IPO

SME IPO Tracker 2025: Listing Gains & Losses

The SME IPO Tracker 2025 highlights the highly volatile nature of SME IPO listings in India. Based on listing day closing prices compared to issue prices, SME IPOs in 2025 delivered a wide range of outcomes, with sharp gains in select issues and steep losses in several others.

A noticeable trend in 2025 has been the extreme dispersion in listing performance. On the positive side, multiple SME IPOs recorded listing gains of over 50 percent, with a few delivering near 100 percent returns on listing day. These strong performers were typically characterised by limited issue sizes, aggressive subscription demand, and low free float, which amplified price movements on listing.

At the same time, a significant number of SME IPOs listed at double-digit losses, with some issues declining by 20 to 45 percent on the first day of trading. Such outcomes reflect weak secondary market interest, valuation concerns, or subdued sentiment at the time of listing. Unlike mainboard IPOs, SME IPOs are more sensitive to short-term liquidity conditions, making listing day performance less predictable.

Overall, the SME IPO performance in 2025 reinforces the high-risk, high-reward nature of this segment. While listing gains can be attractive, they are often driven by short-term demand rather than long-term business fundamentals. Investors should note that SME IPOs generally have lower trading volumes post-listing, which can increase volatility and exit risk.

This SME IPO Tracker 2025 serves as a data-driven reference to compare issue price versus listing day close and understand broader listing trends in the SME segment. Listing day performance should be viewed as an initial market reaction rather than a definitive indicator of long-term investment potential.

SME IPO Tracker 2025 (BSE SME, NSE Emerge)

SME IPO listing prices are sourced from official exchange disclosures available on BSE and NSE.

For upcoming public issues, you can refer to the detailed  Upcoming IPO analysis here.

Disclaimer: The information presented in this SME IPO Tracker 2025 is for educational and informational purposes only. Listing day gains or losses are based on issue price and listing day closing price and do not represent long-term performance. This page does not provide investment advice or recommendations. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions.

