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 48.41
Median 19.04
Lowest 4.16
IPO Size (Cr.)
Highest 105.14
Median 26.94
Lowest 2.03
  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.

SME IPO Performance 2023

SME IPO Performance of All IPO based on IPO 2023 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 2023 for IPO analysis and review. Track the IPO performance 2023 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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2012
Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio Merchant Banker Offer Price CMP CMP(%)
Oriana Power Limited Aug 2023 59.66 Solar - Panels 20.70 Corporate Capital Ventures Private Limited 118.00 2391.50 1927%
Trident Techlabs Limited Dec 2023 16.03 Engineering - Tech Solutions 13.62 GYR Capital Advisors Private Limited 35.00 499.05 1326%
Gayatri Rubbers and Chemicals Limited Feb 2023 4.58 Rubber 23.62 Khambatta Securities Limited 30.00 417.00 1290%
RBM Infracon Limited Jan 2023 8.37 Engineering - EPC 11.61 Beeline Capital Advisors Private Limited 36.00 485.85 1250%
AMIC Forging Limited Dec 2023 34.80 Automobile - Forging and Casting 9.18 Gretex Corporate Services Limited 126.00 1617.95 1184%
ITCONS E-Solutions Limited Mar 2023 8.67 Human Resources and Manpower 12.09 Finshore Management Services Limited 51.00 536.95 953%
Sahana System Limited Jun 2023 32.74 Information Technology - Data Solutions 16.88 Interactive Financial Services Limited and Unistone Capital Private Limited 135.00 1327.55 883%
Karnika Industries Limited Oct 2023 25.07 Textiles - Fabrics 11.06 Beeline Capital Advisors Private Limited 76.00 712.40 837%
Vinyas Innovative Technologies Limited Oct 2023 54.66 Electric Equipments - OEM 28.30 Sarthi Capital Advisors Private Limited 165.00 1346.80 716%
Exhicon Events Media Solutions Limited Apr 2023 21.12 Advertising and Media - Events 8.08 Share India Capital Services Private Limited 64.00 502.45 685%
Macfos Limited Mar 2023 23.74 Electric Equipments 15.22 Hem Securities Limited 102.00 696.60 583%
S.V.J. Enterprises Limited Mar 2023 6.12 Packaging & Disposables 12.90 First Overseas Capital Limited 36.00 214.00 494%
Bondada Engineering Limited Aug 2023 42.72 Engineering - EPC 8.88 Vivro Financial Services Private Limited 75.00 439.05 485%
Infollion Research Services Limited Jun 2023 21.45 Human Resources and Manpower 14.24 Holani Consultants Private Limited 82.00 452.85 452%
Sunita Tools limited Oct 2023 22.04 Engineering 24.17 Aryaman Financial Services Limited 145.00 800.00 452%
Cosmic CRF Limited Jun 2023 57.21 Steel 35.64 Horizon Management Private Limited 314.00 1619.60 416%
Vasa Denticity Limited Jun 2023 54.07 Healthcare 30.62 Hem Securities Limited 128.00 631.25 393%
Krishca Strapping Solutions Limited May 2023 17.93 Steel 7.26 Share India Capital Services Private Limited 54.00 266.20 393%
Kody Technolab Limited Sep 2023 27.52 Information Technology - Data Solutions 32.06 Beeline Capital Advisors Private Limited 160.00 764.00 378%
Veefin Solutions Limited Jul 2023 46.73 Banking and Finance - FinTech 41.41 Shreni Shares Limited 82.00 368.35 349%
