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	20.20
Lowest	4.00

IPO Size (Cr.)
Highest	92.74
Median	16.89
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 2018

SME IPO Performance of All IPO based on IPO 2018 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 2018 for IPO analysis and review. Track the IPO performance 2018 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	2415.50	4138%
Solex Energy Limited	Feb 2018	7.18	Solar	27.00	Swastika Investmart Limited	52.00	1589.00	2956%
Spectrum Electrical Industries Limited	Oct 2018	25.87	Electric Equipments	17.00	Arihant Capital Markets Limited	65.00	1546.80	2280%
Yasho Industries Limited	Apr 2018	28.99	Chemical	28.00	Aryaman Financial Services Limited	100.00	1990.40	1890%
Shree Vasu Logistics Limited	Jun 2018	9.29	Logistics	14.00	Pantomath Capital Advisors Private Limited	45.00	768.50	1608%
A-1 Acid Limited	Oct 2018	18.00	Chemical	24.00	Guiness Corporate Advisors Private Limited	60.00	665.85	1010%
Aaron Industries Limited	Sep 2018	4.78	Engineering	16.00	Gretex Corporate Services Limited	38.00	407.15	971%
Megastar Foods Limited	May 2018	8.04	Agro - Food Products	25.00	Swastika Investmart Limited	30.00	275.60	819%
Manorama Industries Limited	Oct 2018	64.00	Agro	20.00	Pantomath Capital Advisors Private Limited	188.00	1560.20	730%
Dolfin Rubbers Limited	Oct 2018	5.20	Rubber	15.00	Guiness Corporate Advisors Private Limited	26.00	200.40	671%
Macpower CNC Machines Limited	Mar 2018	36.61	Engineering	11.00	Pantomath Capital Advisors Private Limited	140.00	1071.90	666%
Brand Concepts Limited	Jan 2018	12.62	Retail		Sarthi Capital Advisors Private Limited	45.00	343.40	663%
Synergy Green Industries Limited	Sep 2018	26.46	Steel	21.00	Swastika Investmart Limited	70.00	533.85	663%
Taylormade Renewables Limited	Apr 2018	11.34	Solar	20.00	Guiness Corporate Advisors Private Limited	35.00	262.15	649%
Saketh Exim Limited	Aug 2018	9.44	Steel	32.00	Aryaman Financial Services Limited	69.00	510.00	639%
Affordable Robotic & Automation Limited	Jun 2018	31.17	Engineering - Automotive	17.00	Pantomath Capital Advisors Private Limited	85.00	466.55	449%
Parin Furniture Limited	Oct 2018	18.90	Furniture	17.00	Hem Securities Limited	63.00	338.45	437%
Mahickra Chemicals Limited	Apr 2018	5.25	Chemical	37.00	Pantomath Capital Advisors Private Limited	25.00	134.00	436%
Uravi T and Wedge Lamps Limited	Mar 2018	15.00	Engineering - Automotive	17.00	Aryaman Financial Services Limited	100.00	533.70	434%
Shree Krishna Infrastructure Limited	Dec 2018	1.17	Infrastructure	433.00	Finshore Management Services Limited	13.00	65.02	400%
B&B Triplewall Containers Limited	Oct 2018	19.99	Packaging & Disposables	16.00	Gretex Corporate Services Limited	36.00	174.68	385%
SoftTech Engineers Limited	May 2018	22.81	Information Technology - SaaS	17.00	Pantomath Capital Advisors Private Limited	80.00	384.75	381%
Inflame Appliances Limited	Mar 2018	6.48	Engineering	22.00	Swastika Investmart Limited	54.00	257.00	376%
Rudrabhishek Enterprises Limited	Jul 2018	18.73	Infrastructure	27.00	Corporate Capital Ventures Private Limited	41.00	169.04	312%
Power & Instrumentation (Gujarat) Limited	Apr 2018	6.15	Engineering - EPC	12.00	Navigant Corporate Advisors Limited	33.00	124.50	277%
Indo US Bio-Tech Limited	May 2018	7.29	Agro - Food Products	19.00	Swastika Investmart Limited	51.00	191.02	275%
