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 38.50
Median 11.62
Lowest -47.91
IPO Size (Cr.)
Highest 8750.00
Median 1,711.86
Lowest 199.45
  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 2025

IPO Performance of All IPO based on IPO 2025 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 2025 for IPO analysis and review. Track the IPO performance 2025 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(%)
Hexaware Technologies Limited Feb 2025 8750.00 Information Technology Citigroup Global Markets India Private Limited and Hsbc Securities & Capital Markets Private limited and Iifl Securities Limited and J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited 708.00 805.50 (14 %)
Ajax Engineering Limited Feb 2025 1269.35 Infrastructure 35.62 Citigroup Global Markets India Private Limited and ICICI Securities Limited and Jm Financial Limited and Nuvama Wealth Management Limited and SBI Capital Markets Limited 629.00 668.45 (6 %)
Quadrant Future Tek Limited Jan 2025 290.00 Information Technology -47.91 Sundae Capital Advisors 290.00 469.05 (62 %)
Quality Power Electrical Equipments Limited Feb 2025 858.70 Electric Equipments 32.86 Pantomath Capital Advisors Private Limited 425.00 420.55 (-1 %)
Laxmi Dental Limited Jan 2025 698.06 Healthcare 51.73 Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited and SBI Capital Markets Limited 428.00 393.70 (-8 %)
Dr Agarwals Health Care Limited Feb 2025 3027.26 Healthcare - Hospitals and Clinic 160.48 Jefferies India Private Limited and Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited and Motilal Oswal Investment Advisors Limited 402.00 389.30 (-3 %)
Denta Water and Infra Solutions Limited Jan 2025 220.50 Infrastructure 16.22 Smc Capitals Limited 294.00 316.40 (8 %)
Ather Energy Limited May 2025 2980.76 Automobile -15.52 Axis Capital Limited and Hsbc Securities & Capital Markets Private limited and Jm Financial Limited and Nomura Financial Advisory And Securities (India) Private Limited 321.00 313.15 (-2 %)
Standard Glass Lining Technology Limited Jan 2025 410.05 Engineering 38.50 Iifl Securities Limited and Motilal Oswal Investment Advisors Limited 140.00 171.06 (22 %)
Indo Farm Equipment Limited Jan 2025 260.15 Engineering 105.25 Aryaman Financial Services Limited 215.00 155.31 (-28 %)
Capital Infra Trust InvIT Jan 2025 1578.00 Infrastructure Hdfc Bank Limited and SBI Capital Markets Limited 100.00 88.97 (-11 %)
Stallion India Fluorochemicals Limited Jan 2025 199.45 Chemical 21.55 Sarthi Capital Advisors Private Limited 90.00 75.17 (-16 %)

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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