Basilic Fly Studio Limited Sep 2023 66.35 Film and Animation - VFX 8.08 GYR Capital Advisors Private Limited 97.00 433.10 346%
Khazanchi Jewellers Limited Aug 2023 97.00 Jewellery 45.75 Mark Corporate Advisors Private Limited 140.00 591.75 323%
CPS Shapers Limited Sep 2023 11.10 Textiles 15.78 Shreni Shares Limited 185.00 771.00 317%
SAR Televenture Limited Nov 2023 24.75 Telecom 10.72 Pantomath Capital Advisors Private Limited 55.00 227.40 313%
Anlon Technology Solutions Limited Jan 2023 15.00 Engineering 11.71 GYR Capital Advisors Private Limited 100.00 413.00 313%
Essen Speciality Films Limited Jul 2023 66.33 Plastic and Polymer 16.50 GYR Capital Advisors Private Limited 107.00 438.90 310%
Kaka Industries Limited Jul 2023 21.23 Plastic and Polymer 11.03 Hem Securities Limited 58.00 233.00 302%
Goyal Salt limited Oct 2023 18.63 Chemical - Salt 19.19 Holani Consultants Private Limited 38.00 152.00 300%
CFF Fluid Control Limited Jun 2023 85.80 Engineering - Heavy Machinery 33.54 Aryaman Financial Services Limited 165.00 654.20 296%
Lead Reclaim and Rubber Products Limited Feb 2023 4.88 Rubber 25.77 Fedex Securities Private Limited 25.00 98.75 295%
Kalyani Cast Tech Limited Nov 2023 30.11 Automobile - Forging and Casting 8.49 Gretex Corporate Services Limited 139.00 533.15 284%
Srivari Spices and Foods Limited Aug 2023 9.00 Agro - Flour Mill 9.59 GYR Capital Advisors Private Limited 42.00 160.85 283%
Chaman Metallics Limited Jan 2023 24.21 Steel - Iron 6.73 Hem Securities Limited 38.00 144.65 281%
Meson Valves India Limited Sep 2023 31.09 Valves 22.92 Shreni Shares Limited 102.00 370.15 263%
SJ Logistics (India) Limited Dec 2023 48.00 Logistics 9.72 Hem Securities Limited 125.00 438.65 251%
Supreme Power Equipment Limited Dec 2023 46.67 Electric Equipments - Transformers 11.00 Narnolia Financial Services Limited 65.00 223.45 244%
MOS Utility Limited Apr 2023 49.97 Banking and Finance - FinTech 48.41 Unistone Capital Private Limited 76.00 258.55 240%
E Factor Experiences Limited Oct 2023 25.92 Advertising and Media 12.89 Hem Securities Limited 75.00 255.00 240%
Pramara Promotions Limited Sep 2023 15.27 Corporate Solutions - Gifts 25.61 Fedex Securities Private Limited 63.00 204.00 224%
Maitreya Medicare Limited Nov 2023 14.89 Healthcare - Hospitals and Clinic 10.92 GYR Capital Advisors Private Limited 82.00 260.90 218%
Holmarc Opto-Mechatronics Limited Sep 2023 11.40 Engineering 11.30 Finshore Management Services Limited 40.00 126.95 217%
Siyaram Recycling Industries Limited Dec 2023 22.96 Recycling - Metal 10.90 Hem Securities Limited 46.00 142.80 210%
Sungarner Energies Limited Aug 2023 5.31 Electric Equipments 25.94 Fast Track Finsec Private Limited 83.00 256.25 209%
De Neers Tools Limited May 2023 22.99 Steel - Tools 13.10 Khambatta Securities Limited and Share India Capital Services Private Limited 101.00 304.40 201%
Committed Cargo Care Limited Oct 2023 24.98 Logistics 12.84 Fedex Securities Private Limited 77.00 231.00 200%
Master Components Limited Sep 2023 15.43 Plastic and Polymer 32.86 Aryaman Financial Services Limited 140.00 411.00 194%
Dharni Capital Services Limited Jan 2023 10.74 Banking and Finance 34.48 Srujan Alpha Capital Advisors Llp 20.00 56.99 185%
