67  Total SME IPOs listed in 2025

2,916.30 Crs.  Total funds raised in 2025

45  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

67  Total SME IPOs listed in 2025

2916.30 Crs.  Total funds raised in 2025

45  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

67  Total SME IPOs listed in 2025

2916.30 Crs.  Total funds raised in 2025

45  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

67  Total SME IPOs listed in 2025

2916.30 Crs.  Total funds raised in 2025

45  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

Find More IPO

Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Summary

PE Ratio*
Highest 50.00
Median 18.15
Lowest 2.15
IPO Size (Cr.)
Highest 197.90
Median 22.07
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 IPO Year wise Performace

SME IPO Performance of all IPOs listed year-wise in India on NSE Emerge and BSE SME. This report covers IPOs by calendar year with insights into IPO size, average P/E ratio during the year, issue price, and current market price (CMP). The table also tracks the number of IPOs listed in gains or losses on listing day and their current IPO performance. IPOPlatform offers this year-wise analysis of SME IPOs to help investors, analysts, and businesses understand annual market sentiment and investment outcomes. From IPO 2012 to IPOs 2025, our comprehensive IPO performance tracker provides a data-driven overview of SME IPOs by year—highlighting total capital raised, average valuation multiples (P/E), and trends of IPOs post-listing. Explore how each year shaped the SME IPO market with detailed analytics for better decision-making and IPO review.

Year No of IPOs so far Exchange Total funds raised (Cr.) Avg funds raised (Cr.) Avg PE Ratio Avg Subscription IPO Listed in (Gain/Loss) CMP vs Offer Price (Gain/Loss) CMP vs Listing Price (Gain/Loss)
2025 67 NSE 37 (55%)
BSE 30 (45%)
2,916.30 43.53 18.54 115.65x 45  (67%)
22  (33%)
29  (43%)
38  (57%)
27  (40%)
40  (60%)
2024 247 NSE 67 (27%)
BSE 180 (73%)
9,572.65 38.76 19.45 243.76x 226  (91%)
21  (9%)
146  (59%)
101  (41%)
78  (32%)
169  (68%)
2023 179 NSE 61 (34%)
BSE 118 (66%)
4,822.49 26.94 19.04 100.81x 157  (88%)
22  (12%)
119  (66%)
60  (34%)
99  (55%)
80  (45%)
2022 109 NSE 54 (50%)
BSE 55 (50%)
1,956.67 17.95 17.23 59.02x 90  (83%)
19  (17%)
67  (61%)
42  (39%)
62  (57%)
47  (43%)
2021 56 NSE 34 (61%)
BSE 22 (39%)
796.74 14.23 18.10 12.19x 41  (73%)
15  (27%)
37  (66%)
19  (34%)
36  (64%)
20  (36%)
2020 31 NSE 22 (71%)
BSE 9 (29%)
207.40 6.69 18.39 1.69x 23  (74%)
8  (26%)
20  (65%)
11  (35%)
19  (61%)
12  (39%)
2019 50 NSE 36 (72%)
BSE 14 (28%)
665.34 13.31 16.09 1.78x 42  (84%)
8  (16%)
27  (54%)
23  (46%)
26  (52%)
24  (48%)
2018 145 NSE 64 (44%)
BSE 81 (56%)
2,448.60 16.89 20.20 9.77x 110  (76%)
35  (24%)
69  (48%)
76  (52%)
70  (48%)
75  (52%)
2017 131 NSE 53 (40%)
BSE 78 (60%)
1,744.64 13.32 19.36 0.47x 105  (80%)
26  (20%)
67  (51%)
64  (49%)
64  (49%)
67  (51%)
2016 66 NSE 44 (67%)
BSE 22 (33%)
535.00 8.11 16.86 0.00x 52  (79%)
14  (21%)
45  (68%)
21  (32%)
46  (70%)
20  (30%)
2015 42 NSE 38 (90%)
BSE 4 (10%)
265.52 6.32 13.64 0.00x 34  (81%)
8  (19%)
18  (43%)
24  (57%)
18  (43%)
24  (57%)
2014 41 NSE 39 (95%)
BSE 2 (5%)
302.06 7.37 17.92 0.00x 31  (76%)
10  (24%)
16  (39%)
25  (61%)
17  (41%)
24  (59%)
2013 33 NSE 31 (94%)
BSE 2 (6%)
353.37 10.71 3.53 0.00x 25  (76%)
8  (24%)
7  (21%)
26  (79%)
7  (21%)
26  (79%)
2012 13 NSE 11 (85%)
BSE 2 (15%)
119.77 9.21 2.33 0.00x 13  (100%)
0  (0%)
6  (46%)
7  (54%)
5  (38%)
8  (62%)
1 NSE 1 (100%)
BSE 0 (0%)
0.00 0.00 N/A x 0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)

Is your business IPO-ready?

Get expert guidance for a smooth SME IPO process!



Contact Us Us
SME IPO

Is your business IPO-ready?

Get expert guidance for a smooth IPO process!

Contact Us Us
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.

See more >

*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