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 18.03
Lowest 2.15
IPO Size (Cr.)
Highest 197.90
Median 23.42
Lowest 0.32
  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.

Sector wise SME IPO Performance

SME IPO Performance of IPO Industry and Sector in India on NSE Emerge and BSE SME for IPO FY12. List of IPO category (sector) with number of SME IPO listed, Total Fundraise, Average PE Ratio, IPO listed in Gain/loss and Current IPO Performance of the IPO Industry. Latest SME IPO FY12 of Sectors like Defence IPO, Solar IPO, Tech IPO, Engineering IPO and IT IPO for IPO analysis and review. IPO Category helps Business owners in getting Fair valuation for their company and better peer review. Companies going for IPO Listing get IPO size, PE ratio and Anchor Investor interest based company industry and IPO industry.

Sector 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
Textiles 80 1,223.38 20.19 60  (75%)
20  (25%)
39  (49%)
41  (51%)
33  (41%)
47  (59%)
31  (39%)
Engineering 52 961.89 15.05 46  (88%)
6  (12%)
38  (73%)
14  (27%)
34  (65%)
18  (35%)
16  (31%)
Information Technology - Data Solutions 50 1,138.85 18.30 44  (88%)
6  (12%)
32  (64%)
18  (36%)
26  (52%)
24  (48%)
10  (20%)
Logistics 50 1,268.23 15.84 42  (84%)
8  (16%)
31  (62%)
19  (38%)
22  (44%)
28  (56%)
13  (26%)
Jewellery 45 750.94 24.28 35  (78%)
10  (22%)
20  (44%)
25  (56%)
18  (40%)
27  (60%)
21  (47%)
Banking and Finance 44 830.36 14.06 36  (82%)
8  (18%)
24  (55%)
20  (45%)
23  (52%)
21  (48%)
20  (45%)
Chemical 41 1,143.44 17.11 34  (83%)
7  (17%)
29  (71%)
12  (29%)
25  (61%)
16  (39%)
15  (37%)
Electric Equipments 41 1,256.40 17.20 37  (90%)
4  (10%)
27  (66%)
14  (34%)
25  (61%)
16  (39%)
9  (22%)
Infrastructure 41 1,173.90 17.62 33  (80%)
8  (20%)
20  (49%)
21  (51%)
18  (44%)
23  (56%)
14  (34%)
Pharmaceutical 37 806.65 21.31 27  (73%)
10  (27%)
14  (38%)
23  (62%)
11  (30%)
26  (70%)
10  (27%)
Agro 36 740.82 18.92 30  (83%)
6  (17%)
12  (33%)
24  (67%)
11  (31%)
25  (69%)
14  (39%)
Real Estate 36 524.08 20.65 30  (83%)
6  (17%)
17  (47%)
19  (53%)
16  (44%)
20  (56%)
11  (31%)
Agro - Food Products 32 608.81 19.17 26  (81%)
6  (19%)
18  (56%)
14  (44%)
18  (56%)
14  (44%)
9  (28%)
Packaging & Disposables 31 444.42 16.19 29  (94%)
2  (6%)
14  (45%)
17  (55%)
13  (42%)
18  (58%)
6  (19%)
Plastic and Polymer 31 563.65 19.45 28  (90%)
3  (10%)
21  (68%)
10  (32%)
20  (65%)
11  (35%)
6  (19%)
Corporate Solutions 29 610.01 17.99 20  (69%)
9  (31%)
7  (24%)
22  (76%)
5  (17%)
24  (83%)
6  (21%)
Steel 26 869.48 17.16 19  (73%)
7  (27%)
16  (62%)
10  (38%)
15  (58%)
11  (42%)
7  (27%)
Furniture 23 513.26 17.46 18  (78%)
5  (22%)
13  (57%)
10  (43%)
12  (52%)
11  (48%)
8  (35%)