Vinsys IT Services Limited Aug 2023 49.84 Education - Edtech 12.51 Beeline Capital Advisors Private Limited 128.00 361.00 182%
Asarfi Hospital Limited Jul 2023 26.94 Healthcare 12.78 Hem Securities Limited 52.00 142.00 173%
Global Pet Industries Limited Jul 2023 13.23 Engineering - Heavy Machinery 23.00 Shreni Shares Limited 49.00 133.00 171%
Bright Outdoor Media Limited Mar 2023 55.48 Advertising and Media 24.21 Shreni Shares Limited 146.00 386.05 164%
WomanCart Limited Oct 2023 9.56 E-Commerce 14.65 Narnolia Financial Services Limited 86.00 225.60 162%
Systango Technologies Limited Mar 2023 34.82 Information Technology - Data Solutions 15.13 Hem Securities Limited 90.00 234.35 160%
Vishnusurya Projects and Infra Limited Oct 2023 49.98 Engineering - EPC 9.63 Khandwala Securities Limited 68.00 175.95 159%
Hi-Green Carbon Limited Sep 2023 52.80 Recycling - Waste 17.28 Beeline Capital Advisors Private Limited 75.00 193.65 158%
MCON Rasayan India Limited Mar 2023 6.84 Chemical - Paint and Adhesives 14.71 GYR Capital Advisors Private Limited 40.00 103.15 158%
Sealmatic India Limited Mar 2023 56.24 Engineering 18.75 Isk Advisors Private Limited 225.00 570.70 154%
Pattech Fitwell Tube Components Limited Apr 2023 12.00 Automobile - Forging and Casting 46.73 Fedex Securities Private Limited 50.00 125.00 150%
Shera Energy Limited Feb 2023 35.20 Cables and Wires 15.16 Holani Consultants Private Limited 57.00 138.25 143%
Sonalis Consumer Products Limited Jun 2023 2.83 FMCG - Snacks and Beverages 6.56 Expert Global Consultants Private Limited 30.00 69.65 132%
Techknowgreen Solutions Limited Sep 2023 16.72 ESG 14.08 Indorient Financial Services Limited 86.00 197.85 130%
Madhusudan Masala Limited Sep 2023 23.80 Agro - Food Products 15.70 Hem Securities Limited 70.00 150.00 114%
Infinium Pharmachem Limited Apr 2023 25.26 Pharmaceutical 7.83 Swastika Investmart Limited 135.00 287.45 113%
OneClick Logistics Limited Oct 2023 9.91 Logistics 24.30 Fedex Securities Private Limited 99.00 208.90 111%
Saakshi Medtech and Panelslimited Oct 2023 45.16 Electric Equipments 13.84 Hem Securities Limited 97.00 201.55 108%
Hemant Surgical Industries Limited Jun 2023 24.84 Healthcare 12.28 Hem Securities Limited 90.00 181.70 102%
Transteel Seating Technologies Limited Nov 2023 49.98 Furniture 16.91 Gretex Corporate Services Limited 70.00 140.30 100%
Retina Paints Limited May 2023 11.10 Chemical - Paint and Adhesives 69.77 Gretex Corporate Services Limited 30.00 59.50 98%
Accent Microcell Limited Dec 2023 78.40 Chemical 10.44 Corporate Capital Ventures Private Limited 140.00 276.00 97%
Chavda Infra Limited Sep 2023 43.26 Real Estate 13.29 Beeline Capital Advisors Private Limited 65.00 126.55 95%
ResGen Limited Mar 2023 28.20 Chemical 27.33 Gretex Corporate Services Limited 47.00 87.12 85%
Magson Retail And Distribution Limited Jul 2023 13.74 FMCG - Snacks and Beverages 20.25 Isk Advisors Private Limited 65.00 120.00 85%
Sheetal Universal Limited Dec 2023 23.80 Agro - Food Products 17.81 Beeline Capital Advisors Private Limited 70.00 128.70 84%
Aristo Bio-Tech and Lifescience Limited Jan 2023 13.05 Chemical - Pesticides 9.46 Beeline Capital Advisors Private Limited 72.00 124.05 72%
