66  Total SME IPOs listed in 2025

2,771.83 Crs.  Total funds raised in 2025

44  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

66  Total SME IPOs listed in 2025

2771.83 Crs.  Total funds raised in 2025

44  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

66  Total SME IPOs listed in 2025

2771.83 Crs.  Total funds raised in 2025

44  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

66  Total SME IPOs listed in 2025

2771.83 Crs.  Total funds raised in 2025

44  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

Merchant Banker: Pantomath Capital Advisors Private Limited

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Summary

PE Ratio*
Highest 50.00
Median 21.23
Lowest 2.71
IPO Size (Cr.)
Highest 150.00
Median 16.63
Lowest 1.31
  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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Company Name City Sector IPO Size (Cr.) IPO Size Classification Exchange IPO Year (Listed) PE Ratio PE Ratio Classification Merchant Banker
SAR Televenture Limited New Delhi Telecom 150.00 Very Large (>50 Cr) NSE EMERGE Jul 2024 50.23 Extreme (50+) Pantomath Capital Advisors Private Limited
SAR Televenture Limited New Delhi Telecom 24.75 Medium (10-25 Cr) NSE EMERGE Nov 2023 10.72 Average (10-20) Pantomath Capital Advisors Private Limited
Urban Enviro Waste Management Limited Nagpur ESG - Waste 11.42 Medium (10-25 Cr) NSE EMERGE Jun 2023 30.49 Very High (30-50) Pantomath Capital Advisors Private Limited
AB Cotspin India Limited Bathinda Textiles 10.09 Medium (10-25 Cr) NSE EMERGE Jan 2022 2.71 Low (1-10) Pantomath Capital Advisors Private Limited
V-Marc India Limited Haridwar Cables and Wires 23.40 Medium (10-25 Cr) NSE EMERGE Apr 2021 16.60 Average (10-20) Pantomath Capital Advisors Private Limited
Madhav Copper Limited - FPO Bhavnagar Cables and Wires 25.50 Large (25-50 Cr) NSE EMERGE Feb 2020 53.00 Extreme (50+) Pantomath Capital Advisors Private Limited
Mangalam Global Enterprise Limited Ahmedabad Agro 21.57 Medium (10-25 Cr) NSE EMERGE Nov 2019 20.00 Average (10-20) Pantomath Capital Advisors Private Limited
Gensol Engineering Limited Chandigarh Solar 17.93 Medium (10-25 Cr) BSE SME Oct 2019 10.50 Average (10-20) Pantomath Capital Advisors Private Limited
Suich Industries Limited New Delhi Electric Equipments 30.86 Large (25-50 Cr) BSE SME Jun 2019 7.50 Low (1-10) Pantomath Capital Advisors Private Limited
Par Drugs and Chemicals Limited Vadodara Pharmaceutical 8.53 Small (5-10 Cr) NSE EMERGE May 2019 13.00 Average (10-20) Pantomath Capital Advisors Private Limited
Artedz Fabs Limited Mumbai Textiles 8.32 Small (5-10 Cr) NSE EMERGE Mar 2019 6.00 Low (1-10) Pantomath Capital Advisors Private Limited
Ritco Logistics Limited New Delhi Minerals 48.18 Large (25-50 Cr) BSE SME Feb 2019 14.30 Average (10-20) Pantomath Capital Advisors Private Limited
Surani Steel Tubes Limited Gandhinagar Steel - Tubes and Pipes 12.92 Medium (10-25 Cr) NSE EMERGE Feb 2019 34.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Deccan Health Care Limited Hyderabad Pharmaceutical 42.12 Large (25-50 Cr) BSE SME Dec 2018 16.00 Average (10-20) Pantomath Capital Advisors Private Limited
Shubhlaxmi Jewel Art Limited Bhavnagar Jewellery 6.51 Small (5-10 Cr) NSE EMERGE Dec 2018 24.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Vinny Overseas Limited Ahmedabad Textiles 10.38 Medium (10-25 Cr) NSE EMERGE Oct 2018 12.00 Average (10-20) Pantomath Capital Advisors Private Limited
