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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
Quest Laboratories IPO₹43.16 Cr23rd May 202497.00-(-100.00%)
Kay Cee Energy & Infra IPOKCEIL₹15.93 Cr5th Jan 20241052.45x54.00252.00(366.67%)303.65(462.31%)
Piotex Industries IPO₹14.47 Cr17th May 2024107.44x94.00-(-100.00%)
Trust Fintech IPOTRUST₹63.45 Cr4th Apr 2024108.63x101.00143.25(41.83%)280.5(177.72%)
Interiors and More IPOINM₹42.00 Cr23rd Feb 202411.22x227.00270(18.94%)280.05(23.37%)
Akanksha Power and Infrastructure IPOAKANKSHA₹27.49 Cr3rd Jan 2024117.39x55.0062(12.73%)93.65(70.27%)

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Premier Roadlines IPO₹40.36 Cr17th May 2024117.57x67.00-(-100.00%)
Veritaas Advertising IPO₹8.48 Cr21st May 2024119.23x114.00-(-100.00%)
Vishwas Agri Seeds IPOVISHWAS₹25.80 Cr1st Apr 202412.21x86.0085.00(-1.16%)89.75(4.36%)
Vruddhi Engineering Works IPO544157₹4.76 Cr3rd Apr 202412.67x70.0071(1.43%)206.30(194.71%)

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