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 48.41
Median 19.18
Lowest 4.78
IPO Size (Cr.)
Highest 189.50
Median 31.08
Lowest 2.03
  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 FY24

SME IPO Performance of All IPO based on IPO FY24 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 FY24 for IPO analysis and review. Track the IPO performance FY24 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(%)
Oriana Power Limited Aug 2023 59.66 Solar - Panels 20.70 Corporate Capital Ventures Private Limited 118.00 2189.60 1756%
Trident Techlabs Limited Dec 2023 16.03 Engineering - Tech Solutions 13.62 GYR Capital Advisors Private Limited 35.00 439.75 1156%
AMIC Forging Limited Dec 2023 34.80 Automobile - Forging and Casting 9.18 Gretex Corporate Services Limited 126.00 1400.80 1012%
Alpex Solar Limited Feb 2024 74.52 Solar 18.50 Corporate Capital Ventures Private Limited 115.00 1247.25 985%
Australian Premium Solar (India) Limited Jan 2024 28.08 Solar - Panels 31.40 Beeline Capital Advisors Private Limited 54.00 510.25 845%
Karnika Industries Limited Oct 2023 25.07 Textiles - Fabrics 11.06 Beeline Capital Advisors Private Limited 76.00 692.00 811%
Sahana System Limited Jun 2023 32.74 Information Technology - Data Solutions 16.88 Interactive Financial Services Limited and Unistone Capital Private Limited 135.00 1201.50 790%
Exhicon Events Media Solutions Limited Apr 2023 21.12 Advertising and Media - Events 8.08 Share India Capital Services Private Limited 64.00 517.00 708%
Vinyas Innovative Technologies Limited Oct 2023 54.66 Electric Equipments - OEM 28.30 Sarthi Capital Advisors Private Limited 165.00 1200.50 628%
Kay Cee Energy & Infra Limited Jan 2024 15.93 Engineering - EPC 12.25 GYR Capital Advisors Private Limited 54.00 332.40 516%
Bondada Engineering Limited Aug 2023 42.72 Engineering - EPC 8.88 Vivro Financial Services Private Limited 75.00 427.00 469%
Infollion Research Services Limited Jun 2023 21.45 Human Resources and Manpower 14.24 Holani Consultants Private Limited 82.00 447.00 445%
Owais Metal and Mineral Processing Limited Mar 2024 42.69 Minerals 15.50 Gretex Corporate Services Limited 87.00 467.85 438%
Sunita Tools limited Oct 2023 22.04 Engineering 24.17 Aryaman Financial Services Limited 145.00 701.00 383%
Vasa Denticity Limited Jun 2023 54.07 Healthcare 30.62 Hem Securities Limited 128.00 599.85 369%
Kody Technolab Limited Sep 2023 27.52 Information Technology - Data Solutions 32.06 Beeline Capital Advisors Private Limited 160.00 739.90 362%
Veefin Solutions Limited Jul 2023 46.73 Banking and Finance - FinTech 41.41 Shreni Shares Limited 82.00 364.45 344%
Cosmic CRF Limited Jun 2023 57.21 Steel 35.64 Horizon Management Private Limited 314.00 1392.85 344%
Goyal Salt limited Oct 2023 18.63 Chemical - Salt 19.19 Holani Consultants Private Limited 38.00 165.00 334%
Khazanchi Jewellers Limited Aug 2023 97.00 Jewellery 45.75 Mark Corporate Advisors Private Limited 140.00 596.60 326%
Basilic Fly Studio Limited Sep 2023 66.35 Film and Animation - VFX 8.08 GYR Capital Advisors Private Limited 97.00 413.30 326%
Essen Speciality Films Limited Jul 2023 66.33 Plastic and Polymer 16.50 GYR Capital Advisors Private Limited 107.00 448.80 319%
Krishca Strapping Solutions Limited May 2023 17.93 Steel 7.26 Share India Capital Services Private Limited 54.00 223.80 314%
Srivari Spices and Foods Limited Aug 2023 9.00 Agro - Flour Mill 9.59 GYR Capital Advisors Private Limited 42.00 165.00 293%
