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	50.00
Median	19.36
Lowest	4.00

IPO Size (Cr.)
Highest	58.50
Median	13.26
Lowest	1.54

*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 2017

SME IPO Performance of All IPO based on IPO 2017 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 2017 for IPO analysis and review. Track the IPO performance 2017 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(%)
DP Abhushan Limited	Oct 2017	16.61	Jewellery	7.00	Hem Securities Limited	28.00	1620.30	5687%
AKM Lace & Embrotex Limited	Sep 2017	4.76	Textiles	53.00	Aryaman Financial Services Limited	25.00	910.85	3543%
RMC Switchgears Limited	Mar 2017	4.15	Electric Equipments	8.00	Hem Securities Limited	27.00	850.25	3049%
Beta Drugs Limited	Oct 2017	19.52	Pharmaceutical	14.00	Pantomath Capital Advisors Private Limited	85.00	1682.00	1879%
Shree Ganesh Remedies Limited	Oct 2017	8.55	Chemical	12.00	Fedex Securities Private Limited	36.00	602.95	1575%
Krishana Phoschem Limited	Feb 2017	19.73	Chemical	12.00	Hem Securities Limited	30.00	486.35	1521%
ICE Make Refrigeration Limited	Dec 2017	23.71	Electric Equipments	15.00	Vivro Financial Services Private Limited	57.00	804.15	1311%
Shree Tirupati Balajee FIBC Limited	Oct 2017	10.80	Plastic and Polymer	14.00	Pantomath Capital Advisors Private Limited	40.00	490.00	1125%
Dynamic Cables Limited	Dec 2017	23.38	Ceramic and Stone - Marble, Tiles and Granite	11.00	Hem Securities Limited	40.00	467.15	1068%
IRIS Business Services Limited	Oct 2017	16.01	Information Technology - Data Solutions	0.00	Pantomath Capital Advisors Private Limited	34.00	376.80	1008%
RM Drip & Sprinklers Systems Limited	Oct 2017	11.46	Engineering	28.00	Pantomath Capital Advisors Private Limited	57.00	590.00	935%
Zota Health Care Limited	May 2017	58.50	Pharmaceutical	40.00	Pantomath Capital Advisors Private Limited	125.00	1204.70	864%
Pashupati Cotspin Limited	Sep 2017	1.54	Textiles	5.70	Hem Securities Limited	75.00	690.40	821%
Zodiac Energy Limited	Dec 2017	10.14	Power and Energy	19.00	Swastika Investmart Limited	52.00	472.95	810%
Creative Peripherals & Distribution Limited	Apr 2017	13.50	Electric Equipments	46.00	Pantomath Capital Advisors Private Limited	75.00	664.15	786%
Innovana Thinklabs Limited	Dec 2017	7.70	Information Technology - Data Solutions	25.00	Swastika Investmart Limited	70.00	598.20	755%
InfoBeans Technologies Limited	May 2017	36.78	Information Technology	13.00	Sarthi Capital Advisors Private Limited	58.00	423.60	630%
Univastu India Limited	Jul 2017	5.99	Engineering - EPC	17.00	Inventure Merchant Banker Services Private Limited	40.00	288.49	621%
Trident Texofab Limited	Oct 2017	3.53	Textiles	35.00	Guiness Corporate Advisors Private Limited	30.00	214.85	616%
Chemcrux Enterprises Limited	Mar 2017	2.40	Chemical	4.00	Pantomath Capital Advisors Private Limited	18.00	128.15	612%
Escorp Asset Management Limited	Apr 2017	3.24	Banking and Finance	166.00	Aryaman Financial Services Limited	15.00	98.36	556%
Captain Technocast Limited	Aug 2017	5.70	Metal	15.00	Hem Securities Limited	40.00	260.00	550%
Silver Touch Technologies Limited	Dec 2017	40.22	Information Technology - Data Solutions	18.00	Chartered Capital And Investment Limited	121.00	711.80	488%
