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 20.31
Lowest 4.80
IPO Size (Cr.)
Highest 92.74
Median 14.42
Lowest 1.54
  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.

SME IPO Performance FY18

SME IPO Performance of All IPO based on IPO FY18 in India on NSE Emerge and BSE SME. List of IPO with IPO size, IPO Industry, Merchant Banker, PE Ratio, Issue price and current market price (CMP). Latest SME IPO Performance of all IPOs listed in FY18 for IPO analysis and review. Track the IPO performance FY18 of SME on NSE and BSE. IPOPlatform provides data-driven insights into how Indian IPOs have performed each Calendar year helping investors, analysts, and businesses understand share market trends. our comprehensive IPO performance tracker is your go-to source for IPO analytics and performance comparison.

Company Name IPO Year (Listed) IPO Size (Cr.) Sector PE Ratio Merchant Banker Offer Price CMP CMP(%)
DP Abhushan Limited Oct 2017 16.61 Jewellery 7.00 Hem Securities Limited 28.00 1640.80 5760%
AKM Lace & Embrotex Limited Sep 2017 4.76 Textiles 53.00 Aryaman Financial Services Limited 25.00 925.95 3604%
Solex Energy Limited Feb 2018 7.18 Solar 27.00 Swastika Investmart Limited 52.00 1289.00 2379%
Beta Drugs Limited Oct 2017 19.52 Pharmaceutical 14.00 Pantomath Capital Advisors Private Limited 85.00 1730.20 1936%
Shree Ganesh Remedies Limited Oct 2017 8.55 Chemical 12.00 Fedex Securities Private Limited 36.00 535.15 1387%
ICE Make Refrigeration Limited Dec 2017 23.71 Electric Equipments 15.00 Vivro Financial Services Private Limited 57.00 758.95 1231%
Shree Tirupati Balajee FIBC Limited Oct 2017 10.80 Plastic and Polymer 14.00 Pantomath Capital Advisors Private Limited 40.00 490.00 1125%
RM Drip & Sprinklers Systems Limited Oct 2017 11.46 Engineering 28.00 Pantomath Capital Advisors Private Limited 57.00 677.25 1088%
IRIS Business Services Limited Oct 2017 16.01 Information Technology - Data Solutions 0.00 Pantomath Capital Advisors Private Limited 34.00 367.10 980%
Dynamic Cables Limited Dec 2017 23.38 Ceramic and Stone - Marble, Tiles and Granite 11.00 Hem Securities Limited 40.00 409.10 923%
InfoBeans Technologies Limited May 2017 36.78 Information Technology 13.00 Sarthi Capital Advisors Private Limited 58.00 558.90 864%
Zota Health Care Limited May 2017 58.50 Pharmaceutical 40.00 Pantomath Capital Advisors Private Limited 125.00 1193.60 855%
Pashupati Cotspin Limited Sep 2017 1.54 Textiles 5.70 Hem Securities Limited 75.00 690.00 820%
Zodiac Energy Limited Dec 2017 10.14 Power and Energy 19.00 Swastika Investmart Limited 52.00 441.50 749%
Creative Peripherals & Distribution Limited Apr 2017 13.50 Electric Equipments 46.00 Pantomath Capital Advisors Private Limited 75.00 625.60 734%
Brand Concepts Limited Jan 2018 12.62 Retail Sarthi Capital Advisors Private Limited 45.00 326.60 626%
Trident Texofab Limited Oct 2017 3.53 Textiles 35.00 Guiness Corporate Advisors Private Limited 30.00 215.75 619%
Captain Technocast Limited Aug 2017 5.70 Metal 15.00 Hem Securities Limited 40.00 277.00 593%
Innovana Thinklabs Limited Dec 2017 7.70 Information Technology - Data Solutions 25.00 Swastika Investmart Limited 70.00 484.10 592%