Advertising and Media 22 458.47 16.70 19  (86%)
3  (14%)
7  (32%)
15  (68%)
6  (27%)
16  (73%)
4  (18%)
Cables and Wires 22 430.56 22.12 17  (77%)
5  (23%)
11  (50%)
11  (50%)
7  (32%)
15  (68%)
10  (45%)
Engineering - EPC 22 665.23 13.21 20  (91%)
2  (9%)
16  (73%)
6  (27%)
15  (68%)
7  (32%)
6  (27%)
Engineering - Automotive 20 623.48 18.70 17  (85%)
3  (15%)
13  (65%)
7  (35%)
11  (55%)
9  (45%)
5  (25%)
Healthcare 20 544.19 17.00 19  (95%)
1  (5%)
13  (65%)
7  (35%)
11  (55%)
9  (45%)
1  (5%)
Information Technology 20 587.21 16.24 15  (75%)
5  (25%)
11  (55%)
9  (45%)
9  (45%)
11  (55%)
5  (25%)
Retail 19 286.86 18.32 18  (95%)
1  (5%)
6  (32%)
13  (68%)
5  (26%)
14  (74%)
10  (53%)
Film and Animation - VFX 15 345.16 12.46 11  (73%)
4  (27%)
4  (27%)
11  (73%)
3  (20%)
12  (80%)
3  (20%)
Metal 14 332.49 20.42 11  (79%)
3  (21%)
9  (64%)
5  (36%)
7  (50%)
7  (50%)
5  (36%)
Healthcare - Hospitals and Clinic 13 459.57 24.63 8  (62%)
5  (38%)
4  (31%)
9  (69%)
3  (23%)
10  (77%)
1  (8%)
Information Technology - SaaS 13 298.60 13.75 11  (85%)
2  (15%)
8  (62%)
5  (38%)
8  (62%)
5  (38%)
3  (23%)
FMCG - Snacks and Beverages 12 260.46 15.11 12  (100%)
0  (0%)
9  (75%)
3  (25%)
9  (75%)
3  (25%)
2  (17%)
Solar 12 454.10 19.69 10  (83%)
2  (17%)
9  (75%)
3  (25%)
6  (50%)
6  (50%)
3  (25%)
Telecom 12 370.44 12.72 12  (100%)
0  (0%)
6  (50%)
6  (50%)
5  (42%)
7  (58%)
3  (25%)
Textiles - Fabrics 12 290.70 12.17 10  (83%)
2  (17%)
4  (33%)
8  (67%)
5  (42%)
7  (58%)
1  (8%)
Aluminium 11 280.11 18.64 9  (82%)
2  (18%)
8  (73%)
3  (27%)
8  (73%)
3  (27%)
3  (27%)
Education - Edtech 11 181.58 19.58 9  (82%)
2  (18%)
5  (45%)
6  (55%)
4  (36%)
7  (64%)
1  (9%)
Banking and Finance - FinTech 10 367.43 28.33 8  (80%)
2  (20%)
6  (60%)
4  (40%)
6  (60%)
4  (40%)
2  (20%)
Advertising and Media - Events 9 337.95 17.06 7  (78%)
2  (22%)
5  (56%)
4  (44%)
5  (56%)
4  (44%)
1  (11%)
Hotels and Resorts 9 161.20 21.45 5  (56%)
4  (44%)
5  (56%)
4  (44%)
6  (67%)
3  (33%)
1  (11%)
Human Resources and Manpower 9 299.99 14.73 6  (67%)
3  (33%)
6  (67%)
3  (33%)
6  (67%)
3  (33%)
1  (11%)
Information Technology - Hardware 9 367.71 22.44 7  (78%)
2  (22%)
5  (56%)
4  (44%)
4  (44%)
5  (56%)
2  (22%)
Steel - Iron 9 327.61 17.23 7  (78%)
2  (22%)
4  (44%)
5  (56%)
3  (33%)
6  (67%)
2  (22%)
Steel - Tubes and Pipes 9 153.19 13.21 6  (67%)
3  (33%)
4  (44%)
5  (56%)
3  (33%)
6  (67%)
3  (33%)
Travel and Tourism 9 164.97 13.93 7  (78%)
2  (22%)
3  (33%)
6  (67%)
1  (11%)
8  (89%)
1  (11%)
Automobile - Forging and Casting 8 158.99 18.11 8  (100%)
0  (0%)
7  (88%)
1  (13%)
6  (75%)
2  (25%)
2  (25%)
Chemical - Speciality 8 205.88 16.17 7  (88%)
1  (13%)
5  (63%)
3  (38%)
3  (38%)
5  (63%)
2  (25%)