Gautam Exim Limited	Jul 2017	3.32	Retail	14.00	Pantomath Capital Advisors Private Limited	40.00	232.00	480%
Manomay Tex India Limited	Mar 2017	11.41	Textiles	11.00	Pantomath Capital Advisors Private Limited	30.00	167.29	458%
Felix Industries Limited	Dec 2017	4.79	Recycling - Waste	45.00	Monarch Networth Capital Limited	35.00	183.05	423%
Jash Engineering Limited	Oct 2017	48.01	Engineering - EPC	14.00	Systematix Corporate Services Limited	120.00	611.20	409%
Servotech Power Systems Limited	Aug 2017	15.13	Electric Equipments	11.00	Sarthi Capital Advisors Private Limited	31.00	145.12	368%
Ashok Masala Mart Limited	Aug 2017	2.01	Agro	43.00	Navigant Corporate Advisors Limited	10.00	46.00	360%
Share India Securities Limited	Oct 2017	26.37	Banking and Finance	12.00	Hem Securities Limited	41.00	177.20	332%
Omfurn India Limited	Oct 2017	4.17	Furniture	9.70	Sarthi Capital Advisors Private Limited	23.00	97.50	324%
KMS Medisurgi Limited	Apr 2017	2.70	Healthcare	60.00	Navigant Corporate Advisors Limited	30.00	126.90	323%
Prolife Industries Limited	Jan 2017	4.22	Chemical	22.00	Swastika Investmart Limited	38.00	156.00	311%
Sarthak Metals Limited	Mar 2017	10.91	Metal	8.00	Guiness Corporate Advisors Private Limited	30.00	122.50	308%
Sheetal Cool Products Limited	Oct 2017	24.00	Agro - Food Products	36.00	Guiness Corporate Advisors Private Limited	80.00	302.50	278%
Worth Peripherals Limited	Sep 2017	18.28	Packaging & Disposables	9.00	Pantomath Capital Advisors Private Limited	43.00	144.93	237%
Panache Digilife Limited	Apr 2017	14.58	Information Technology	25.00	Pantomath Capital Advisors Private Limited	81.00	256.09	216%
Airo Lam Limited	Oct 2017	15.20	Furniture	22.00	Pantomath Capital Advisors Private Limited	38.00	117.47	209%
DP Wires Limited	Oct 2017	26.88	Plastic and Polymer	20.00	Sarthi Capital Advisors Private Limited	75.00	228.87	205%
Ratnabhumi Developers Limited	Dec 2017	23.31	Real Estate	315.00	Corporate Capital Ventures Private Limited	63.00	191.45	204%
Euro India Fresh Foods Limited	Mar 2017	51.26	FMCG - Snacks and Beverages	0.00	Pantomath Capital Advisors Private Limited	78.00	236.00	203%
Prime Customer Services Limited	Mar 2017	7.28	Corporate Solutions	41.00	Aryaman Financial Services Limited	60.00	169.05	182%
Dev Information Technology Limited	Apr 2017	6.25	Information Technology	10.00	Hem Securities Limited	42.00	111.65	166%
Touchwood Entertainment Limited	Dec 2017	4.21	Advertising and Media - Events	19.00	Corporate Capital Ventures Private Limited	40.00	101.09	153%
Sikko Industries Ltd	Apr 2017	5.12	Chemical	17.00	Swastika Investmart Limited	32.00	75.12	135%
Focus Lighting And Fixtures Limited	Apr 2017	4.05	Electric Equipments	5.00	Sarthi Capital Advisors Private Limited	45.00	103.63	130%
Geekay Wires Limited	Aug 2017	11.00	Cables and Wires	42.00	Aryaman Financial Services Limited	33.00	72.53	120%
Nitiraj Engineers Limited	Mar 2017	22.01	Electric Equipments	9.00	Arihant Capital Markets Limited	100.00	214.90	115%
Meera Industries Limited	May 2017	3.89	Textiles	12.00	Guiness Corporate Advisors Private Limited	36.00	71.53	99%
Aarvi Encon Limited	Oct 2017	21.24	Human Resources and Manpower	15.00	Sarthi Capital Advisors Private Limited	54.00	106.48	97%
Steel City Securities Limited	Feb 2017	26.99	Corporate Solutions	14.00	Keynote Financial Services Limited	55.00	107.15	95%
