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	17.23
Lowest	2.71

IPO Size (Cr.)
Highest	76.28
Median	17.95
Lowest	1.89

*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 2022

SME IPO Performance of All IPO based on IPO 2022 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 2022 for IPO analysis and review. Track the IPO performance 2022 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(%)
Concord Control Systems Limited	Oct 2022	8.32	Engineering - Heavy Machinery	12.14	Hem Securities Limited	55.00	1780.60	3137%
PNGS Gargi Fashion Jewellery Limited	Dec 2022	7.80	Jewellery	6.77	Shreni Shares Limited	30.00	871.85	2806%
Viviana Power Tech Limited	Sep 2022	8.80	Electric Equipments	11.29	Beeline Capital Advisors Private Limited	55.00	1208.00	2096%
Krishna Defence and Allied Industries Limited	Apr 2022	11.89	Defence	18.00	Hem Securities Limited	39.00	850.65	2081%
Baheti Recycling Industries Limited	Dec 2022	12.42	Recycling - Metal	13.55	Hem Securities Limited	45.00	571.60	1170%
AB Cotspin India Limited	Jan 2022	10.09	Textiles	2.71	Pantomath Capital Advisors Private Limited	35.00	434.90	1143%
Empyrean Cashews Limited	Mar 2022	19.41	Agro - Food Products	25.69	Systematix Corporate Services Limited	37.00	398.60	977%
Veekayem Fashion and Apparels Limited	Aug 2022	4.44	Textiles - Fabrics	8.72	GYR Capital Advisors Private Limited	28.00	246.05	779%
Virtuoso Optoelectronics Limited	Sep 2022	30.24	Electric Equipments - OEM	6.92	Fedex Securities Private Limited	56.00	471.10	741%
Olatech Solutions Limited	Aug 2022	1.89	Information Technology - Data Solutions	18.00	Shreni Shares Limited	27.00	205.25	660%
Healthy Life Agritec Limited	Jul 2022	10.00	FMCG	26.31	Finshore Management Services Limited	10.00	70.20	602%
Insolation Energy Limited	Oct 2022	22.16	Solar - Panels	11.41	Holani Consultants Private Limited	38.00	259.65	583%
Fidel Softech Limited	Jun 2022	13.51	Information Technology - Data Solutions	11.15	Shreni Shares Limited	37.00	204.85	454%
Integrated Personnel Services Limited	Nov 2022	12.74	Human Resources and Manpower	12.77	Unistone Capital Private Limited	59.00	289.00	390%
Le Merite Exports Limited	May 2022	48.00	Textiles	11.09	Fedex Securities Private Limited	75.00	336.00	348%
Annapurna Swadisht Limited	Sep 2022	30.25	FMCG - Snacks and Beverages	21.94	Corporate Capital Ventures Private Limited	70.00	299.65	328%
Safa Systems & Technologies Limited	Feb 2022	4.00	Electric Equipments	29.41	Finshore Management Services Limited	10.00	41.90	319%
All E Technologies Limited	Dec 2022	48.20	Information Technology - SaaS	15.36	Unistone Capital Private Limited	90.00	363.75	304%
Kesar India Limited	Jul 2022	15.82	Real Estate	13.87	Fedex Securities Private Limited and Hem Securities Limited	170.00	670.00	294%
Bhatia Colour Chem Limited	Mar 2022	40.00	Chemical	166.00	Interactive Financial Services Limited	80.00	309.90	287%
Jay Jalaram Technologies Limited	Sep 2022	10.80	Electric Equipments - OEM	46.00	Beeline Capital Advisors Private Limited	36.00	131.55	265%
Jeena Sikho Lifecare Limited	Apr 2022	55.50	Pharmaceutical - Ayurvedic	16.67	Fast Track Finsec Private Limited	150.00	538.05	259%
Swaraj Suiting Limited	Mar 2022	10.68	Textiles	10.55	Finshore Management Services Limited	56.00	200.00	257%
KN Agri Resources Limited	Mar 2022	49.38	Agro	5.57	Hem Securities Limited	75.00	260.20	247%
Sonu Infratech Limited	May 2022	8.64	Infrastructure	15.79	Swastika Investmart Limited	36.00	122.70	241%
