubes Limited	Feb 2019	12.92	Steel - Tubes and Pipes	34.00	Pantomath Capital Advisors Private Limited	52.00	91.90	77%
Sky Gold Limited	Oct 2018	25.56	Jewellery	37.00	Aryaman Financial Services Limited	180.00	313.05	74%
Lex Nimble Solutions Limited	Apr 2018	6.34	Information Technology - Data Solutions	114.00	Quintessence Enterprises Private Limited	57.00	96.97	70%
Vera Synthetic Limited	Apr 2018	5.34	Plastic and Polymer		Pantomath Capital Advisors Private Limited	40.00	68.00	70%
Shankar Lal Rampal Dye-Chem Limited	Dec 2018	7.29	Chemical	4.00	Finshore Management Services Limited	45.00	73.52	63%
Aartech Solonics Limited	Mar 2019	7.21	Power and Energy	40.00	Swastika Investmart Limited	34.00	52.18	53%
MMP Industries Limited	Apr 2018	84.60	Aluminium	20.00	Guiness Corporate Advisors Private Limited	188.00	282.75	50%
Garv Industries Limited	Apr 2018	3.20	Aluminium	161.00	Aryaman Financial Services Limited	10.00	13.51	35%
Shree Krishna Infrastructure Limited	Dec 2018	1.17	Infrastructure	433.00	Finshore Management Services Limited	13.00	17.54	35%
DRS Dilip Roadlines Limited	Dec 2018	31.50	Logistics	20.00	Aryaman Financial Services Limited	75.00	93.10	24%
Deep Polymers Limited	Aug 2018	15.24	Plastic and Polymer	22.00	Gretex Corporate Services Limited	40.00	48.11	20%
Sonam Clock Limited	Jun 2018	10.11	Engineering	12.00	Hem Securities Limited	36.00	43.21	20%
Shubham Polyspin Limited	Oct 2018	6.00	Textiles	15.00	Beeline Capital Advisors Private Limited	40.00	43.31	8%
Gleam Fabmat Limited	Mar 2019	3.12	Aluminium	16.00	Aryaman Financial Services Limited	10.00	10.14	1%
Latteys Industries Limited	Jun 2018	4.44	Engineering	102.00	Gretex Corporate Services Limited	20.00	20.17	1%
Continental Seeds and Chemicals Limited	Apr 2018	4.21	Agro - Plantation	17.00	Navigant Corporate Advisors Limited	26.00	25.60	-2%
Dhruv Consultancy Services Limited	May 2018	23.19	Infrastructure	11.00	Hem Securities Limited	54.00	52.10	-4%
Jakharia Fabric Limited	Jul 2018	19.66	Textiles	29.00	Aryaman Financial Services Limited	180.00	173.60	-4%
Nakoda Group of Industries Limited	Jun 2018	6.48	Agro	18.00	Pantomath Capital Advisors Private Limited	35.00	32.11	-8%
Priti International Limited	Jun 2018	5.26	Furniture	18.00	Pantomath Capital Advisors Private Limited	75.00	68.74	-8%
Sungold Media and Entertainment Limited	Aug 2018	1.35	Information Technology - Data Solutions	1515.00	Finshore Management Services Limited	10.00	8.75	-13%
Narmada Agrobase Limited	Apr 2018	7.48	Agro	57.00	Corporate Capital Ventures Private Limited	32.00	27.46	-14%
Supershakti Metaliks Limited	Jul 2018	60.01	Steel	17.00	Aryaman Financial Services Limited	375.00	315.00	-16%
Jonjua Overseas Limited	Feb 2019	1.30	Outsourcing	250.00	Finshore Management Services Limited	10.00	8.25	-18%
AKI India Limited	Oct 2018	3.08	Retail	10.00	Finshore Management Services Limited	11.00	8.98	-18%
Palm Jewels Limited	Jun 2018	8.90	Jewellery	46.00	First Overseas Capital Limited	30.00	22.85	-24%
Ushanti Colour Chem Limited	Aug 2018	11.56	Chemical	18.00	Pantomath Capital Advisors Private Limited	60.00	44.15	-26%
Dr Lalchandani Labs Limited	May 2018	4.20	Healthcare	10.00	Navigant Corporate Advisors Limited	30.00	21.58	-28%
