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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
Varyaa Creations IPO544168₹20.10 Cr30th Apr 20243.59x150.00285.00(90.00%)-(-100.00%)
ABS Marine Services IPO₹96.29 Cr21st May 202418.34x147.00-(-100.00%)
Mandeep Auto Industries IPO₹25.25 Cr21st May 20247.94x67.00-(-100.00%)
TGIF Agribusiness IPO544175₹6.39 Cr15th May 202437.13x93.00150.00(61.29%)-(-100.00%)
Energy Mission Machineries IPO₹41.15 Cr16th May 2024320.67x138.00-(-100.00%)
Silkflex Polymers IPOSILKFLEX₹18.11 Cr15th May 202439.30x52.0060.00(15.38%)-(-100.00%)

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Premier Roadlines IPO₹40.36 Cr17th May 2024117.57x67.00-(-100.00%)
Aztec Fluids & Machinery IPO₹24.12 Cr17th May 2024218.38x67.00-(-100.00%)
Indian Emulsifier IPO₹42.39 Cr22nd May 202437.88x132.00-(-100.00%)
Veritaas Advertising IPO₹8.48 Cr21st May 2024119.23x114.00-(-100.00%)

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