Deepak Chemtex Limited Dec 2023 23.04 Chemical 13.96 Hem Securities Limited 80.00 137.75 72%
Comrade Appliances Limited Jun 2023 12.30 Electric Equipments 24.88 Gretex Corporate Services Limited 54.00 92.82 72%
Sangani Hospitals Limited Aug 2023 15.17 Healthcare - Hospitals and Clinic 37.03 Unistone Capital Private Limited 40.00 66.60 67%
Shree OSFM E-Mobility Limited Dec 2023 24.60 Logistics 20.83 First Overseas Capital Limited 65.00 107.90 66%
Srivasavi Adhesive Tapes Limited Mar 2023 15.50 Chemical - Paint and Adhesives 16.08 Shreni Shares Limited 41.00 66.10 61%
Ducol Organics And Colours Limited Jan 2023 31.51 Chemical 13.59 First Overseas Capital Limited 78.00 125.50 61%
Kore Digital Limited Jun 2023 18.00 Telecom 17.86 First Overseas Capital Limited 180.00 288.35 60%
Urban Enviro Waste Management Limited Jun 2023 11.42 ESG - Waste 30.49 Pantomath Capital Advisors Private Limited 100.00 156.60 57%
Drone Destination Limited Jul 2023 44.20 Drone 64.35 Narnolia Financial Services Limited 65.00 100.90 55%
Organic Recycling Systems Limited Oct 2023 50.00 ESG 42.11 Arihant Capital Markets Limited 200.00 310.05 55%
Nirman Agri Genetics Limited Mar 2023 20.30 Chemical - Pesticides 14.93 First Overseas Capital Limited 99.00 153.00 55%
Shri Techtex Limited Aug 2023 45.14 Textiles - Fabrics 16.71 Beeline Capital Advisors Private Limited 61.00 92.00 51%
Dev Labtech Venture Limited Mar 2023 11.22 Jewellery 32.90 Beeline Capital Advisors Private Limited 51.00 75.00 47%
Vertexplus Technologies Limited Mar 2023 14.20 Information Technology - Data Solutions 28.83 Beeline Capital Advisors Private Limited 96.00 137.35 43%
Homesfy Realty Limited Jan 2023 15.86 Real Estate - Broking 10.87 Sarthi Capital Advisors Private Limited 197.00 281.00 43%
Rex Sealing and Packing Industries Limited Jan 2023 8.09 Packaging & Disposables 19.62 Aryaman Financial Services Limited 135.00 192.00 42%
Shoora Designs Limited Aug 2023 2.03 Jewellery 63.16 Swaraj Shares and 48.00 67.93 42%
Bizotic Commercial Limited Jun 2023 42.21 Textiles 36.38 Interactive Financial Services Limited 175.00 238.80 36%
Sharp Chucks and Machines limited Oct 2023 16.84 Automobile - Forging and Casting 12.31 Khandwala Securities Limited 58.00 79.10 36%
Presstonic Engineering Limited Dec 2023 23.30 Engineering - EPC 18.23 Finshore Management Services Limited 72.00 93.40 30%
Proventus Agrocom Limited Jun 2023 69.54 FMCG - Snacks and Beverages 104.61 Sundae Capital Advisors 771.00 1000.00 30%
Maiden Forgings Limited Apr 2023 23.84 Steel 8.38 Share India Capital Services Private Limited 63.00 81.67 30%
Arvind and Company Shipping Agencies Limited Oct 2023 14.74 Logistics 8.01 Beeline Capital Advisors Private Limited 45.00 58.00 29%
Unihealth Consultancy Limited Sep 2023 56.55 Healthcare 26.56 Unistone Capital Private Limited 132.00 169.00 28%
Agarwal Float Glass India Limited Feb 2023 9.20 Glass 5.68 GYR Capital Advisors Private Limited 42.00 53.20 27%
Arabian Petroleum Limited Oct 2023 20.24 Chemical 15.66 Hem Securities Limited 70.00 86.45 24%
Command Polymers Limited Mar 2023 7.09 Plastic and Polymer 121.74 Aryaman Financial Services Limited 28.00 34.40 23%
