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 49.42
Median 22.05
Lowest 7.07
IPO Size (Cr.)
Highest 21008.48
Median 1,638.87
Lowest 60.00
  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 2022

IPO Performance of All IPO based on IPO 2022 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 2022 for IPO analysis and review. Track the IPO performance 2022 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(%)
Kaynes Technology India Ltd Nov 2022 857.82 Electric Equipments 84.95 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Iifl Securities Limited 587.00 5932.50 (911 %)
Ethos Limited May 2022 472.29 Retail 96.00 Emkay Global Financial Services Limited and Incred Capital Financial Services Private Limited 878.00 2778.00 (216 %)
Prudent Corporate Advisory Services Limited May 2022 538.61 Banking and Finance 33.94 Axis Capital Limited and Equirus Capital Private Limited and ICICI Securities Limited 630.00 2543.60 (304 %)
Patanjali Foods Limited (Ruchi Soya Industries Limited) Apr 2022 4300.00 FMCG 30.86 Axis Capital Limited and ICICI Securities Limited and SBI Capital Markets Limited 650.00 1711.30 (163 %)
Rainbow Children's Medicare Limited May 2022 1580.85 Healthcare 43.53 Iifl Securities Limited and J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited 542.00 1354.90 (150 %)
Venus Pipes & Tubes Limited May 2022 165.42 Steel - Tubes and Pipes 21.03 Smc Capitals Limited 326.00 1292.20 (296 %)
Global Health Limited Nov 2022 2205.57 Healthcare - Hospitals and Clinic 38.36 Credit Suisse Securities (India) Private Limited and Jefferies India Private Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited 336.00 1184.30 (252 %)
KFin Technologies Limited Dec 2022 1500.00 Banking and Finance 35.92 ICICI Securities Limited and Iifl Securities Limited and J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited 366.00 1049.80 (187 %)
LIC Life Insurance Corporation of India May 2022 21008.48 Insurance 201.91 Axis Capital Limited and Bofa Securities India Limited and Citigroup Global Markets India Private Limited and Goldman Sachs (India) Securities Private Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited and Nomura Financial Advisory And Securities (India) Private Limited and SBI Capital Markets Limited 949.00 845.70 (-11 %)
eMudhra Limited Jun 2022 412.79 Information Technology - Data Solutions 49.42 Iifl Securities Limited and Indorient Financial Services Limited and Yes Securities (India) Limited 256.00 751.60 (194 %)
Aether Industries Limited Jun 2022 808.04 Chemical - Speciality 72.30 Hdfc Bank Limited and Kotak Mahindra Capital Company Limited 642.00 743.25 (16 %)
Vedant Fashions Limited Feb 2022 3149.19 Textiles 106.78 Axis Capital Limited and Edelweiss Financial Services Limited and ICICI Securities Limited and Iifl Securities Limited 866.00 737.85 (-15 %)
Bikaji Foods International Limited Nov 2022 881.22 FMCG 119.05 Axis Capital Limited and Iifl Securities Limited and Intensive Fiscal Services Private Limited and Jm Financial Limited 300.00 723.70 (141 %)
Five Star Business Finance Limited Nov 2022 1593.45 Banking and Finance 24.76 Edelweiss Financial Services Limited and ICICI Securities Limited and Kotak Mahindra Capital Company Limited and Nomura Financial Advisory And Securities (India) Private Limited 474.00 688.00 (45 %)
Archean Chemical Industries Limited Nov 2022 1462.31 Chemical - Speciality 16.78 ICICI Securities Limited and Iifl Securities Limited and Jm Financial Limited 407.00 624.85 (54 %)
Syrma SGS Technology Ltd Aug 2022 840.00 Electric Equipments 50.69 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and ICICI Securities Limited and Iifl Securities Limited 220.00 538.85 (145 %)
Keystone Realtors Limited Nov 2022 635.00 Real Estate 365.54 Axis Capital Limited and Credit Suisse Securities (India) Private Limited 541.00 511.70 (-5 %)
