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	49.00
Median	19.31
Lowest	4.00

IPO Size (Cr.)
Highest	84.60
Median	16.36
Lowest	1.17

*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.

SME Merchant Banker Performance Tracker FY19

SME IPO Performance of Merchant Bankers in India on NSE Emerge and BSE SME for IPO 2019. List of merchant banks with number of SME IPO assisted, Total Fundraise, Average PE Ratio, IPO listed in Gain/loss and Current IPO Performance of the BRLM. Latest SME 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)	SME Migrated to Mainboard
Pantomath Capital Advisors Private Limited	25	485.41	17.97	21 (84%) 4 (16%)	10 (40%) 15 (60%)	10 (40%) 15 (60%)	14 (56%)
Aryaman Financial Services Limited	13	250.26	22.18	11 (85%) 2 (15%)	12 (92%) 1 (8%)	12 (92%) 1 (8%)	6 (46%)
Finshore Management Services Limited	8	57.69	14.20	5 (63%) 3 (38%)	3 (38%) 5 (63%)	3 (38%) 5 (63%)	2 (25%)
Guiness Corporate Advisors Private Limited	7	180.51	22.14	6 (86%) 1 (14%)	5 (71%) 2 (29%)	5 (71%) 2 (29%)	6 (86%)
Gretex Corporate Services Limited	7	66.80	16.83	6 (86%) 1 (14%)	6 (86%) 1 (14%)	5 (71%) 2 (29%)	6 (86%)
Navigant Corporate Advisors Limited	6	109.98	16.50	4 (67%) 2 (33%)	2 (33%) 4 (67%)	2 (33%) 4 (67%)	4 (67%)
Monarch Networth Capital Limited	6	71.63	38.25	4 (67%) 2 (33%)	1 (17%) 5 (83%)	1 (17%) 5 (83%)	4 (67%)
Swastika Investmart Limited	5	68.44	23.20	5 (100%) 0 (0%)	4 (80%) 1 (20%)	4 (80%) 1 (20%)	4 (80%)
Hem Securities Limited	5	71.20	11.40	4 (80%) 1 (20%)	4 (80%) 1 (20%)	4 (80%) 1 (20%)	2 (40%)
First Overseas Capital Limited	4	35.13	34.50	2 (50%) 2 (50%)	0 (0%) 4 (100%)	0 (0%) 4 (100%)	4 (100%)
Fedex Securities Private Limited	4	54.10	26.00	3 (75%) 1 (25%)	0 (0%) 4 (100%)	0 (0%) 4 (100%)	2 (50%)
Sarthi Capital Advisors Private Limited	3	67.32	16.33	1 (33%) 2 (67%)	0 (0%) 3 (100%)	0 (0%) 3 (100%)	2 (67%)
Corporate Capital Ventures Private Limited	3	30.48	22.00	2 (67%) 1 (33%)	1 (33%) 2 (67%)	1 (33%) 2 (67%)	3 (100%)
Beeline Capital Advisors Private Limited	3	21.01	21.00	3 (100%) 0 (0%)	0 (0%) 3 (100%)	0 (0%) 3 (100%)	2 (67%)
Mark Corporate Advisors Private Limited	2	28.14	10.50	1 (50%) 1 (50%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)	2 (100%)
Ckp Financial Services Private Limited	2	38.98	15.50	2 (100%) 0 (0%)	1 (50%) 1 (50%)	1 (50%) 1 (50%)	2 (100%)
Holani Consultants Private Limited	2	46.59	12.00	1 (50%) 1 (50%)	2 (100%) 0 (0%)	2 (100%) 0 (0%)	2 (100%)
Share India Capital Services Private Limited	2	12.38	10.50	1 (50%) 1 (50%)	0 (0%) 2 (100%)	0 (0%) 2 (100%)	1 (50%)
Inventure Merchant Banker Services Private Limited	1	13.32	18.00	0 (0%) 1 (100%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)	0 (0%)
Systematix Corporate Services Limited	1	33.06	16.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%)
Quintessence Enterprises Private Limited	1	6.34	N/A	0 (0%) 1 (100%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)	0 (0%)
Turnaround Corporate Advisors Private Limited	1	4.51	20.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%)
PL Capital Markets Private Limited	1	35.52	15.00	0 (0%) 1 (100%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)	1 (100%)
Arihant Capital Markets Limited	1	25.87	17.00	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%)
Vc Corporate Advisors Private Limited (Vcapl)	1	11.07	9.00	0 (0%) 1 (100%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)	1 (100%)
D And A Financial Services Private Limited	1	4.82	13.00	0 (0%) 1 (100%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)	0 (0%)
Saffron Capital Advisors Private Limited	1	51.08	24.00	0 (0%) 1 (100%)	0 (0%) 1 (100%)	0 (0%) 1 (100%)	1 (100%)
Vivro Financial Services Private Limited	1	39.94	18.70	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%)
Fast Track Finsec Private Limited	1	8.58	12.00	0 (0%) 1 (100%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%)
Boi Merchant Bankers Limited	1	24.60	12.00	0 (0%) 1 (100%)	1 (100%) 0 (0%)	1 (100%) 0 (0%)	1 (100%)

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Summary

PE Ratio^*
Highest	49.00
Median	19.31
Lowest	4.00

IPO Size (Cr.)
Highest	84.60
Median	16.36
Lowest	1.17

*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...

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City wise Mainboard Merchant Banke >> Upcoming Mainboard 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.