Kundan Edifice Limited Sep 2023 25.22 Electric Equipments - OEM 18.20 Fedex Securities Private Limited 91.00 110.70 22%
Rockingdeals Circular Economy Limited Nov 2023 21.00 E-Commerce 15.82 Corporate Capital Ventures Private Limited 140.00 169.00 21%
Zeal Global Services Limited Aug 2023 36.46 Logistics 13.83 Expert Global Consultants Private Limited 103.00 123.05 19%
Transvoy Logistics India Limited Feb 2023 5.11 Logistics 34.63 Beeline Capital Advisors Private Limited 71.00 81.95 15%
Marco Cables & Conductors Limited Sep 2023 18.73 Cables and Wires 24.00 Shreni Shares Limited 36.00 41.50 15%
Alphalogic Industries Limited Jul 2023 12.88 Furniture - Industrial Storage 22.30 Finshore Management Services Limited 96.00 109.00 14%
AccelerateBS India Limited Jul 2023 5.69 Information Technology - Data Solutions 27.27 Shreni Shares Limited 90.00 100.95 12%
Sancode Technologies Limited Apr 2023 5.15 Information Technology - SaaS 10.71 Shreni Shares Limited 47.00 52.59 12%
Sotac Pharmaceuticals Limited Apr 2023 33.30 Pharmaceutical 132.14 Beeline Capital Advisors Private Limited 111.00 124.00 12%
Labelkraft Technologies Limited Mar 2023 4.75 Information Technology - Data Solutions 62.50 Hem Securities Limited 55.00 61.00 11%
Prospect Commodities Limited Mar 2023 7.48 Agro - Food Products 31.44 Interactive Financial Services Limited 61.00 67.13 10%
Quality Foils India Limited Mar 2023 4.52 Steel - Tubes and Pipes 4.16 Khambatta Securities Limited 60.00 65.30 9%
Digikore Studios limited Oct 2023 30.48 Film and Animation - VFX 9.99 Sarthi Capital Advisors Private Limited 171.00 181.60 6%
Crayons Advertising Limited Jun 2023 41.80 Advertising and Media 9.39 Corporate Capital Ventures Private Limited 65.00 69.00 6%
Shelter Pharma Limited Aug 2023 16.03 Pharmaceutical - Ayurvedic 8.40 Gretex Corporate Services Limited 42.00 44.15 5%
Crop Life Science Limited Aug 2023 26.73 Chemical - Pesticides 14.29 Interactive Financial Services Limited 52.00 52.50 1%
AG Universal Limited Apr 2023 8.72 Steel 19.17 Share India Capital Services Private Limited 60.00 60.05 0%
Canary Automations Limited Oct 2023 47.03 Information Technology - Data Solutions 20.39 Indorient Financial Services Limited 31.00 30.90 -0%
Mangalam Alloys Limited Oct 2023 54.91 Steel 19.46 Expert Global Consultants Private Limited 80.00 79.50 -1%
Viaz Tyres Limited Mar 2023 20.00 Rubber 24.90 Beeline Capital Advisors Private Limited 62.00 61.50 -1%
Eastern Logica Infoway Limited Jan 2023 16.94 Retail 24.09 Oneview Corporate Advisors Private Limited 225.00 216.80 -4%
Shanti Spintex Limited Dec 2023 31.25 Textiles - Fabrics 11.67 Hem Securities Limited 70.00 66.93 -4%
KK Shah Hospitals Limited Nov 2023 8.78 Healthcare - Hospitals and Clinic 80.40 Shreni Shares Limited 45.00 43.00 -4%
Quicktouch Technologies Limited May 2023 9.33 Information Technology 4.78 Khambatta Securities Limited and Share India Capital Services Private Limited 61.00 58.00 -5%
Vivaa Tradecom Limited Oct 2023 7.99 Textiles - Fabrics 78.46 Interactive Financial Services Limited 51.00 48.35 -5%
