114 Total SME IPOs listed in 2025

5,174.44 Crs. Total funds raised in 2025

79 SME IPOs listed with Gain in 2025

35 SME IPOs listed with loss in 2025

114 Total SME IPOs listed in 2025

5,174.44 Crs. Total funds raised in 2025

79 SME IPOs listed with Gain in 2025

35 SME IPOs listed with loss in 2025

114 Total SME IPOs listed in 2025

5,174.44 Crs. Total funds raised in 2025

79 SME IPOs listed with Gain in 2025

35 SME IPOs listed with loss in 2025

114 Total SME IPOs listed in 2025

5174.44 Crs. Total funds raised in 2,025.00

79 SME IPOs listed with Gain in 2025

35 SME IPOs listed with loss in 2025

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Summary

PE Ratio^*
Highest	48.95
Median	17.56
Lowest	3.27

IPO Size (Cr.)
Highest	169.37
Median	45.39
Lowest	1.92

*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 IPOs in 2025

This feature on IPOPlatform.com provides detailed insights into SME IPO listings and funds raised in India on platforms like BSE SME and NSE Emerge. It offers year-wise SME IPO analysis, highlighting the number of IPO SMEs, funds raised, and the role of BRLMs (Book Running Lead Managers), also referred to as merchant bankers in India. The report covers current SME IPOs, recent SME IPOs, and tracks IPO performance based on listing gains and market trends. This data helps businesses and investors stay informed about key developments in the growing IPO SME market.