Kaka Industries Limited Jul 2023 21.23 Plastic and Polymer 11.03 Hem Securities Limited 58.00 222.90 284%
CPS Shapers Limited Sep 2023 11.10 Textiles 15.78 Shreni Shares Limited 185.00 684.95 270%
Kalyani Cast Tech Limited Nov 2023 30.11 Automobile - Forging and Casting 8.49 Gretex Corporate Services Limited 139.00 510.00 267%
SAR Televenture Limited Nov 2023 24.75 Telecom 10.72 Pantomath Capital Advisors Private Limited 55.00 199.90 263%
CFF Fluid Control Limited Jun 2023 85.80 Engineering - Heavy Machinery 33.54 Aryaman Financial Services Limited 165.00 592.90 259%
Pramara Promotions Limited Sep 2023 15.27 Corporate Solutions - Gifts 25.61 Fedex Securities Private Limited 63.00 222.65 253%
KP Green Engineering Limited Mar 2024 189.50 Steel 31.95 Beeline Capital Advisors Private Limited 144.00 491.60 241%
MOS Utility Limited Apr 2023 49.97 Banking and Finance - FinTech 48.41 Unistone Capital Private Limited 76.00 248.10 226%
Meson Valves India Limited Sep 2023 31.09 Valves 22.92 Shreni Shares Limited 102.00 327.35 221%
Holmarc Opto-Mechatronics Limited Sep 2023 11.40 Engineering 11.30 Finshore Management Services Limited 40.00 127.50 219%
Maitreya Medicare Limited Nov 2023 14.89 Healthcare - Hospitals and Clinic 10.92 GYR Capital Advisors Private Limited 82.00 258.70 215%
Pattech Fitwell Tube Components Limited Apr 2023 12.00 Automobile - Forging and Casting 46.73 Fedex Securities Private Limited 50.00 156.80 214%
SJ Logistics (India) Limited Dec 2023 48.00 Logistics 9.72 Hem Securities Limited 125.00 388.75 211%
Global Pet Industries Limited Jul 2023 13.23 Engineering - Heavy Machinery 23.00 Shreni Shares Limited 49.00 150.00 206%
Qualitek Labs Limited Jan 2024 19.64 Laboratories 18.34 Oneview Corporate Advisors Private Limited 100.00 305.90 206%
Royal Sense Limited Mar 2024 9.86 Healthcare 23.69 Expert Global Consultants Private Limited 68.00 205.00 201%
Atmastco Limited Feb 2024 56.25 Engineering - EPC 12.62 Affinity Global Capital Market Private Limited 77.00 230.50 199%
Megatherm Induction Limited Feb 2024 53.91 Engineering - Heavy Machinery 13.40 Hem Securities Limited 108.00 318.55 195%
De Neers Tools Limited May 2023 22.99 Steel - Tools 13.10 Khambatta Securities Limited and Share India Capital Services Private Limited 101.00 295.20 192%
Supreme Power Equipment Limited Dec 2023 46.67 Electric Equipments - Transformers 11.00 Narnolia Financial Services Limited 65.00 189.80 192%
Committed Cargo Care Limited Oct 2023 24.98 Logistics 12.84 Fedex Securities Private Limited 77.00 223.65 190%
E Factor Experiences Limited Oct 2023 25.92 Advertising and Media 12.89 Hem Securities Limited 75.00 212.05 183%
Sungarner Energies Limited Aug 2023 5.31 Electric Equipments 25.94 Fast Track Finsec Private Limited 83.00 229.80 177%
Vinsys IT Services Limited Aug 2023 49.84 Education - Edtech 12.51 Beeline Capital Advisors Private Limited 128.00 351.90 175%
Hi-Green Carbon Limited Sep 2023 52.80 Recycling - Waste 17.28 Beeline Capital Advisors Private Limited 75.00 205.00 173%
Retina Paints Limited May 2023 11.10 Chemical - Paint and Adhesives 69.77 Gretex Corporate Services Limited 30.00 79.64 165%
Siyaram Recycling Industries Limited Dec 2023 22.96 Recycling - Metal 10.90 Hem Securities Limited 46.00 121.65 164%
WomanCart Limited Oct 2023 9.56 E-Commerce 14.65 Narnolia Financial Services Limited 86.00 226.10 163%
Master Components Limited Sep 2023 15.43 Plastic and Polymer 32.86 Aryaman Financial Services Limited 140.00 367.00 162%