Ameya Precision Engineers Limited	Sep 2022	7.14	Engineering	16.75	Shreni Shares Limited	34.00	110.00	224%
Arihant Academy Limited	Dec 2022	14.72	Education - Edtech	19.11	Shreni Shares Limited	90.00	284.95	217%
SKP Bearing Industries Limited	Jul 2022	30.80	Engineering	9.49	Shreni Shares Limited	70.00	218.85	213%
Pritika Engineering Components Limited	Dec 2022	9.42	Engineering - Automotive	8.76	GYR Capital Advisors Private Limited	29.00	90.00	210%
Phantom Digital Effects Limited	Oct 2022	29.10	Film and Animation - VFX	6.72	Corporate Capital Ventures Private Limited	95.00	286.10	201%
Shantidoot Infra Services Limited	Sep 2022	4.02	Real Estate	10.37	Gretex Corporate Services Limited	81.00	237.80	194%
Containe Technologies Limited	Sep 2022	2.62	Engineering - Automotive	214.00	Finshore Management Services Limited	15.00	41.44	176%
AMBO Agritec Limited	Dec 2022	10.20	Agro - Food Products	14.22	Finshore Management Services Limited	30.00	81.25	171%
Trident Lifeline Limited	Oct 2022	35.34	Pharmaceutical	51.53	Beeline Capital Advisors Private Limited	101.00	270.00	167%
Kandarp Digi Smart BPO Limited	Sep 2022	8.10	Outsourcing - BPO	28.57	Beeline Capital Advisors Private Limited	30.00	78.60	162%
Quality RO Industries Limited	Feb 2022	2.70	Electric Equipments	113.00	Shreni Shares Limited	51.00	131.50	158%
Agni Green Power Limited	Aug 2022	5.25	Solar	250.00	Finshore Management Services Limited	10.00	25.10	151%
Vaidya Sane Ayurved Laboratories Limited	Feb 2022	20.23	Healthcare - Ayurvedic	28.29	First Overseas Capital Limited	73.00	180.45	147%
Frog Cellsat Limited	Oct 2022	41.57	Telecom	10.93	Sarthi Capital Advisors Private Limited	102.00	249.95	145%
Lloyds Luxuries Limited	Oct 2022	24.00	Healthcare - Personal Care	0.00	Hem Securities Limited	40.00	94.00	135%
B Right Realestate Limited	Jul 2022	44.36	Real Estate	164.52	Gretex Corporate Services Limited	153.00	346.80	127%
Silicon Rental Solutions Limited	Oct 2022	21.15	Information Technology - Hardware	10.73	Hem Securities Limited	78.00	171.80	120%
Nanavati Ventures limited	May 2022	2.18	Jewellery	61.73	First Overseas Capital Limited	50.00	108.15	116%
Cool Caps Industries Limited	Mar 2022	11.63	Plastic and Polymer	16.38	Holani Consultants Private Limited	38.00	80.00	111%
Arham Technologies Limited	Dec 2022	9.58	Electric Equipments - OEM	13.82	Finshore Management Services Limited	42.00	84.10	100%
PE Analytics Limited	Apr 2022	31.60	Information Technology - Data Solutions	14.56	Sarthi Capital Advisors Private Limited	114.00	225.00	97%
Cargotrans Maritime Limited	Oct 2022	4.86	Logistics	7.77	Hem Securities Limited	45.00	88.00	96%
Maruti Interior Products Limited	Feb 2022	11.00	Furniture	12.59	Isk Advisors Private Limited	55.00	105.00	91%
Sunrise Efficient Marketing Limited	Apr 2022	16.70	Electric Equipments	9.70	Fedex Securities Private Limited	121.00	212.00	75%
SP Refractories Limited	Mar 2022	4.92	Cement	9.94	Aryaman Financial Services Limited	90.00	150.25	67%
Mangalam Worldwide Limited	Jul 2022	65.58	Steel	20.12	Beeline Capital Advisors Private Limited	101.00	167.60	66%
Scarnose International Limited	Jun 2022	6.60	Textiles	51.89	Finshore Management Services Limited	55.00	90.70	65%
Shigan Quantum Technologies Limited	Mar 2022	22.70	Engineering - Automotive	12.41	Finshore Management Services Limited	50.00	82.15	64%
Tapi Fruit Processing Limited	Sep 2022	5.21	Agro - Food Products	120.00	Fedex Securities Private Limited	48.00	78.55	64%
