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	56.00
Median	29.06
Lowest	10.85

IPO Size (Cr.)
Highest	4473.02
Median	1,322.14
Lowest	77.40

*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.

Mainboard Merchant Banker Performance Tracker 2018

IPO Performance of Merchant Bankers in India on NSE and BSE stock exchanges for Mainboard IPO 2018. List of merchant banks with number of IPO assisted, Total Fundraise, Average PE Ratio, IPO listed in Gain/loss and Current IPO Performance of the BRLM. Latest IPO Performance of Merchant banking company for IPO 2018. IPO Lead managers help business owners in the IPO Listing Process, Pre IPO Funding and IPO valuation for a Successful IPO Listing. Merchant Banker services guide the company in the IPO process and help in DRHP filing, RHP and Final Prospectus.

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Merchant Banker	No of IPOs so far	Total funds raised (Cr.)	Avg PE Ratio	IPO Listed in Gain/Loss	CMP vs Offer Price (Gain/Loss)	CMP vs Listing Price (Gain/Loss)
SBI Capital Markets Limited	7.00	7,536.38	28.26	7 (100%) 0 (0%)	6 (86%) 1 (14%)	6 (86%) 1 (14%)
ICICI Securities Limited	6.00	5,772.71	33.00	6 (100%) 0 (0%)	6 (100%) 0 (0%)	6 (100%) 0 (0%)
Jm Financial Limited	6.00	11,634.78	25.93	6 (100%) 0 (0%)	4 (67%) 2 (33%)	4 (67%) 2 (33%)
Kotak Mahindra Capital Company Limited	6.00	9,885.10	29.67	6 (100%) 0 (0%)	3 (50%) 3 (50%)	3 (50%) 3 (50%)
Idbi Capital Market Services Limited	5.00	2,675.01	18.17	5 (100%) 0 (0%)	4 (80%) 1 (20%)	4 (80%) 1 (20%)
Citigroup Global Markets India Private Limited	5.00	11,622.27	38.60	5 (100%) 0 (0%)	3 (60%) 2 (40%)	3 (60%) 2 (40%)
Edelweiss Financial Services Limited	5.00	7,888.33	38.31	5 (100%) 0 (0%)	5 (100%) 0 (0%)	5 (100%) 0 (0%)
Axis Capital Limited	4.00	7,980.48	31.21	4 (100%) 0 (0%)	3 (75%) 1 (25%)	3 (75%) 1 (25%)
Clsa India Private Limited	3.00	7,855.98	21.00	3 (100%) 0 (0%)	3 (100%) 0 (0%)	3 (100%) 0 (0%)
Idfc Bank Limited	3.00	1,485.13	27.00	3 (100%) 0 (0%)	3 (100%) 0 (0%)	3 (100%) 0 (0%)
IIFL Securities Limited	3.00	5,877.29	36.67	3 (100%) 0 (0%)	2 (67%) 1 (33%)	2 (67%) 1 (33%)
J.P. Morgan India Private Limited	3.00	8,312.03	22.33	3 (100%) 0 (0%)	2 (67%) 1 (33%)	2 (67%) 1 (33%)
Yes Securities (India) Limited	3.00	2,344.31	13.00	3 (100%) 0 (0%)	3 (100%) 0 (0%)	3 (100%) 0 (0%)
Aryaman Financial Services Limited	2.00	233.40	30.00	1 (50%) 1 (50%)	0 (0%) 2 (100%)	0 (0%) 2 (100%)
Axis Bank Limited	2.00	5,453.16	17.50	2 (100%) 0 (0%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)
Bofa Securities India Limited	2.00	6,817.30	31.50	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Credit Suisse Securities (India) Private Limited	2.00	3,076.96	39.00	2 (100%) 0 (0%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)
Goldman Sachs (India) Securities Private Limited	2.00	5,453.16	17.50	2 (100%) 0 (0%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)
Hdfc Bank Limited	2.00	2,196.07	43.00	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Morgan Stanley India Company Private Limited	2.00	4,644.33	28.00	2 (100%) 0 (0%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)
Bnp Paribas	1.00	600.00	40.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Elara Capital (India) Private Limited	1.00	460.51	11.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Jefferies India Private Limited	1.00	424.62	30.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Motilal Oswal Investment Advisors Limited	1.00	1,844.00	24.00	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)

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Summary

PE Ratio^*
Highest	56.00
Median	29.06
Lowest	10.85

IPO Size (Cr.)
Highest	4473.02
Median	1,322.14
Lowest	77.40

*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.

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City wise SME Merchant Banker >> Upcoming SME IPO >>

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.