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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
Euphoria Infotech India IPO544094₹9.60 Cr30th Jan 2024383.86x100.00190(90.00%)-(-100.00%)
Qualitek Labs IPO544091₹19.64 Cr29th Jan 202458.95x100.00190(90.00%)156.00(56.00%)
Balaji Valve Component IPO544074₹21.60 Cr3rd Jan 2024276.44x100.00190(90.00%)217.90(117.90%)
DCG Cables And Wires IPODCG₹49.99 Cr16th Apr 202416.96x100.0090.00(-10.00%)95.55(-4.45%)
Gabriel Pet Straps IPO544108₹8.06 Cr7th Feb 2024246.20x101.00115(13.86%)140.00(38.61%)
Trust Fintech IPOTRUST₹63.45 Cr4th Apr 2024108.63x101.00143.25(41.83%)275.15(172.43%)

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TAC Infosec IPOTAC₹29.99 Cr5th Apr 2024422.03x106.00290.00(173.58%)588.15(454.86%)
Mayank Cattle Food IPO544106₹19.44 Cr5th Feb 20248.83x108.00116(7.41%)138.00(27.78%)
Megatherm Induction IPOMEGATHERM₹53.91 Cr5th Feb 2024196.11x108.00198(83.33%)313(189.81%)
Teerth Gopicon IPOTGL₹44.40 Cr16th Apr 202475.54x111.00125.00(12.61%)221.35(99.41%)

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