Escorp Asset Management Limited Apr 2017 3.24 Banking and Finance 166.00 Aryaman Financial Services Limited 15.00 99.92 566%
Macpower CNC Machines Limited Mar 2018 36.61 Engineering 11.00 Pantomath Capital Advisors Private Limited 140.00 907.20 548%
Univastu India Limited Jul 2017 5.99 Engineering - EPC 17.00 Inventure Merchant Banker Services Private Limited 40.00 257.35 543%
Gautam Exim Limited Jul 2017 3.32 Retail 14.00 Pantomath Capital Advisors Private Limited 40.00 242.00 505%
Silver Touch Technologies Limited Dec 2017 40.22 Information Technology - Data Solutions 18.00 Chartered Capital And Investment Limited 121.00 730.95 504%
Felix Industries Limited Dec 2017 4.79 Recycling - Waste 45.00 Monarch Networth Capital Limited 35.00 185.85 431%
Uravi T and Wedge Lamps Limited Mar 2018 15.00 Engineering - Automotive 17.00 Aryaman Financial Services Limited 100.00 493.45 393%
Inflame Appliances Limited Mar 2018 6.48 Engineering 22.00 Swastika Investmart Limited 54.00 246.50 356%
Jash Engineering Limited Oct 2017 48.01 Engineering - EPC 14.00 Systematix Corporate Services Limited 120.00 543.70 353%
Ashok Masala Mart Limited Aug 2017 2.01 Agro 43.00 Navigant Corporate Advisors Limited 10.00 44.65 347%
Omfurn India Limited Oct 2017 4.17 Furniture 9.70 Sarthi Capital Advisors Private Limited 23.00 101.35 341%
KMS Medisurgi Limited Apr 2017 2.70 Healthcare 60.00 Navigant Corporate Advisors Limited 30.00 126.50 322%
Share India Securities Limited Oct 2017 26.37 Banking and Finance 12.00 Hem Securities Limited 41.00 170.70 316%
Servotech Power Systems Limited Aug 2017 15.13 Electric Equipments 11.00 Sarthi Capital Advisors Private Limited 31.00 128.47 314%
Worth Peripherals Limited Sep 2017 18.28 Packaging & Disposables 9.00 Pantomath Capital Advisors Private Limited 43.00 153.27 256%
Sheetal Cool Products Limited Oct 2017 24.00 Agro - Food Products 36.00 Guiness Corporate Advisors Private Limited 80.00 266.45 233%
Rithwik Facility Management Services Limited Jan 2018 4.05 Real Estate 64.00 Inventure Merchant Banker Services Private Limited 50.00 162.75 226%
Ratnabhumi Developers Limited Dec 2017 23.31 Real Estate 315.00 Corporate Capital Ventures Private Limited 63.00 199.15 216%
Panache Digilife Limited Apr 2017 14.58 Information Technology 25.00 Pantomath Capital Advisors Private Limited 81.00 253.25 213%
DP Wires Limited Oct 2017 26.88 Plastic and Polymer 20.00 Sarthi Capital Advisors Private Limited 75.00 213.32 184%
Airo Lam Limited Oct 2017 15.20 Furniture 22.00 Pantomath Capital Advisors Private Limited 38.00 107.36 183%
Arvee Laboratories (India) Limited Feb 2018 8.91 Chemical - Speciality 52.00 Sarthi Capital Advisors Private Limited 61.00 166.56 173%
Dev Information Technology Limited Apr 2017 6.25 Information Technology 10.00 Hem Securities Limited 42.00 110.92 164%
Shreeshay Engineers Limited Mar 2018 5.40 Real Estate 75.00 Aryaman Financial Services Limited 13.00 33.15 155%
Touchwood Entertainment Limited Dec 2017 4.21 Advertising and Media - Events 19.00 Corporate Capital Ventures Private Limited 40.00 97.64 144%