Tamilnad Mercantile Bank Limited Sep 2022 807.84 Banking and Finance 9.22 Axis Capital Limited and Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited 510.00 449.30 (-12 %)
Landmark Cars Limited Dec 2022 552.00 Automobile 27.61 Axis Capital Limited and ICICI Securities Limited 506.00 443.35 (-12 %)
Harsha Engineers International Limited Sep 2022 755.00 Engineering 32.67 Axis Capital Limited and Equirus Capital Private Limited and Jm Financial Limited 330.00 379.25 (15 %)
Delhivery Limited May 2022 5235.00 Logistics 0.00 Bofa Securities India Limited and Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited 487.00 350.90 (-28 %)
Uniparts India Limited Dec 2022 835.61 Engineering 12.89 Axis Capital Limited and Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Jm Financial Limited 577.00 339.25 (-41 %)
DCX Systems Limited Nov 2022 500.00 Defence 90.00 Axis Capital Limited and Edelweiss Financial Services Limited and Saffron Capital Advisors Private Limited 207.00 331.95 (60 %)
Sula Vineyards Limited Dec 2022 960.35 FMCG - Snacks and Beverages 49.24 Clsa India Private Limited and Iifl Securities Limited and Kotak Mahindra Capital Company Limited 357.00 305.75 (-14 %)
Dreamfolks Services Limited Sep 2022 562.10 Information Technology - Data Solutions 104.82 Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited 326.00 272.69 (-16 %)
Campus Activewear Limited May 2022 1400.14 Footwear 78.49 Bofa Securities India Limited and Clsa India Private Limited and Jm Financial Limited and Kotak Mahindra Capital Company Limited 292.00 272.11 (-7 %)
Adani Wilmar Limited Feb 2022 3600.00 FMCG 44.66 Bnp Paribas and Bofa Securities India Limited and Credit Suisse Securities (India) Private Limited and Hdfc Bank Limited and Kotak Mahindra Capital Company Limited 230.00 257.50 (12 %)
Dharmaj Crop Guard Limited Dec 2022 251.15 Agro 14.55 Elara Capital (India) Private Limited and Monarch Networth Capital Limited 237.00 235.11 (-1 %)
Abans Holdings Limited Dec 2022 345.60 Banking and Finance 18.96 Aryaman Financial Services Limited 270.00 218.85 (-19 %)
Veranda Learning Solutions Limited Apr 2022 200.00 Education - Edtech 0.00 Systematix Corporate Services Limited 137.00 208.80 (52 %)
Hariom Pipe Industries Limited Apr 2022 130.05 Steel - Tubes and Pipes 15.15 Iti Capital Limited 153.00 208.80 (36 %)
Elin Electronics Limited Dec 2022 475.00 Electric Equipments 29.69 Axis Capital Limited and Jm Financial Limited 247.00 185.10 (-25 %)
Inox Green Energy Services Limited Nov 2022 740.00 Power and Energy 0.00 Dam Capital Advisors Limited (Formerly Idfc Securities Limited) and Edelweiss Financial Services Limited and Equirus Capital Private Limited and Idbi Capital Market Services Limited 65.00 179.89 (177 %)
Fusion Micro Finance Limited Nov 2022 1103.99 Banking and Finance 12.33 Clsa India Private Limited and ICICI Securities Limited and Iifl Securities Limited and Jm Financial Limited 368.00 170.74 (-54 %)
Paradeep Phosphates Limited May 2022 1501.73 Chemical - Pesticides 7.07 Axis Capital Limited and ICICI Securities Limited and Jm Financial Limited and SBI Capital Markets Limited 42.00 156.89 (274 %)
Electronics Mart India Limited Oct 2022 500.00 Retail 13.95 Anand Rathi Securities Limited and Iifl Securities Limited and Jm Financial Limited 59.00 125.00 (112 %)
Uma Exports Limited Apr 2022 60.00 Agro 12.81 Corporate Capitalventures Private Limited 68.00 72.37 (6 %)
Tracxn Technologies Limited Oct 2022 309.38 Information Technology - Data Solutions 240.00 Iifl Securities Limited 80.00 63.03 (-21 %)
AGS Transact Technologies Limited Jan 2022 680.00 Corporate Solutions 0.00 Hdfc Bank Limited and ICICI Securities Limited and Jm Financial Limited 175.00 5.00 (-97 %)

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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