Innovative Ideals and Services (India) Limited Mumbai Electric Equipments 12.26 Medium (10-25 Cr) BSE SME Oct 2018 15.00 Average (10-20) Pantomath Capital Advisors Private Limited
Manorama Industries Limited Mumbai Agro 64.00 Very Large (>50 Cr) BSE SME Oct 2018 20.00 Average (10-20) Pantomath Capital Advisors Private Limited
Ushanti Colour Chem Limited Ahmedabad Chemical 11.56 Medium (10-25 Cr) NSE EMERGE Aug 2018 18.00 Average (10-20) Pantomath Capital Advisors Private Limited
Ganga Forging Limited Rajkot Automobile - Forging and Casting 5.00 Very Small (< 5 Cr) NSE EMERGE Jul 2018 32.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Accuracy Shipping Limited Kachchh Logistics 35.76 Large (25-50 Cr) NSE EMERGE Jun 2018 13.00 Average (10-20) Pantomath Capital Advisors Private Limited
Priti International Limited Jodhpur Furniture 5.26 Small (5-10 Cr) NSE EMERGE Jun 2018 18.00 Average (10-20) Pantomath Capital Advisors Private Limited
ShreeOswal Seeds & Chemicals Limited Neemuch Agro 11.90 Medium (10-25 Cr) NSE EMERGE Jun 2018 17.00 Average (10-20) Pantomath Capital Advisors Private Limited
Nakoda Group of Industries Limited Nagpur Agro 6.48 Small (5-10 Cr) BSE SME Jun 2018 18.00 Average (10-20) Pantomath Capital Advisors Private Limited
Debock Sales and Marketing Ltd Ahmedabad Engineering 8.06 Small (5-10 Cr) NSE EMERGE Jun 2018 53.00 Extreme (50+) Pantomath Capital Advisors Private Limited
Affordable Robotic & Automation Limited Pune Engineering - Automotive 31.17 Large (25-50 Cr) BSE SME Jun 2018 17.00 Average (10-20) Pantomath Capital Advisors Private Limited
Shree Vasu Logistics Limited Raipur Logistics 9.29 Small (5-10 Cr) NSE EMERGE Jun 2018 14.00 Average (10-20) Pantomath Capital Advisors Private Limited
Innovators Facade Systems Limited Mumbai Home Decor 40.75 Large (25-50 Cr) BSE SME May 2018 18.00 Average (10-20) Pantomath Capital Advisors Private Limited
Akshar Spintex Limited Jamnagar Textiles 26.99 Large (25-50 Cr) BSE SME May 2018 20.00 Average (10-20) Pantomath Capital Advisors Private Limited
SoftTech Engineers Limited Pune Information Technology - SaaS 22.81 Medium (10-25 Cr) NSE EMERGE May 2018 17.00 Average (10-20) Pantomath Capital Advisors Private Limited
Mahickra Chemicals Limited Ahmedabad Chemical 5.25 Small (5-10 Cr) NSE EMERGE Apr 2018 37.00 Very High (30-50) Pantomath Capital Advisors Private Limited
S.S. Infrastructure Development Consultants Limited Hyderabad Infrastructure 17.11 Medium (10-25 Cr) NSE EMERGE Apr 2018 10.00 Low (1-10) Pantomath Capital Advisors Private Limited
Vera Synthetic Limited Bhavnagar Plastic and Polymer 5.34 Small (5-10 Cr) NSE EMERGE Apr 2018 Extreme (50+) Pantomath Capital Advisors Private Limited
Soni Soya Products Limited Indore Agro - Food Products 4.50 Very Small (< 5 Cr) NSE EMERGE Apr 2018 9.00 Low (1-10) Pantomath Capital Advisors Private Limited
Benara Bearings & Pistons Ltd Agra Engineering - Automotive 33.49 Large (25-50 Cr) BSE SME Apr 2018 14.00 Average (10-20) Pantomath Capital Advisors Private Limited
Macpower CNC Machines Limited Rajkot Engineering 36.61 Large (25-50 Cr) NSE EMERGE Mar 2018 11.00 Average (10-20) Pantomath Capital Advisors Private Limited
South West Pinnacle Exploration Limited New Delhi Minerals 35.86 Large (25-50 Cr) NSE EMERGE Feb 2018 17.00 Average (10-20) Pantomath Capital Advisors Private Limited