Gujarat Hy-Spin Limited Feb 2018 4.45 Textiles 50.00 Pantomath Capital Advisors Private Limited 10.00 24.25 143%
Sikko Industries Ltd Apr 2017 5.12 Chemical 17.00 Swastika Investmart Limited 32.00 72.83 128%
Focus Lighting And Fixtures Limited Apr 2017 4.05 Electric Equipments 5.00 Sarthi Capital Advisors Private Limited 45.00 102.35 127%
Active Clothing Co Limited Mar 2018 26.56 Textiles 26.00 Ajcon Global Services Limited 65.00 141.70 118%
Meera Industries Limited May 2017 3.89 Textiles 12.00 Guiness Corporate Advisors Private Limited 36.00 71.21 98%
Geekay Wires Limited Aug 2017 11.00 Cables and Wires 42.00 Aryaman Financial Services Limited 33.00 64.72 96%
Sintercom India Limited Feb 2018 42.55 Engineering - Automotive 27.00 Pantomath Capital Advisors Private Limited 65.00 127.27 96%
Jigar Cables Limited Jul 2017 5.59 Cables and Wires 0.00 Pantomath Capital Advisors Private Limited 30.00 57.45 92%
MRC Exim Limited Dec 2017 4.50 Steel 150.00 Inventure Merchant Banker Services Private Limited 15.00 28.60 91%
Aarvi Encon Limited Oct 2017 21.24 Human Resources and Manpower 15.00 Sarthi Capital Advisors Private Limited 54.00 102.00 89%
South West Pinnacle Exploration Limited Feb 2018 35.86 Minerals 17.00 Pantomath Capital Advisors Private Limited 78.00 143.72 84%
Total Transport Systems Limited Aug 2017 17.01 Logistics 11.00 Sarthi Capital Advisors Private Limited 45.00 82.36 83%
Marvel Decor Limited Mar 2018 26.26 Home Decor 34.00 Sarthi Capital Advisors Private Limited 57.00 93.00 63%
RKEC Projects Limited Oct 2017 28.70 Infrastructure 8.20 Hem Securities Limited 45.00 64.98 44%
East India Securities Limited Mar 2018 92.74 Banking and Finance 9.00 Finshore Management Services Limited 920.00 1320.00 43%
ASL Industries Limited Apr 2017 9.80 Automobile - Forging and Casting 140.00 Guiness Corporate Advisors Private Limited 35.00 49.50 41%
Reliable Data Services Limited Oct 2017 14.82 Information Technology - Data Solutions 30.00 Swastika Investmart Limited 57.00 76.54 34%
Tara Chand Logistic Solutions Limited Mar 2018 20.46 Logistics 12.00 Hem Securities Limited 55.00 72.26 31%
Mohini Health & Hygiene Limited Feb 2018 20.71 Healthcare 11.00 Pantomath Capital Advisors Private Limited 42.00 54.95 31%
Diggi Multitrade Limited Dec 2017 3.38 Banking and Finance 26.00 Gretex Corporate Services Limited 13.00 16.97 31%
Siddharth Education Services Limited Oct 2017 10.88 Banking and Finance 39.00 Gretex Corporate Services Limited 35.00 44.43 27%
Surevin BPO Services Limited Aug 2017 3.65 Outsourcing - BPO 6.51 Hem Securities Limited 40.00 50.37 26%
Hindcon Chemicals Limited Mar 2018 7.73 Chemical 7.00 Hem Securities Limited 28.00 33.87 21%
Jhandewalas Foods Limited Jan 2018 16.01 Agro - Food Products 24.00 Guiness Corporate Advisors Private Limited 55.00 66.42 21%
Yug Decor Limited May 2017 2.88 Plastic and Polymer 44.00 Gretex Corporate Services Limited 26.00 30.00 15%
Lorenzini Apparels Limited Feb 2018 4.47 Textiles 12.00 Fedex Securities Private Limited 10.00 10.73 7%
Bhakti Gems and Jewellery Limited May 2017 3.92 Jewellery 25.00 Guiness Corporate Advisors Private Limited 20.00 20.62 3%