Jigar Cables Limited	Jul 2017	5.59	Cables and Wires	0.00	Pantomath Capital Advisors Private Limited	30.00	57.45	92%
Total Transport Systems Limited	Aug 2017	17.01	Logistics	11.00	Sarthi Capital Advisors Private Limited	45.00	81.10	80%
MRC Exim Limited	Dec 2017	4.50	Steel	150.00	Inventure Merchant Banker Services Private Limited	15.00	25.31	69%
RKEC Projects Limited	Oct 2017	28.70	Infrastructure	8.20	Hem Securities Limited	45.00	74.98	67%
Tanvi Foods (India) Limited	Mar 2017	6.60	FMCG - Snacks and Beverages	24.00	Aryaman Financial Services Limited	60.00	96.80	61%
Laxmi Cotspin Limited	Mar 2017	9.60	Textiles	8.00	Hem Securities Limited	20.00	28.10	41%
ASL Industries Limited	Apr 2017	9.80	Automobile - Forging and Casting	140.00	Guiness Corporate Advisors Private Limited	35.00	48.45	38%
Diggi Multitrade Limited	Dec 2017	3.38	Banking and Finance	26.00	Gretex Corporate Services Limited	13.00	17.10	32%
Reliable Data Services Limited	Oct 2017	14.82	Information Technology - Data Solutions	30.00	Swastika Investmart Limited	57.00	74.28	30%
Siddharth Education Services Limited	Oct 2017	10.88	Banking and Finance	39.00	Gretex Corporate Services Limited	35.00	44.43	27%
Surevin BPO Services Limited	Aug 2017	3.65	Outsourcing - BPO	6.51	Hem Securities Limited	40.00	44.91	12%
Yug Decor Limited	May 2017	2.88	Plastic and Polymer	44.00	Gretex Corporate Services Limited	26.00	29.00	12%
Manas Properties Limited	Mar 2017	39.96	Real Estate	79.00	Aryaman Financial Services Limited	360.00	390.00	8%
Super Fine Knitters Limited	Feb 2017	4.08	Textiles	14.00	Guiness Corporate Advisors Private Limited	12.00	12.19	2%
Cadsys (India) Limited	Oct 2017	14.70	Information Technology	4.80	Saffron Capital Advisors Private Limited	70.00	69.50	-1%
Shradha Infraprojects (Nagpur) Limited	Dec 2017	18.93	Real Estate	11.00	Aryaman Financial Services Limited	70.00	68.00	-3%
ANI Integrated Services Limited	Nov 2017	25.66	Human Resources and Manpower	12.00	Hem Securities Limited	100.00	97.10	-3%
Vertoz Advertising Limited	Nov 2017	17.11	Advertising and Media	16.00	Guiness Corporate Advisors Private Limited	108.00	101.98	-6%
Bhakti Gems and Jewellery Limited	May 2017	3.92	Jewellery	25.00	Guiness Corporate Advisors Private Limited	20.00	18.43	-8%
Maheshwari Logistics Limited	Jan 2017	27.17	Logistics	10.00	Pantomath Capital Advisors Private Limited	68.00	62.54	-8%
Milton Industries Limited	Oct 2017	14.28	Furniture	12.00	Swastika Investmart Limited	34.00	28.90	-15%
Madhya Pradesh Today Media Limited	Sep 2017	14.17	Advertising and Media	12.90	Mark Corporate Advisors Private Limited	66.00	54.55	-17%
Poojawestern Metaliks Limited	Oct 2017	5.48	Metal		Pantomath Capital Advisors Private Limited	36.00	29.36	-18%
Pulz Electronics Limited	Nov 2017	3.92	Electric Equipments	9.22	Sarthi Capital Advisors Private Limited	54.00	43.90	-19%
Oceanic Foods Limited	Mar 2017	6.50	Agro - Food Products	32.00	Pantomath Capital Advisors Private Limited	65.00	52.65	-19%
Lexus Granito (India) Limited	Aug 2017	25.92	Ceramic and Stone - Marble, Tiles and Granite	17.00	Pantomath Capital Advisors Private Limited	45.00	34.66	-23%
One Point One Solutions Limited	Dec 2017	44.38	Education	23.00	Pantomath Capital Advisors Private Limited	67.00	50.20	-25%
