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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 |
---|---|---|---|---|---|---|---|
Slone Infosystems IPO | SLONE | ₹11.06 Cr | 10th May 2024 | 667.81x | 79.00 | 118.50(50.00%) | 101.65(28.67%) |
Jay Kailash Namkeen IPO | 544160 | ₹11.93 Cr | 8th Apr 2024 | 40.02x | 73.00 | 85.00(16.44%) | 70.49(-3.44%) |
Faalcon Concepts IPO | 544164 | ₹12.09 Cr | 26th Apr 2024 | 71.28x | 62.00 | 95.00(53.23%) | 73.03(17.79%) |
Brisk Technovision IPO | 544101 | ₹12.48 Cr | 31st Jan 2024 | 47.10x | 156.00 | 175(12.18%) | 144.75(-7.21%) |
Amkay Products IPO | 544169 | ₹12.61 Cr | 8th May 2024 | 748.03x | 55.00 | 104.50(90.00%) | 109.18(98.51%) |
Finelistings Technologies IPO | 544173 | ₹13.53 Cr | 14th May 2024 | 37.44x | 123.00 | 127.00(3.25%) | 133.35(8.41%) |
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Rudra Gas Enterprise IPO | 544121 | ₹14.16 Cr | 15th Feb 2024 | 350.75x | 63.00 | 119.70(90.00%) | 191.65(204.21%) |
Radiowalla IPO | RADIOWALLA | ₹14.25 Cr | 5th Apr 2024 | 307.54x | 76.00 | 120.15(58.09%) | 111(46.05%) |
Shree Marutinandan Tubes IPO | 544083 | ₹14.30 Cr | 19th Jan 2024 | 47.16x | 143.00 | 200.00(39.86%) | 269.00(88.11%) |
MCPL IPO | 544073 | ₹14.47 Cr | 3rd Jan 2024 | 9.00x | 62.00 | 82(32.26%) | 148.00(138.71%) |