130  Total SME IPOs listed in 2025

6,045.32 Crs.  Total funds raised in 2025

92  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

130  Total SME IPOs listed in 2025

6,045.32 Crs.  Total funds raised in 2025

92  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

130  Total SME IPOs listed in 2025

6,045.32 Crs.  Total funds raised in 2025

92  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

130  Total SME IPOs listed in 2025

6045.32 Crs.  Total funds raised in 2,025.00

92  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

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Summary

PE Ratio*
Highest 50.00
Median 17.17
Lowest -177.74
IPO Size (Cr.)
Highest 27870.16
Median 1,258.99
Lowest 13.94
  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.

IPO Year wise Performance

Track the year-wise IPO performance of Mainboard IPOs listed on NSE and BSE through our comprehensive IPO performance tracker. IPOPlatform provides a data-driven summary of all IPOs launched each calendar year, including IPO size, average PE ratio of the year, issue price vs. current market price (CMP), and number of IPOs that listed at gain or loss. This section presents IPO performance reports segmented by year, helping investors, IPO analysts, and businesses analyse share market trends and capital market activity. Whether you’re evaluating IPOs 2024 or recent 2025 IPOs listing, our detailed reports cover post-listing performance. Stay informed with year-wise IPO analytics and performance comparison of Mainboard IPOs in India

Year No of IPOs so far 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)
FY26 29 46,950.68 1,618.99 27.75 43.88x 21  (72%)
8  (28%)
19  (66%)
10  (34%)
15  (52%)
14  (48%)
FY24 78 67,561.56 866.17 10.90 50.36x 64  (82%)
14  (18%)
46  (59%)
32  (41%)
36  (46%)
42  (54%)
FY25 81 179,962.09 2,221.75 24.68 71.98x 68  (84%)
13  (16%)
48  (59%)
33  (41%)
37  (46%)
44  (54%)
FY23 40 57,376.83 1,434.42 32.31 16.25x 30  (75%)
10  (25%)
26  (65%)
14  (35%)
26  (65%)
14  (35%)
FY22 52 120,495.41 2,317.22 29.46 56.10x 48  (92%)
4  (8%)
31  (60%)
21  (40%)
25  (48%)
27  (52%)
FY21 32 54,123.87 1,691.37 22.30 65.46x 32  (100%)
0  (0%)
26  (81%)
6  (19%)
23  (72%)
9  (28%)
FY20 15 25,915.87 1,727.72 20.68 35.27x 14  (93%)
1  (7%)
12  (80%)
3  (20%)
11  (73%)
4  (27%)
FY19 18 20,469.63 1,137.20 22.86 11.45x 17  (94%)
1  (6%)
13  (72%)
5  (28%)
13  (72%)
5  (28%)
FY18 43 84,575.54 1,966.87 30.97 51.05x 42  (98%)
1  (2%)
24  (56%)
19  (44%)
23  (53%)
20  (47%)
FY17 26 28,407.17 1,092.58 28.18 35.50x 26  (100%)
0  (0%)
17  (65%)
9  (35%)
15  (58%)
11  (42%)
FY16 24 15,381.64 640.90 26.00 15.84x 23  (96%)
1  (4%)
11  (46%)
13  (54%)
12  (50%)
12  (50%)
FY15 6 1,267.05 211.18 20.33 28.96x 6  (100%)
0  (0%)
3  (50%)
3  (50%)
3  (50%)
3  (50%)
FY14 4 8,653.57 2,163.39 16.78 5.71x 4  (100%)
0  (0%)
4  (100%)
0  (0%)
4  (100%)
0  (0%)
FY13 8 6,001.79 750.22 21.08 7.97x 7  (88%)
1  (13%)
5  (63%)
3  (38%)
5  (63%)
3  (38%)
FY12 23 8,680.91 377.43 19.81 5.39x 20  (87%)
3  (13%)
10  (43%)
13  (57%)
11  (48%)
12  (52%)
FY11 48 44,384.39 924.67 17.33 14.11x 45  (94%)
3  (6%)
18  (38%)
30  (63%)
16  (33%)
32  (67%)
FY10 35 44,969.68 1,284.85 19.20 14.20x 34  (97%)
1  (3%)
14  (40%)
21  (60%)
14  (40%)
21  (60%)
FY09 16 1,973.33 123.33 18.36 0.50x 13  (81%)
3  (19%)
6  (38%)
10  (63%)
6  (38%)
10  (63%)
FY08 54 27,703.58 522.71 19.67 2.89x 45  (83%)
9  (17%)
23  (43%)
31  (57%)
19  (35%)
35  (65%)
FY07 48 10,000.16 208.34 13.21 0.00x 43  (90%)
5  (10%)
23  (48%)
25  (52%)
22  (46%)
26  (54%)

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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