Cadsys (India) Limited Oct 2017 14.70 Information Technology 4.80 Saffron Capital Advisors Private Limited 70.00 67.95 -3%
ANI Integrated Services Limited Nov 2017 25.66 Human Resources and Manpower 12.00 Hem Securities Limited 100.00 90.50 -10%
Shradha Infraprojects (Nagpur) Limited Dec 2017 18.93 Real Estate 11.00 Aryaman Financial Services Limited 70.00 61.87 -12%
Milton Industries Limited Oct 2017 14.28 Furniture 12.00 Swastika Investmart Limited 34.00 28.90 -15%
Ashoka Metcast Limited Feb 2018 12.00 Oil and Gas 26.00 Aryaman Financial Services Limited 20.00 16.85 -16%
Angel Fibers Limited Mar 2018 18.22 Textiles 13.00 Guiness Corporate Advisors Private Limited 27.00 22.31 -17%
Vertoz Advertising Limited Nov 2017 17.11 Advertising and Media 16.00 Guiness Corporate Advisors Private Limited 108.00 87.69 -19%
Madhya Pradesh Today Media Limited Sep 2017 14.17 Advertising and Media 12.90 Mark Corporate Advisors Private Limited 66.00 52.40 -21%
Pulz Electronics Limited Nov 2017 3.92 Electric Equipments 9.22 Sarthi Capital Advisors Private Limited 54.00 42.20 -22%
Banka BioLoo Limited Feb 2018 12.63 Recycling - Waste 74.00 Aryaman Financial Services Limited 115.00 87.18 -24%
Poojawestern Metaliks Limited Oct 2017 5.48 Metal Pantomath Capital Advisors Private Limited 36.00 27.14 -25%
Vadivarhe Speciality Chemicals Limited Jun 2017 14.46 Chemical - Speciality 9.00 Hem Securities Limited 42.00 30.00 -29%
One Point One Solutions Limited Dec 2017 44.38 Education 23.00 Pantomath Capital Advisors Private Limited 67.00 47.16 -30%
Lexus Granito (India) Limited Aug 2017 25.92 Ceramic and Stone - Marble, Tiles and Granite 17.00 Pantomath Capital Advisors Private Limited 45.00 31.00 -31%
Ace Integrated Solutions Limited Jul 2017 7.20 Corporate Solutions 25.00 D And A Financial Services Private Limited 40.00 24.05 -40%
Innovative Tyres & Tubes Limited Oct 2017 28.34 Engineering - Automotive 19.00 Pantomath Capital Advisors Private Limited 45.00 27.04 -40%
Transwind Infrastructures Limited Jul 2017 7.29 Infrastructure 30.00 Swastika Investmart Limited 27.00 15.15 -44%
Riddhi Corporate Services Limited Jun 2017 12.35 Telecom 16.00 Gretex Corporate Services Limited 130.00 71.57 -45%
Shri Ram Switchgears Limited Jun 2017 5.07 Electric Equipments 9.80 Sarthi Capital Advisors Private Limited 19.00 10.10 -47%
Vanta Bioscience Limited Oct 2017 7.56 Pharmaceutical 0.00 Inventure Merchant Banker Services Private Limited 50.00 25.62 -49%
Pure Giftcarat Limited May 2017 7.45 Jewellery 185.00 Navigant Corporate Advisors Limited 13.00 6.64 -49%
Manav infra projects Limited Sep 2017 5.51 Infrastructure 20.00 Navigant Corporate Advisors Limited 30.00 15.25 -49%
Advitiya Trade India Limited Mar 2018 4.31 Aluminium 27.00 Aryaman Financial Services Limited 15.00 7.28 -51%
Keerti Knowledge And Skills Limited Aug 2017 4.06 Information Technology 30.00 Navigant Corporate Advisors Limited 52.00 25.00 -52%
Mehai Technology Limited Oct 2017 6.00 Electric Equipments 44.00 Spa Capital Advisors Limited 40.00 17.57 -56%
Accord Synergy Limited Jul 2017 5.83 Telecom 7.00 Hem Securities Limited 60.00 23.85 -60%