Hemant Surgical Industries Limited Jun 2023 24.84 Healthcare 12.28 Hem Securities Limited 90.00 229.60 155%
AVP Infracon Limited Mar 2024 52.34 Engineering - EPC 12.77 Share India Capital Services Private Limited 75.00 190.55 154%
Gabriel Pet Straps Limited Feb 2024 8.06 Plastic and Polymer 90.14 Shreni Shares Limited 101.00 256.00 153%
Vishnusurya Projects and Infra Limited Oct 2023 49.98 Engineering - EPC 9.63 Khandwala Securities Limited 68.00 172.00 153%
Asarfi Hospital Limited Jul 2023 26.94 Healthcare 12.78 Hem Securities Limited 52.00 128.75 148%
Shree Karni Fabcom Limited Mar 2024 42.49 Textiles - Fabrics 13.16 Horizon Management Private Limited 227.00 539.65 138%
Polysil Irrigation Systems Limited Feb 2024 17.44 Plastic and Polymer 23.13 Fedex Securities Private Limited 54.00 126.05 133%
Sonalis Consumer Products Limited Jun 2023 2.83 FMCG - Snacks and Beverages 6.56 Expert Global Consultants Private Limited 30.00 69.55 132%
OneClick Logistics Limited Oct 2023 9.91 Logistics 24.30 Fedex Securities Private Limited 99.00 228.55 131%
Enfuse Solutions Limited Mar 2024 22.44 Information Technology - Data Solutions 23.80 Hem Securities Limited 96.00 218.00 127%
Harshdeep Hortico Limited Feb 2024 19.09 Engineering - EPC 13.62 Hem Securities Limited 45.00 102.00 127%
Accent Microcell Limited Dec 2023 78.40 Chemical 10.44 Corporate Capital Ventures Private Limited 140.00 307.70 120%
M.V.K. Agro Food Product Ltd Mar 2024 65.88 Agro - Food Products 21.61 Horizon Management Private Limited 120.00 260.15 117%
Pune E-Stock Broking Limited Mar 2024 38.23 Banking and Finance 11.79 Share India Capital Services Private Limited 83.00 179.90 117%
Interiors and More Limited Feb 2024 42.00 Home Decor 33.59 Gretex Corporate Services Limited 227.00 492.00 117%
Esconet Technologies Limited Feb 2024 28.22 Information Technology - Data Solutions 16.99 Corporate Capital Ventures Private Limited 84.00 178.35 112%
VR Infraspace Limited Mar 2024 20.40 Real Estate 42.15 Beeline Capital Advisors Private Limited 85.00 180.00 112%
Mayank Cattle Food Limited Feb 2024 19.44 Agro 33.89 Finshore Management Services Limited 108.00 227.00 110%
Manoj Ceramic Limited Jan 2024 14.47 Ceramic and Stone - Marble, Tiles and Granite 8.56 Swaraj Shares and 62.00 129.50 109%
Madhusudan Masala Limited Sep 2023 23.80 Agro - Food Products 15.70 Hem Securities Limited 70.00 140.00 100%
Infinium Pharmachem Limited Apr 2023 25.26 Pharmaceutical 7.83 Swastika Investmart Limited 135.00 269.85 100%
Transteel Seating Technologies Limited Nov 2023 49.98 Furniture 16.91 Gretex Corporate Services Limited 70.00 138.50 98%
Magson Retail And Distribution Limited Jul 2023 13.74 FMCG - Snacks and Beverages 20.25 Isk Advisors Private Limited 65.00 123.00 89%
Pratham EPC Projects Limited Mar 2024 36.00 Engineering - EPC 12.72 Beeline Capital Advisors Private Limited 75.00 140.00 87%
Techknowgreen Solutions Limited Sep 2023 16.72 ESG 14.08 Indorient Financial Services Limited 86.00 160.00 86%
Comrade Appliances Limited Jun 2023 12.30 Electric Equipments 24.88 Gretex Corporate Services Limited 54.00 100.45 86%
Saakshi Medtech and Panelslimited Oct 2023 45.16 Electric Equipments 13.84 Hem Securities Limited 97.00 180.00 86%
Maxposure Limited Jan 2024 20.26 Advertising and Media 10.12 GYR Capital Advisors Private Limited 33.00 60.00 82%
Sheetal Universal Limited Dec 2023 23.80 Agro - Food Products 17.81 Beeline Capital Advisors Private Limited 70.00 124.95 79%