Shubhlaxmi Jewel Art Limited	Dec 2018	6.51	Jewellery	24.00	Pantomath Capital Advisors Private Limited	26.00	15.75	-39%
ShreeOswal Seeds & Chemicals Limited	Jun 2018	11.90	Agro	17.00	Pantomath Capital Advisors Private Limited	26.00	14.55	-44%
S.M. Gold Limited	Oct 2018	7.50	Jewellery	23.00	First Overseas Capital Limited	30.00	14.56	-51%
Anmol India Limited	Feb 2019	10.23	Minerals	10.00	Share India Capital Services Private Limited	33.00	15.26	-54%
Innovative Ideals and Services (India) Limited	Oct 2018	12.26	Electric Equipments	15.00	Pantomath Capital Advisors Private Limited	40.00	17.91	-55%
Akg Exim Limited	Sep 2018	5.52	Agro	20.00	Navigant Corporate Advisors Limited	31.00	13.25	-57%
Ahlada Engineers Ltd	Oct 2018	51.08	Furniture	24.00	Saffron Capital Advisors Private Limited	150.00	61.51	-59%
Waa Solar Limited	Jun 2018	28.18	Solar	30.00	Guiness Corporate Advisors Private Limited	161.00	65.53	-59%
U.H. Zaveri Limited	May 2018	7.99	Jewellery	20.00	First Overseas Capital Limited	36.00	14.45	-60%
Raw Edge Industrial Solutions Ltd	Jul 2018	16.50	Minerals	37.00	Guiness Corporate Advisors Private Limited	72.00	28.14	-61%
Iris Clothings Limited	Oct 2018	11.07	Textiles	9.00	Vc Corporate Advisors Private Limited (Vcapl)	90.00	34.78	-61%
Add-Shop Promotions Limited	Sep 2018	6.23	Healthcare - Ayurvedic	26.00	Fedex Securities Private Limited	26.00	9.21	-65%
Ranjeet Mechatronics Limited	Sep 2018	4.50	Engineering	18.00	Beeline Capital Advisors Private Limited	25.00	8.30	-67%
Humming Bird Education Limited	Mar 2019	2.15	Education	11.00	Share India Capital Services Private Limited	132.00	41.18	-69%
Milestone Furniture Limited	May 2018	14.84	Furniture	34.00	Monarch Networth Capital Limited	45.00	13.87	-69%
Kritika Wires Limited	Oct 2018	15.40	Cables and Wires	12.00	Hem Securities Limited	32.00	8.51	-73%
Penta Gold Limited	Apr 2018	13.32	Jewellery	18.00	Inventure Merchant Banker Services Private Limited	37.00	9.15	-75%
Marshall Machines Limited	Sep 2018	16.25	Engineering	12.00	Sarthi Capital Advisors Private Limited	42.00	10.36	-75%
Benara Bearings & Pistons Ltd	Apr 2018	33.49	Engineering - Automotive	14.00	Pantomath Capital Advisors Private Limited	63.00	13.38	-79%
Rajnandini Metal Limited	Oct 2018	4.27	Metal	17.00	Corporate Capital Ventures Private Limited	26.00	4.46	-83%
Deccan Health Care Limited	Dec 2018	42.12	Pharmaceutical	16.00	Pantomath Capital Advisors Private Limited	100.00	17.03	-83%
Mahip Industries Limited	Mar 2019	16.63	Packaging & Disposables	10.00	Finshore Management Services Limited	32.00	5.39	-83%
Ganga Forging Limited	Jul 2018	5.00	Automobile - Forging and Casting	32.00	Pantomath Capital Advisors Private Limited	21.00	3.53	-83%
Aakash Exploration Services Limited	Apr 2018	10.08	Oil and Gas	41.00	Monarch Networth Capital Limited	56.00	9.39	-83%
Rajshree Polypack Limited	Sep 2018	35.52	Plastic and Polymer	15.00	PL Capital Markets Private Limited	120.00	19.86	-83%
Ganesh Films India Limited	Jul 2018	8.42	Advertising and Media	151.00	Fedex Securities Private Limited	80.00	12.40	-85%
Suumaya Lifestyle Limited	Jun 2018	3.40	Textiles	19.00	Gretex Corporate Services Limited	18.00	2.73	-85%