On Door Concepts Limited Nov 2023 31.18 E-Commerce 87.76 First Overseas Capital Limited 208.00 195.00 -6%
Pentagon Rubber Limited Jul 2023 16.17 Rubber 18.76 Beeline Capital Advisors Private Limited 70.00 64.00 -9%
Kontor Space Limited Oct 2023 15.62 Corporate Solutions 30.59 Srujan Alpha Capital Advisors Llp 93.00 83.40 -10%
Mono Pharmacare Limited Sep 2023 14.84 Pharmaceutical 40.00 Unistone Capital Private Limited 28.00 24.00 -14%
Vilin Bio Med Limited Jun 2023 12.00 Pharmaceutical 24.59 Inventure Merchant Banker Services Private Limited 30.00 25.70 -14%
Service Care Limited Jul 2023 20.68 Corporate Solutions 21.20 Swastika Investmart Limited 67.00 57.25 -15%
Remus Pharmaceuticals Limited May 2023 47.69 Pharmaceutical 21.09 Beeline Capital Advisors Private Limited 1229.00 978.75 -20%
Kahan Packaging Limited Sep 2023 5.76 Packaging & Disposables 21.10 Hem Securities Limited 80.00 61.99 -23%
City Crops Agro limited Oct 2023 15.00 Agro 34.72 Turnaround Corporate Advisors Private Limited 25.00 18.80 -25%
Greenchef Appliances Limited Jul 2023 53.62 Electric Equipments 14.87 Hem Securities Limited 87.00 64.45 -26%
Newjaisa Technologies Limited Oct 2023 39.93 Information Technology - Hardware 22.38 Indorient Financial Services Limited 47.00 34.00 -28%
Spectrum Talent Management Limited Jun 2023 105.14 Human Resources and Manpower 15.00 Sarthi Capital Advisors Private Limited 173.00 121.00 -30%
Ahasolar Technologies Limited Jul 2023 12.85 Solar - Panels 27.45 Beeline Capital Advisors Private Limited 157.00 108.70 -31%
Auro Impex & Chemicals Limited May 2023 27.07 Chemical 15.85 Affinity Global Capital Market Private Limited 78.00 52.70 -32%
VELS Film International Limited Mar 2023 33.74 Film and Animation - VFX 58.58 Khambatta Securities Limited 99.00 66.40 -33%
Marinetrans India Limited Dec 2023 10.92 Logistics 14.53 Swaraj Shares and 26.00 16.95 -35%
Earthstahl & Alloys Limited Feb 2023 12.96 Steel - Tubes and Pipes 4.22 Hem Securities Limited 40.00 25.50 -36%
Sunrest Lifescience Limited Nov 2023 10.85 Pharmaceutical 12.00 Mark Corporate Advisors Private Limited 84.00 53.00 -37%
Amanaya Ventures Limited Mar 2023 2.76 Jewellery 92.00 First Overseas Capital Limited 23.00 14.03 -39%
Paragon Fine And Speciality Chemicals Limited Nov 2023 51.66 Chemical - Speciality 13.51 Hem Securities Limited 100.00 60.80 -39%
Indong Tea Company Limited Feb 2023 13.01 Tea and Coffee 9.52 Finshore Management Services Limited 26.00 15.60 -40%
Electro Force (India) Limited Dec 2023 80.68 Electric Equipments 15.30 First Overseas Capital Limited 93.00 51.50 -45%
ROX Hi-Tech Limited Nov 2023 54.49 Information Technology - Data Solutions 9.35 Swaraj Shares and 83.00 45.85 -45%
Mish Designs Limited Nov 2023 9.76 Textiles - Fabrics 75.31 Aryaman Financial Services Limited 122.00 65.67 -46%
SVS Ventures Limited Jan 2023 11.24 Real Estate 75.00 First Overseas Capital Limited 20.00 10.06 -50%
Sahara Maritime Limited Dec 2023 6.88 Logistics 1157.00 Swaraj Shares and 81.00 40.00 -51%
Vrundavan Plantation Limited Nov 2023 15.29 Agro - Plantation 27.69 Interactive Financial Services Limited 108.00 52.90 -51%
Baba Food Processing limited Nov 2023 33.00 Agro - Flour Mill 16.14 Horizon Management Private Limited 76.00 37.15 -51%