Deepak Chemtex Limited Dec 2023 23.04 Chemical 13.96 Hem Securities Limited 80.00 141.80 77%
Chatha Foods Limited Mar 2024 34.00 FMCG - Snacks and Beverages 18.48 Indorient Financial Services Limited 56.00 97.10 73%
Akanksha Power and Infrastructure Limited Jan 2024 27.49 Electric Equipments - OEM 35.72 Narnolia Financial Services Limited 55.00 93.90 71%
Signoria Creation Limited Mar 2024 9.28 Textiles 23.99 Holani Consultants Private Limited 65.00 110.00 69%
Shree OSFM E-Mobility Limited Dec 2023 24.60 Logistics 20.83 First Overseas Capital Limited 65.00 109.15 68%
Chavda Infra Limited Sep 2023 43.26 Real Estate 13.29 Beeline Capital Advisors Private Limited 65.00 108.30 67%
Sangani Hospitals Limited Aug 2023 15.17 Healthcare - Hospitals and Clinic 37.03 Unistone Capital Private Limited 40.00 64.70 62%
Sancode Technologies Limited Apr 2023 5.15 Information Technology - SaaS 10.71 Shreni Shares Limited 47.00 74.95 59%
Urban Enviro Waste Management Limited Jun 2023 11.42 ESG - Waste 30.49 Pantomath Capital Advisors Private Limited 100.00 158.95 59%
Rudra Gas Enterprise Limited Feb 2024 14.16 Oil and Gas 12.39 Beeline Capital Advisors Private Limited 63.00 98.20 56%
Kore Digital Limited Jun 2023 18.00 Telecom 17.86 First Overseas Capital Limited 180.00 280.20 56%
Drone Destination Limited Jul 2023 44.20 Drone 64.35 Narnolia Financial Services Limited 65.00 100.00 54%
Bizotic Commercial Limited Jun 2023 42.21 Textiles 36.38 Interactive Financial Services Limited 175.00 263.00 50%
Thaai Casting Limited Feb 2024 47.20 Automobile - Forging and Casting 12.07 GYR Capital Advisors Private Limited 77.00 106.95 39%
Shoora Designs Limited Aug 2023 2.03 Jewellery 63.16 Swaraj Shares and 48.00 66.50 39%
Organic Recycling Systems Limited Oct 2023 50.00 ESG 42.11 Arihant Capital Markets Limited 200.00 275.00 38%
Omfurn India Limited Mar 2024 27.00 Furniture 15.27 Gretex Corporate Services Limited 75.00 101.35 35%
Arvind and Company Shipping Agencies Limited Oct 2023 14.74 Logistics 8.01 Beeline Capital Advisors Private Limited 45.00 60.00 33%
Rockingdeals Circular Economy Limited Nov 2023 21.00 E-Commerce 15.82 Corporate Capital Ventures Private Limited 140.00 185.55 33%
Shri Techtex Limited Aug 2023 45.14 Textiles - Fabrics 16.71 Beeline Capital Advisors Private Limited 61.00 80.10 31%
Maiden Forgings Limited Apr 2023 23.84 Steel 8.38 Share India Capital Services Private Limited 63.00 82.40 31%
Sharp Chucks and Machines limited Oct 2023 16.84 Automobile - Forging and Casting 12.31 Khandwala Securities Limited 58.00 75.00 29%
IBL Finance Limited Jan 2024 33.41 Banking and Finance - FinTech 34.93 Fedex Securities Private Limited 51.00 65.90 29%
Proventus Agrocom Limited Jun 2023 69.54 FMCG - Snacks and Beverages 104.61 Sundae Capital Advisors 771.00 950.00 23%
Unihealth Consultancy Limited Sep 2023 56.55 Healthcare 26.56 Unistone Capital Private Limited 132.00 162.50 23%
Fonebox Retail Limited Feb 2024 20.37 Retail 44.93 Beeline Capital Advisors Private Limited 70.00 86.05 23%
Alphalogic Industries Limited Jul 2023 12.88 Furniture - Industrial Storage 22.30 Finshore Management Services Limited 96.00 116.80 22%
Presstonic Engineering Limited Dec 2023 23.30 Engineering - EPC 18.23 Finshore Management Services Limited 72.00 87.40 21%
Wise Travel India Limited Feb 2024 94.68 Travel and Tourism 15.45 Share India Capital Services Private Limited 147.00 177.55 21%
Zeal Global Services Limited Aug 2023 36.46 Logistics 13.83 Expert Global Consultants Private Limited 103.00 121.95 18%