Ultra Wiring Connectivity Systems Limited	Oct 2018	4.82	Automobile	13.00	D And A Financial Services Private Limited	35.00	123.60	253%
Rithwik Facility Management Services Limited	Jan 2018	4.05	Real Estate	64.00	Inventure Merchant Banker Services Private Limited	50.00	162.75	226%
Mac Hotels Limited	Oct 2018	1.94	Hotels and Resorts	18.00	Gretex Corporate Services Limited	24.00	71.00	196%
Arvee Laboratories (India) Limited	Feb 2018	8.91	Chemical - Speciality	52.00	Sarthi Capital Advisors Private Limited	61.00	178.09	192%
Avon Moldplast Limited	Jul 2018	4.51	Furniture	20.00	Turnaround Corporate Advisors Private Limited	51.00	148.26	191%
Roni Households Limited	Dec 2018	3.00	Plastic and Polymer	181.00	Aryaman Financial Services Limited	20.00	58.03	190%
Marine Electricals (India) Limited	Oct 2018	42.87	Electric Equipments	10.00	Aryaman Financial Services Limited	66.00	189.96	188%
Giriraj Civil Developers Limited	Apr 2018	9.00	Infrastructure	18.00	Aryaman Financial Services Limited	100.00	285.95	186%
Innovators Facade Systems Limited	May 2018	40.75	Home Decor	18.00	Pantomath Capital Advisors Private Limited	72.00	201.00	179%
AVG Logistics Limited	Apr 2018	33.06	Logistics	16.00	Systematix Corporate Services Limited	107.00	295.20	176%
Kapston Facilities Management Limited	Apr 2018	21.20	Outsourcing	14.00	Ckp Financial Services Private Limited	92.00	247.66	169%
Sirca Paints India Limited	May 2018	77.92	Chemical - Paint and Adhesives	15.00	Navigant Corporate Advisors Limited	160.00	422.05	164%
BCPL Railway Infrastructure Limited (BRIL)	Oct 2018	17.01	Infrastructure	10.00	Gretex Corporate Services Limited	35.00	89.75	156%
Lagnam Spintex Limited	Sep 2018	24.60	Textiles	12.00	Boi Merchant Bankers Limited and Holani Consultants Private Limited	41.00	102.92	151%
Shreeshay Engineers Limited	Mar 2018	5.40	Real Estate	75.00	Aryaman Financial Services Limited	13.00	32.22	148%
Active Clothing Co Limited	Mar 2018	26.56	Textiles	26.00	Ajcon Global Services Limited	65.00	149.50	130%
Bombay Super Hybrid Seeds Limited	Apr 2018	10.39	Agro - Plantation	73.00	Monarch Networth Capital Limited	60.00	137.95	130%
Sintercom India Limited	Feb 2018	42.55	Engineering - Automotive	27.00	Pantomath Capital Advisors Private Limited	65.00	141.22	117%
Sumit Woods Limited	Sep 2018	18.24	Real Estate	9.00	Mark Corporate Advisors Private Limited	45.00	96.02	113%
Gujarat Hy-Spin Limited	Feb 2018	4.45	Textiles	50.00	Pantomath Capital Advisors Private Limited	10.00	20.50	105%
Ambani Organics Limited	Jul 2018	9.03	Chemical - Speciality	18.00	Aryaman Financial Services Limited	66.00	132.00	100%
South West Pinnacle Exploration Limited	Feb 2018	35.86	Minerals	17.00	Pantomath Capital Advisors Private Limited	78.00	153.37	97%
Sky Gold Limited	Oct 2018	25.56	Jewellery	37.00	Aryaman Financial Services Limited	180.00	326.90	82%
Orissa Bengal Carrier Limited	Apr 2018	16.69	Logistics	9.00	Guiness Corporate Advisors Private Limited	30.00	53.49	78%
Shankar Lal Rampal Dye-Chem Limited	Dec 2018	7.29	Chemical	4.00	Finshore Management Services Limited	45.00	78.38	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%
Marvel Decor Limited	Mar 2018	26.26	Home Decor	34.00	Sarthi Capital Advisors Private Limited	57.00	93.10	63%