Alkosign Limited	Feb 2022	12.15	Electric Equipments	0.00	Shreni Shares Limited	45.00	72.30	61%
Maks Energy Solutions India Limited	Sep 2022	4.00	Engineering	0.00	Sun Capital Advisory Services (P) Limited	20.00	31.40	57%
Modis Navnirman Limited	Jul 2022	22.68	Real Estate	57.32	Aryaman Financial Services Limited	180.00	276.00	53%
Droneacharya Aerial Innovations Limited	Dec 2022	33.97	Drone	45.00	Corporate Capital Ventures Private Limited	54.00	82.50	53%
Mega Flex Plastics Limited	Sep 2022	11.40	Packaging & Disposables	16.19	Finshore Management Services Limited	40.00	60.95	52%
Upsurge Seeds of Agriculture Limited	Aug 2022	22.81	Agro - Food Products	21.35	Finshore Management Services Limited	120.00	174.90	46%
Steelman Telecom Limited	Oct 2022	26.02	Telecom	23.41	Gretex Corporate Services Limited	96.00	135.20	41%
KCK Industries Limited	Jul 2022	4.50	Textiles	12.40	Navigant Corporate Advisors Limited	30.00	42.10	40%
Shashwat Furnishing Solutions Limited	May 2022	2.51	Furniture	53.60	Beeline Capital Advisors Private Limited	45.00	63.08	40%
Dollex Agrotech Limited	Dec 2022	24.39	Agro - Sugar	14.46	Expert Global Consultants Private Limited	35.00	42.50	21%
Jayant Infratech Limited	Jul 2022	6.19	Infrastructure	14.44	Gretex Corporate Services Limited	67.00	80.11	20%
Vedant Asset Limited	Oct 2022	3.00	Banking and Finance	80.00	Hem Securities Limited	40.00	47.50	19%
Timescan Logistics (India) Limited	Jan 2022	4.81	Logistics	10.87	Finshore Management Services Limited	51.00	54.50	7%
Dj Mediaprint & Logistics Limited	Jan 2022	15.00	Logistics	32.22	Finshore Management Services Limited	125.00	119.79	-4%
Sailani Tours N Travels Limited	Jul 2022	1.90	Travel and Tourism	187.50	Gretex Corporate Services Limited	15.00	14.36	-4%
EP Biocomposites Limited	Sep 2022	6.35	Plastic and Polymer	26.20	Aryaman Financial Services Limited	126.00	119.25	-5%
Amiable Logistics (India) Limited	Nov 2022	4.37	Logistics	10.90	Shreni Shares Limited	81.00	73.95	-9%
Eighty Jewellers Limited	Apr 2022	11.07	Jewellery	25.15	Hem Securities Limited	41.00	35.59	-13%
DAPS Advertising Limited	Nov 2022	5.10	Advertising and Media	8.82	Shreni Shares Limited	30.00	24.61	-18%
Uma Converter Limited	Dec 2022	18.41	Packaging & Disposables	10.31	GYR Capital Advisors Private Limited	33.00	26.50	-20%
Ekennis Software Service Limited	Mar 2022	2.88	Information Technology - Data Solutions	11.40	Shreni Shares Limited	72.00	54.30	-25%
Pearl Green Clubs and Resorts Limited	Jul 2022	11.72	Agro - Food Products	53.60	Fast Track Finsec Private Limited	186.00	138.99	-25%
Fone4 Communications (India) Limited	May 2022	6.80	E-Commerce	0.00	Finshore Management Services Limited	10.00	7.25	-28%
Fabino Life Sciences Limited	Jan 2022	3.24	Pharmaceutical	133.00	Aryaman Financial Services Limited	36.00	26.00	-28%
QMS Medical Allied Services Limited	Oct 2022	56.87	Healthcare	20.10	First Overseas Capital Limited	121.00	80.05	-34%
Ascensive Educare Limited	Jan 2022	2.26	Education - Edtech	18.98	GYR Capital Advisors Private Limited	26.00	17.10	-34%
Richa Info Systems Limited	Feb 2022	10.00	Information Technology - Hardware	41.67	Swastika Investmart Limited	125.00	79.70	-36%
Dipna Pharmachem Limited	Sep 2022	15.21	Pharmaceutical	39.00	Interactive Financial Services Limited	38.00	24.21	-36%
Cargosol Logistics Limited	Oct 2022	7.56	Logistics	5.15	Hem Securities Limited	28.00	17.74	-37%
