58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

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Summary

PE Ratio*
Highest 50.00
Median 16.84
Lowest 3.00
IPO Size (Cr.)
Highest 49.50
Median 8.11
Lowest 0.32
  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 IPOs in 2016

This feature on IPOPlatform.com provides detailed insights into SME IPO listings and funds raised in India on platforms like BSE SME and NSE Emerge. It offers year-wise SME IPO analysis, highlighting the number of IPO SMEs, funds raised, and the role of BRLMs (Book Running Lead Managers), also referred to as merchant bankers in India. The report covers current SME IPOs, recent SME IPOs, and tracks IPO performance based on listing gains and market trends. This data helps businesses and investors stay informed about key developments in the growing IPO SME market.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio City Merchant Banker
Aditya Vision Limited Dec 2016 5.76 Retail 9.00 Patna Guiness Corporate Advisors Private Limited -->
Jet Freight Logistics Limited Dec 2016 4.07 Logistics 15.00 Mumbai Sarthi Capital Advisors Private Limited -->
Agro Phos India Limited Nov 2016 12.94 Chemical 13.00 Indore Pantomath Capital Advisors Private Limited -->
Globe International Carriers Limited Oct 2016 5.17 Logistics 19.00 Jaipur Hem Securities Limited -->
Art Nirman Limted Oct 2016 5.01 Real Estate 40.00 Ahmedabad Hem Securities Limited -->
India Green Reality Limited Oct 2016 10.38 Real Estate 16.00 Ahmedabad Guiness Corporate Advisors Private Limited -->
Diksat Transworld Limited Oct 2016 18.43 Advertising and Media 307.00 Chennai Aryaman Financial Services Limited -->
Dhanuka Realty Limited Oct 2016 4.22 Real Estate 24.00 Jaipur Hem Securities Limited -->
Pansari Developers Limited Oct 2016 10.19 Real Estate 10.00 Kolkata Hem Securities Limited -->
Aditya Consumer Marketing Limited Oct 2016 6.00 FMCG 12.00 Patna Guiness Corporate Advisors Private Limited -->
Mewar Hi-Tech Engineering Limited Oct 2016 2.34 Engineering - Heavy Machinery 0.00 Udaipur Pantomath Capital Advisors Private Limited -->
Shashijit Infraprojects Limted Oct 2016 3.49 Infrastructure 13.00 Vapi Pantomath Capital Advisors Private Limited -->
Aurangabad Distillery Limited Oct 2016 7.70 Chemical 5.00 Mumbai Hem Securities Limited -->
Bindal Exports Limited Oct 2016 2.00 Textiles 123.00 Surat Pantomath Capital Advisors Private Limited -->
Gretex Industries Limted Oct 2016 2.10 Textiles 28.00 Kolkata Pantomath Capital Advisors Private Limited -->
Sakar Healthcare Limited Oct 2016 14.81 Pharmaceutical 23.00 Ahmedabad Pantomath Capital Advisors Private Limited -->
Valiant Organics Limted Oct 2016 21.23 Chemical 7.00 Mumbai Aryaman Financial Services Limited -->
DRA Consultants Limited Oct 2016 2.96 Engineering - Tech Solutions 5.00 Nagpur Pantomath Capital Advisors Private Limited -->
Nandani Creation Limited Oct 2016 4.04 Textiles 41.00 Jaipur Pantomath Capital Advisors Private Limited -->
Jet Knitwears Limited Oct 2016 4.22 Textiles 31.00 Kanpur Sarthi Capital Advisors Private Limited -->
AVSL Industries Limited Oct 2016 5.18 Plastic and Polymer 94.00 New Delhi Sarthi Capital Advisors Private Limited -->
Radhika Jeweltech Limited Sep 2016 49.50 Jewellery 100.00 Rajkot Corporate Strategic Allianz Limited -->
Husys Consulting Limited Sep 2016 4.20 Outsourcing 41.00 Hyderabad Sarthi Capital Advisors Private Limited -->
Crown Lifters Limited Sep 2016 6.68 Engineering - Heavy Machinery 10.00 Mumbai Sarthi Capital Advisors Private Limited -->
Spicy Entertainment & Media Limited Sep 2016 4.82 Advertising and Media 76.00 Kolkata First Overseas Capital Limited -->
Narayani Steels Limited Sep 2016 11.52 Steel 25.00 Kolkata Pantomath Capital Advisors Private Limited -->
Riddhi Steel & Tube Limited Sep 2016 8.89 Steel 11.00 Ahmedabad Guiness Corporate Advisors Private Limited -->
Sprayking Agro Equipment Limited Sep 2016 1.86 Engineering 131.00 Jamnagar Pantomath Capital Advisors Private Limited -->
Mitsu Chem Plast Limited Sep 2016 9.51 Plastic and Polymer 17.00 Mumbai Aryaman Financial Services Limited -->