Electric Equipments - OEM 8 217.89 23.48 6  (75%)
2  (25%)
7  (88%)
1  (13%)
7  (88%)
1  (13%)
0  (0%)
FMCG 8 132.80 20.32 5  (63%)
3  (38%)
4  (50%)
4  (50%)
4  (50%)
4  (50%)
0  (0%)
Healthcare - Personal Care 8 212.49 12.79 7  (88%)
1  (13%)
4  (50%)
4  (50%)
4  (50%)
4  (50%)
2  (25%)
Power and Energy 8 347.44 19.22 6  (75%)
2  (25%)
6  (75%)
2  (25%)
4  (50%)
4  (50%)
2  (25%)
Agro - Plantation 7 112.56 16.02 4  (57%)
3  (43%)
1  (14%)
6  (86%)
1  (14%)
6  (86%)
1  (14%)
Chemical - Paint and Adhesives 7 159.01 22.24 3  (43%)
4  (57%)
5  (71%)
2  (29%)
5  (71%)
2  (29%)
1  (14%)
Minerals 7 211.06 18.42 7  (100%)
0  (0%)
5  (71%)
2  (29%)
5  (71%)
2  (29%)
5  (71%)
E-Commerce 6 145.32 10.18 4  (67%)
2  (33%)
2  (33%)
4  (67%)
1  (17%)
5  (83%)
0  (0%)
Engineering - Heavy Machinery 6 170.28 15.35 5  (83%)
1  (17%)
6  (100%)
0  (0%)
6  (100%)
0  (0%)
1  (17%)
Outsourcing 6 70.23 29.45 4  (67%)
2  (33%)
3  (50%)
3  (50%)
4  (67%)
2  (33%)
2  (33%)
Rubber 6 100.09 20.53 6  (100%)
0  (0%)
5  (83%)
1  (17%)
4  (67%)
2  (33%)
1  (17%)
Oil and Gas 6 111.52 22.39 5  (83%)
1  (17%)
4  (67%)
2  (33%)
3  (50%)
3  (50%)
2  (33%)
Home Decor 6 205.12 19.50 4  (67%)
2  (33%)
5  (83%)
1  (17%)
5  (83%)
1  (17%)
0  (0%)
Ceramic and Stone - Marble, Tiles and Granite 5 116.64 14.20 5  (100%)
0  (0%)
3  (60%)
2  (40%)
3  (60%)
2  (40%)
2  (40%)
Chemical - Pesticides 5 149.56 14.30 5  (100%)
0  (0%)
4  (80%)
1  (20%)
4  (80%)
1  (20%)
0  (0%)
Engineering - Tech Solutions 5 132.29 9.59 5  (100%)
0  (0%)
3  (60%)
2  (40%)
2  (40%)
3  (60%)
0  (0%)
Outsourcing - BPO 5 37.57 15.42 4  (80%)
1  (20%)
4  (80%)
1  (20%)
3  (60%)
2  (40%)
1  (20%)
Solar - Panels 5 142.19 20.39 5  (100%)
0  (0%)
3  (60%)
2  (40%)
3  (60%)
2  (40%)
0  (0%)
Automobile 4 47.14 26.69 2  (50%)
2  (50%)
1  (25%)
3  (75%)
1  (25%)
3  (75%)
1  (25%)
Education 4 97.23 16.14 3  (75%)
1  (25%)
1  (25%)
3  (75%)
1  (25%)
3  (75%)
2  (50%)
Healthcare - Ayurvedic 4 66.86 24.84 4  (100%)
0  (0%)
2  (50%)
2  (50%)
2  (50%)
2  (50%)
1  (25%)
Recycling - Waste 4 95.76 31.09 4  (100%)
0  (0%)
3  (75%)
1  (25%)
2  (50%)
2  (50%)
1  (25%)
Valves 4 87.60 23.87 3  (75%)
1  (25%)
4  (100%)
0  (0%)
2  (50%)
2  (50%)
1  (25%)
Paper and Stationery 4 216.28 15.69 1  (25%)
3  (75%)
0  (0%)
4  (100%)
1  (25%)
3  (75%)
0  (0%)
Defence 3 135.54 23.05 3  (100%)
0  (0%)
3  (100%)
0  (0%)
2  (67%)
1  (33%)
0  (0%)
Electric Equipments - Transformers 3 354.58 21.02 3  (100%)
0  (0%)
3  (100%)
0  (0%)
3  (100%)
0  (0%)
0  (0%)
ESG - Waste 3 107.55 24.68 3  (100%)
0  (0%)
2  (67%)
1  (33%)
2  (67%)
1  (33%)
0  (0%)
Pharmaceutical - Ayurvedic 3 73.07 12.54 1  (33%)
2  (67%)
2  (67%)
1  (33%)
3  (100%)
0  (0%)
0  (0%)
Recycling 3 59.33 21.31 3  (100%)