Swashthik Plascon Limited Dec 2023 40.76 Recycling - Polymer 14.29 Shreni Shares Limited 86.00 40.73 -53%
Rajgor Castor Derivatives Limited Oct 2023 47.81 Agro - Food Products 15.48 Beeline Capital Advisors Private Limited 50.00 22.95 -54%
Saroja Pharma Industries India Limited Sep 2023 9.11 Chemical - Speciality 23.27 Swastika Investmart Limited 84.00 38.40 -54%
Synoptics Technologies Limited Jul 2023 54.03 Information Technology - Data Solutions 25.32 First Overseas Capital Limited 237.00 108.10 -54%
Tridhya Tech Limited Jul 2023 26.41 Information Technology - Data Solutions 26.09 Interactive Financial Services Limited 42.00 17.80 -58%
Benchmark Computer Solutions Limited Dec 2023 12.24 Information Technology - Data Solutions 23.66 Beeline Capital Advisors Private Limited 66.00 26.63 -60%
Sudarshan Pharma Industries Limited Mar 2023 50.10 Pharmaceutical 24.33 Gretex Corporate Services Limited 73.00 29.03 -60%
Plada Infotech Services Limited Oct 2023 12.36 Outsourcing - BPO 17.58 Indorient Financial Services Limited 48.00 18.90 -61%
Cellecor Gadgets Limited Sep 2023 50.77 Electric Equipments 24.21 Narnolia Financial Services Limited 92.00 36.15 -61%
Graphisads Limited Dec 2023 53.41 Advertising and Media 24.56 First Overseas Capital Limited 111.00 40.90 -63%
Jiwanram Sheoduttrai Industries Limited Sep 2023 17.07 Healthcare - Gloves 14.11 Affinity Global Capital Market Private Limited 23.00 8.45 -63%
Inspire Films Limited Oct 2023 21.23 Advertising and Media 19.87 Narnolia Financial Services Limited 59.00 21.55 -63%
Aatmaj Healthcare Limited Jun 2023 38.40 Healthcare - Hospitals and Clinic 17.60 Nirbhay Capital Services Private Limited 60.00 20.20 -66%
Arrowhead Seperation Engineering Limited Nov 2023 13.00 Engineering 18.09 Aryaman Financial Services Limited 233.00 75.00 -68%
Yasons Chemex Care Limited Aug 2023 20.57 Chemical 22.47 Fedex Securities Private Limited 40.00 12.45 -69%
Sahaj Fashions Limited Sep 2023 13.96 Textiles - Fabrics 13.70 Khambatta Securities Limited 30.00 9.30 -69%
Shanthala FMCG Products Limited Nov 2023 16.07 FMCG 252.78 First Overseas Capital Limited 91.00 28.00 -69%
Micropro Software Solutions Limited Nov 2023 30.70 Information Technology - Data Solutions 40.70 Swaraj Shares and 81.00 23.10 -71%
Innovatus Entertainment Networks Limited Aug 2023 7.74 Advertising and Media - Events 41.00 Inventure Merchant Banker Services Private Limited 50.00 14.15 -72%
Net Avenue Technologies Limited Dec 2023 10.25 E-Commerce 10.23 Shreni Shares Limited 18.00 4.95 -73%
Indifra Limited Dec 2023 14.04 Infrastructure 342.00 Beeline Capital Advisors Private Limited 65.00 17.00 -74%
Patron Exim Limited Mar 2023 16.69 Pharmaceutical 28.72 Interactive Financial Services Limited 27.00 6.10 -77%
Yudiz Solutions Limited Aug 2023 44.84 Information Technology - Data Solutions 61.80 Narnolia Financial Services Limited 165.00 36.60 -78%
Innokaiz India Limited May 2023 21.17 Advertising and Media - Events 7.62 Gretex Corporate Services Limited 78.00 16.96 -78%
Cell Point (India) Limited Jun 2023 50.34 Electric Equipments 24.10 First Overseas Capital Limited 100.00 18.85 -81%