Company NameListed OnIssue PriceListing Day CloseListing Gain/ Loss
MARC Technocrats Ltd.
24/12/2025₹93₹70.7-23.98%
Global Ocean Logistics India Ltd.
24/12/2025₹78₹79.291.65%
Neptune Logitek Ltd.
22/12/2025₹126₹95.8-23.97%
Ashwini Container Movers Ltd.
19/12/2025₹142₹140.1-1.34%
Exim Routes Ltd.
19/12/2025₹88₹115.531.25%
Stanbik Agro Ltd.
19/12/2025₹30₹33.3311.10%
HRS Aluglaze Ltd.
18/12/2025₹96₹132.337.81%
Pajson Agro India Ltd.
18/12/2025₹118₹130.210.34%
Shipwaves Online Ltd.
17/12/2025₹12₹11.4-5%
Unisem Agritech Ltd.
17/12/2025₹65₹61.75-5%
Riddhi Display Equipments Ltd.
15/12/2025₹100₹76-24%
Prodocs Solutions Ltd.
15/12/2025₹138₹151.29.57%
K.V.Toys India Ltd.
15/12/2025₹239₹33640.59%
Flywings Simulator Training Centre Ltd.
12/12/2025₹191₹204.757.20%
Encompass Design India Ltd.
12/12/2025₹107₹193.1580.51%
Methodhub Software Ltd.
12/12/2025₹194₹162.9-16.03%
Western Overseas Study Abroad Ltd.
11/12/2025₹56₹52.16-6.86%
Luxury Time Ltd.
11/12/2025₹82₹163.5999.50%
Shri Kanha Stainless Ltd.
10/12/2025₹90₹83.6-7.11%
Neochem Bio Solutions Ltd.
09/12/2025₹98₹111.814.08%
Helloji Holidays Ltd.
09/12/2025₹118₹123.95%
Ravelcare Ltd.
08/12/2025₹130₹190.9546.88%
Clear Secured Services Ltd.
08/12/2025₹132₹113.05-14.36%
Speb Adhesives Ltd.
08/12/2025₹56₹571.79%
Invicta Diagnostic Ltd.
08/12/2025₹85₹96.713.76%
Astron Multigrain Ltd.
08/12/2025₹63₹47.88-24%
Purple Wave Infocom Ltd.
05/12/2025₹126₹130.53.57%
Logiciel Solutions Ltd.
05/12/2025₹193₹146.7-23.99%
Exato Technologies Ltd.
05/12/2025₹140₹279.399.50%
K K Silk Mills Ltd.
03/12/2025₹38₹30.4-20%
Mother Nutri Foods Ltd.
03/12/2025₹117₹124.36.24%
SSMD Agrotech India Ltd.
02/12/2025₹121₹76.65-36.65%
Gallard Steel Ltd.
26/11/2025₹150₹234.2556.17%
Mahamaya Lifesciences Ltd.
18/11/2025₹114₹1161.75%
Workmates Core2Cloud Solution Ltd.
18/11/2025₹204₹368.2580.51%
Shining Tools Ltd.
14/11/2025₹114₹98.8-13.33%
Curis Lifesciences Ltd.
14/11/2025₹128₹14110.16%
Finbud Financial Services Ltd.
13/11/2025₹142₹164.8516.09%
Shreeji Global FMCG Ltd.
12/11/2025₹125₹101.7-18.64%
Safecure Services Ltd.
06/11/2025₹102₹77.55-23.97%
Game Changers Texfab Ltd.
04/11/2025₹102₹109.357.21%
Jayesh Logistics Ltd.
03/11/2025₹122₹117.8-3.44%
Shlokka Dyes Ltd.
17/10/2025₹91₹85.5-6.04%
SK Minerals & Additives Ltd.
17/10/2025₹127₹152.2519.88%
Sihora Industries Ltd.
17/10/2025₹66₹66.50.76%
Mittal Sections Ltd.
14/10/2025₹143₹108.7-23.99%
NSB BPO Solutions Ltd.
10/10/2025₹121₹121.30.25%
DSM Fresh Foods Ltd.
09/10/2025₹100₹12626%
Greenleaf Envirotech Ltd.
09/10/2025₹136₹132.9-2.28%
Valplast Technologies Ltd.
08/10/2025₹54₹58.638.57%
B.A.G.Convergence Ltd.
08/10/2025₹87₹106.0521.90%
Chiraharit Ltd.