Madhya Bharat Agro Products Limited Sep 2016 13.90 Chemical 6.00 Bhilwara Hem Securities Limited -->
Shiva Granito Export Limited Sep 2016 5.04 Home Decor 0.00 Udaipur Pantomath Capital Advisors Private Limited -->
Prabhat Telecoms (India) Limited Aug 2016 11.22 Information Technology - Hardware 47.00 Mumbai Navigant Corporate Advisors Limited -->
Kwality Pharmaceuticals Limited Jul 2016 6.21 Pharmaceutical 15.00 Amritsar Guiness Corporate Advisors Private Limited -->
KKV Agro Powers Limited Jul 2016 3.58 Power and Energy 15.00 Coimbatore Karvy Investor Services Limited -->
Commercial Syn Bags Limited Jul 2016 7.66 Packaging & Disposables 5.00 Indore Pantomath Capital Advisors Private Limited -->
Titaanium Ten Enterprise Limited Jul 2016 2.72 Textiles 50.00 Surat Pantomath Capital Advisors Private Limited -->
Advance Syntex Limited Jul 2016 2.52 Textiles 7.00 Vadodara Hem Securities Limited -->
United Polyfab Gujarat Limited Jul 2016 7.65 Textiles 26.00 Ahmedabad Corporate Strategic Allianz Limited -->
Zeal Aqua Limited Jul 2016 14.76 Agro 30.00 Surat Corporate Strategic Allianz Limited -->
Yash Chemex Limited Jun 2016 2.51 Chemical 46.00 Ahmedabad Pantomath Capital Advisors Private Limited -->
Shanti Educational Initiatives Ltd Jun 2016 39.60 Textiles 66.00 Ahmedabad Guiness Corporate Advisors Private Limited -->
Darshan Orna Limited May 2016 7.54 Jewellery 98.00 Ahmedabad First Overseas Capital Limited -->
Sagardeep Alloys Limited May 2016 6.00 Metal 68.00 Ahmedabad Chartered Capital And Investment Limited -->
Ghushine Fintrrade Ocean Limited May 2016 2.60 Textiles 0.00 Surat First Overseas Capital Limited -->
Bajaj Healthcare Limited May 2016 30.90 Pharmaceutical 14.00 Boisar Aryaman Financial Services Limited -->
Nintec Systems Limited Apr 2016 1.88 Information Technology 0.00 Ahmedabad Guiness Corporate Advisors Private Limited -->
Lancer Container Lines Limited Apr 2016 1.85 Logistics 9.00 Mumbai Pantomath Capital Advisors Private Limited -->
Franklin Leasing and Finance Limited Apr 2016 6.34 Banking and Finance 68.00 New Delhi Aryaman Financial Services Limited -->
Ruby Cables Limited Apr 2016 10.01 Cables and Wires 37.00 Vadodara Pantomath Capital Advisors Private Limited -->
Raghav Ramming Mass Limited Apr 2016 7.49 Minerals 16.00 Jaipur Hem Securities Limited -->
Sysco Industries Limited Apr 2016 2.17 Packaging & Disposables 6.00 Surat Pantomath Capital Advisors Private Limited -->
CHD Chemicals Limited Apr 2016 1.98 Chemical 19.00 Chandigarh First Overseas Capital Limited -->
Umiya Tubes Limited Apr 2016 2.00 Steel - Tubes and Pipes 0.00 Gandhinagar Mehta Integrated Finance Limited -->
HEC Infra Projects Limited Mar 2016 5.39 Engineering - EPC 15.00 Ahmedabad Sarthi Capital Advisors Private Limited -->
Wealth First Portfolio Managers Limited Mar 2016 8.40 Banking and Finance 24.00 Ahmedabad Sarthi Capital Advisors Private Limited -->
Khemani Distributors & Marketing Limited Mar 2016 15.84 FMCG 588.00 Surat Choice Capital Advisors Private Limited -->
Relicab Cable Manufacturing Limited Mar 2016 0.32 Cables and Wires 57.00 Daman Aryaman Financial Services Limited -->
Hi-Tech Pipes Limited Feb 2016 13.65 Steel - Tubes and Pipes 11.00 New Delhi Sarthi Capital Advisors Private Limited -->
K.P. Energy Limited Feb 2016 6.44 Power and Energy - Wind 9.00 Surat Aryaman Financial Services Limited -->
Sylph Education Solutions Limited Feb 2016 4.80 Education 3000.00 Indore Corporate Strategic Allianz Limited -->
Ganga Pharmaceuticals Limited Feb 2016 1.54 Pharmaceutical - Ayurvedic 65.00 Mumbai First Overseas Capital Limited -->
Vidli Restaurants Limited Feb 2016 1.31 Hotels and Resorts 11.00 Mumbai Pantomath Capital Advisors Private Limited -->
Blueblood Ventures Limited Feb 2016 7.04 Banking and Finance 312.00 New Delhi Quintessence Enterprises Private Limited -->
Fourth Dimension Solutions Limited Jan 2016 8.68 Information Technology - Data Solutions 3.00 New Delhi Sarthi Capital Advisors Private Limited -->
OFS Technologies Limited Jan 2016 4.25 Information Technology 7.00 Bangalore V B Desai Financial Services Limited -->