ANG Lifesciences India Limited Sep 2017 12.01 Pharmaceutical 14.00 Guiness Corporate Advisors Private Limited 80.00 31.13 -61%
Medico Remedies Limited Feb 2018 10.99 Pharmaceutical 52.00 Aryaman Financial Services Limited 100.00 38.86 -61%
Sharika Enterprises Limited Nov 2017 13.87 Engineering - EPC 16.00 Skyline Financial Services Private Limited 43.00 16.27 -62%
Uniinfo Telecom Services Limited Mar 2018 20.01 Telecom 13.00 Systematix Corporate Services Limited 55.00 20.47 -63%
Goldstar Power Limited Oct 2017 7.25 Electric Equipments 29.00 Pantomath Capital Advisors Private Limited 25.00 9.20 -63%
Moksh Ornaments Limited Jan 2018 11.03 Jewellery 12.00 Guiness Corporate Advisors Private Limited 37.00 13.45 -64%
Kaarya Facilities & Services Limited Oct 2017 6.40 Corporate Solutions 23.00 First Overseas Capital Limited 40.00 13.47 -66%
Octaware Technologies Limited Apr 2017 8.60 Information Technology - Data Solutions 14.00 Aryaman Financial Services Limited 90.00 25.46 -72%
Dhruv Wellness Limited Sep 2017 5.57 Pharmaceutical 52.00 Gretex Corporate Services Limited 20.00 5.32 -73%
Ridings Consulting Engineers India Limited Mar 2018 6.22 Corporate Solutions 25.00 Swastika Investmart Limited 18.00 4.60 -74%
Shish Industries Limited Sep 2017 4.06 Packaging & Disposables 150.00 Corporate Capital Ventures Private Limited 30.00 7.35 -76%
Global Space Technologies Limited Aug 2017 20.02 Information Technology - SaaS 74.00 Choice Capital Advisors Private Limited 66.00 14.83 -78%
Shanti Overseas (India) Limited Aug 2017 10.02 Agro - Food Products 9.70 Hem Securities Limited 50.00 11.16 -78%
Sanghvi Brands Limited Nov 2017 18.96 Healthcare - Personal Care 0.00 Sarthi Capital Advisors Private Limited 69.00 14.03 -80%
Tasty Dairy Specialities Limited Feb 2018 24.44 Agro - Food Products 19.00 Mark Corporate Advisors Private Limited 45.00 9.01 -80%
7NR Retails Limited Jul 2017 5.12 Textiles 50.00 Guiness Corporate Advisors Private Limited 27.00 5.16 -81%
SMVD Ploy Pack Limited Dec 2017 9.02 Packaging & Disposables 15.00 Corporate Capital Ventures Private Limited 55.00 10.00 -82%
Vaishali Pharma Limited Aug 2017 14.23 Pharmaceutical 72.00 Pantomath Capital Advisors Private Limited 72.00 12.97 -82%
Ajooni Biotech Limited Jan 2018 6.59 Agro 45.00 Navigant Corporate Advisors Limited 30.00 5.31 -82%
Vasa Retail and Overseas Limited Feb 2018 4.80 Retail 12.00 Hem Securities Limited 30.00 4.85 -84%
Jalan Transolutions (India) Limited May 2017 17.71 Logistics 16.00 Navigant Corporate Advisors Limited and Sarthi Capital Advisors Private Limited 46.00 7.10 -85%
Bhatia Communications & Retail (India) Limited Feb 2018 24.75 Retail 35.00 Guiness Corporate Advisors Private Limited 150.00 22.86 -85%
Silly Monks Entertainment Limited Jan 2018 15.12 Advertising and Media 32.00 Aryaman Financial Services Limited 120.00 16.52 -86%
CKP Leisure Limited Mar 2018 11.54 Hotels and Resorts 20.00 Aryaman Financial Services Limited 30.00 4.05 -87%
Gautam Gems Limited Feb 2018 7.56 Jewellery 32.00 First Overseas Capital Limited 36.00 4.44 -88%
A&M Jumbo Bags Limited Feb 2018 4.00 Packaging & Disposables 36.00 Pantomath Capital Advisors Private Limited 65.00 7.20 -89%
