94  Total SME IPOs listed in 2025

4,138.28 Crs.  Total funds raised in 2025

65  SME IPOs listed with Gain in 2025

29  SME IPOs listed with loss in 2025

94  Total SME IPOs listed in 2025

4,138.28 Crs.  Total funds raised in 2025

65  SME IPOs listed with Gain in 2025

29  SME IPOs listed with loss in 2025

94  Total SME IPOs listed in 2025

4,138.28 Crs.  Total funds raised in 2025

65  SME IPOs listed with Gain in 2025

29  SME IPOs listed with loss in 2025

94  Total SME IPOs listed in 2025

4138.28 Crs.  Total funds raised in 2,025.00

65  SME IPOs listed with Gain in 2025

29  SME IPOs listed with loss in 2025

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Motilal Oswal Investment Advisors Limited     ★★★★☆

Motilal Oswal Investment Advisors Limited is a SEBI registered Merchant Banker located in Mumbai. They provide services in various areas of capital markets like, Equity,Portfolio management services etc.

Incorporation Year 2005

City Mumbai

Website https://www.motilaloswalgroup.com/

IPOs so far 38

IPOs by Listing

Gain 33  (87%)
 
Loss5  (13%)
 

Latest IPOs

Sambhv Steel Tubes Limited
Sector : Steel
Exchange : MainBoard
Listing Date : 02 Jul 2025
IPO Size : 540 Cr.
Subscribed : 30.33 x
Listing Gain : 34.15 %

HDB Financial Services Limited
Sector : Banking and Finance
Exchange : MainBoard
Listing Date : 02 Jul 2025
IPO Size : 12,500 Cr.
Subscribed : 17.65 x
Listing Gain : 12.84 %

Ellenbarrie Industrial Gases Limited
Sector : Oil and Gas
Exchange : MainBoard
Listing Date : 01 Jul 2025
IPO Size : 853 Cr.
Subscribed : 22.19 x
Listing Gain : 21.50 %

Leela Hotels - Schloss Bangalore Limited
Sector : Hotels and Resorts
Exchange : MainBoard
Listing Date : 02 Jun 2025
IPO Size : 3,500 Cr.
Subscribed : 4.72 x
Listing Gain : -6.67 %

Dr Agarwals Health Care Limited
Sector : Healthcare - Hospita
Exchange : MainBoard
Listing Date : 04 Feb 2025
IPO Size : 3,027 Cr.
Subscribed : 1.49 x
Listing Gain : 0.00 %

Laxmi Dental Limited
Sector : Healthcare
Exchange : MainBoard
Listing Date : 20 Jan 2025
IPO Size : 698 Cr.
Subscribed : 114.14 x
Listing Gain : 26.64 %

Standard Glass Lining Technology Limited
Sector : Engineering
Exchange : MainBoard
Listing Date : 13 Jan 2025
IPO Size : 410 Cr.
Subscribed : 185.48 x
Listing Gain : 16.68 %

Concord Enviro Systems Limited
Sector : Recycling - Waste
Exchange : MainBoard
Listing Date : 27 Dec 2024
IPO Size : 500 Cr.
Subscribed : 10.67 x
Listing Gain : 17.83 %

Niva Bupa Health Insurance Company Limited
Sector : Insurance
Exchange : MainBoard
Listing Date : 14 Nov 2024
IPO Size : 2,200 Cr.
Subscribed : 1.90 x
Listing Gain : 1.96 %

P N Gadgil Jewellers Limited
Sector : Jewellery
Exchange : MainBoard
Listing Date : 17 Sep 2024
IPO Size : 1,100 Cr.
Subscribed : 59.41 x
Listing Gain : 65.17 %

RK SWAMY Limited
Sector : Corporate Solutions
Exchange : MainBoard
Listing Date : 12 Mar 2024
IPO Size : 424 Cr.
Subscribed : 25.78 x
Listing Gain : -8.59 %

Happy Forgings Limited
Sector : Automobile - Forging
Exchange : MainBoard
Listing Date : 27 Dec 2023
IPO Size : 1,009 Cr.
Subscribed : 82.63 x
Listing Gain : 21.15 %

Updater Services Limited
Sector : Corporate Solutions
Exchange : MainBoard
Listing Date : 04 Oct 2023
IPO Size : 640 Cr.
Subscribed : 2.96 x
Listing Gain : 283.85 %

Sai Silks (Kalamandir) Limited
Sector : Textiles
Exchange : MainBoard
Listing Date : 27 Sep 2023
IPO Size : 1,201 Cr.
Subscribed : 4.47 x
Listing Gain : 10.29 %

