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 48.78
Median 18.10
Lowest 3.72
IPO Size (Cr.)
Highest 101.64
Median 14.23
Lowest 1.12
  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 Performance 2021

SME IPO Performance of All IPO based on IPO 2021 in India on NSE Emerge and BSE SME. List of IPO with IPO size, IPO Industry, Merchant Banker, PE Ratio, Issue price and current market price (CMP). Latest SME IPO Performance of all IPOs listed in 2021 for IPO analysis and review. Track the IPO performance 2021 of SME 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(%)
Network People Services Technologies Limited Aug 2021 13.70 Banking and Finance - FinTech 48.78 Boi Merchant Bankers Limited and Holani Consultants Private Limited 80.00 2004.30 (2405 %)
Foce India Limited Dec 2021 29.03 Retail 18.10 Mark Corporate Advisors Private Limited 225.00 1719.00 (664 %)
Knowledge Marine & Engineering Works Limited Mar 2021 10.12 Engineering - EPC 5.00 Hem Securities Limited 37.00 1584.70 (4183 %)
CWD Limited Oct 2021 18.01 Information Technology - Data Solutions 45.80 Aryaman Financial Services Limited 180.00 874.70 (386 %)
NIKS Technology Limited Mar 2021 2.01 Information Technology - Data Solutions 119.64 Gretex Corporate Services Limited 201.00 475.00 (136 %)
Prevest Denpro Limited Sep 2021 26.61 Healthcare 13.55 Hem Securities Limited 84.00 455.00 (442 %)
Kotyark Industries Limited Nov 2021 11.26 Power and Energy - Bio 27.00 Beeline Capital Advisors Private Limited 51.00 412.55 (709 %)
Pavna Industries Limited Mar 2021 29.70 Engineering - Automotive 60.40 Aryaman Financial Services Limited 165.00 402.25 (144 %)
V-Marc India Limited Apr 2021 23.40 Cables and Wires 16.60 Pantomath Capital Advisors Private Limited 39.00 318.50 (717 %)
Gretex Corporate Services Limited Aug 2021 5.13 Banking and Finance 27.29 Aryaman Financial Services Limited 170.00 265.65 (56 %)
Rajeshwari Cans Limited Apr 2021 4.03 Packaging & Disposables 62.00 Fedex Securities Private Limited 20.00 248.00 (1140 %)
Jainam Ferro Alloys (I) Limited Oct 2021 19.61 Steel - Iron 23.73 Hem Securities Limited 70.00 238.00 (240 %)
Wherrelz IT Solutions Limited Dec 2021 2.01 Information Technology - SaaS 0.00 Fedex Securities Private Limited 171.00 237.50 (39 %)
Shri Venkatesh Refineries Limited Oct 2021 11.71 Agro 12.62 Hem Securities Limited 40.00 209.85 (425 %)
Siddhika Coatings Limited Apr 2021 4.70 Chemical - Paint and Adhesives 44.19 Unistone Capital Private Limited 57.00 194.00 (240 %)
BEW Engineering Limited Sep 2021 3.97 Engineering 5.21 First Overseas Capital Limited 58.00 192.65 (232 %)
Dynamic Services & Security Limited Oct 2021 24.13 Human Resources and Manpower 66.23 Finshore Management Services Limited 51.00 172.35 (238 %)
Euro Panel Products Limited Dec 2021 45.50 Aluminium 22.80 Fedex Securities Private Limited 70.00 155.50 (122 %)
Markolines Traffic Controls Limited Sep 2021 40.00 Infrastructure 34.82 Gretex Corporate Services Limited 78.00 153.10 (96 %)
DMR Hydroengineering & Infrastructures Limited Dec 2021 2.09 Engineering 9.81 Shreni Shares Limited 21.00 134.55 (541 %)
Suyog Gurbaxani Funicular Ropeways Limited Nov 2021 29.50 Engineering 0.00 Aryaman Financial Services Limited 45.00 133.00 (196 %)
Platinumone Business Services Limited Sep 2021 3.89 Outsourcing - BPO 13.45 Gretex Corporate Services Limited 92.00 122.95 (34 %)
Naapbooks Limited Sep 2021 3.99 Information Technology - Data Solutions 29.25 GYR Capital Advisors Private Limited 74.00 121.00 (64 %)
MRP Agro Limited Feb 2021 3.24 Agro - Food Products 41.60 Beeline Capital Advisors Private Limited 40.00 120.55 (201 %)
Focus Business Solution Limited Jul 2021 1.22 Banking and Finance - FinTech 7.67 Navigant Corporate Advisors Limited 19.00 115.00 (505 %)
EKI Energy Services Limited Apr 2021 18.60 Recycling 6.50 Hem Securities Limited 102.00 105.90 (4 %)