Sadhav Shipping Limited Mar 2024 38.18 Logistics 16.76 Isk Advisors Private Limited 95.00 110.05 16%
Kundan Edifice Limited Sep 2023 25.22 Electric Equipments - OEM 18.20 Fedex Securities Private Limited 91.00 105.05 15%
Arabian Petroleum Limited Oct 2023 20.24 Chemical 15.66 Hem Securities Limited 70.00 80.25 15%
Sotac Pharmaceuticals Limited Apr 2023 33.30 Pharmaceutical 132.14 Beeline Capital Advisors Private Limited 111.00 124.65 12%
Marco Cables & Conductors Limited Sep 2023 18.73 Cables and Wires 24.00 Shreni Shares Limited 36.00 40.30 12%
Crop Life Science Limited Aug 2023 26.73 Chemical - Pesticides 14.29 Interactive Financial Services Limited 52.00 56.00 8%
Purv Flexipack Limited Mar 2024 40.21 Plastic and Polymer 12.93 Holani Consultants Private Limited 71.00 76.40 8%
New Swan Multitech Limited Jan 2024 33.11 Engineering - Automotive 12.65 Hem Securities Limited 66.00 71.00 8%
Shri Balaji Valve Components Limited Jan 2024 21.60 Valves 11.04 Hem Securities Limited 100.00 105.00 5%
KK Shah Hospitals Limited Nov 2023 8.78 Healthcare - Hospitals and Clinic 80.40 Shreni Shares Limited 45.00 47.00 4%
Addictive Learning Technology Limited Jan 2024 60.16 Education - Edtech 29.37 Narnolia Financial Services Limited 140.00 146.00 4%
Kaushalya Logistics Limited Jan 2024 36.60 Logistics 16.20 Khandwala Securities Limited 75.00 78.15 4%
Canary Automations Limited Oct 2023 47.03 Information Technology - Data Solutions 20.39 Indorient Financial Services Limited 31.00 32.25 4%
HRH Next Services Limited Jan 2024 9.57 Outsourcing - BPO 10.99 Finshore Management Services Limited 36.00 37.40 4%
Shelter Pharma Limited Aug 2023 16.03 Pharmaceutical - Ayurvedic 8.40 Gretex Corporate Services Limited 42.00 42.02 0%
Vilin Bio Med Limited Jun 2023 12.00 Pharmaceutical 24.59 Inventure Merchant Banker Services Private Limited 30.00 28.40 -5%
Konstelec Engineers Limited Jan 2024 28.70 Agro - Plantation 11.59 Beeline Capital Advisors Private Limited 70.00 65.70 -6%
Mono Pharmacare Limited Sep 2023 14.84 Pharmaceutical 40.00 Unistone Capital Private Limited 28.00 26.00 -7%
Vivaa Tradecom Limited Oct 2023 7.99 Textiles - Fabrics 78.46 Interactive Financial Services Limited 51.00 46.85 -8%
AG Universal Limited Apr 2023 8.72 Steel 19.17 Share India Capital Services Private Limited 60.00 54.70 -9%
Digikore Studios limited Oct 2023 30.48 Film and Animation - VFX 9.99 Sarthi Capital Advisors Private Limited 171.00 154.00 -10%
Shanti Spintex Limited Dec 2023 31.25 Textiles - Fabrics 11.67 Hem Securities Limited 70.00 62.00 -11%
AccelerateBS India Limited Jul 2023 5.69 Information Technology - Data Solutions 27.27 Shreni Shares Limited 90.00 79.67 -11%
Crayons Advertising Limited Jun 2023 41.80 Advertising and Media 9.39 Corporate Capital Ventures Private Limited 65.00 56.00 -14%
Quicktouch Technologies Limited May 2023 9.33 Information Technology 4.78 Khambatta Securities Limited and Share India Capital Services Private Limited 61.00 52.30 -14%
Kontor Space Limited Oct 2023 15.62 Corporate Solutions 30.59 Srujan Alpha Capital Advisors Llp 93.00 78.55 -16%
Pentagon Rubber Limited Jul 2023 16.17 Rubber 18.76 Beeline Capital Advisors Private Limited 70.00 59.00 -16%
On Door Concepts Limited Nov 2023 31.18 E-Commerce 87.76 First Overseas Capital Limited 208.00 174.45 -16%
Zenith Drugs Limited Feb 2024 40.68 Pharmaceutical 12.56 Gretex Corporate Services Limited 79.00 66.00 -16%