Vadivarhe Speciality Chemicals Limited	Jun 2017	14.46	Chemical - Speciality	9.00	Hem Securities Limited	42.00	30.00	-29%
Ace Integrated Solutions Limited	Jul 2017	7.20	Corporate Solutions	25.00	D And A Financial Services Private Limited	40.00	26.05	-35%
Airan Limited	Mar 2017	14.85	Information Technology - Data Solutions	25.00	Swastika Investmart Limited	45.00	29.18	-35%
Madhav Copper Limited	Feb 2017	4.48	Cables and Wires	14.00	Pantomath Capital Advisors Private Limited	81.00	51.94	-36%
Innovative Tyres & Tubes Limited	Oct 2017	28.34	Engineering - Automotive	19.00	Pantomath Capital Advisors Private Limited	45.00	27.04	-40%
Transwind Infrastructures Limited	Jul 2017	7.29	Infrastructure	30.00	Swastika Investmart Limited	27.00	15.95	-41%
Vanta Bioscience Limited	Oct 2017	7.56	Pharmaceutical	0.00	Inventure Merchant Banker Services Private Limited	50.00	28.57	-43%
Manav infra projects Limited	Sep 2017	5.51	Infrastructure	20.00	Navigant Corporate Advisors Limited	30.00	16.20	-46%
Keerti Knowledge And Skills Limited	Aug 2017	4.06	Information Technology	30.00	Navigant Corporate Advisors Limited	52.00	27.79	-47%
Shri Ram Switchgears Limited	Jun 2017	5.07	Electric Equipments	9.80	Sarthi Capital Advisors Private Limited	19.00	10.10	-47%
Pure Giftcarat Limited	May 2017	7.45	Jewellery	185.00	Navigant Corporate Advisors Limited	13.00	6.83	-47%
Riddhi Corporate Services Limited	Jun 2017	12.35	Telecom	16.00	Gretex Corporate Services Limited	130.00	62.82	-52%
Sanginita Chemicals Limited	Mar 2017	10.05	Chemical	26.00	Swastika Investmart Limited	22.00	10.53	-52%
Maximus International Limited	Mar 2017	3.77	Chemical	34.00	Aryaman Financial Services Limited	25.00	11.52	-54%
Global Education Limited	Mar 2017	10.25	Education - Edtech	6.00	Hem Securities Limited	150.00	63.51	-58%
Mehai Technology Limited	Oct 2017	6.00	Electric Equipments	44.00	Spa Capital Advisors Limited	40.00	15.61	-61%
ANG Lifesciences India Limited	Sep 2017	12.01	Pharmaceutical	14.00	Guiness Corporate Advisors Private Limited	80.00	31.13	-61%
Sharika Enterprises Limited	Nov 2017	13.87	Engineering - EPC	16.00	Skyline Financial Services Private Limited	43.00	16.54	-62%
Accord Synergy Limited	Jul 2017	5.83	Telecom	7.00	Hem Securities Limited	60.00	22.80	-62%
Goldstar Power Limited	Oct 2017	7.25	Electric Equipments	29.00	Pantomath Capital Advisors Private Limited	25.00	9.45	-62%
Kaarya Facilities & Services Limited	Oct 2017	6.40	Corporate Solutions	23.00	First Overseas Capital Limited	40.00	13.16	-67%
Shanti Overseas (India) Limited	Aug 2017	10.02	Agro - Food Products	9.70	Hem Securities Limited	50.00	14.58	-71%
Octaware Technologies Limited	Apr 2017	8.60	Information Technology - Data Solutions	14.00	Aryaman Financial Services Limited	90.00	25.46	-72%
7NR Retails Limited	Jul 2017	5.12	Textiles	50.00	Guiness Corporate Advisors Private Limited	27.00	7.51	-72%
Dhruv Wellness Limited	Sep 2017	5.57	Pharmaceutical	52.00	Gretex Corporate Services Limited	20.00	5.32	-73%
Shish Industries Limited	Sep 2017	4.06	Packaging & Disposables	150.00	Corporate Capital Ventures Private Limited	30.00	7.78	-74%
Global Space Technologies Limited	Aug 2017	20.02	Information Technology - SaaS	74.00	Choice Capital Advisors Private Limited	66.00	15.68	-76%
Akash Infra Projects Limited	Mar 2017	25.50	Infrastructure	34.00	Tipsons Consultancy Services Private Limited	125.00	28.27	-77%
