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

Find More IPO

Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Summary

PE Ratio*
Highest 46.51
Median 9.27
Lowest 3.81
IPO Size (Cr.)
Highest 4326.36
Median 882.67
Lowest 66.00
  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.

Year wise IPO Performance 2023

IPO Performance of All IPO based on IPO 2023 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 2023 for IPO analysis and review. Track the IPO performance 2023 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.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio Merchant Banker Offer Price CMP CMP(%)
Indian Renewable Energy Development Agency Ltd Nov 2023 2150.21 Power and Energy 127.00 Bob Capital Markets Limited and Idbi Capital Market Services Limited and SBI Capital Markets Limited 32.00 157.39 392%
Netweb Technologies India Limited Jul 2023 631.00 Information Technology - Data Solutions 0.00 Equirus Capital Private Limited and IIFL Securities Limited 500.00 1931.40 286%
Signatureglobal India Limited Sep 2023 730.00 Real Estate 0.00 Axis Capital Limited and ICICI Securities Limited and Kotak Mahindra Capital Company Limited 385.00 1246.70 224%
Azad Engineering Limited Dec 2023 740.00 Engineering - Heavy Machinery 10.60 Anand Rathi Securities Limited and Axis Capital Limited and ICICI Securities Limited and SBI Capital Markets Limited 524.00 1634.70 212%
DOMS Industries Limited Dec 2023 1200.00 Paper and Stationery 0.00 Bnp Paribas and ICICI Securities Limited and IIFL Securities Limited and Jm Financial Limited 790.00 2377.40 201%
EMS Limited Sep 2023 321.24 ESG - Waste 0.00 Khambatta Securities Limited 211.00 634.00 200%
Blue Jet Healthcare Limited Nov 2023 840.27 Pharmaceutical 26.07 ICICI Securities Limited and J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited 346.00 1010.20 192%
JSW Infrastructure Limited Oct 2023 2800.00 Logistics 0.00 Axis Capital Limited and Credit Suisse Securities (India) Private Limited and Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Jm Financial Limited and Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited 119.00 307.95 159%
Concord Biotech Limited Aug 2023 1551.00 Pharmaceutical 0.00 Citigroup Global Markets India Private Limited and Jefferies India Private Limited and Kotak Mahindra Capital Company Limited 741.00 1893.90 156%
Zaggle Prepaid Ocean Services Limited Sep 2023 563.38 Information Technology - SaaS 0.00 Equirus Capital Private Limited and ICICI Securities Limited and IIFL Securities Limited and Jm Financial Limited 164.00 414.70 153%
Mankind Pharma Limited May 2023 4326.36 Pharmaceutical 0.00 Axis Capital Limited and IIFL Securities Limited and Jefferies India Private Limited and Kotak Mahindra Capital Company Limited 1080.00 2652.30 146%
Yatharth Hospital and Trauma Care Services Limited Aug 2023 686.55 Healthcare - Hospitals and Clinic 0.00 Ambit Private Limited and IIFL Securities Limited and Intensive Fiscal Services Private Limited 300.00 625.80 109%
SBFC Finance Limited Aug 2023 1025.00 Banking and Finance 0.00 Axis Capital Limited and ICICI Securities Limited and Kotak Mahindra Capital Company Limited 57.00 115.59 103%
Jupiter Life Line Hospitals Limited Sep 2023 869.08 Healthcare - Hospitals and Clinic 0.00 ICICI Securities Limited and Jm Financial Limited and Nuvama Wealth Management Limited 735.00 1490.10 103%
Innova Captab Limited Dec 2023 570.00 Pharmaceutical 22.02 ICICI Securities Limited and Jm Financial Limited 448.00 901.30 101%
Avalon Technologies Limited Apr 2023 865.00 Electric Equipments - OEM 55.54 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and IIFL Securities Limited and Jm Financial Limited and Nomura Financial Advisory And Securities (India) Private Limited 436.00 865.65 99%
Aeroflex Industries Limited Aug 2023 351.00 Engineering 0.00 Pantomath Capital Advisors Private Limited 108.00 214.30 98%