Mohini Health & Hygiene Limited Dhar Healthcare 20.71 Medium (10-25 Cr) NSE EMERGE Feb 2018 11.00 Average (10-20) Pantomath Capital Advisors Private Limited
Sintercom India Limited Pune Engineering - Automotive 42.55 Large (25-50 Cr) NSE EMERGE Feb 2018 27.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
A&M Jumbo Bags Limited Ahmedabad Packaging & Disposables 4.00 Very Small (< 5 Cr) NSE EMERGE Feb 2018 36.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Focus Suits Solutions & Services Limited Bangalore Corporate Solutions 6.49 Small (5-10 Cr) BSE SME Feb 2018 14.00 Average (10-20) Pantomath Capital Advisors Private Limited
Gujarat Hy-Spin Limited Rajkot Textiles 4.45 Very Small (< 5 Cr) BSE SME Feb 2018 50.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Shree Ram Protiens Ltd Rajkot Agro 19.90 Medium (10-25 Cr) NSE EMERGE Feb 2018 86.00 Extreme (50+) Pantomath Capital Advisors Private Limited
One Point One Solutions Limited Mumbai Education 44.38 Large (25-50 Cr) NSE EMERGE Dec 2017 23.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Ambition Mica Limited Ahmedabad Furniture 12.60 Medium (10-25 Cr) BSE SME Nov 2017 37.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Tirupati Forge Limited Rajkot Engineering - Automotive 5.22 Small (5-10 Cr) NSE EMERGE Oct 2017 33.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Beta Drugs Limited Baddi Pharmaceutical 19.52 Medium (10-25 Cr) NSE EMERGE Oct 2017 14.00 Average (10-20) Pantomath Capital Advisors Private Limited
IRIS Business Services Limited Mumbai Information Technology - Data Solutions 16.01 Medium (10-25 Cr) BSE SME Oct 2017 0.00 NA Pantomath Capital Advisors Private Limited
Goldstar Power Limited Jamnagar Electric Equipments 7.25 Small (5-10 Cr) NSE EMERGE Oct 2017 29.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Airo Lam Limited Prantij Furniture 15.20 Medium (10-25 Cr) NSE EMERGE Oct 2017 22.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Innovative Tyres & Tubes Limited Panchmahals Engineering - Automotive 28.34 Large (25-50 Cr) NSE EMERGE Oct 2017 19.00 Average (10-20) Pantomath Capital Advisors Private Limited
Shree Tirupati Balajee FIBC Limited Pithampur Plastic and Polymer 10.80 Medium (10-25 Cr) NSE EMERGE Oct 2017 14.00 Average (10-20) Pantomath Capital Advisors Private Limited
RM Drip & Sprinklers Systems Limited Nashik Engineering 11.46 Medium (10-25 Cr) NSE EMERGE Oct 2017 28.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Worth Peripherals Limited Indore Packaging & Disposables 18.28 Medium (10-25 Cr) NSE EMERGE Sep 2017 9.00 Low (1-10) Pantomath Capital Advisors Private Limited
Lexus Granito (India) Limited Rajkot Ceramic and Stone - Marble, Tiles and Granite 25.92 Large (25-50 Cr) NSE EMERGE Aug 2017 17.00 Average (10-20) Pantomath Capital Advisors Private Limited
Vaishali Pharma Limited Mumbai Pharmaceutical 14.23 Medium (10-25 Cr) NSE EMERGE Aug 2017 72.00 Extreme (50+) Pantomath Capital Advisors Private Limited
Jigar Cables Limited Rajkot Cables and Wires 5.59 Small (5-10 Cr) BSE SME Jul 2017 0.00 NA Pantomath Capital Advisors Private Limited
Shrenik Limited Ahmedabad Retail 21.60 Medium (10-25 Cr) NSE EMERGE Jul 2017 19.00 Average (10-20) Pantomath Capital Advisors Private Limited