0  (0%)
2  (67%)
1  (33%)
1  (33%)
2  (67%)
1  (33%)
Recycling - Metal 3 69.58 9.72 3  (100%)
0  (0%)
3  (100%)
0  (0%)
2  (67%)
1  (33%)
1  (33%)
Agro - Flour Mill 2 42.00 12.87 1  (50%)
1  (50%)
1  (50%)
1  (50%)
1  (50%)
1  (50%)
0  (0%)
Agro - Sugar 2 28.19 7.23 1  (50%)
1  (50%)
1  (50%)
1  (50%)
1  (50%)
1  (50%)
0  (0%)
Ceramic and Stone 2 51.25 17.07 2  (100%)
0  (0%)
1  (50%)
1  (50%)
0  (0%)
2  (100%)
0  (0%)
Corporate Solutions - Gifts 2 30.47 20.71 2  (100%)
0  (0%)
1  (50%)
1  (50%)
1  (50%)
1  (50%)
0  (0%)
Drone 2 78.17 45.00 2  (100%)
0  (0%)
2  (100%)
0  (0%)
0  (0%)
2  (100%)
0  (0%)
ESG 2 66.72 28.10 2  (100%)
0  (0%)
2  (100%)
0  (0%)
2  (100%)
0  (0%)
0  (0%)
Glass 2 71.84 13.36 2  (100%)
0  (0%)
2  (100%)
0  (0%)
1  (50%)
1  (50%)
0  (0%)
Power and Energy - Bio 2 15.84 13.50 1  (50%)
1  (50%)
1  (50%)
1  (50%)
1  (50%)
1  (50%)
1  (50%)
Real Estate - Broking 2 18.23 10.87 2  (100%)
0  (0%)
1  (50%)
1  (50%)
0  (0%)
2  (100%)
0  (0%)
Hotels and Resorts - QSR 2 28.47 16.14 2  (100%)
0  (0%)
1  (50%)
1  (50%)
0  (0%)
2  (100%)
0  (0%)
Liquor and Distilleries 2 173.33 15.77 2  (100%)
0  (0%)
2  (100%)
0  (0%)
2  (100%)
0  (0%)
0  (0%)
Cement 1 4.92 9.94 1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
0  (0%)
Chemical - Salt 1 18.63 19.19 1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
0  (0%)
Cosmetic 1 27.00 16.90 1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
0  (0%)
Furniture - Industrial Storage 1 12.88 22.30 1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
0  (0%)
Healthcare - Gloves 1 17.07 14.11 1  (100%)
0  (0%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
Power and Energy - Wind 1 6.44 9.00 1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
Real Estate - Residential and Commercial 1 4.92 0.00 1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
Recycling - Polymer 1 40.76 14.29 1  (100%)
0  (0%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
Steel - Tools 1 22.99 13.10 1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
0  (0%)
Tea and Coffee 1 13.01 9.52 0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
Laboratories 1 19.64 18.34 1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
0  (0%)
Footwear 1 21.00 15.09 0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)
1  (100%)
0  (0%)

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Summary

PE Ratio*
Highest 50.00
Median 18.03
Lowest 2.15
IPO Size (Cr.)
Highest 197.90
Median 23.42
Lowest 0.32
  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.

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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.

Learn More

  • 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