India Shelter Finance Corporation Limited Dec 2023 1200.00 Banking and Finance 8.96 Ambit Private Limited and Citigroup Global Markets India Private Limited and ICICI Securities Limited and Kotak Mahindra Capital Company Limited 493.00 973.65 97%
SAMHI Hotels Limited Sep 2023 1370.10 Hotels and Resorts 0.00 Jm Financial Limited and Kotak Mahindra Capital Company Limited 126.00 245.82 95%
Inox India Limited Dec 2023 1459.32 Engineering - Heavy Machinery 14.31 Axis Capital Limited and ICICI Securities Limited 660.00 1235.20 87%
ASK Automotive Limited Nov 2023 834.00 Automobile 12.30 Axis Capital Limited and ICICI Securities Limited and IIFL Securities Limited and Jm Financial Limited 282.00 525.30 86%
Sah Polymers Limited Jan 2023 66.30 Packaging & Disposables 33.51 Pantomath Capital Advisors Private Limited 65.00 119.37 84%
Cyient DLM Limited Jul 2023 592.00 Electric Equipments 0.00 Axis Capital Limited and Jm Financial Limited 265.00 478.55 81%
Vishnu Prakash R Punglia Limited Sep 2023 308.88 Engineering - EPC 0.00 Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited 99.00 176.99 79%
Ratnaveer Precision Engineering Limited Sep 2023 165.03 Steel - Tubes and Pipes 0.00 Unistone Capital Private Limited 98.00 149.65 53%
Nexus Select Trust- REIT May 2023 3200.00 Real Estate - REIT 0.00 Axis Capital Limited and Bofa Securities India Limited and Citigroup Global Markets India Private Limited and Hsbc Securities & Capital Markets Private limited and J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited and SBI Capital Markets Limited 100.00 148.56 49%
RBZ Jewellers Limited Dec 2023 100.00 Jewellery 34.04 Arihant Capital Markets Limited 100.00 145.07 45%
Tata Technologies Limited Nov 2023 3042.51 Information Technology 43.78 Bofa Securities India Limited and Citigroup Global Markets India Private Limited and Jm Financial Limited 500.00 712.50 43%
RR Kabel Limited Sep 2023 1964.01 Cables and Wires 0.00 Axis Capital Limited and Citigroup Global Markets India Private Limited and Hsbc Securities & Capital Markets Private limited and Jm Financial Limited 1035.00 1471.50 42%
Senco Gold Limited Jul 2023 405.00 Jewellery 14.85 Ambit Private Limited and IIFL Securities Limited and SBI Capital Markets Limited 317.00 369.75 17%
Plaza Wires Limited Oct 2023 71.28 Cables and Wires 0.00 Pantomath Capital Advisors Private Limited 54.00 62.14 15%
Happy Forgings Limited Dec 2023 1008.59 Automobile - Forging and Casting 9.87 Axis Capital Limited and Equirus Capital Private Limited and Jm Financial Limited and Motilal Oswal Investment Advisors Limited 850.00 940.30 11%
Divgi TorqTransfer Systems Limited Mar 2023 412.12 Electric Equipments - OEM 35.16 Equirus Capital Private Limited and Inga Ventures Private Limited 590.00 630.00 7%
Flair Writing Industries Limited Dec 2023 593.00 Paper and Stationery 0.00 Axis Capital Limited and Nuvama Wealth Management Limited 304.00 319.75 5%
Pyramid Technoplast Limited Aug 2023 153.05 Packaging & Disposables 11.34 First Overseas Capital Limited and Pnb Investment Services Limited 166.00 174.41 5%
Manoj Vaibhav Gems 'N' Jewellers Limited Oct 2023 270.20 Jewellery 0.00 Bajaj Capital Limited and Elara Capital (India) Private Limited 215.00 223.20 4%
Udayshivakumar Infra Limited Apr 2023 66.00 Infrastructure 9.67 Saffron Capital Advisors Private Limited 35.00 35.53 2%
Protean eGov Technologies Limited Nov 2023 490.33 Corporate Solutions 46.51 Equirus Capital Private Limited and ICICI Securities Limited and IIFL Securities Limited and Nomura Financial Advisory And Securities (India) Private Limited 792.00 797.00 1%
Gandhar Oil Refinery (India) Limited Nov 2023 500.69 Chemical 10.25 ICICI Securities Limited and Nuvama Wealth Management Limited 169.00 168.90 -0%
Updater Services Limited Oct 2023 640.00 Corporate Solutions 5.93 IIFL Securities Limited and Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited 300.00 293.95 -2%