08/10/2025₹21₹15.96-24%
Zelio E-Mobility Ltd.
08/10/2025₹136₹162.619.56%
Sheel Biotech Ltd.
08/10/2025₹63₹95.5551.67%
Infinity Infoway Ltd.
08/10/2025₹155₹309.299.48%
Munish Forge Ltd.
08/10/2025₹96₹110.2514.84%
Sunsky Logistics Ltd.
08/10/2025₹46₹53.5516.41%
Sodhani Capital Ltd.
07/10/2025₹51₹8464.71%
Vijaypd Ceutical Ltd.
07/10/2025₹35₹35.92.57%
Om Metallogic Ltd.
07/10/2025₹86₹85-1.16%
Suba Hotels Ltd.
07/10/2025₹111₹161.945.86%
Dhillon Freight Carrier Ltd.
07/10/2025₹72₹54.72-24%
KVS Castings Ltd.
06/10/2025₹56₹69.6124.30%
Rukmani Devi Garg Agro Impex Ltd.
06/10/2025₹99₹77.13-22.09%
M P K Steels (I) Ltd.
06/10/2025₹79₹83.55.70%
Ameenji Rubber Ltd.
06/10/2025₹100₹106.056.05%
Manas Polymers & Energies Ltd.
06/10/2025₹81₹146.280.49%
Bhavik Enterprises Ltd.
06/10/2025₹140₹145.33.79%
Chatterbox Technologies Ltd.
03/10/2025₹115₹12912.17%
Gujarat Peanut & Agri Products Ltd.
03/10/2025₹80₹67.2-16%
Earkart Ltd.
03/10/2025₹135₹142.255.37%
Telge Projects Ltd.
03/10/2025₹105₹110.455.19%
Solvex Edibles Ltd.
01/10/2025₹72₹61.37-14.76%
Praruh Technologies Ltd.
01/10/2025₹63₹62.84-0.25%
Gurunanak Agriculture India Ltd.
01/10/2025₹75₹54.15-27.80%
Justo Realfintech Ltd.
01/10/2025₹127₹130.52.76%
Systematic Industries Ltd.
01/10/2025₹195₹205.15.18%
Ecoline Exim Ltd.
30/09/2025₹141₹140.5-0.35%
Matrix Geo Solutions Ltd.
30/09/2025₹104₹99.15-4.66%
True Colors Ltd.
30/09/2025₹191₹183.05-4.16%
Aptus Pharma Ltd.
30/09/2025₹70₹84.8421.20%
BharatRohan Airborne Innovations Ltd.
30/09/2025₹85₹91.998.22%
Prime Cable Industries Ltd.
29/09/2025₹83₹78.3-5.66%
Siddhi Cotspin Ltd.
26/09/2025₹108₹82.1-23.98%
JD Cables Ltd.
25/09/2025₹152₹157.93.88%
Sampat Aluminium Ltd.
24/09/2025₹120₹115.15-4.04%
TechD Cybersecurity Ltd.
22/09/2025₹193₹38599.48%
L.T.Elevator Ltd.
19/09/2025₹78₹142.983.21%
Airfloa Rail Technology Ltd.
18/09/2025₹140₹279.399.50%
Galaxy Medicare Ltd.
17/09/2025₹54₹51.3-5%
Jay Ambe Supermarkets Ltd.
17/09/2025₹78₹82.956.35%
Taurian MPS Ltd.
16/09/2025₹171₹220.528.95%
Nilachal Carbo Metalicks Ltd.
16/09/2025₹85₹71.4-16%
Karbonsteel Engineering Ltd.
16/09/2025₹159₹194.3522.23%
Krupalu Metals Ltd.
16/09/2025₹72₹60.48-16%
Vashishtha Luxury Fashion Ltd.
15/09/2025₹111₹121.759.68%
Sharvaya Metals Ltd.
12/09/2025₹196₹208.056.15%
Austere Systems Ltd.
12/09/2025₹55₹79.3244.22%
Vigor Plast India Ltd.
12/09/2025₹81₹85.75.80%
Optivalue Tek Consulting Ltd.
10/09/2025₹84₹102.622.14%
Goel Construction Co.Ltd.
09/09/2025₹263₹317.620.76%
Rachit Prints Ltd.
08/09/2025₹149₹113.25-23.99%
Sugs Lloyd Ltd.
05/09/2025₹123₹125.852.32%
Snehaa Organics Ltd.
05/09/2025₹122₹115.9-5%
Abril Paper Tech Ltd.
05/09/2025₹61₹49.38-19.05%
Oval Projects Engineering Ltd.