Rishabh Instruments Limited
Sector : Engineering
Exchange : MainBoard
Listing Date : 11 Sep 2023
IPO Size : 491 Cr.
Subscribed : 31.65 x
Listing Gain : 0.40 %

IKIO Lighting Limited
Sector : Electric Equipments
Exchange : MainBoard
Listing Date : 16 Jun 2023
IPO Size : 607 Cr.
Subscribed : 67.75 x
Listing Gain : 41.67 %

Radiant Cash Management Services Limited
Sector : Corporate Solutions
Exchange : MainBoard
Listing Date : 04 Jan 2023
IPO Size : 257 Cr.
Subscribed : 0.53 x
Listing Gain : 11.38 %

Tamilnad Mercantile Bank Limited
Sector : Banking and Finance
Exchange : MainBoard
Listing Date : 15 Sep 2022
IPO Size : 808 Cr.
Subscribed : 2.86 x
Listing Gain : -0.30 %

Dreamfolks Services Limited
Sector : Information Technolo
Exchange : MainBoard
Listing Date : 06 Sep 2022
IPO Size : 562 Cr.
Subscribed : 56.68 x
Listing Gain : 41.92 %

Aditya Birla Sun Life AMC Limited
Sector : Banking and Finance
Exchange : MainBoard
Listing Date : 11 Oct 2021
IPO Size : 2,768 Cr.
Subscribed : 5.25 x
Listing Gain : 699.65 %

Devyani International Limited
Sector : FMCG - Snacks and Be
Exchange : MainBoard
Listing Date : 16 Aug 2021
IPO Size : 1,838 Cr.
Subscribed : 116.70 x
Listing Gain : 123.35 %

IndoStar Capital Finance Limited
Sector : Banking and Finance
Exchange : MainBoard
Listing Date : 21 May 2018
IPO Size : 1,844 Cr.
Subscribed : 6.65 x
Listing Gain : 585.50 %

MAS Financial Services Limited
Sector : Banking and Finance
Exchange : MainBoard
Listing Date : 18 Oct 2017
IPO Size : 460 Cr.
Subscribed : 128.39 x
Listing Gain : 654.75 %

Dixon Technologies (India) Limited
Sector : Electric Equipments
Exchange : MainBoard
Listing Date : 18 Sep 2017
IPO Size : 600 Cr.
Subscribed : 117.83 x
Listing Gain : 2892.80 %

Au Financiers (India) Limited
Sector : Banking and Finance
Exchange : MainBoard
Listing Date : 10 Jul 2017
IPO Size : 1,913 Cr.
Subscribed : 53.60 x
Listing Gain : 541.20 %

GTPL Hathway Limited
Sector : Telecom
Exchange : MainBoard
Listing Date : 04 Jul 2017
IPO Size : 485 Cr.
Subscribed : 1.53 x
Listing Gain : 171.65 %

PSP Projects Limited
Sector : Infrastructure
Exchange : MainBoard
Listing Date : 29 May 2017
IPO Size : 212 Cr.
Subscribed : 8.58 x
Listing Gain : 208.95 %

Avenue Supermarts Limited
Sector : Retail - Supermarket
Exchange : MainBoard
Listing Date : 21 Mar 2017
IPO Size : 1,870 Cr.
Subscribed : 104.48 x
Listing Gain : 640.75 %

BSE Limited
Sector : Banking and Finance
Exchange : MainBoard
Listing Date : 03 Feb 2017
IPO Size : 1,243 Cr.
Subscribed : 51.22 x
Listing Gain : 1069.20 %

SP Apparels Limited
Sector : Textiles
Exchange : MainBoard
Listing Date : 12 Aug 2016
IPO Size : 239 Cr.
Subscribed : 2.66 x
Listing Gain : 10.07 %

Parag Milk Foods Limited
Sector : Agro - Food Products
Exchange : MainBoard
Listing Date : 19 May 2016
IPO Size : 752 Cr.
Subscribed : 1.83 x
Listing Gain : 247.80 %

Pennar Engineered Building Systems Limited
Sector : Engineering
Exchange : MainBoard
Listing Date : 10 Sep 2015
IPO Size : 156 Cr.
Subscribed : 1.15 x
Listing Gain : -11.52 %

Power Mech Projects Limited
Sector : Engineering - EPC
Exchange : MainBoard
Listing Date : 26 Aug 2015
IPO Size : 273 Cr.
Subscribed : 38.12 x
Listing Gain : 585.75 %

Tree House Education & Accessories Limited
Sector : Education
Exchange : MainBoard
Listing Date : 26 Aug 2011
IPO Size : 114 Cr.
Subscribed : 1.85 x
Listing Gain : 116.55 %

