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10 largest SME IPOs in India in 2024 by issue size

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The issue size is the amount of total capital that a company has raised by issuing shares to the public. The report lists the top 10 largest SME IPOs in India in 2024 by issue size. These companies raised the most capital by issuing shares to the public.

The issue size is a key component that differentiates mainboard IPOs and SME IPO. The initial share offering of a small and medium-sized company has a smaller issue size than that of a large company (mainboard IPO). This is because SMEs are in the initial stages of growth and have lower capital requirements.

SMEs are the backbone of India's economy as they contribute significantly to economic growth. Therefore, to promote the growth of SMEs, BSE and NSE have set up SME listing exchanges. They provide a platform for SMEs to raise adequate capital to finance their growth and expansion.

Below are the 10 largest or most popular SME IPOs on the NSE Emerge and BSE SME exchanges that raised the most capital in 2024. We include all SME IPOs that listed their securities in the SME segment on one of these exchanges.

Top 10 biggest SME IPOs in 2024 by issue size

IPO Symbol Issue Size Listing Date Total subscription IPO Price Listing Gain LTP
KP Green Engineering IPO544150₹189.50 Cr22nd Mar 202429.50x144.00200.00(38.89%)561.45(289.90%)
Baweja Studios IPOBAWEJA₹97.20 Cr6th Feb 20242.62x180.00183.00(1.67%)94.1(-47.72%)
WTI Cabs IPOWTICAB₹94.68 Cr19th Feb 2024163.46x147.00195.00(32.65%)230.25(56.63%)
Alpex Solar IPOALPEXSOLAR₹74.52 Cr15th Feb 2024324.03x115.00329.00(186.09%)510.1(343.57%)
M.V.K. Agro Food IPOMVKAGRO₹65.88 Cr7th Mar 20248.46x120.0079(-34.17%)49.1(-59.08%)
Trust Fintech IPOTRUST₹63.45 Cr4th Apr 2024108.63x101.00143.25(41.83%)240.45(138.07%)

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Sameera Agro And Infra IPOSAIFL₹62.64 Cr1st Jan 20242.92x180.00180(0.00%)95.65(-46.86%)
Lawsikho IPOLAWSIKHO₹60.16 Cr30th Jan 2024273.12x140.00310(121.43%)284(102.86%)
Atmastco IPOATMASTCO₹56.25 Cr23rd Feb 202417.61x77.0091(18.18%)227.2(195.06%)
Creative Graphics Solutions India IPOCGRAPHICS₹54.40 Cr9th Apr 2024201.86x85.00175.00(105.88%)208.75(145.59%)

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