04/09/2025₹85₹85.050.06%
Current Infraprojects Ltd.
03/09/2025₹80₹152.7590.94%
Sattva Engineering Construction Ltd.
03/09/2025₹75₹99.8533.13%
Globtier Infotech Ltd.
02/09/2025₹72₹51.99-27.79%
NIS Management Ltd.
02/09/2025₹111₹97.5-12.16%
Anondita Medicare Ltd.
01/09/2025₹145₹289.2599.48%
Shivashrit Foods Ltd.
01/09/2025₹142₹141.45-0.39%
Classic Electrodes (India) Ltd.
01/09/2025₹87₹959.20%
ARC Insulation & Insulators Ltd.
29/08/2025₹125₹137.7510.20%
LGT Business Connextions Ltd.
26/08/2025₹107₹81.35-23.97%
Studio LSD Ltd.
25/08/2025₹54₹41.05-23.98%
Mahendra Realtors & Infrastructure Ltd.
20/08/2025₹85₹64.6-24%
Icodex Publishing Solutions Ltd.
19/08/2025₹102₹77.55-23.97%
ANB Metal Cast Ltd.
18/08/2025₹156₹172.210.38%
Medistep Healthcare Ltd.
18/08/2025₹43₹50.3517.09%
Star Imaging & Path Lab Ltd.
18/08/2025₹142₹135.95-4.26%
Connplex Cinemas Ltd.
14/08/2025₹177₹186.95.59%
Sawaliya Foods Products Ltd.
14/08/2025₹120₹239.499.50%
Bhadora Industries Ltd.
11/08/2025₹103₹105.952.86%
Parth Electricals & Engineering Ltd.
11/08/2025₹170₹182.77.47%
Jyoti Global Plast Ltd.
11/08/2025₹66₹65.8-0.30%
Aaradhya Disposal Industries Ltd.
11/08/2025₹116₹116.550.47%
BLT Logistics Ltd.
11/08/2025₹75₹95.4927.32%
Essex Marine Ltd.
11/08/2025₹54₹41.04-24%
Flysbs Aviation Ltd.
08/08/2025₹225₹448.8599.49%
Cash Ur Drive Marketing Ltd.
07/08/2025₹130₹157.4521.12%
Renol Polychem Ltd.
07/08/2025₹105₹99.75-5%
B.D.Industries (Pune) Ltd.
06/08/2025₹108₹108.150.14%
Mehul Colours Ltd.
06/08/2025₹72₹86.0319.49%
Takyon Networks Ltd.
06/08/2025₹54₹55.723.19%
Kaytex Fabrics Ltd.
05/08/2025₹180₹150.6-16.33%
Repono Ltd.
04/08/2025₹96₹87.09-9.28%
Umiya Mobile Ltd.
04/08/2025₹66₹68.784.21%
Sellowrap Industries Ltd.
01/08/2025₹83₹94.513.86%
Patel Chem Specialities Ltd.
01/08/2025₹84₹104.524.40%
Shree Refrigerations Ltd.
31/07/2025₹125₹175.440.32%
TSC India Ltd.
30/07/2025₹70₹71.42%
Monarch Surveyors & Engineering Consultants Ltd.
29/07/2025₹250₹400.260.08%
Swastika Castal Ltd.
28/07/2025₹65₹66.822.80%
Savy Infra & Logistics Ltd.
28/07/2025₹120₹143.319.42%
Monika Alcobev Ltd.
23/07/2025₹286₹2880.70%
Spunweb Nonwoven Ltd.
21/07/2025₹96₹158.5565.16%
Asston Pharmaceuticals Ltd.
16/07/2025₹123₹124.951.59%
CFF Fluid Control Ltd.
16/07/2025₹585₹65311.62%
GLEN Industries Ltd.
15/07/2025₹97₹152.3757.08%
Smarten Power Systems Ltd.
14/07/2025₹100₹151.251.20%
Chemkart India Ltd.
14/07/2025₹248₹259.454.62%
Meta Infotech Ltd.
11/07/2025₹161₹236.2546.74%
Happy Square Outsourcing Services Ltd.
10/07/2025₹76₹80.856.38%
Cryogenic OGS Ltd.
10/07/2025₹47₹93.7699.49%
Vandan Foods Ltd.
07/07/2025₹115₹118.753.26%
Marc Loire Fashions Ltd.
07/07/2025₹100₹76-24%