Cello World Limited Nov 2023 1900.00 Paper and Stationery 41.69 ICICI Securities Limited and IIFL Securities Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited 648.00 620.95 -4%
Global Surfaces Limited Mar 2023 154.98 Ceramic and Stone 21.84 Unistone Capital Private Limited 140.00 129.85 -7%
Utkarsh Small Finance Bank Limited Jul 2023 500.00 Banking and Finance 0.00 ICICI Securities Limited and Kotak Mahindra Capital Company Limited 25.00 23.08 -8%
Suraj Estate Developers Limited Dec 2023 400.00 Real Estate 15.33 Anand Rathi Securities Limited and Iti Capital Limited 360.00 325.80 -10%
Fedbank Financial Services Limited Nov 2023 1092.26 Banking and Finance 16.66 Bnp Paribas and Equirus Capital Private Limited and ICICI Securities Limited and Jm Financial Limited 140.00 125.99 -10%
Honasa (Mamaearth) Consumer Limited Nov 2023 1701.44 Healthcare - Personal Care 25.03 Citigroup Global Markets India Private Limited and J.P. Morgan India Private Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited 324.00 286.45 -12%
ideaForge Technology Limited Jul 2023 567.29 Drone 3.81 IIFL Securities Limited and Jm Financial Limited 672.00 542.75 -19%
Sai Silks (Kalamandir) Limited Sep 2023 1201.00 Textiles 0.00 Hdfc Bank Limited and Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited 222.00 167.47 -25%
IKIO Lighting Limited Jun 2023 606.50 Electric Equipments 0.00 Motilal Oswal Investment Advisors Limited 285.00 209.58 -26%
Valiant Laboratories Limited Oct 2023 152.46 Pharmaceutical 0.00 Unistone Capital Private Limited 140.00 102.79 -27%
TVS Supply Chain Solutions Limited Aug 2023 880.00 Logistics 0.00 Axis Capital Limited and Bnp Paribas and J.P. Morgan India Private Limited and Jm Financial Limited 197.00 134.35 -32%
Rishabh Instruments Limited Sep 2023 490.78 Engineering 0.00 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Mirae Asset Capital Markets (India) Private Limited and Motilal Oswal Investment Advisors Limited 441.00 299.85 -32%
Yatra Online Limited Sep 2023 775.00 Travel and Tourism 0.00 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and IIFL Securities Limited and SBI Capital Markets Limited 142.00 91.07 -36%
Radiant Cash Management Services Limited Jan 2023 256.64 Corporate Solutions 17.34 IIFL Securities Limited and Motilal Oswal Investment Advisors Limited and Yes Securities (India) Limited 94.00 60.10 -36%
IRM Energy Limited Oct 2023 545.40 Oil and Gas 23.54 Bob Capital Markets Limited and Hdfc Bank Limited 505.00 304.55 -40%
Credo Brands Marketing (Mufti) Limited Dec 2023 549.78 Textiles 4.49 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and ICICI Securities Limited and Keynote Financial Services Limited 280.00 168.64 -40%
Muthoot Microfin Limited Dec 2023 960.00 Banking and Finance 0.00 Axis Capital Limited and ICICI Securities Limited and Jm Financial Limited and SBI Capital Markets Limited 291.00 166.11 -43%
ESAF Small Finance Bank Limited Nov 2023 463.00 Banking and Finance 18.69 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and ICICI Securities Limited and Nuvama Wealth Management Limited 60.00 33.35 -44%
Motisons Jewellers Limited Dec 2023 151.09 Jewellery 0.00 Holani Consultants Private Limited 55.00 22.72 -59%
HMA Agro Industries Limited Jul 2023 480.00 Agro 0.00 Aryaman Financial Services Limited 585.00 30.23 -95%

Find More IPO

Summary

PE Ratio*
Highest 46.51
Median 9.27
Lowest 3.81
IPO Size (Cr.)
Highest 4326.36
Median 882.67
Lowest 66.00
  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.

Is your business IPO-ready?

Get expert guidance for a smooth SME IPO process!



Contact Us Us
SME IPO

Is your business IPO-ready?

Get expert guidance for a smooth IPO process!

Contact Us Us
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.

See more >

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