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Company Name	IPO Year (Listed)	IPO Size (Cr.)	Sector	PE Ratio	City	Merchant Banker
CFF Fluid Control Limited - FPO	Jul 2025	87.75	Defence	51.45	Raigarh	Aryaman Financial Services Limited -->
Asston Pharmaceuticals Limited	Jul 2025	27.56	Pharmaceutical	13.20	Mumbai	Sobhagya Capital Options Limited -->
GLEN Industries Limited	Jul 2025	63.02	Packaging & Disposables	12.78	Kolkata	GYR Capital Advisors Private Limited -->
Smarten Power Systems Limited	Jul 2025	50.00	Solar	14.88	New Delhi	Arihant Capital Markets Limited -->
Chemkart India Limited	Jul 2025	80.08	Healthcare	12.37	Mumbai	Smart Horizon Capital Advisors Private Limited -->
Meta Infotech Limited	Jul 2025	80.18	Information Technology - Data Solutions	13.27	Mumbai	Hem Securities Limited -->
Cryogenic Ogs Limited	Jul 2025	17.77	Oil and Gas	10.96	Vadodara	Beeline Capital Advisors Private Limited -->
Happy Square Outsourcing Services Limited	Jul 2025	24.25	Outsourcing	14.93	Jabalpur	Corpwis Advisors Private Limited -->
Silky Overseas Limited	Jul 2025	30.68	Textiles	18.52	New Delhi	Gretex Corporate Services Limited -->
Pushpa Jewellers Limited	Jul 2025	98.65	Jewellery	11.90	Kolkata	Affinity Global Capital Market Private Limited -->
Marc Loire Fashions Limited	Jul 2025	21.00	Footwear	15.09	New Delhi	Finshore Management Services Limited -->
Vandan Foods Limited	Jul 2025	30.36	Agro	15.94	Ahmedabad	Nirbhay Capital Services Private Limited -->
Cedaar Textile Limited	Jul 2025	60.90	Textiles	19.11	Bangalore	Fast Track Finsec Private Limited -->
Adcounty Media India Limited	Jul 2025	50.69	Information Technology	23.09	Jaipur	Narnolia Financial Services Limited -->
Neetu Yoshi Limited	Jul 2025	77.04	Metal	18.20	Dehradun	Horizon Management Private Limited -->
Pro Fx Tech Limited	Jul 2025	38.21	Electric Equipments	12.44	Bangalore	Hem Securities Limited -->
Moving Media Entertainment Limited	Jul 2025	43.40	Advertising and Media - Events	12.66	Mumbai	Gretex Corporate Services Limited -->
Valencia India Limited	Jul 2025	46.49	Advertising and Media - Events	69.63	Ahmedabad	Interactive Financial Services Limited -->
Ace Alpha Tech Limited	Jul 2025	47.15	Information Technology	16.64	Delhi	Narnolia Financial Services Limited -->
Supertech EV Limited	Jul 2025	29.90	Electric Equipments - OEM	23.44	New Delhi	Corporate Makers Capital Limited -->
Suntech Infra Solutions Limited	Jul 2025	42.16	Infrastructure	18.01	New Delhi	GYR Capital Advisors Private Limited -->
Rama Telecom Limited	Jul 2025	25.13	Telecom	16.23	Kolkata	Affinity Global Capital Market Private Limited -->
Shri Hare Krishna Sponge Iron Limited	Jul 2025	29.91	Steel - Iron	12.31	Kolkata	Hem Securities Limited -->
Icon Facilitators Limited	Jul 2025	18.15	Engineering - EPC	15.78	New Delhi	Khambatta Securities Limited -->
AJC Jewel Manufacturers Limited	Jul 2025	15.39	Jewellery	23.01	Ernakulam	Smart Horizon Capital Advisors Private Limited -->
Abram Food Limited	Jul 2025	13.99	Agro	15.52	New Delhi	Corporate Makers Capital Limited -->
Mayasheel Ventures Limited	Jun 2025	27.28	Infrastructure	9.14	New Delhi	Narnolia Financial Services Limited -->
Safe Enterprises Retail Fixtures Limited	Jun 2025	161.13	Corporate Solutions	16.19	Mumbai	Hem Securities Limited -->
Aakaar Medical Technologies Limited	Jun 2025	27.00	Cosmetic	16.90	Mumbai	Indorient Financial Services Limited -->
Influx Healthtech Limited	Jun 2025	58.57	Healthcare	16.63	Mumbai	Rarever Financial Advisors Private Limited -->
Eppeltone Engineers Limited	Jun 2025	43.96	Engineering	14.77	New Delhi	Expert Global Consultants Private Limited -->
Samay Project Services Limited	Jun 2025	14.69	Engineering - EPC	12.89	Chennai	Smart Horizon Capital Advisors Private Limited -->
Patil Automation Limited	Jun 2025	69.61	Engineering	22.38	Pune	Seren Capital Private Limited -->
Aten Papers and Foam Limited	Jun 2025	31.68	Paper and Stationery	12.95	Ahmedabad	Swastika Investmart Limited -->
Monolithisch India Limited	Jun 2025	82.02	Steel - Iron	21.45	Ranchi	Hem Securities Limited -->
Jainik Power Cables Limited	Jun 2025	51.30	Aluminium	17.09	New Delhi	Fast Track Finsec Private Limited -->
Sacheerome Limited	Jun 2025	61.62	Healthcare - Personal Care	14.28	New Delhi	GYR Capital Advisors Private Limited -->
Ganga Bath Fittings Limited	Jun 2025	32.65	Ceramic and Stone	17.68	Rajkot	Jawa Capital Services Private Limited -->
3B FILMS LIMITED	Jun 2025	33.75	Packaging & Disposables	22.12	Vadodara	Nirbhay Capital Services Private Limited -->