Cedaar Textile Ltd.
07/07/2025₹140₹113.05-19.25%
Pushpa Jewellers Ltd.
07/07/2025₹147₹117.6-20%
Silky Overseas Ltd.
07/07/2025₹161₹162.450.90%
Neetu Yoshi Ltd.
04/07/2025₹75₹110.2547%
Adcounty Media India Ltd.
04/07/2025₹85₹136.560.59%
Moving Media Entertainment Ltd.
03/07/2025₹70₹74.556.50%
Valencia India Ltd.
03/07/2025₹110₹83.6-24%
Ace Alpha Tech Ltd.
03/07/2025₹69₹85.0523.26%
PRO FX Tech Ltd.
03/07/2025₹87₹99.7514.66%
Rama Telecom Ltd.
02/07/2025₹68₹68.40.59%
Suntech Infra Solutions Ltd.
02/07/2025₹86₹103.820.70%
Supertech EV Ltd.
02/07/2025₹92₹69.92-24%
Abram Food Ltd.
01/07/2025₹98₹94.92-3.14%
Icon Facilitators Ltd.
01/07/2025₹91₹85.5-6.04%
AJC Jewel Manufacturers Ltd.
01/07/2025₹95₹95.390.41%
Shri Hare-Krishna Sponge Iron Ltd.
01/07/2025₹59₹64.559.41%
Aakaar Medical Technologies Ltd.
27/06/2025₹72₹71.25-1.04%
Safe Enterprises Retail Fixtures Ltd.
27/06/2025₹138₹158.5514.89%
Mayasheel Ventures Ltd.
27/06/2025₹47₹60.929.57%
Influx Healthtech Ltd.
25/06/2025₹96₹126.231.46%
Eppeltone Engineers Ltd.
24/06/2025₹128₹255.3599.49%
Patil Automation Ltd.
23/06/2025₹120₹162.7535.62%
Samay Project Services Ltd.
23/06/2025₹34₹365.88%
Aten Papers & Foam Ltd.
20/06/2025₹96₹85.5-10.94%
Monolithisch India Ltd.
19/06/2025₹143₹243.170%
Jainik Power Cables Ltd.
17/06/2025₹110₹82.85-24.68%
Sacheerome Ltd.
16/06/2025₹102₹160.5557.40%
Ganga Bath Fittings Ltd.
11/06/2025₹49₹56.0514.39%
3B Films Ltd.
06/06/2025₹50₹46.08-7.84%
N R Vandana Tex Industries Ltd.
04/06/2025₹45₹43.7-2.89%
Neptune Petrochemicals Ltd.
04/06/2025₹122₹139.3514.22%
Blue Water Logistics Ltd.
03/06/2025₹135₹148.059.67%
Astonea Labs Ltd.
03/06/2025₹135₹135.650.48%
Nikita Papers Ltd.
03/06/2025₹104₹90.45-13.03%
Unified Data-Tech Solutions Ltd.
29/05/2025₹273₹299.259.62%
Dar Credit & Capital Ltd.
28/05/2025₹60₹63.956.58%
Accretion Pharmaceuticals Ltd.
21/05/2025₹101₹82.95-17.87%
Integrity Infrabuild Developers Ltd.
20/05/2025₹100₹103.53.50%
Virtual Galaxy Infotech Ltd.
19/05/2025₹142₹18933.10%
Manoj Jewellers Ltd.
12/05/2025₹54₹53.77-0.43%
Srigee DLM Ltd.
12/05/2025₹99₹197.599.49%
Kenrik Industries Ltd.
09/05/2025₹25₹26.265.04%
Arunaya Organics Ltd.
07/05/2025₹58₹31.6-45.52%
Iware Supplychain Services Ltd.
06/05/2025₹95₹80.9-14.84%
Tankup Engineers Ltd.
30/04/2025₹140₹183.7531.25%
Spinaroo Commercial Ltd.
08/04/2025₹51₹54.446.75%
Infonative Solutions Ltd.
08/04/2025₹79₹60.04-24%
Retaggio Industries Ltd.
07/04/2025₹25₹25.20.80%
Identixweb Ltd.
03/04/2025₹54₹57.756.94%
Shri Ahimsa Naturals Ltd.
02/04/2025₹119₹14723.53%
ATC Energies System Ltd.
02/04/2025₹118₹101.65-13.86%
Desco Infratech Ltd.
01/04/2025₹150₹16812%
Rapid Fleet Management Services Ltd.