Rex Pipes and Cables Industries Limited Aug 2021 6.24 Plastic and Polymer 18.43 Navigant Corporate Advisors Limited 26.00 97.80 (276 %)
Aashka Hospitals Limited Sep 2021 101.64 Healthcare - Hospitals and Clinic 68.75 Fedex Securities Private Limited 121.00 94.50 (-22 %)
Party Cruisers Limited Mar 2021 7.75 Advertising and Media - Events 94.00 First Overseas Capital Limited 51.00 90.90 (78 %)
Destiny Logistics & Infra Limited Oct 2021 5.39 Logistics 51.28 Finshore Management Services Limited 20.00 86.70 (334 %)
Abhishek Integrations Limited Jun 2021 4.95 Human Resources and Manpower 125.00 Beeline Capital Advisors Private Limited 50.00 85.95 (72 %)
Samor Reality Limited Oct 2021 8.06 Real Estate 269.57 Beeline Capital Advisors Private Limited 62.00 81.00 (31 %)
Times Green Energy (India) Limited Jun 2021 4.05 Agro 59.80 Aryaman Financial Services Limited 61.00 75.00 (23 %)
Nupur Recyclers Limited Dec 2021 34.20 Recycling - Metal 4.70 Corporate Capital Ventures Private Limited 60.00 69.37 (16 %)
DK Enterprises Global Limited Oct 2021 7.99 Packaging & Disposables 7.51 Beeline Capital Advisors Private Limited 40.00 69.00 (73 %)
Vivo Collaboration Solutions Limited Dec 2021 4.40 Information Technology - SaaS 3.72 Sarthi Capital Advisors Private Limited 82.00 65.15 (-21 %)
ADJIA Technologies Limited Mar 2021 2.00 Information Technology - Data Solutions 87.00 Shreni Shares Limited 74.00 49.00 (-34 %)
Walpar Nutritions Limited Jul 2021 6.60 Healthcare - Ayurvedic 64.00 Beeline Capital Advisors Private Limited 55.00 46.60 (-15 %)
Bombay Metrics Supply Chain Limited Oct 2021 4.29 Engineering 11.02 Unistone Capital Private Limited 93.00 46.60 (-50 %)
SBL Infratech Limited Sep 2021 2.37 Real Estate - Broking 528.00 Fast Track Finsec Private Limited 111.00 42.00 (-62 %)
Clara Industries Limited Dec 2021 3.02 Packaging & Disposables 4.78 Gretex Corporate Services Limited 43.00 39.51 (-8 %)
Kuberan Global Edu Solutions Limited May 2021 1.12 Education - Edtech 28.00 Fedex Securities Private Limited 20.00 35.14 (76 %)
Promax Power Limited Oct 2021 1.60 Engineering 33.33 Finshore Management Services Limited 10.00 32.25 (223 %)
Nidan Laboratories and Healthcare Limited Nov 2021 50.00 Healthcare - Hospitals and Clinic 39.81 First Overseas Capital Limited 125.00 19.50 (-84 %)
Adeshwar Meditex Limited Jun 2021 9.75 Healthcare 19.53 Aryaman Financial Services Limited 25.00 18.00 (-28 %)
Getalong Enterprise Limited Oct 2021 5.18 Textiles 3.90 Shreni Shares Limited 69.00 16.20 (-77 %)
Adishakti Loha and Ispat Limited Oct 2021 2.00 Steel 0.00 Turnaround Corporate Advisors Private Limited 11.00 15.70 (43 %)
Omnipotent Industries Limited Nov 2021 18.90 Infrastructure 12.33 Inventure Merchant Banker Services Private Limited 63.00 14.95 (-76 %)
Jetmall Spices and Masala Limited Apr 2021 4.98 Agro - Food Products 9.20 Mark Corporate Advisors Private Limited 20.00 9.50 (-53 %)
Ashapuri Gold Ornament Limited Mar 2021 30.02 Jewellery 426.00 Mehta Integrated Finance Limited 81.00 7.42 (-91 %)
Navoday Enterprises Limited Jun 2021 4.61 Corporate Solutions 14.81 Inventure Merchant Banker Services Private Limited 20.00 5.69 (-72 %)
Brandbucket Media & Technology Limited Dec 2021 8.25 Advertising and Media 33.13 Inventure Merchant Banker Services Private Limited 55.00 4.90 (-91 %)
Quadpro ITeS Limited Sep 2021 14.10 Information Technology 68.96 Beeline Capital Advisors Private Limited 20.00 3.80 (-81 %)
Rangoli Tradecomm Limited Mar 2021 45.15 Plastic and Polymer 7.83 Fedex Securities Private Limited 207.00 3.52 (-98 %)
AA Plus Tradelink Limited Jul 2021 6.48 Retail 112.50 Inventure Merchant Banker Services Private Limited 18.00 0.78 (-96 %)
DU Digital Technologies Limited Aug 2021 4.49 Information Technology - Data Solutions 154.76 Hem Securities Limited 65.00 (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