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	56.00
Median	22.86
Lowest	10.85

IPO Size (Cr.)
Highest	4016.97
Median	1,137.20
Lowest	23.00

*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 FY19

IPO Performance of Merchant Bankers in India on NSE and BSE stock exchanges for Mainboard IPO 2019. 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 2019. 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)
Kotak Mahindra Capital Company Limited	6	9,885.10	29.67	6 (100%) 0 (0%)	3 (50%) 3 (50%)	3 (50%) 3 (50%)
Citigroup Global Markets India Private Limited	5	11,622.27	38.60	5 (100%) 0 (0%)	3 (60%) 2 (40%)	3 (60%) 2 (40%)
Idbi Capital Market Services Limited	4	1,714.07	16.96	4 (100%) 0 (0%)	3 (75%) 1 (25%)	3 (75%) 1 (25%)
Axis Capital Limited	4	5,477.60	17.96	4 (100%) 0 (0%)	3 (75%) 1 (25%)	3 (75%) 1 (25%)
Jm Financial Limited	4	6,885.71	21.39	4 (100%) 0 (0%)	3 (75%) 1 (25%)	3 (75%) 1 (25%)
Clsa India Private Limited	3	7,855.98	21.00	3 (100%) 0 (0%)	3 (100%) 0 (0%)	3 (100%) 0 (0%)
Edelweiss Financial Services Limited	3	6,351.24	38.85	3 (100%) 0 (0%)	3 (100%) 0 (0%)	3 (100%) 0 (0%)
ICICI Securities Limited	3	3,430.86	44.33	3 (100%) 0 (0%)	3 (100%) 0 (0%)	3 (100%) 0 (0%)
IIFL Securities Limited	3	5,877.29	36.67	3 (100%) 0 (0%)	2 (67%) 1 (33%)	2 (67%) 1 (33%)
Morgan Stanley India Company Private Limited	3	6,285.51	18.67	3 (100%) 0 (0%)	2 (67%) 1 (33%)	2 (67%) 1 (33%)
SBI Capital Markets Limited	3	1,369.38	17.28	3 (100%) 0 (0%)	2 (67%) 1 (33%)	2 (67%) 1 (33%)
Bofa Securities India Limited	2	6,817.30	31.50	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Credit Suisse Securities (India) Private Limited	2	3,076.96	39.00	2 (100%) 0 (0%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)
J.P. Morgan India Private Limited	2	3,839.01	16.00	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Yes Securities (India) Limited	2	1,383.37	8.00	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)
Aryaman Financial Services Limited	1	77.40	20.00	0 (0%) 1 (100%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)
Elara Capital (India) Private Limited	1	460.51	11.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Equirus Capital Private Limited	1	212.04	0.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Hdfc Bank Limited	1	1,734.07	56.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Idfc Bank Limited	1	460.51	11.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Iti Capital Limited	1	23.00	0.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)
Motilal Oswal Investment Advisors Limited	1	1,844.00	24.00	1 (100%) 0 (0%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)

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Summary

PE Ratio^*
Highest	56.00
Median	22.86
Lowest	10.85

IPO Size (Cr.)
Highest	4016.97
Median	1,137.20
Lowest	23.00

*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 >>

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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.