Find More IPO

Summary

PE Ratio*
Highest 48.41
Median 19.04
Lowest 4.16
IPO Size (Cr.)
Highest 105.14
Median 26.94
Lowest 2.03
  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.

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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.

Exim Routes Limited

   Gurugram

   Paper and Stationery

Date of DRHP : 16 Jul 2025
Revenue* : 19.15
PAT* : 3.54
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Mehul Telecom Limited

   Rajkot

   Telecom

Date of DRHP : 14 Jul 2025
Revenue* : 115.38
PAT* : 5.73
Exchange : BSE SME
Read DRHP
Detailed Review

Riyaasat Lifestyle Limited

   Ahmedabad

   Textiles - Fabrics

Date of DRHP : 14 Jul 2025
Revenue* : 24.97
PAT* : 3.78
Exchange : BSE SME
Read DRHP
Detailed Review

True Colors Limited

   Surat

   Chemical

Date of DRHP : 13 Jul 2025
Revenue* : 233.54
PAT* : 24.69
Exchange : BSE SME
Read DRHP
Detailed Review

Telge Projects Limited

   Pune

   Engineering

Date of DRHP : 11 Jul 2025
Revenue* : 25.08
PAT* : 5.38
Exchange : BSE SME
Read DRHP
Detailed Review

Shri Kanha Stainless Limited

   Jaipur

   Steel - Tools

Date of DRHP : 11 Jul 2025
Revenue* : 145.79
PAT* : 5.79
Exchange : NSE EMERGE
Read DRHP
Detailed Review

M P K Steels (I) Limited

   Guwahati

   Steel

Date of DRHP : 10 Jul 2025
Revenue* : 206.58
PAT* : 6.05
Exchange : BSE SME
Read DRHP
Detailed Review

Vijaypd Ceutical Limited

   Mumbai

   Pharmaceutical

Date of DRHP : 10 Jul 2025
Revenue* : 117.09
PAT* : 4.79
Exchange : NSE EMERGE
Read DRHP
Detailed Review

R. P. Multimetals Limited

   Amloh

   Steel - Tubes and Pipes

Date of DRHP : 09 Jul 2025
Revenue* : 739.78
PAT* : 14.98
Exchange : BSE SME
Read DRHP
Detailed Review

House Of Manhor SSMD Agrotech India Limited

   Delhi

   FMCG

Date of DRHP : 07 Jul 2025
Revenue* : 48.52
PAT* : 5.37
Exchange : BSE SME
Read DRHP
Detailed Review

Global Ocean Logistics India Limited

   Mumbai

   Logistics

Date of DRHP : 07 Jul 2025
Revenue* : 190.55
PAT* : 6.81
Exchange : BSE SME
Read DRHP
Detailed Review

Watrana Rentals Limited

   New Delhi

   Logistics

Date of DRHP : 30 Jun 2025
Revenue* : 172.65
PAT* : 25.24
Exchange : NSE EMERGE
Read DRHP
Detailed Review

Simca Advertising Limited

   Mumbai

   Advertising and Media

Date of DRHP : 30 Jun 2025
Revenue* : 74.96
PAT* : 9.97
Exchange : NSE EMERGE
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Bai Kakaji Polymers Limited

   Pune

   Plastic and Polymer

Date of DRHP : 30 Jun 2025
Revenue* : 310.91
PAT* : 14.12
Exchange : BSE SME
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Abril Paper Tech Limited

   Surat

   Paper and Stationery

Date of DRHP : 30 Jun 2025
Revenue* : 60.91
PAT* : 1.41
Exchange : BSE SME
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Milan Ginning Pressing Limited

   Ahmedabad

   Agro

Date of DRHP : 30 Jun 2025
Revenue* : 886.24
PAT* : 10.56
Exchange : BSE SME
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Airfloa Rail Technology Limited

   Chennai

   Railway

Date of DRHP : 30 Jun 2025
Revenue* : 174.76
PAT* : 20.36
Exchange : BSE SME
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JD Cables Limited

   Kolkata

   Cables and Wires

Date of DRHP : 30 Jun 2025
Revenue* : 225.76
PAT* : 18.53
Exchange : BSE SME
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FCML Distributors Limited

   New Delhi

   Ceramic and Stone

Date of DRHP : 29 Jun 2025
Revenue* : 202.22
PAT* : 22.26
Exchange : BSE SME
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Greenleaf Envirotech Limited

   Surat

   Engineering - EPC

Date of DRHP : 29 Jun 2025
Revenue* : 38.85
PAT* : 4.69
Exchange : NSE EMERGE
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*The Revenue and PAT figures mentioned above are on the Annualised basis.