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	88.00
Median	30.97
Lowest	6.80

IPO Size (Cr.)
Highest	11175.84
Median	1,966.87
Lowest	35.87

*IPOs with Extreme PE (50+) are excluded from the above calculations.
Above summary is for reference only as the same is based on the limited data set.

Mainboard Merchant Banker Performance Tracker FY18

IPO Performance of Merchant Bankers in India on NSE and BSE stock exchanges for Mainboard IPO 2018. List of merchant banks with number of IPO assisted, Total Fundraise, Average PE Ratio, IPO listed in Gain/loss and Current IPO Performance of the BRLM. Latest IPO Performance of Merchant banking company for IPO 2018. IPO Lead managers help business owners in the IPO Listing Process, Pre IPO Funding and IPO valuation for a Successful IPO Listing. Merchant Banker services guide the company in the IPO process and help in DRHP filing, RHP and Final Prospectus.

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Merchant Banker	No of IPOs so far	Total funds raised (Cr.)	Avg PE Ratio	IPO Listed in Gain/Loss	CMP vs Offer Price (Gain/Loss)	CMP vs Listing Price (Gain/Loss)
Axis Capital Limited	11	31,137.75	38.92	11 (100%) 0 (0%)	8 (73%) 3 (27%)	7 (64%) 4 (36%)
Edelweiss Financial Services Limited	11	23,454.33	49.70	10 (91%) 1 (9%)	9 (82%) 2 (18%)	9 (82%) 2 (18%)
Idfc Bank Limited	9	19,188.28	34.37	9 (100%) 0 (0%)	4 (44%) 5 (56%)	4 (44%) 5 (56%)
IIFL Securities Limited	9	20,093.16	38.99	9 (100%) 0 (0%)	4 (44%) 5 (56%)	3 (33%) 6 (67%)
ICICI Securities Limited	8	12,676.27	26.50	8 (100%) 0 (0%)	5 (63%) 3 (38%)	5 (63%) 3 (38%)
Jm Financial Limited	8	15,228.12	54.23	8 (100%) 0 (0%)	4 (50%) 4 (50%)	4 (50%) 4 (50%)
SBI Capital Markets Limited	8	18,775.60	34.71	8 (100%) 0 (0%)	8 (100%) 0 (0%)	8 (100%) 0 (0%)
Axis Bank Limited	7	18,154.87	28.56	7 (100%) 0 (0%)	1 (14%) 6 (86%)	1 (14%) 6 (86%)
Citigroup Global Markets India Private Limited	6	26,256.20	31.03	5 (83%) 1 (17%)	5 (83%) 1 (17%)	5 (83%) 1 (17%)
Credit Suisse Securities (India) Private Limited	5	18,243.14	23.20	5 (100%) 0 (0%)	3 (60%) 2 (40%)	3 (60%) 2 (40%)
Kotak Mahindra Capital Company Limited	5	20,987.40	37.32	5 (100%) 0 (0%)	2 (40%) 3 (60%)	2 (40%) 3 (60%)
Motilal Oswal Investment Advisors Limited	5	3,669.03	42.00	5 (100%) 0 (0%)	3 (60%) 2 (40%)	3 (60%) 2 (40%)
Yes Securities (India) Limited	5	3,475.02	51.20	5 (100%) 0 (0%)	2 (40%) 3 (60%)	2 (40%) 3 (60%)
Idbi Capital Market Services Limited	4	3,488.86	30.00	4 (100%) 0 (0%)	3 (75%) 1 (25%)	3 (75%) 1 (25%)
Bnp Paribas	3	9,484.80	61.00	3 (100%) 0 (0%)	2 (67%) 1 (33%)	2 (67%) 1 (33%)
Clsa India Private Limited	3	15,938.19	43.63	3 (100%) 0 (0%)	3 (100%) 0 (0%)	3 (100%) 0 (0%)
Hdfc Bank Limited	3	2,719.51	26.00	3 (100%) 0 (0%)	3 (100%) 0 (0%)	3 (100%) 0 (0%)
Nomura Financial Advisory And Securities (India) Private Limited	3	11,601.04	27.33	3 (100%) 0 (0%)	2 (67%) 1 (33%)	2 (67%) 1 (33%)
Karvy Investor Services Limited	2	363.93	24.00	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Deutsche Equities India Private Limited	2	19,575.84	43.10	2 (100%) 0 (0%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)
Goldman Sachs (India) Securities Private Limited	2	5,453.16	17.50	2 (100%) 0 (0%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)
Haitong Securities India Private Limited	2	9,219.00	35.00	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Morgan Stanley India Company Private Limited	2	10,945.01	26.00	1 (50%) 1 (50%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Yes Bank Limited	2	2,066.23	30.95	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Sarthi Capital Advisors Private Limited	1	35.87	6.80	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
Aryaman Financial Services Limited	1	156.00	40.00	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
Pantomath Capital Advisors Private Limited	1	70.00	12.00	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
Vivro Financial Services Private Limited	1	400.00	24.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	0 (0%) 1 (100%)
Equirus Capital Private Limited	1	345.00	18.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Hsbc Securities & Capital Markets Private limited	1	11,175.84	31.19	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
Investec Capital Services (India) Private Limited	1	600.65	0.00	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
Iti Capital Limited	1	600.65	0.00	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
J.P. Morgan India Private Limited	1	4,473.02	35.00	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
Jefferies India Private Limited	1	424.62	30.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Spark Capital Advisors (India) Private Limited	1	481.56	222.00	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
Ubs Securities India Private Limited	1	8,695.01	52.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)

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Summary

PE Ratio^*
Highest	88.00
Median	30.97
Lowest	6.80

IPO Size (Cr.)
Highest	11175.84
Median	1,966.87
Lowest	35.87

*IPOs with Extreme PE (50+) are excluded from the above calculations.
Above summary is for reference only as the same is based on the limited data set.

Explore More...

SME BRLM Performance Tracker >> Mainboard Performance Tracker >>

IPOs by PE Multiple >> SME Performance Tracker >>

City wise Mainboard Merchant Banker >> Upcoming Mainboard IPO >>

City wise SME Merchant Banker >> Upcoming 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.