Service Care Limited Jul 2023 20.68 Corporate Solutions 21.20 Swastika Investmart Limited 67.00 54.00 -19%
Mangalam Alloys Limited Oct 2023 54.91 Steel 19.46 Expert Global Consultants Private Limited 80.00 63.45 -21%
Newjaisa Technologies Limited Oct 2023 39.93 Information Technology - Hardware 22.38 Indorient Financial Services Limited 47.00 36.40 -23%
AIK Pipes And Polymers Limited Jan 2024 15.02 Plastic and Polymer 13.88 Shreni Shares Limited 89.00 67.90 -24%
City Crops Agro limited Oct 2023 15.00 Agro 34.72 Turnaround Corporate Advisors Private Limited 25.00 19.00 -24%
Koura Fine Diamond Jewelry Limited Mar 2024 5.50 Jewellery 58.23 GYR Capital Advisors Private Limited 55.00 41.00 -25%
DelaPlex Limited Feb 2024 46.08 Information Technology - Data Solutions 20.55 Shreni Shares Limited 192.00 139.65 -27%
Kahan Packaging Limited Sep 2023 5.76 Packaging & Disposables 21.10 Hem Securities Limited 80.00 56.00 -30%
Greenchef Appliances Limited Jul 2023 53.62 Electric Equipments 14.87 Hem Securities Limited 87.00 60.70 -30%
Remus Pharmaceuticals Limited May 2023 47.69 Pharmaceutical 21.09 Beeline Capital Advisors Private Limited 1229.00 849.05 -31%
Docmode Health Technologies Limited Feb 2024 6.71 Education - Edtech 9.13 Fedex Securities Private Limited 79.00 54.25 -31%
Auro Impex & Chemicals Limited May 2023 27.07 Chemical 15.85 Affinity Global Capital Market Private Limited 78.00 50.75 -35%
Ahasolar Technologies Limited Jul 2023 12.85 Solar - Panels 27.45 Beeline Capital Advisors Private Limited 157.00 101.79 -35%
Brisk Technovision Limited Jan 2024 12.48 Education - Edtech 10.23 Sun Capital Advisory Services (P) Limited 156.00 98.50 -37%
Marinetrans India Limited Dec 2023 10.92 Logistics 14.53 Swaraj Shares and 26.00 16.10 -38%
Sunrest Lifescience Limited Nov 2023 10.85 Pharmaceutical 12.00 Mark Corporate Advisors Private Limited 84.00 52.00 -38%
Spectrum Talent Management Limited Jun 2023 105.14 Human Resources and Manpower 15.00 Sarthi Capital Advisors Private Limited 173.00 107.05 -38%
Shree Marutinandan Tubes Limited Jan 2024 14.30 Steel - Tubes and Pipes 17.42 Swastika Investmart Limited 143.00 86.95 -39%
Paragon Fine And Speciality Chemicals Limited Nov 2023 51.66 Chemical - Speciality 13.51 Hem Securities Limited 100.00 53.75 -46%
Mish Designs Limited Nov 2023 9.76 Textiles - Fabrics 75.31 Aryaman Financial Services Limited 122.00 63.61 -48%
Euphoria Infotech India Limited Jan 2024 9.60 Agro - Food Products 23.99 Khandwala Securities Limited 100.00 51.31 -49%
Italian Edibles Limited Feb 2024 26.66 Agro - Food Products 19.97 First Overseas Capital Limited 68.00 34.70 -49%
ROX Hi-Tech Limited Nov 2023 54.49 Information Technology - Data Solutions 9.35 Swaraj Shares and 83.00 41.90 -50%
Sona Machinery Limited Mar 2024 51.82 Engineering 20.19 Hem Securities Limited 143.00 71.10 -50%
Baba Food Processing limited Nov 2023 33.00 Agro - Flour Mill 16.14 Horizon Management Private Limited 76.00 37.45 -51%
Benchmark Computer Solutions Limited Dec 2023 12.24 Information Technology - Data Solutions 23.66 Beeline Capital Advisors Private Limited 66.00 31.98 -52%
Electro Force (India) Limited Dec 2023 80.68 Electric Equipments 15.30 First Overseas Capital Limited 93.00 44.50 -52%
Plada Infotech Services Limited Oct 2023 12.36 Outsourcing - BPO 17.58 Indorient Financial Services Limited 48.00 22.55 -53%
Swashthik Plascon Limited Dec 2023 40.76 Recycling - Polymer 14.29 Shreni Shares Limited 86.00 39.25 -54%