Ashoka Buildcon Limited
Sector : Infrastructure
Exchange : MainBoard
Listing Date : 14 Oct 2010
IPO Size : 225 Cr.
Subscribed : 15.94 x
Listing Gain : 333.35 %

MBL Infrastructures Limited
Sector : Infrastructure
Exchange : MainBoard
Listing Date : 11 Jan 2010
IPO Size : 103 Cr.
Subscribed : 1.97 x
Listing Gain : 205.75 %

Archidply Industries Limited
Sector : Furniture
Exchange : MainBoard
Listing Date : 04 Jul 2008
IPO Size : 49 Cr.
Subscribed : 0.00 x
Listing Gain : 50.45 %

Shriram EPC Limited
Sector : Engineering - EPC
Exchange : MainBoard
Listing Date : 20 Feb 2008
IPO Size : 150 Cr.
Subscribed : 0.00 x
Listing Gain : 293.60 %

IPOs by Subscription

Subscribed Less than 1 times 3  (8%)
 
Subscribed 1 to 3 times 10  (26%)
 
Subscribed 3 to 5 times2  (5%)
 
Subscribed 5 to 10 times 3  (8%)
 
Subscribed more than 10 times20  (53%)
 
 
 

IPOs by IPO Size

0-100 Cr 1  (3%)
 
100-250 Cr 7  (18%)
 
250-500 Cr 7  (18%)
 
500-1,000 Cr 10  (26%)
 
1,000+ Cr13  (34%)
 

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IPOs by PE

(1-10) 4  (11%)
 
(10-25) 6  (16%)
 
(25-50) 15  (39%)
 
(50-100) 3  (8%)
 
(100+)3  (8%)
 
NA 7  (18%)
 

IPOs by City

Ahmedabad 4
 
Bangalore 1
 
Chennai 3
 
Gautam Buddha Nagar 1
 
Hyderabad 4
 
Jaipur 1
 
Kolkata 2
 
Ludhiana 1
 
Mumbai 8
 
Nashik 1
 
New Delhi 5
 
Pune 2
 
Raipur 1
 
Tamil Nadu 2
 
Thoothukudi 1
 
Tirupur 1
 

IPOs by Sector

Agro - Food Products 1
 
Automobile - Forging and Casting 1
 
Banking and Finance 7
 
Corporate Solutions 3
 
Education 1
 
Electric Equipments 2
 
Engineering 3
 
Engineering - EPC 2
 
FMCG - Snacks and Beverages 1
 
Furniture 1
 
Healthcare 1
 
Healthcare - Hospitals and Clinic 1
 
Hotels and Resorts 1
 
Information Technology - Data Solutions 1
 
Infrastructure 3
 
Insurance 1
 
Jewellery 1
 
Oil and Gas 1
 
Recycling - Waste 1
 
Retail - Supermarket 1
 
Steel 1
 
Telecom 1
 
Textiles 2
 

IPOs by Post Listing Performance

Offer Price Vs Current Market Price
Gain 20  (53%)
 
Loss 18  (47%)
 
Listing Price Vs Current Market Price
Gain 16  (42%)
 
Loss 22  (58%)
 

Upcoming IPOs of Motilal Oswal

The below mentioned are the forthcoming IPOs for which DRHPs have been filed recently and are in process of approval by the BSE or NSE exchange.

Waterways Leisure Tourism Limited

   Mumbai

   Travel and Tourism

Date of DRHP : 13 Jun 2025
Revenue : 545.93
PAT : 185.67
Read DRHP
Detailed Review

Fusion Cx Limited

   Kolkata

   Information Technology

Date of DRHP : 26 May 2025
Revenue : 1,234.00
PAT : 62.93
Read DRHP
Detailed Review

Canara HSBC Life Insurance Company Limited

   New Delhi

   Insurance

Date of DRHP : 30 Apr 2025
Revenue : 7,020.67
PAT : 113.19
Read DRHP
Detailed Review

Jain Resource Recycling Limited

   Chennai

   Metal

Date of DRHP : 30 Mar 2025
Revenue : 5,777.20
PAT : 224.20
Read DRHP
Detailed Review

GNG Electronics Limited

   Mumbai

   Retail

Date of DRHP : 25 Mar 2025
Revenue : 1,215.80
PAT : 70.40
Read DRHP
Detailed Review

Fujiyama Power Systems Limited

   New Delhi

   Solar

Date of DRHP : 06 Mar 2025
Revenue : 1,443.48
PAT : 150.20
Read DRHP
Detailed Review

LCC Projects Limited

   Ahmedabad

   Engineering - EPC

Date of DRHP : 21 Feb 2025
Revenue : 2,969.08
PAT : 235.88
Read DRHP
Detailed Review