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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.

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

FAQs

Mainboard IPO

To list on the NSE for a Mainboard IPO, a company must have ₹10 crore paid-up capital, ₹25 crore market capitalization, a 3-year track record, and comply with legal requirements, with no insolvency or debt defaults.

To list on the BSE, the company must have ₹10 crore paid-up capital, raise at least ₹10 crore in the IPO, and have a ₹25 crore market capitalization post-issue.

For more details, please refer to Link https://www.ipoplatform.com/blogs/difference-between-mainboard-and-sme-ipo/127

SME IPO 

To list on NSE Emerge and BSE SME, a company’s post-issue capital should not exceed to Rs 25 crore a 3-year track record, and profit in 2 of the last 3 years. The company must have, ₹1 crore net worth, ₹3 crore net tangible assets, and at least 1 year of operating profit or a 3-year track record from its predecessor.

For details on NSE SME eligibility, refer to Link https://www.ipoplatform.com/blogs/nse-sme-eligibility-criteria/135

For details on BSE SME eligibility criteria, refer to link https://www.ipoplatform.com/blogs/bse-sme-eligibility-criteria/134

Valuation of a company for an IPO depends on several factors, including:

  • Revenue: Positive revenue often leads to positive profit (PAT), affecting the P/E ratio.
  • Growth Potential: A company’s ability to expand revenue and profits based on market demand and strategies.
  • Market Conditions: The overall market environment at the time of the IPO.
  • Industry: The company’s industry and its trends, which influence the P/E multiple and valuation.

Learn More

  • IPO process includes filing DRHP which gives details on the utilizations of the funds in its objects of offer section. Generally, the funds are utilized towards working capital, capital expansion and repayment of debt.

When a company raises funds through an IPO (Initial Public Offering), following things should be kept in mind;

  1. Separate Bank Account: All the money raised from the IPO must be kept in a separate bank account.
  2. Usage of Funds: The company must clearly show how the raised money was spent in its financial reports, including the purpose of each expenditure.
  3. Unutilized Funds: If any money from the IPO is not used, the company must disclose where and how those funds are being kept or invested.

The merchant banker must have to provide the details of utilization to SEBI. 

IPO advisors or SME IPO Consultants play a crucial role in guiding the company through the IPO process. They assist with structuring the offering, preparing necessary documentation, IPO pricing with fair valuations, ensuring regulatory compliance, due diligence activity, and helping market the IPO to potential investors. Their expertise ensures a smooth and successful public listing.

IPO platform in India provides information on upcoming IPOs on NSE Emerge and BSE SME and list of merchant bankers and anchor investors. Role of IPO advisor is important in the success of the listings. 

Understand the role of IPO Advisors

Pre IPO-Issue also has to comply with SEBI ICDR regulations.

A pre-IPO company might get eventually listed on NSE Emerge, BSE SME or mainboard platform of the stock exchanges by fulfilling the NSE/BSE eligibility criteria. Best Merchant Bankers in India have the role and responsibility for launching IPO.

For further details refer this link https://www.ipoplatform.com/blogs/what-is-pre-ipo-investment-and-role-of-ipo-advisors/142