MMP Industries Limited	Apr 2018	84.60	Aluminium	20.00	Guiness Corporate Advisors Private Limited	188.00	287.50	53%
Silgo Retail Limited	Oct 2018	4.88	Jewellery	19.00	Aryaman Financial Services Limited	36.00	54.86	52%
Sonam Clock Limited	Jun 2018	10.11	Engineering	12.00	Hem Securities Limited	36.00	53.60	49%
East India Securities Limited	Mar 2018	92.74	Banking and Finance	9.00	Finshore Management Services Limited	920.00	1320.00	43%
Deep Polymers Limited	Aug 2018	15.24	Plastic and Polymer	22.00	Gretex Corporate Services Limited	40.00	56.86	42%
Garv Industries Limited	Apr 2018	3.20	Aluminium	161.00	Aryaman Financial Services Limited	10.00	13.97	40%
DRS Dilip Roadlines Limited	Dec 2018	31.50	Logistics	20.00	Aryaman Financial Services Limited	75.00	103.00	37%
Tara Chand Logistic Solutions Limited	Mar 2018	20.46	Logistics	12.00	Hem Securities Limited	55.00	75.23	37%
Mohini Health & Hygiene Limited	Feb 2018	20.71	Healthcare	11.00	Pantomath Capital Advisors Private Limited	42.00	57.15	36%
Sungold Media and Entertainment Limited	Aug 2018	1.35	Information Technology - Data Solutions	1515.00	Finshore Management Services Limited	10.00	12.72	27%
Hindcon Chemicals Limited	Mar 2018	7.73	Chemical	7.00	Hem Securities Limited	28.00	35.39	26%
Dhruv Consultancy Services Limited	May 2018	23.19	Infrastructure	11.00	Hem Securities Limited	54.00	66.00	22%
Priti International Limited	Jun 2018	5.26	Furniture	18.00	Pantomath Capital Advisors Private Limited	75.00	91.31	22%
Lorenzini Apparels Limited	Feb 2018	4.47	Textiles	12.00	Fedex Securities Private Limited	10.00	12.01	20%
Latteys Industries Limited	Jun 2018	4.44	Engineering	102.00	Gretex Corporate Services Limited	20.00	23.17	16%
AKI India Limited	Oct 2018	3.08	Retail	10.00	Finshore Management Services Limited	11.00	12.05	10%
Continental Seeds and Chemicals Limited	Apr 2018	4.21	Agro - Plantation	17.00	Navigant Corporate Advisors Limited	26.00	28.25	9%
Jhandewalas Foods Limited	Jan 2018	16.01	Agro - Food Products	24.00	Guiness Corporate Advisors Private Limited	55.00	51.39	-7%
Supershakti Metaliks Limited	Jul 2018	60.01	Steel	17.00	Aryaman Financial Services Limited	375.00	350.00	-7%
Palm Jewels Limited	Jun 2018	8.90	Jewellery	46.00	First Overseas Capital Limited	30.00	26.66	-11%
Ashoka Metcast Limited	Feb 2018	12.00	Oil and Gas	26.00	Aryaman Financial Services Limited	20.00	17.05	-15%
Nakoda Group of Industries Limited	Jun 2018	6.48	Agro	18.00	Pantomath Capital Advisors Private Limited	35.00	28.76	-18%
Shubham Polyspin Limited	Oct 2018	6.00	Textiles	15.00	Beeline Capital Advisors Private Limited	40.00	31.94	-20%
Ushanti Colour Chem Limited	Aug 2018	11.56	Chemical	18.00	Pantomath Capital Advisors Private Limited	60.00	46.00	-23%
Innovative Ideals and Services (India) Limited	Oct 2018	12.26	Electric Equipments	15.00	Pantomath Capital Advisors Private Limited	40.00	29.00	-28%
Dr Lalchandani Labs Limited	May 2018	4.20	Healthcare	10.00	Navigant Corporate Advisors Limited	30.00	20.14	-33%
Narmada Agrobase Limited	Apr 2018	7.48	Agro	57.00	Corporate Capital Ventures Private Limited	32.00	21.27	-34%
Angel Fibers Limited	Mar 2018	18.22	Textiles	13.00	Guiness Corporate Advisors Private Limited	27.00	17.73	-34%
Shubhlaxmi Jewel Art Limited	Dec 2018	6.51	Jewellery	24.00	Pantomath Capital Advisors Private Limited	26.00	16.40	-37%
