10 largest SME IPOs in India in 2023 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 2023 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 2023. We include all SME IPOs that listed their securities in the SME segment on one of these exchanges.

<< Year 2022	2023	Year 2024 > >

Top 10 biggest SME IPOs in 2023 by issue size

IPO	Symbol	Issue Size	Listing Date	Total subscription	IPO Price	Listing Gain	LTP
Spectrum Talent Management IPO	SPECTSTM	₹105.14 Cr	22nd Jun 2023	12.27x	173	155(-10.40%)	93.9(-45.72%)
Khazanchi Jewellers IPO	543953	₹97.00 Cr	7th Aug 2023	1.26x	140.00	142.30(1.64%)	386.05(175.75%)
CFF Fluid Control IPO	543920	₹85.80 Cr	12th Jun 2023	2.15x	165	175.00(6.06%)	486.60(194.91%)
Electro Force India IPO	EFORCE	₹80.68 Cr	27th Dec 2023	4.28x	93.00	100(7.53%)	92(-1.08%)
Accent Microcell IPO	ACCENTMIC	₹78.40 Cr	15th Dec 2023	362.41x	140.00	300.00(114.29%)	310.15(121.54%)
Proventus Agrocom IPO	PROV	₹69.54 Cr	5th Jun 2023	2.61x	771	821.00(6.49%)	940(21.92%)
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Basilic Fly Studio IPO	BASILIC	₹66.35 Cr	11th Sep 2023	358.60x	97.00	271(179.38%)	348.55(259.33%)
Essen Speciality Films IPO	ESFL	₹66.33 Cr	6th Jul 2023	71.03x	107.00	140.00(30.84%)	149.45(39.67%)
Oriana Power IPO	ORIANA	₹59.66 Cr	11th Aug 2023	176.58x	118.00	302.00(155.93%)	2410.2(1942.54%)
Cosmic CRF IPO	543928	₹57.21 Cr	30th Jun 2023	1.16x	314	251.20(-20.00%)	1018.05(224.22%)

<< Year 2022	2023	Year 2024 > >

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10 largest SME IPOs in India in 2023 by issue size

Top 10 biggest SME IPOs in 2023 by issue size

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