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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 |
---|---|---|---|---|---|---|---|
Euphoria Infotech India IPO | 544094 | ₹9.60 Cr | 30th Jan 2024 | 383.86x | 100.00 | 190(90.00%) | -(-100.00%) |
Qualitek Labs IPO | 544091 | ₹19.64 Cr | 29th Jan 2024 | 58.95x | 100.00 | 190(90.00%) | 156.00(56.00%) |
Balaji Valve Component IPO | 544074 | ₹21.60 Cr | 3rd Jan 2024 | 276.44x | 100.00 | 190(90.00%) | 217.90(117.90%) |
DCG Cables And Wires IPO | DCG | ₹49.99 Cr | 16th Apr 2024 | 16.96x | 100.00 | 90.00(-10.00%) | 95.55(-4.45%) |
Gabriel Pet Straps IPO | 544108 | ₹8.06 Cr | 7th Feb 2024 | 246.20x | 101.00 | 115(13.86%) | 140.00(38.61%) |
Trust Fintech IPO | TRUST | ₹63.45 Cr | 4th Apr 2024 | 108.63x | 101.00 | 143.25(41.83%) | 275.15(172.43%) |
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TAC Infosec IPO | TAC | ₹29.99 Cr | 5th Apr 2024 | 422.03x | 106.00 | 290.00(173.58%) | 588.15(454.86%) |
Mayank Cattle Food IPO | 544106 | ₹19.44 Cr | 5th Feb 2024 | 8.83x | 108.00 | 116(7.41%) | 138.00(27.78%) |
Megatherm Induction IPO | MEGATHERM | ₹53.91 Cr | 5th Feb 2024 | 196.11x | 108.00 | 198(83.33%) | 313(189.81%) |
Teerth Gopicon IPO | TGL | ₹44.40 Cr | 16th Apr 2024 | 75.54x | 111.00 | 125.00(12.61%) | 221.35(99.41%) |