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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.
IPO | Symbol | Issue Size | Listing Date | Total subscription | IPO Price | Listing Gain | LTP |
---|---|---|---|---|---|---|---|
KP Green Engineering IPO | 544150 | ₹189.50 Cr | 22nd Mar 2024 | 29.50x | 144.00 | 200.00(38.89%) | 561.45(289.90%) |
Baweja Studios IPO | BAWEJA | ₹97.20 Cr | 6th Feb 2024 | 2.62x | 180.00 | 183.00(1.67%) | 94.1(-47.72%) |
WTI Cabs IPO | WTICAB | ₹94.68 Cr | 19th Feb 2024 | 163.46x | 147.00 | 195.00(32.65%) | 230.25(56.63%) |
Alpex Solar IPO | ALPEXSOLAR | ₹74.52 Cr | 15th Feb 2024 | 324.03x | 115.00 | 329.00(186.09%) | 510.1(343.57%) |
M.V.K. Agro Food IPO | MVKAGRO | ₹65.88 Cr | 7th Mar 2024 | 8.46x | 120.00 | 79(-34.17%) | 49.1(-59.08%) |
Trust Fintech IPO | TRUST | ₹63.45 Cr | 4th Apr 2024 | 108.63x | 101.00 | 143.25(41.83%) | 240.45(138.07%) |
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Sameera Agro And Infra IPO | SAIFL | ₹62.64 Cr | 1st Jan 2024 | 2.92x | 180.00 | 180(0.00%) | 95.65(-46.86%) |
Lawsikho IPO | LAWSIKHO | ₹60.16 Cr | 30th Jan 2024 | 273.12x | 140.00 | 310(121.43%) | 284(102.86%) |
Atmastco IPO | ATMASTCO | ₹56.25 Cr | 23rd Feb 2024 | 17.61x | 77.00 | 91(18.18%) | 227.2(195.06%) |
Creative Graphics Solutions India IPO | CGRAPHICS | ₹54.40 Cr | 9th Apr 2024 | 201.86x | 85.00 | 175.00(105.88%) | 208.75(145.59%) |