NR Vandana Tex Industries Limited	Jun 2025	27.89	Textiles	12.21	Kolkata	Marwadi Chandarana Intermediaries Brokers Private Limited -->
Neptune Petrochemicals Limited	Jun 2025	73.20	Chemical	10.65	Ahmedabad	Beeline Capital Advisors Private Limited -->
Astonea Labs Limited	Jun 2025	37.67	Pharmaceutical	25.94	Chandigarh	Oneview Corporate Advisors Private Limited -->
Nikita Papers Limited	Jun 2025	67.54	Paper and Stationery	12.27	New Delhi	Fast Track Finsec Private Limited -->
Blue Water Logistics Limited	Jun 2025	40.50	Logistics	13.92	Hyderabad	Smart Horizon Capital Advisors Private Limited -->
Unified Data - Tech Solutions Limited	May 2025	144.47	Information Technology	15.87	Mumbai	Hem Securities Limited -->
Dar Credit & Capital Limited	May 2025	25.66	Banking and Finance	14.12	Kolkata	GYR Capital Advisors Private Limited -->
Accretion Pharmaceuticals Limited	May 2025	29.75	Pharmaceutical	35.82	Ahmedabad	Jawa Capital Services Private Limited -->
Integrity Infrabuild Developers Limited	May 2025	12.00	Infrastructure	16.60	Vadodara	Aryaman Financial Services Limited -->
Virtual Galaxy Infotech Limited	May 2025	93.29	Information Technology - SaaS	21.35	Nagpur	Smart Horizon Capital Advisors Private Limited -->
Srigee DLM Limited	May 2025	16.98	Plastic and Polymer	11.43	New Delhi	GYR Capital Advisors Private Limited -->
Manoj Jewellers Limited	May 2025	16.20	Jewellery	9.66	Chennai	Jawa Capital Services Private Limited -->
Kenrik Industries Limited	May 2025	8.75	Jewellery	23.31	Ahmedabad	Turnaround Corporate Advisors Private Limited -->
Arunaya Organics Limited	May 2025	33.99	Chemical - Paint and Adhesives	21.21	Ahmedabad	Unistone Capital Private Limited -->
Iware Supplychain Services Limited	May 2025	27.13	Logistics	12.69	Ahmedabad	Getfive Advisors Private Limited -->
Tankup Engineers Limited	Apr 2025	19.53	Engineering	52.19	Lucknow	Hem Securities Limited -->
Infonative Solutions Limited	Apr 2025	24.71	Information Technology	12.84	New Delhi	Share India Capital Services Private Limited -->
Spinaroo Commercial Limited	Apr 2025	10.17	Aluminium	29.01	Kolkata	Finshore Management Services Limited -->
Retaggio Industries Limited	Apr 2025	15.50	Jewellery	23.98	Mumbai	Gretex Corporate Services Limited -->
Identixweb Limited	Apr 2025	16.63	Information Technology - SaaS	14.07	Surat	Beeline Capital Advisors Private Limited -->
Shri Ahimsa Naturals Limited	Apr 2025	73.81	Agro - Food Products	14.25	Jaipur	Srujan Alpha Capital Advisors Llp -->
ATC Energies System Limited	Apr 2025	63.76	Power and Energy	20.84	Mumbai	Indorient Financial Services Limited -->
Desco Infratech Limited	Apr 2025	30.75	Infrastructure	17.03	Surat	Smart Horizon Capital Advisors Private Limited -->
Active Infrastructures Limited	Mar 2025	77.83	Infrastructure	24.48	Nagpur	Kreo Capital Private Limited -->
Rapid Fleet Management Services Limited	Mar 2025	43.87	Logistics	17.68	Chennai	Gretex Corporate Services Limited -->
Grand Continent Hotels Limited	Mar 2025	74.46	Hotels and Resorts	20.67	Chennai	Indorient Financial Services Limited -->
Divine Hira Jewellers Limited	Mar 2025	31.84	Jewellery	23.50	Mumbai	Horizon Management Private Limited -->
Paradeep Parivahan Limited	Mar 2025	44.86	Logistics	15.07	Orissa	Share India Capital Services Private Limited -->
Super Iron Foundry Limited	Mar 2025	68.05	Steel - Iron	19.89	Kolkata	Horizon Management Private Limited -->
PDP Shipping & Projects Limited	Mar 2025	12.65	Logistics	17.05	Mumbai	Sun Capital Advisory Services (P) Limited -->
NAPS Global India Limited	Mar 2025	11.88	Textiles	19.49	Mumbai	Aryaman Financial Services Limited -->
Balaji Phosphates Limited	Mar 2025	50.11	Minerals	16.72	Indore	Arihant Capital Markets Limited -->
Shreenath Paper Products Limited	Mar 2025	23.36	Paper and Stationery	26.97	Aurangabad	Galactico Corporate Service Limited -->
Nukleus Office Solutions Limited	Mar 2025	31.70	Corporate Solutions	46.82	New Delhi	Sundae Capital Advisors -->
Beezaasan Explotech Limited	Mar 2025	59.93	Chemical	13.57	Gandhinagar	Smart Horizon Capital Advisors Private Limited -->
Swasth Foodtech India Limited	Feb 2025	14.92	Agro - Food Products	15.05	Kolkata	Horizon Management Private Limited -->
HP Telecom India Limited	Feb 2025	34.23	Telecom	12.28	Surat	Interactive Financial Services Limited -->
Tejas Cargo India Limited	Feb 2025	105.84	Logistics	22.95	New Delhi	New Berry Capitals Private Limited -->
Royal Arc Electrodes Limited	Feb 2025	36.00	Cables and Wires	20.98	Mumbai	Fedex Securities Private Limited -->