Bansal Multiflex Limited Ahmedabad Textiles 6.20 Small (5-10 Cr) NSE EMERGE Jul 2017 44.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Gautam Exim Limited Vapi Retail 3.32 Very Small (< 5 Cr) BSE SME Jul 2017 14.00 Average (10-20) Pantomath Capital Advisors Private Limited
Zota Health Care Limited Surat Pharmaceutical 58.50 Very Large (>50 Cr) NSE EMERGE May 2017 40.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Panache Digilife Limited Mumbai Information Technology 14.58 Medium (10-25 Cr) NSE EMERGE Apr 2017 25.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Creative Peripherals & Distribution Limited Mumbai Electric Equipments 13.50 Medium (10-25 Cr) NSE EMERGE Apr 2017 46.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Bohra Industries Limited Udaipur Chemical 25.15 Large (25-50 Cr) NSE EMERGE Apr 2017 16.00 Average (10-20) Pantomath Capital Advisors Private Limited
Oceanic Foods Limited Jamnagar Agro - Food Products 6.50 Small (5-10 Cr) BSE SME Mar 2017 32.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Euro India Fresh Foods Limited Surat FMCG - Snacks and Beverages 51.26 Very Large (>50 Cr) NSE EMERGE Mar 2017 0.00 NA Pantomath Capital Advisors Private Limited
Chemcrux Enterprises Limited Vadodara Chemical 2.40 Very Small (< 5 Cr) BSE SME Mar 2017 4.00 Low (1-10) Pantomath Capital Advisors Private Limited
Manomay Tex India Limited Bhilwara Textiles 11.41 Medium (10-25 Cr) BSE SME Mar 2017 11.00 Average (10-20) Pantomath Capital Advisors Private Limited
Madhav Copper Limited Bhavnagar Cables and Wires 4.48 Very Small (< 5 Cr) NSE EMERGE Feb 2017 14.00 Average (10-20) Pantomath Capital Advisors Private Limited
Maheshwari Logistics Limited Vapi Logistics 27.17 Large (25-50 Cr) NSE EMERGE Jan 2017 10.00 Low (1-10) Pantomath Capital Advisors Private Limited
Majestic Research Services & Solutions Limited Bangalore Corporate Solutions 9.99 Small (5-10 Cr) BSE SME Dec 2016 16.00 Average (10-20) Pantomath Capital Advisors Private Limited
Agro Phos India Limited Indore Chemical 12.94 Medium (10-25 Cr) NSE EMERGE Nov 2016 13.00 Average (10-20) Pantomath Capital Advisors Private Limited
Mewar Hi-Tech Engineering Limited Udaipur Engineering - Heavy Machinery 2.34 Very Small (< 5 Cr) BSE SME Oct 2016 0.00 NA Pantomath Capital Advisors Private Limited
Shashijit Infraprojects Limited Vapi Infrastructure 3.49 Very Small (< 5 Cr) BSE SME Oct 2016 13.00 Average (10-20) Pantomath Capital Advisors Private Limited
Bindal Exports Limited Surat Textiles 2.00 Very Small (< 5 Cr) BSE SME Oct 2016 123.00 Extreme (50+) Pantomath Capital Advisors Private Limited
Gretex Industries Limted Kolkata Textiles 2.10 Very Small (< 5 Cr) NSE EMERGE Oct 2016 28.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Sakar Healthcare Limited Ahmedabad Pharmaceutical 14.81 Medium (10-25 Cr) NSE EMERGE Oct 2016 23.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
DRA Consultants Limited Nagpur Engineering - Tech Solutions 2.96 Very Small (< 5 Cr) BSE SME Oct 2016 5.00 Low (1-10) Pantomath Capital Advisors Private Limited
Nandani Creation Limited Jaipur Textiles 4.04 Very Small (< 5 Cr) NSE EMERGE Oct 2016 41.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Narayani Steels Limited Kolkata Steel 11.52 Medium (10-25 Cr) BSE SME Sep 2016 25.00 Moderately High (20-30) Pantomath Capital Advisors Private Limited
Sprayking Agro Equipment Limited Jamnagar Engineering 1.86 Very Small (< 5 Cr) BSE SME Sep 2016 131.00 Extreme (50+) Pantomath Capital Advisors Private Limited