Banka BioLoo Limited	Feb 2018	12.63	Recycling - Waste	74.00	Aryaman Financial Services Limited	115.00	69.15	-40%
S.M. Gold Limited	Oct 2018	7.50	Jewellery	23.00	First Overseas Capital Limited	30.00	16.57	-45%
Advitiya Trade India Limited	Mar 2018	4.31	Aluminium	27.00	Aryaman Financial Services Limited	15.00	8.01	-47%
ShreeOswal Seeds & Chemicals Limited	Jun 2018	11.90	Agro	17.00	Pantomath Capital Advisors Private Limited	26.00	13.82	-47%
Ranjeet Mechatronics Limited	Sep 2018	4.50	Engineering	18.00	Beeline Capital Advisors Private Limited	25.00	13.06	-48%
U.H. Zaveri Limited	May 2018	7.99	Jewellery	20.00	First Overseas Capital Limited	36.00	18.64	-48%
Jakharia Fabric Limited	Jul 2018	19.66	Textiles	29.00	Aryaman Financial Services Limited	180.00	86.55	-52%
Waa Solar Limited	Jun 2018	28.18	Solar	30.00	Guiness Corporate Advisors Private Limited	161.00	74.31	-54%
Akg Exim Limited	Sep 2018	5.52	Agro	20.00	Navigant Corporate Advisors Limited	31.00	13.68	-56%
Ahlada Engineers Ltd	Oct 2018	51.08	Furniture	24.00	Saffron Capital Advisors Private Limited	150.00	65.92	-56%
Add-Shop Promotions Limited	Sep 2018	6.23	Healthcare - Ayurvedic	26.00	Fedex Securities Private Limited	26.00	10.67	-59%
Uniinfo Telecom Services Limited	Mar 2018	20.01	Telecom	13.00	Systematix Corporate Services Limited	55.00	21.96	-60%
Moksh Ornaments Limited	Jan 2018	11.03	Jewellery	12.00	Guiness Corporate Advisors Private Limited	37.00	14.57	-61%
Medico Remedies Limited	Feb 2018	10.99	Pharmaceutical	52.00	Aryaman Financial Services Limited	100.00	39.31	-61%
Iris Clothings Limited	Oct 2018	11.07	Textiles	9.00	Vc Corporate Advisors Private Limited (Vcapl)	90.00	31.13	-65%
Raw Edge Industrial Solutions Ltd	Jul 2018	16.50	Minerals	37.00	Guiness Corporate Advisors Private Limited	72.00	23.84	-67%
Kritika Wires Limited	Oct 2018	15.40	Cables and Wires	12.00	Hem Securities Limited	32.00	9.72	-70%
Ridings Consulting Engineers India Limited	Mar 2018	6.22	Corporate Solutions	25.00	Swastika Investmart Limited	18.00	4.60	-74%
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	15.00	-76%
Rajshree Polypack Limited	Sep 2018	35.52	Plastic and Polymer	15.00	PL Capital Markets Private Limited	120.00	26.55	-78%
Tasty Dairy Specialities Limited	Feb 2018	24.44	Agro - Food Products	19.00	Mark Corporate Advisors Private Limited	45.00	9.77	-78%
Deccan Health Care Limited	Dec 2018	42.12	Pharmaceutical	16.00	Pantomath Capital Advisors Private Limited	100.00	20.99	-79%
Ganesh Films India Limited	Jul 2018	8.42	Advertising and Media	151.00	Fedex Securities Private Limited	80.00	15.50	-81%
Ajooni Biotech Limited	Jan 2018	6.59	Agro	45.00	Navigant Corporate Advisors Limited	30.00	5.76	-81%
Rajnandini Metal Limited	Oct 2018	4.27	Metal	17.00	Corporate Capital Ventures Private Limited	26.00	4.87	-81%
Ganga Forging Limited	Jul 2018	5.00	Automobile - Forging and Casting	32.00	Pantomath Capital Advisors Private Limited	21.00	3.93	-81%
Milestone Furniture Limited	May 2018	14.84	Furniture	34.00	Monarch Networth Capital Limited	45.00	8.35	-81%
Aakash Exploration Services Limited	Apr 2018	10.08	Oil and Gas	41.00	Monarch Networth Capital Limited	56.00	10.17	-82%
Vasa Retail and Overseas Limited	Feb 2018	4.80	Retail	12.00	Hem Securities Limited	30.00	4.90	-84%
Silly Monks Entertainment Limited	Jan 2018	15.12	Advertising and Media	32.00	Aryaman Financial Services Limited	120.00	19.17	-84%