SMVD Ploy Pack Limited	Dec 2017	9.02	Packaging & Disposables	15.00	Corporate Capital Ventures Private Limited	55.00	12.00	-78%
Sanghvi Brands Limited	Nov 2017	18.96	Healthcare - Personal Care	0.00	Sarthi Capital Advisors Private Limited	69.00	14.17	-79%
Libas Designs Limited	Jan 2017	13.60	Textiles	48.00	Sarthi Capital Advisors Private Limited	68.00	13.57	-80%
Veeram Ornaments Limited	Jan 2017	5.12	Jewellery	17.00	Gretex Corporate Services Limited	45.00	8.85	-80%
Vaishali Pharma Limited	Aug 2017	14.23	Pharmaceutical	72.00	Pantomath Capital Advisors Private Limited	72.00	12.77	-82%
Jalan Transolutions (India) Limited	May 2017	17.71	Logistics	16.00	Navigant Corporate Advisors Limited and Sarthi Capital Advisors Private Limited	46.00	7.25	-84%
Bohra Industries Limited	Apr 2017	25.15	Chemical	16.00	Pantomath Capital Advisors Private Limited	55.00	6.00	-89%
MK Proteins Limited	Apr 2017	10.23	Agro - Food Products	53.00	Sarthi Capital Advisors Private Limited	70.00	7.27	-90%
Shreeji Translogistics Limited	Oct 2017	12.40	Logistics	28.70	Aryaman Financial Services Limited	130.00	12.86	-90%
Ambition Mica Limited	Nov 2017	12.60	Furniture	37.00	Pantomath Capital Advisors Private Limited	42.00	3.10	-93%
A&M Febcon Limited	Sep 2017	6.68	Engineering	36.00	Gretex Corporate Services Limited	18.00	0.95	-95%
CMM Infraprojects Limited	Oct 2017	18.18	Infrastructure	10.00	Systematix Corporate Services Limited	40.00	1.90	-95%
Globe Textiles (India) Limited	Jun 2017	13.71	Textiles	15.00	Hem Securities Limited	51.00	2.39	-95%
IFL Enterprises Limited	Mar 2017	3.25	Banking and Finance	11.00	Aryaman Financial Services Limited	20.00	0.89	-96%
Nouritrans Exim Limited	Sep 2017	6.12	Agro	61.00	First Overseas Capital Limited	30.00	1.02	-97%
GG Engineering Limited	Jul 2017	2.23	Engineering	285.00	Navigant Corporate Advisors Limited	20.00	0.58	-97%
Shrenik Limited	Jul 2017	21.60	Retail	19.00	Pantomath Capital Advisors Private Limited	40.00	0.58	-99%
SecUR Credentials Limited	Nov 2017	30.07	Corporate Solutions	20.00	Inventure Merchant Banker Services Private Limited	205.00	1.56	-99%
Kids Medical Systems Limited	Dec 2017	6.00	Healthcare - Hospitals and Clinic	31.00	Gretex Corporate Services Limited	30.00	0.00	-100%
Tirupati Forge Limited	Oct 2017	5.22	Engineering - Automotive	33.00	Pantomath Capital Advisors Private Limited	29.00	0.00	-100%
Sri Krishna Metcom Limited	Sep 2017	19.25	Agro - Food Products	70.00	Microsec Capital Limited	55.00	0.00	-100%
Bansal Multiflex Limited	Jul 2017	6.20	Textiles	44.00	Pantomath Capital Advisors Private Limited	31.00	0.00	-100%
Pushpanjali Realms & Infratech Limited	Jul 2017	14.55	Real Estate	35.00	Sarthi Capital Advisors Private Limited	55.00	0.00	-100%
CKP Products Limited	May 2017	6.24	Agro - Food Products	11.00	Aryaman Financial Services Limited	50.00	0.00	-100%
Relstruct Buildcon Limited	Apr 2017	23.36	Real Estate	16600.00	Monarch Networth Capital Limited	50.00	0.00	-100%
Jash Dealmark Limited	Mar 2017	5.40	FMCG	71.00	Gretex Corporate Services Limited	40.00	0.00	-100%

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Summary

PE Ratio^*
Highest	50.00
Median	19.36
Lowest	4.00

IPO Size (Cr.)
Highest	58.50
Median	13.26
Lowest	1.54

*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.