Axita Cotton Limited	Jan 2019	10.51	Agro	30.00	Beeline Capital Advisors Private Limited	60.00	8.52	-86%
Ashapuri Gold Ornament Limited	Mar 2019	29.33	Jewellery	221.00	Fedex Securities Private Limited	51.00	6.23	-88%
S.S. Infrastructure Development Consultants Limited	Apr 2018	17.11	Infrastructure	10.00	Pantomath Capital Advisors Private Limited	40.00	4.80	-88%
Veeram Infra Engineering Limited Limited (VIEL)	Oct 2018	10.74	Real Estate	49.00	First Overseas Capital Limited	51.00	5.50	-89%
Kshitij Polyline Limited	Oct 2018	8.75	Plastic and Polymer	29.00	Monarch Networth Capital Limited	35.00	2.94	-92%
Accuracy Shipping Limited	Jun 2018	35.76	Logistics	13.00	Pantomath Capital Advisors Private Limited	84.00	6.88	-92%
Bright Solar Limited	Jul 2018	19.44	Solar - Panels	11.00	Swastika Investmart Limited	36.00	2.80	-92%
Diksha Greens Limited	Dec 2018	13.32	Furniture	36.00	Finshore Management Services Limited	30.00	2.16	-93%
Mittal Life Style Ltd	Apr 2018	4.41	Textiles	24.00	Sarthi Capital Advisors Private Limited	21.00	1.51	-93%
Supreme Engineering Ltd	Sep 2018	17.78	Cables and Wires	17.00	Ckp Financial Services Private Limited	27.00	1.76	-93%
Dangee Dums Limited	Sep 2018	20.07	FMCG - Snacks and Beverages	49.00	Monarch Networth Capital Limited	74.00	4.27	-94%
Arihant Institute Limited	Jun 2018	7.50	Education - Edtech	200.00	Monarch Networth Capital Limited	30.00	1.56	-95%
Powerful Technologies Limited	Aug 2018	13.55	Electric Equipments	11.00	Finshore Management Services Limited	51.00	1.95	-96%
Vinny Overseas Limited	Oct 2018	10.38	Textiles	12.00	Pantomath Capital Advisors Private Limited	40.00	1.25	-97%
Debock Sales and Marketing Ltd	Jun 2018	8.06	Engineering	53.00	Pantomath Capital Advisors Private Limited	66.00	2.06	-97%
Sun Retail Limited	Oct 2018	10.12	Agro	95.00	Fedex Securities Private Limited	23.00	0.44	-98%
Godha Cabcon & Insulation Limited	May 2018	9.90	Engineering	12.00	Mark Corporate Advisors Private Limited	33.00	0.58	-98%
Akshar Spintex Limited	May 2018	26.99	Textiles	20.00	Pantomath Capital Advisors Private Limited	40.00	0.62	-98%
Rajnish Wellness Limited	Jul 2018	11.98	Healthcare - Personal Care	25.00	Navigant Corporate Advisors Limited	95.00	0.88	-99%
Soni Soya Products Limited	Apr 2018	4.50	Agro - Food Products	9.00	Pantomath Capital Advisors Private Limited	25.00		0%
Five Core Electronics Limited	May 2018	46.66	Information Technology - Hardware	13.00	Sarthi Capital Advisors Private Limited	140.00		0%
Artedz Fabs Limited	Mar 2019	8.32	Textiles	6.00	Pantomath Capital Advisors Private Limited	36.00		0%

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Summary

PE Ratio^*
Highest	49.00
Median	19.31
Lowest	4.00

IPO Size (Cr.)
Highest	84.60
Median	16.36
Lowest	1.17

*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.

Explore More...

Year Wise IPO Performance >> Year wise Mainboard Merchant Banker >>

Year wise SME Merchant Banker >> SME IPOs on NSE Emerge >>

Top SME IPOs by Subscription >> Top SME IPOs by Listing Gain >>

SME IPOs on BSE SME >> Year Wise Merchant Bankers >>

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.