Shiva Granito Export Limited Udaipur Home Decor 5.04 Small (5-10 Cr) BSE SME Sep 2016 0.00 NA Pantomath Capital Advisors Private Limited
Titaanium Ten Enterprise Limited Surat Textiles 2.72 Very Small (< 5 Cr) BSE SME Jul 2016 50.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Commercial Syn Bags Limited Indore Packaging & Disposables 7.66 Small (5-10 Cr) BSE SME Jul 2016 5.00 Low (1-10) Pantomath Capital Advisors Private Limited
Yash Chemex Limited Ahmedabad Chemical 2.51 Very Small (< 5 Cr) BSE SME Jun 2016 46.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Ruby Cables Limited Vadodara Cables and Wires 10.01 Medium (10-25 Cr) BSE SME Apr 2016 37.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Sysco Industries Limited Surat Packaging & Disposables 2.17 Very Small (< 5 Cr) BSE SME Apr 2016 6.00 Low (1-10) Pantomath Capital Advisors Private Limited
Lancer Container Lines Limited Mumbai Logistics 1.85 Very Small (< 5 Cr) BSE SME Apr 2016 9.00 Low (1-10) Pantomath Capital Advisors Private Limited
Vidli Restaurants Limited Mumbai Hotels and Resorts 1.31 Very Small (< 5 Cr) BSE SME Feb 2016 11.00 Average (10-20) Pantomath Capital Advisors Private Limited
Patdiam Jewellery Limited Mumbai Jewellery 5.00 Very Small (< 5 Cr) BSE SME Oct 2015 31.70 Very High (30-50) Pantomath Capital Advisors Private Limited
Sri Krishna Constructions (India) Limited Bangalore Real Estate 11.34 Medium (10-25 Cr) BSE SME Oct 2015 16.00 Average (10-20) Pantomath Capital Advisors Private Limited
Mangalam Seeds Limited Ahmedabad Agro 5.70 Small (5-10 Cr) BSE SME Aug 2015 18.00 Average (10-20) Pantomath Capital Advisors Private Limited
MRSS India Limited Bangalore Corporate Solutions 1.43 Very Small (< 5 Cr) BSE SME Jul 2015 11.00 Average (10-20) Pantomath Capital Advisors Private Limited
MD Inducto Cast Limited Bhavnagar Engineering 17.24 Medium (10-25 Cr) BSE SME Jul 2015 11.00 Average (10-20) Pantomath Capital Advisors Private Limited
Jiya Eco Products Limited Bhavnagar Power and Energy - Bio 4.58 Very Small (< 5 Cr) BSE SME Jul 2015 0.00 NA Pantomath Capital Advisors Private Limited
Ambition Mica Limited Ahmedabad Furniture 4.30 Very Small (< 5 Cr) BSE SME Jul 2015 0.00 NA Pantomath Capital Advisors Private Limited
Filtra Consultants and Engineers Limited Mumbai Engineering 3.11 Very Small (< 5 Cr) BSE SME Apr 2015 11.00 Average (10-20) Pantomath Capital Advisors Private Limited
Supreme (India) Impex Limited Surat Textiles 7.87 Small (5-10 Cr) NSE EMERGE Mar 2015 5.00 Low (1-10) Pantomath Capital Advisors Private Limited
Jet Infraventure Limited Mumbai Real Estate 4.50 Very Small (< 5 Cr) BSE SME Nov 2014 7.00 Low (1-10) Pantomath Capital Advisors Private Limited
Momai Apparels Limited Mumbai Textiles 30.00 Large (25-50 Cr) NSE EMERGE Oct 2014 20.00 Average (10-20) Pantomath Capital Advisors Private Limited
Ultracab India Limited Rajkot Cables and Wires 7.97 Small (5-10 Cr) BSE SME Oct 2014 34.00 Very High (30-50) Pantomath Capital Advisors Private Limited
Women's Next Loungeries Limited Bhiwandi Textiles 6.50 Small (5-10 Cr) BSE SME Apr 2014 16.00 Average (10-20) Pantomath Capital Advisors Private Limited
SIVI Shipping Corporation Limited Surat Engineering 6.86 Small (5-10 Cr) BSE SME Mar 2014 53.00 Extreme (50+) Pantomath Capital Advisors Private Limited

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