28/03/2025₹192₹200.94.64%
Active Infrastructures Ltd.
28/03/2025₹181₹175.6-2.98%
Grand Continent Hotels Ltd.
27/03/2025₹113₹107.25-5.09%
Paradeep Parivahan Ltd.
24/03/2025₹98₹82.32-16%
Divine Hira Jewellers Ltd.
24/03/2025₹90₹85.5-5%
Super Iron Foundry Ltd.
19/03/2025₹108₹102.6-5%
PDP Shipping & Projects Ltd.
18/03/2025₹135₹102.85-23.81%
NAPS Global India Ltd.
11/03/2025₹90₹102.614%
Balaji Phosphates Ltd.
07/03/2025₹70₹74.356.21%
Shreenath Paper Products Ltd.
05/03/2025₹44₹33.44-24%
Nukleus Office Solutions Ltd.
04/03/2025₹234₹196.55-16%
Beezaasan Explotech Ltd.
03/03/2025₹175₹153.3-12.40%
HP Telecom India Ltd.
28/02/2025₹108₹115.056.53%
Swasth Foodtech India Ltd.
28/02/2025₹94₹89.3-5%
Royal Arc Electrodes Ltd.
24/02/2025₹120₹121.31.08%
Tejas Cargo India Ltd.
24/02/2025₹168₹1680%
L.K.Mehta Polymers Ltd.
21/02/2025₹71₹68.29-3.82%
Shanmuga Hospital Ltd.
21/02/2025₹54₹51.3-5%
P S Raj Steels Ltd.
19/02/2025₹140₹150.67.57%
Voler Car Ltd.
19/02/2025₹90₹91.451.61%
Maxvolt Energy Industries Ltd.
19/02/2025₹180₹180.90.50%
Chandan Healthcare Ltd.
17/02/2025₹159₹173.359.03%
Eleganz Interiors Ltd.
14/02/2025₹130₹116.05-10.73%
Readymix Construction Machinery Ltd.
13/02/2025₹123₹116.85-5%
Solarium Green Energy Ltd.
13/02/2025₹191₹211.910.94%
Ken Enterprises Ltd.
12/02/2025₹94₹80.75-14.10%
Amwill Health Care Ltd.
12/02/2025₹111₹93.25-15.99%
Chamunda Electrical Ltd.
11/02/2025₹50₹66.533%
Malpani Pipes & Fittings Ltd.
04/02/2025₹90₹84.04-6.62%
GB Logistics Commerce Ltd.
31/01/2025₹102₹81.75-19.85%
H.M.Electro Mech Ltd.
31/01/2025₹75₹77.042.72%
CLN Energy Ltd.
30/01/2025₹250₹254.151.66%
Rexpro Enterprises Ltd.
29/01/2025₹145₹111.15-23.34%
CapitalNumbers Infotech Ltd.
27/01/2025₹263₹261.35-0.63%
EMA Partners India Ltd.
24/01/2025₹124₹148.719.92%
Landmark Immigration Consultants Ltd.
23/01/2025₹72₹75.074.26%
Kabra Jewels Ltd.
22/01/2025₹128₹255.3599.49%
Rikhav Securities Ltd.
22/01/2025₹86₹171.5599.48%
Barflex Polyfilms Ltd.
20/01/2025₹60₹635%
Sat Kartar Shopping Ltd.
17/01/2025₹81₹161.5599.44%
Avax Apparels & Ornaments Ltd.
14/01/2025₹70₹139.6599.50%
Delta Autocorp Ltd.
14/01/2025₹130₹167.2528.65%
B.R.Goyal Infrastructure Ltd.
14/01/2025₹135₹142.55.56%
Indobell Insulations Ltd.
13/01/2025₹46₹91.7799.50%
Fabtech Technologies Cleanrooms Ltd.
10/01/2025₹85₹169.5799.49%
Davin Sons Retail Ltd.
09/01/2025₹55₹46.2-16%
Parmeshwar Metal Ltd.
09/01/2025₹61₹88.7245.44%
Leo Dryfruits & Spices Trading Ltd.
08/01/2025₹52₹71.3637.23%
Technichem Organics Ltd.
07/01/2025₹55₹63.1114.75%
Citichem India Ltd.
03/01/2025₹70₹68.28-2.46%
Anya Polytech & Fertilizers Ltd.
02/01/2025₹14₹17.9528.21%

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