Bohra Industries Limited Apr 2017 25.15 Chemical 16.00 Pantomath Capital Advisors Private Limited 55.00 6.00 -89%
CRP Risk Management Limited Jan 2018 30.82 Banking and Finance - FinTech 21.00 Inventure Merchant Banker Services Private Limited 60.00 6.18 -90%
MK Proteins Limited Apr 2017 10.23 Agro - Food Products 53.00 Sarthi Capital Advisors Private Limited 70.00 6.77 -90%
Sarveshwar Foods Limited Mar 2018 54.97 Agro - Food Products 13.00 Asit C. Mehta Investment Interrmediates Limited and Keynote Financial Services Limited 85.00 8.21 -90%
SKS Textiles Limited Jan 2018 13.32 Textiles 21.00 Aryaman Financial Services Limited 150.00 13.80 -91%
Shreeji Translogistics Limited Oct 2017 12.40 Logistics 28.70 Aryaman Financial Services Limited 130.00 11.61 -91%
Kenvi Jewels Limited Feb 2018 6.70 Jewellery 21.00 First Overseas Capital Limited 36.00 3.13 -91%
Focus Suits Solutions & Services Limited Feb 2018 6.49 Corporate Solutions 14.00 Pantomath Capital Advisors Private Limited 18.00 1.44 -92%
Ambition Mica Limited Nov 2017 12.60 Furniture 37.00 Pantomath Capital Advisors Private Limited 42.00 3.10 -93%
A&M Febcon Limited Sep 2017 6.68 Engineering 36.00 Gretex Corporate Services Limited 18.00 0.95 -95%
CMM Infraprojects Limited Oct 2017 18.18 Infrastructure 10.00 Systematix Corporate Services Limited 40.00 1.90 -95%
Globe Textiles (India) Limited Jun 2017 13.71 Textiles 15.00 Hem Securities Limited 51.00 2.21 -96%
Nouritrans Exim Limited Sep 2017 6.12 Agro 61.00 First Overseas Capital Limited 30.00 1.02 -97%
GG Engineering Limited Jul 2017 2.23 Engineering 285.00 Navigant Corporate Advisors Limited 20.00 0.56 -97%
Shree Ram Protiens Ltd Feb 2018 19.90 Agro 86.00 Pantomath Capital Advisors Private Limited 31.00 0.63 -98%
Shrenik Limited Jul 2017 21.60 Retail 19.00 Pantomath Capital Advisors Private Limited 40.00 0.57 -99%
SecUR Credentials Limited Nov 2017 30.07 Corporate Solutions 20.00 Inventure Merchant Banker Services Private Limited 205.00 1.56 -99%
Kids Medical Systems Limited Dec 2017 6.00 Healthcare - Hospitals and Clinic 31.00 Gretex Corporate Services Limited 30.00 0.00 -100%
Tirupati Forge Limited Oct 2017 5.22 Engineering - Automotive 33.00 Pantomath Capital Advisors Private Limited 29.00 0.00 -100%
Sri Krishna Metcom Limited Sep 2017 19.25 Agro - Food Products 70.00 Microsec Capital Limited 55.00 0.00 -100%
Bansal Multiflex Limited Jul 2017 6.20 Textiles 44.00 Pantomath Capital Advisors Private Limited 31.00 0.00 -100%
Pushpanjali Realms & Infratech Limited Jul 2017 14.55 Real Estate 35.00 Sarthi Capital Advisors Private Limited 55.00 0.00 -100%
CKP Products Limited May 2017 6.24 Agro - Food Products 11.00 Aryaman Financial Services Limited 50.00 0.00 -100%
Relstruct Buildcon Limited Apr 2017 23.36 Real Estate 16600.00 Monarch Networth Capital Limited 50.00 0.00 -100%

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Summary

PE Ratio*
Highest 50.00
Median 20.31
Lowest 4.80
IPO Size (Cr.)
Highest 92.74
Median 14.42
Lowest 1.54
  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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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.