L.K.Mehta Polymers Limited	Feb 2025	7.38	Plastic and Polymer	48.95	Ratlam	Swastika Investmart Limited -->
Shanmuga Hospital Limited	Feb 2025	20.62	Healthcare - Hospitals and Clinic	11.36	Chennai	Finshore Management Services Limited -->
Maxvolt Energy Industries Limited	Feb 2025	54.00	Electric Equipments	20.57	New Delhi	Smart Horizon Capital Advisors Private Limited -->
PS Raj Steels Limited	Feb 2025	28.28	Steel	13.65	Hisar	Khambatta Securities Limited -->
Voler Car Limited	Feb 2025	27.00	Logistics	20.17	Kolkata	GYR Capital Advisors Private Limited -->
Chandan Healthcare Limited	Feb 2025	107.36	Healthcare - Hospitals and Clinic	16.74	Lucknow	Unistone Capital Private Limited -->
Eleganz Interiors Limited	Feb 2025	78.07	Home Decor	15.41	Mumbai	Vivro Financial Services Private Limited -->
Readymix Construction Machinery Limited	Feb 2025	37.66	Infrastructure	96.85	Pune	Hem Securities Limited -->
Solarium Green Energy Limited	Feb 2025	105.04	Solar	26.36	Ahmedabad	Beeline Capital Advisors Private Limited -->
Amwill Health Care Limited	Feb 2025	59.98	Healthcare - Personal Care	17.04	Bangalore	Unistone Capital Private Limited -->
Ken Enterprises Limited	Feb 2025	83.65	Textiles	16.16	Mumbai	Corporate Makers Capital Limited -->
Chamunda Electrical Limited	Feb 2025	14.60	Power and Energy	14.66	Ahmedabad	GYR Capital Advisors Private Limited -->
Malpani Pipes & Fittings Limited	Feb 2025	25.92	Steel - Tubes and Pipes	12.69	Ratlam	Interactive Financial Services Limited -->
H.M. Electro Mech Limited	Jan 2025	27.74	Engineering - EPC	15.39	Ahmedabad	Beeline Capital Advisors Private Limited -->
GB Logistics Commerce Limited	Jan 2025	25.07	Logistics	16.53	Nagpur	SKI Capital Services Limited -->
CLN Energy Limited	Jan 2025	72.30	Engineering - Automotive	26.95	New Delhi	Aryaman Financial Services Limited -->
Rexpro Enterprises Limited	Jan 2025	53.65	Furniture	21.04	Mumbai	Horizon Management Private Limited -->
Capital Numbers Infotech Limited	Jan 2025	169.37	Information Technology - Data Solutions	23.50	Kolkata	GYR Capital Advisors Private Limited -->
Ema Partners India Limited	Jan 2025	76.01	Human Resources and Manpower	21.98	Mumbai	Indorient Financial Services Limited -->
Landmark Immigration Consultants Limited	Jan 2025	40.34	Corporate Solutions	13.74	Chandigarh	Shreni Shares Limited -->
Rikhav Securities Limited	Jan 2025	88.82	Banking and Finance	3.27	Mumbai	Smart Horizon Capital Advisors Private Limited -->
Kabra Jewels Limited	Jan 2025	40.00	Jewellery	10.16	Ahmedabad	Marwadi Chandarana Intermediaries Brokers Private Limited -->
Barflex Polyfilms Limited	Jan 2025	39.42	Packaging & Disposables	7.34	New Delhi	Almondz Financial Services Limited -->
Sat Kartar Shopping Limited	Jan 2025	33.80	Healthcare - Ayurvedic	20.23	New Delhi	Narnolia Financial Services Limited -->
B.R.Goyal Infrastructure Limited	Jan 2025	85.21	Infrastructure	55.13	Indore	Beeline Capital Advisors Private Limited -->
Delta Autocorp Limited	Jan 2025	54.60	Electric Equipments	24.11	Bardhaman	GYR Capital Advisors Private Limited -->
Avax Apparels And Ornaments Limited	Jan 2025	1.92	Jewellery	4.01	New Delhi	SKI Capital Services Limited -->
Indobell Insulation Limited	Jan 2025	10.14	Engineering	34.18	Kolkata	Finshore Management Services Limited -->
Fabtech Technologies Cleanrooms Limited	Jan 2025	27.74	Furniture	9.69	Mumbai	Vivro Financial Services Private Limited -->
Parmeshwar Metal Limited	Jan 2025	24.74	Metal	9.55	Gandhinagar	Beeline Capital Advisors Private Limited -->
Davin Sons Retail Limited	Jan 2025	8.78	Textiles	19.67	New Delhi	Navigant Corporate Advisors Limited -->
Leo Dryfruits & Spices Trading Limited	Jan 2025	25.12	Agro - Food Products	14.02	Mumbai	Shreni Shares Limited -->
Technichem Organics Limited	Jan 2025	25.25	Chemical	20.15	Ahmedabad	Shreni Shares Limited -->
Citichem India Limited	Jan 2025	12.60	Chemical	59.65	Mumbai	Horizon Management Private Limited -->
Anya Polytech & Fertilizers Limited	Jan 2025	44.80	Chemical - Pesticides	9.26	New Delhi	Beeline Capital Advisors Private Limited -->

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Summary

PE Ratio^*
Highest	48.95
Median	17.56
Lowest	3.27

IPO Size (Cr.)
Highest	169.37
Median	45.39
Lowest	1.92

*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 Mainboard IPO >> 10 Best SME IPOs in India 2025 >>

Mainboard IPOs 2025 >> 10 Best SME IPOs in India 2024 >>

Mainboard IPOs 2024 >> 10 Best SME IPOs in India 2023 >>

City Wise Merchant Bankers >> 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.