Vital Chemtech Limited	Nov 2022	64.64	Chemical	14.94	Beeline Capital Advisors Private Limited	101.00	58.80	-42%
Precision Metaliks Limited	Feb 2022	21.93	Aluminium	19.32	First Overseas Capital Limited	51.00	26.90	-47%
Silver Pearl Hospitality & Luxury Spaces Limited	Jun 2022	9.00	Hotels and Resorts	120.00	Inventure Merchant Banker Services Private Limited	18.00	8.83	-51%
Globesecure Technologies Limited	Jun 2022	10.13	Information Technology - SaaS	17.90	Fast Track Finsec Private Limited	29.00	13.55	-53%
Cyber Media Research & Services Limited	Oct 2022	14.04	Information Technology	34.95	Swastika Investmart Limited	180.00	83.40	-54%
Mafia Trends Limited	Oct 2022	3.60	Retail	15.21	GYR Capital Advisors Private Limited	28.00	12.97	-54%
Sabar Flex India Limited	Sep 2022	4.48	Packaging & Disposables	9.48	GYR Capital Advisors Private Limited	11.00	4.80	-56%
Maagh Advertising And Marketing Services Limited	Oct 2022	9.12	Advertising and Media	37.50	Inventure Merchant Banker Services Private Limited	60.00	25.42	-58%
Technopack Polymers Limited	Nov 2022	7.87	Plastic and Polymer	10.54	Isk Advisors Private Limited	55.00	23.00	-58%
Reetech International Cargo and Courier Limited	Oct 2022	11.71	Logistics	10.64	Gretex Corporate Services Limited	105.00	37.58	-64%
Swastik Pipe Limited	Oct 2022	62.52	Steel - Tubes and Pipes	11.38	Corporate Capital Ventures Private Limited	100.00	32.50	-68%
Rachana Infrastructure Limited	Jun 2022	76.28	Infrastructure	138.00	Interactive Financial Services Limited	135.00	39.90	-70%
Rite Zone Chemcon India Limited	Nov 2022	8.96	Chemical - Paint and Adhesives	90.36	Expert Global Consultants Private Limited	75.00	22.00	-71%
Dhyaani Tile And Marblez Limited	Apr 2022	2.45	Ceramic and Stone - Marble, Tiles and Granite	15.94	GYR Capital Advisors Private Limited	51.00	14.24	-72%
JFL Life Sciences Limited	Sep 2022	18.17	Pharmaceutical	26.52	GYR Capital Advisors Private Limited	61.00	15.55	-75%
Moxsh Overseas Educon Limited	Dec 2022	10.42	Education - Edtech	50.00	Fedex Securities Private Limited	153.00	38.90	-75%
Goel Food Products Limited	Jun 2022	7.21	FMCG - Snacks and Beverages	10.84	Gretex Corporate Services Limited	72.00	18.23	-75%
Rhetan TMT Limited	Sep 2022	56.00	Steel - Iron	63.64	Aryaman Financial Services Limited	70.00	17.43	-75%
Pace E-Commerce Ventures Limited	Oct 2022	66.53	E-Commerce	429.16	Interactive Financial Services Limited	103.00	23.11	-78%
Achyut Healthcare Limited	Mar 2022	3.60	Pharmaceutical	54.05	GYR Capital Advisors Private Limited	20.00	4.43	-78%
Global Longlife Hospital and Research Limited	May 2022	49.00	Healthcare - Hospitals and Clinic	38.04	Interactive Financial Services Limited	140.00	24.94	-82%
Evoq Remedies Limited	Mar 2022	9.72	Pharmaceutical	33.75	Swastika Investmart Limited	27.00	4.41	-84%
Naturo Indiabull Limited	Sep 2022	10.92	FMCG	28.03	Finshore Management Services Limited	30.00	3.39	-89%
Varanium Cloud Limited	Sep 2022	36.60	Information Technology - SaaS	14.59	First Overseas Capital Limited	122.00	4.30	-96%
Veerkrupa Jewellers Limited	Jul 2022	8.10	Jewellery	75.00	First Overseas Capital Limited	27.00	0.94	-97%
Ishan International Limited	Sep 2022	18.24	Engineering	38.09	First Overseas Capital Limited	80.00	1.00	-99%

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Summary

PE Ratio^*
Highest	50.00
Median	17.23
Lowest	2.71

IPO Size (Cr.)
Highest	76.28
Median	17.95
Lowest	1.89

*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.