Innovatiview India Limited

   New Delhi

   Information Technology

Date of DRHP : 13 Feb 2025
Revenue : 986.02
PAT : 262.12
Read DRHP
Detailed Review

Atlanta Electricals Limited

   Anand

   Electric Equipments - Transformers

Date of DRHP : 04 Feb 2025
Revenue : 114.78
PAT : 10.34
Read DRHP
Detailed Review

Dorf-Ketal Chemicals India Limited

   Kachchh

   Chemical - Speciality

Date of DRHP : 23 Jan 2025
Revenue : 6,045.60
PAT : 463.20
Read DRHP
Detailed Review

Epack Prefab Technologies Limited

   Noida

   Packaging & Disposables

Date of DRHP : 21 Jan 2025
Revenue : 1,079.80
PAT : 55.20
Read DRHP
Detailed Review

Kent RO Systems Limited

   New Delhi

   Electric Equipments

Date of DRHP : 21 Jan 2025
Revenue : 1,368.00
PAT : 139.20
Read DRHP
Detailed Review

Lumino Industries Limited

   Kolkata

   Engineering - EPC

Date of DRHP : 20 Jan 2025
Revenue : 1,939.20
PAT : 128.60
Read DRHP
Detailed Review

Jesons Industries Limited

   Mumbai

   Chemical - Paint and Adhesives

Date of DRHP : 09 Jan 2025
Revenue : 1,459.80
PAT : 62.20
Read DRHP
Detailed Review

Gem Aromatics Limited

   Mumbai

   Chemical

Date of DRHP : 28 Dec 2024
Revenue : 413.00
PAT : 36.60
Read DRHP
Detailed Review

Ajay Poly Limited

   New Delhi

   Electric Equipments

Date of DRHP : 28 Dec 2024
Revenue : 522.80
PAT : 48.80
Read DRHP
Detailed Review

Sri Lotus Developers and Realty Limited

   Mumbai

   Real Estate

Date of DRHP : 24 Dec 2024
Revenue : 495.00
PAT : 181.20
Read DRHP
Detailed Review

Ganesh Consumer Products Limited

   Kolkata

   FMCG

Date of DRHP : 23 Dec 2024
Revenue : 762.00
PAT : 53.60
Read DRHP
Detailed Review

Greaves Electric Mobility Limited

   Vellore

   Engineering - Automotive

Date of DRHP : 23 Dec 2024
Revenue : 625.40
PAT : -212.20
Read DRHP
Detailed Review

GSP Crop Science Limited

   Ahmedabad

   Chemical

Date of DRHP : 20 Dec 2024
Revenue : 1,417.80
PAT : 131.60
Read DRHP
Detailed Review

Eaaa India Alternatives Limited

   Mumbai

   Banking and Finance

Date of DRHP : 05 Dec 2024
Revenue : 828.92
PAT : 247.36
Read DRHP
Detailed Review

Saatvik Green Energy Limited

   Haryana

   Solar

Date of DRHP : 18 Nov 2024
Revenue : 1,652.60
PAT : 163.63
Read DRHP
Detailed Review

Smpp Limited

   Sangrur

   Defence

Date of DRHP : 18 Oct 2024
Revenue : 593.24
PAT : 170.36
Read DRHP
Detailed Review

Midwest Limited

   Hyderabad

   Minerals

Date of DRHP : 30 Sep 2024
Revenue : 603.33
PAT : 100.32
Read DRHP
Detailed Review

Jaro Institute Of Technology Management And Research Limited

   Mumbai

   Education - Edtech

Date of DRHP : 30 Sep 2024
Revenue : 202.56
PAT : 38.01
Read DRHP
Detailed Review

Kumar Arch Tech Limited

   Ahmedabad

   Infrastructure

Date of DRHP : 27 Sep 2024
Revenue : 416.28
PAT : 110.79
Read DRHP
Detailed Review

Casagrand Premier Builder Limited

   Chennai

   Real Estate - Residential and Commercial

Date of DRHP : 19 Sep 2024
Revenue : 2,669.75
PAT : 256.94
Read DRHP
Detailed Review

iValue Infosolutions Limited

   Bangalore

   Information Technology - Data Solutions

Date of DRHP : 05 Sep 2024
Revenue : 795.18
PAT : 70.57
Read DRHP
Detailed Review

Metalman Auto Limited

   New Delhi

   Steel

Date of DRHP : 12 Aug 2024
Revenue : 1,522.64
PAT : 50.00
Read DRHP
Detailed Review

Paras Healthcare Limited

   Gurugram

   Healthcare

Date of DRHP : 31 Jul 2024
Revenue : 1,151.02
PAT : -15.33
Read DRHP
Detailed Review

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

Other Useful Resources

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Explore MainBoard IPOs
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     List of All Merchant Bankers