65  Total SME IPOs listed in 2025

2,746.17 Crs.  Total funds raised in 2025

43  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

65  Total SME IPOs listed in 2025

2746.17 Crs.  Total funds raised in 2025

43  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

65  Total SME IPOs listed in 2025

2746.17 Crs.  Total funds raised in 2025

43  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

65  Total SME IPOs listed in 2025

2746.17 Crs.  Total funds raised in 2025

43  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

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Summary

PE Ratio*
Highest 48.00
Median 26.75
Lowest 10.85
IPO Size (Cr.)
Highest 4473.02
Median 1,322.14
Lowest 77.40
  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.

Year wise IPO Performance 2018

IPO Performance of All IPO based on IPO 2018 in India on NSE and BSE stock exchanges. List of IPO with IPO size, IPO Industry, Merchant Banker, PE Ratio, Issue price and current market price (CMP). Latest IPO Performance of all IPOs listed in IPO 2018 for IPO analysis and review. Track the IPO performance 2018 of Mainboard IPO 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.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio Merchant Banker Offer Price CMP(%)
Amber Enterprises India Limited Jan 2018 600.00 Electric Equipments 40.00 Bnp Paribas and Edelweiss Financial Services Limited and Idfc Bank Limited and SBI Capital Markets Limited 859.00 6561.50 (664 %)
Hindustan Aeronautics Limited Mar 2018 4144.06 Defence 53.00 Axis Capital Limited and SBI Capital Markets Limited 1215.00 5040.00 (315 %)
HDFC Asset Management Company Limited Aug 2018 2800.33 Banking and Finance 32.00 Axis Capital Limited and Bofa Securities India Limited and Citigroup Global Markets India Private Limited and Clsa India Private Limited and Iifl Securities Limited and J.P. Morgan India Private Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited 1100.00 4784.60 (335 %)
Fine Organic Industries Limited Jul 2018 600.20 Chemical - Speciality 29.55 Edelweiss Financial Services Limited and Jm Financial Limited 783.00 4588.80 (486 %)
Garden Reach Shipbuilders & Engineers Limited Oct 2018 344.69 Defence 16.00 Idbi Capital Market Services Limited and Yes Securities (India) Limited 118.00 2756.20 (2236 %)
Galaxy Surfactants Limited Feb 2018 937.09 Chemical - Speciality 35.00 Edelweiss Financial Services Limited and ICICI Securities Limited and Jm Financial Limited 1480.00 2209.00 (49 %)
Bharat Dynamics Limited Mar 2018 960.94 Defence 23.00 Idbi Capital Market Services Limited and SBI Capital Markets Limited and Yes Securities (India) Limited 428.00 1924.60 (350 %)
Aavas Financiers Limited Oct 2018 1734.07 Banking and Finance 56.00 Citigroup Global Markets India Private Limited and Edelweiss Financial Services Limited and Hdfc Bank Limited and ICICI Securities Limited 821.00 1790.80 (118 %)
Newgen Software Technologies Limited Jan 2018 424.62 Information Technology 30.00 ICICI Securities Limited and Idfc Bank Limited and Jefferies India Private Limited 245.00 1248.20 (409 %)
H.G. Infra Engineering Limited Mar 2018 462.00 Infrastructure 30.00 Hdfc Bank Limited and SBI Capital Markets Limited 270.00 1159.40 (329 %)
CreditAccess Grameen Limited Aug 2018 1131.19 Banking and Finance 48.00 Credit Suisse Securities (India) Private Limited and ICICI Securities Limited and Iifl Securities Limited and Kotak Mahindra Capital Company Limited 422.00 1118.80 (165 %)
ICICI Securities Limited Apr 2018 4016.97 Banking and Finance 31.00 Bofa Securities India Limited and Citigroup Global Markets India Private Limited and Clsa India Private Limited and Edelweiss Financial Services Limited 520.00 896.20 (72 %)
Aster DM Healthcare Limited Feb 2018 980.14 Healthcare 0.00 Axis Bank Limited and Goldman Sachs (India) Securities Private Limited and ICICI Securities Limited and Jm Financial Limited 190.00 569.80 (200 %)
Varroc Engineering Limited Jul 2018 1945.77 Engineering - Automotive 30.00 Citigroup Global Markets India Private Limited and Credit Suisse Securities (India) Private Limited and Iifl Securities Limited and Kotak Mahindra Capital Company Limited 967.00 503.65 (-48 %)
Sandhar Technologies Limited Apr 2018 565.60 Engineering - Automotive 29.00 Axis Capital Limited and ICICI Securities Limited 332.00 452.10 (36 %)
Mishra Dhatu Nigam Limited Apr 2018 438.38 Metal 30.00 Idbi Capital Market Services Limited and SBI Capital Markets Limited 90.00 406.35 (352 %)
IndoStar Capital Finance Limited May 2018 1844.00 Banking and Finance 24.00 Jm Financial Limited and Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited and Motilal Oswal Investment Advisors Limited 572.00 312.45 (-45 %)
RITES Limited Jul 2018 460.51 Chemical 11.00 Elara Capital (India) Private Limited and Idbi Capital Market Services Limited and Idfc Bank Limited and SBI Capital Markets Limited 185.00 273.52 (48 %)
IRCON International Limited Sep 2018 470.49 Infrastructure 10.85 Axis Capital Limited and Idbi Capital Market Services Limited and SBI Capital Markets Limited 475.00 185.51 (-61 %)
Bandhan Bank Limited Mar 2018 4473.02 Banking and Finance 35.00 Axis Bank Limited and Goldman Sachs (India) Securities Private Limited and J.P. Morgan India Private Limited and Jm Financial Limited 375.00 165.60 (-56 %)
Apollo Micro Systems Limited Jan 2018 156.00 Defence 40.00 Aryaman Financial Services Limited 275.00 150.65 (-45 %)
Lemon Tree Hotels Limited Apr 2018 1038.68 Hotels and Resorts 0.00 Clsa India Private Limited and J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited and Yes Securities (India) Limited 56.00 135.46 (142 %)
Karda Construction Limited Apr 2018 77.40 Real Estate 20.00 Aryaman Financial Services Limited 180.00 0.36 (-100 %)
TCNS Clothing Co. Limited Jul 2018 1125.13 Textiles 44.00 Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited 716.00 (0 %)

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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.

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  • 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