Bhatia Communications & Retail (India) Limited	Feb 2018	24.75	Retail	35.00	Guiness Corporate Advisors Private Limited	150.00	23.02	-85%
Suumaya Lifestyle Limited	Jun 2018	3.40	Textiles	19.00	Gretex Corporate Services Limited	18.00	2.73	-85%
Diksha Greens Limited	Dec 2018	13.32	Furniture	36.00	Finshore Management Services Limited	30.00	4.06	-86%
CKP Leisure Limited	Mar 2018	11.54	Hotels and Resorts	20.00	Aryaman Financial Services Limited	30.00	4.05	-87%
Gautam Gems Limited	Feb 2018	7.56	Jewellery	32.00	First Overseas Capital Limited	36.00	4.75	-87%
Veeram Infra Engineering Limited Limited (VIEL)	Oct 2018	10.74	Real Estate	49.00	First Overseas Capital Limited	51.00	6.57	-87%
S.S. Infrastructure Development Consultants Limited	Apr 2018	17.11	Infrastructure	10.00	Pantomath Capital Advisors Private Limited	40.00	4.80	-88%
A&M Jumbo Bags Limited	Feb 2018	4.00	Packaging & Disposables	36.00	Pantomath Capital Advisors Private Limited	65.00	6.95	-89%
CRP Risk Management Limited	Jan 2018	30.82	Banking and Finance - FinTech	21.00	Inventure Merchant Banker Services Private Limited	60.00	6.18	-90%
Sarveshwar Foods Limited	Mar 2018	54.97	Agro - Food Products	13.00	Asit C. Mehta Investment Interrmediates Limited and Keynote Financial Services Limited	85.00	8.53	-90%
Kshitij Polyline Limited	Oct 2018	8.75	Plastic and Polymer	29.00	Monarch Networth Capital Limited	35.00	3.30	-91%
SKS Textiles Limited	Jan 2018	13.32	Textiles	21.00	Aryaman Financial Services Limited	150.00	13.80	-91%
Kenvi Jewels Limited	Feb 2018	6.70	Jewellery	21.00	First Overseas Capital Limited	36.00	3.31	-91%
Accuracy Shipping Limited	Jun 2018	35.76	Logistics	13.00	Pantomath Capital Advisors Private Limited	84.00	7.70	-91%
Mittal Life Style Ltd	Apr 2018	4.41	Textiles	24.00	Sarthi Capital Advisors Private Limited	21.00	1.74	-92%
Focus Suits Solutions & Services Limited	Feb 2018	6.49	Corporate Solutions	14.00	Pantomath Capital Advisors Private Limited	18.00	1.44	-92%
Bright Solar Limited	Jul 2018	19.44	Solar - Panels	11.00	Swastika Investmart Limited	36.00	2.80	-92%
Dangee Dums Limited	Sep 2018	20.07	FMCG - Snacks and Beverages	49.00	Monarch Networth Capital Limited	74.00	4.97	-93%
Supreme Engineering Ltd	Sep 2018	17.78	Cables and Wires	17.00	Ckp Financial Services Private Limited	27.00	1.76	-93%
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	1.36	-97%
Debock Sales and Marketing Ltd	Jun 2018	8.06	Engineering	53.00	Pantomath Capital Advisors Private Limited	66.00	2.12	-97%
Sun Retail Limited	Oct 2018	10.12	Agro	95.00	Fedex Securities Private Limited	23.00	0.49	-98%
Shree Ram Protiens Ltd	Feb 2018	19.90	Agro	86.00	Pantomath Capital Advisors Private Limited	31.00	0.63	-98%
Godha Cabcon & Insulation Limited	May 2018	9.90	Engineering	12.00	Mark Corporate Advisors Private Limited	33.00	0.66	-98%
Akshar Spintex Limited	May 2018	26.99	Textiles	20.00	Pantomath Capital Advisors Private Limited	40.00	0.56	-99%
Rajnish Wellness Limited	Jul 2018	11.98	Healthcare - Personal Care	25.00	Navigant Corporate Advisors Limited	95.00	0.91	-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%

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Summary

PE Ratio^*
Highest	50.00
Median	20.20
Lowest	4.00

IPO Size (Cr.)
Highest	92.74
Median	16.89
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.