Rajgor Castor Derivatives Limited Oct 2023 47.81 Agro - Food Products 15.48 Beeline Capital Advisors Private Limited 50.00 22.35 -55%
Tridhya Tech Limited Jul 2023 26.41 Information Technology - Data Solutions 26.09 Interactive Financial Services Limited 42.00 18.30 -56%
Vrundavan Plantation Limited Nov 2023 15.29 Agro - Plantation 27.69 Interactive Financial Services Limited 108.00 47.00 -56%
Saroja Pharma Industries India Limited Sep 2023 9.11 Chemical - Speciality 23.27 Swastika Investmart Limited 84.00 36.00 -57%
Deem Roll Tech Limited Feb 2024 29.26 Steel 14.46 Fedex Securities Private Limited 129.00 55.00 -57%
Synoptics Technologies Limited Jul 2023 54.03 Information Technology - Data Solutions 25.32 First Overseas Capital Limited 237.00 91.20 -62%
Cellecor Gadgets Limited Sep 2023 50.77 Electric Equipments 24.21 Narnolia Financial Services Limited 92.00 34.35 -63%
Jiwanram Sheoduttrai Industries Limited Sep 2023 17.07 Healthcare - Gloves 14.11 Affinity Global Capital Market Private Limited 23.00 8.45 -63%
Shanthala FMCG Products Limited Nov 2023 16.07 FMCG 252.78 First Overseas Capital Limited 91.00 33.00 -64%
Sahara Maritime Limited Dec 2023 6.88 Logistics 1157.00 Swaraj Shares and 81.00 29.00 -64%
Arrowhead Seperation Engineering Limited Nov 2023 13.00 Engineering 18.09 Aryaman Financial Services Limited 233.00 81.45 -65%
Baweja Studios Limited Feb 2024 97.20 Film and Animation - VFX 41.62 Fedex Securities Private Limited 180.00 59.65 -67%
Sahaj Fashions Limited Sep 2023 13.96 Textiles - Fabrics 13.70 Khambatta Securities Limited 30.00 9.65 -68%
Graphisads Limited Dec 2023 53.41 Advertising and Media 24.56 First Overseas Capital Limited 111.00 35.50 -68%
Aatmaj Healthcare Limited Jun 2023 38.40 Healthcare - Hospitals and Clinic 17.60 Nirbhay Capital Services Private Limited 60.00 18.50 -69%
Inspire Films Limited Oct 2023 21.23 Advertising and Media 19.87 Narnolia Financial Services Limited 59.00 18.00 -69%
Yasons Chemex Care Limited Aug 2023 20.57 Chemical 22.47 Fedex Securities Private Limited 40.00 12.10 -70%
Enser Communications Limited Mar 2024 16.17 Corporate Solutions 14.26 Fast Track Finsec Private Limited 70.00 20.30 -71%
Innovatus Entertainment Networks Limited Aug 2023 7.74 Advertising and Media - Events 41.00 Inventure Merchant Banker Services Private Limited 50.00 14.15 -72%
Micropro Software Solutions Limited Nov 2023 30.70 Information Technology - Data Solutions 40.70 Swaraj Shares and 81.00 21.90 -73%
Net Avenue Technologies Limited Dec 2023 10.25 E-Commerce 10.23 Shreni Shares Limited 18.00 4.80 -73%
Indifra Limited Dec 2023 14.04 Infrastructure 342.00 Beeline Capital Advisors Private Limited 65.00 15.55 -76%
Innokaiz India Limited May 2023 21.17 Advertising and Media - Events 7.62 Gretex Corporate Services Limited 78.00 15.36 -80%
Yudiz Solutions Limited Aug 2023 44.84 Information Technology - Data Solutions 61.80 Narnolia Financial Services Limited 165.00 31.35 -81%
Kalahridhaan Trendz Limited Feb 2024 22.49 Textiles - Fabrics 8.08 Interactive Financial Services Limited 45.00 8.15 -82%
Cell Point (India) Limited Jun 2023 50.34 Electric Equipments 24.10 First Overseas Capital Limited 100.00 17.60 -82%
Sameera Agro And Infra Limited Jan 2024 62.64 Real Estate 15.49 First Overseas Capital Limited 180.00 30.25 -83%

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Summary

PE Ratio*
Highest 48.41
Median 19.18
Lowest 4.78
IPO Size (Cr.)
Highest 189.50
Median 31.08
Lowest 2.03
  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.