Comprehensive List of Ongoing SME IPOs on NSE and BSE

Meta Description: Explore the latest BSE SME IPOs and NSE Emerge listings with detailed insights on IPO size, PE ratios, and top merchant bankers. Stay informed with our comprehensive guide.

Introduction

The realm of Initial Public Offerings (IPOs) presents a pivotal opportunity for Small and Medium Enterprises (SMEs) and startups to access capital markets, enhance visibility, and fuel growth. In India, the National Stock Exchange (NSE) Emerge and Bombay Stock Exchange (BSE) SME platforms serve as critical gateways for these businesses to transition from private to public entities. This article provides a comprehensive list of ongoing SME IPOs on NSE and BSE, enriched with essential details such as IPO size, Price-to-Earnings (PE) ratios, and leading merchant bankers.

Understanding SME IPOs on NSE and BSE

What is an SME IPO?

An SME IPO refers to the process through which small and medium enterprises offer their shares to the public for the first time. This move allows companies to raise capital, expand operations, and gain market traction. Unlike mainboard IPOs, SME IPOs are tailored to meet the specific needs and scale of smaller enterprises.

Differences Between NSE Emerge and BSE SME Platforms

• NSE Emerge: Designed for emerging companies with high-growth potential, NSE Emerge has specific eligibility criteria focusing on financial health and operational history.
• BSE SME: This platform caters to SMEs looking to raise capital through public listings. BSE SME emphasizes regulatory compliance and offers a streamlined process for businesses to go public.

List of Ongoing SME IPOs in 2025

The year 2025 has witnessed a surge in SME IPO activities, with a total of 105 SME IPOs listed, raising ₹4,682.85 Crores. Among these, 34 IPOs have shown gains, while 71 have experienced losses. Below are some notable ongoing SME IPOs:

Featured IPOs

1. House Of Manhor SSMD Agrotech India Limited
   – City: Delhi
   – Sector: FMCG
   – IPO Size: ₹48.52 Crs.
   – PE Ratio: 5.37
   – Exchange: BSE SME

2. Global Ocean Logistics India Limited
   – City: Mumbai
   – Sector: Logistics
   – IPO Size: ₹190.55 Crs.
   – PE Ratio: 6.81
   – Exchange: BSE SME

3. Watrana Rentals Limited
   – City: New Delhi
   – Sector: Logistics
   – IPO Size: ₹172.65 Crs.
   – PE Ratio: 25.24
   – Exchange: NSE Emerge

For a complete and updated list of SME IPOs, visit IPO Platform.

Key Statistics of SME IPOs in 2025

• Total SME IPOs Listed: 105
• Total Funds Raised: ₹4,682.85 Crs.
• IPOs with Gains: 34
• IPOs with Losses: 71

These statistics reflect a dynamic IPO market, offering both opportunities and challenges for SMEs seeking public listings.

Factors Influencing SME IPO Success

IPO Size and PE Ratio

• IPO Size: Larger IPOs often garner more investor attention, but they also come with higher expectations. The median IPO size in 2025 is ₹22.80 Crs.
• PE Ratio: The PE ratio indicates the company’s valuation relative to its earnings. A median PE ratio of 18.09 suggests a balanced valuation, though industry-specific norms vary.

Market Conditions and Growth Potential

Favorable market conditions and robust growth potential significantly enhance the success rate of SME IPOs. Companies operating in high-demand sectors like technology and FMCG tend to perform better.

IPO Process for SMEs and Startups

Eligibility Criteria

• NSE Emerge: Post-issue capital should not exceed ₹25 crore, with a 3-year track record and profitability in at least 2 of the last 3 years.
• BSE SME: Requires ₹10 crore paid-up capital, raising at least ₹10 crore in the IPO, and a ₹25 crore market capitalization post-issue.

Pre IPO Process

Preparing for an IPO involves rigorous compliance with Securities and Exchange Board of India (SEBI) regulations, financial structuring, and strategic planning to ensure readiness for public listing.

Role of IPO Advisors

IPO advisors or consultants play a crucial role in navigating the complexities of the IPO process. They assist with structuring the offering, preparing documentation, ensuring regulatory compliance, and marketing the IPO to potential investors.

Why Choose TriC Global for Your SME IPO

TriC Global revolutionizes capital market solutions for SMEs and startups through its unique IPO as a Service approach. With over 20 years of expertise in capital markets, TriC Global offers:

• Expert Guidance: Led by industry veterans with a track record of successful IPOs on NASDAQ and other key exchanges.
• Comprehensive Support: From IPO readiness to post-listing compliance, ensuring a seamless transition to the public domain.
• Global Partnership Network (GPN): Enhancing opportunities for collaboration and growth worldwide through strategic alliances.
• Tailored Strategies: Customized solutions to address the unique challenges faced by SMEs in the IPO landscape.

Conclusion

The landscape for SME IPOs in 2025 is vibrant and full of potential. With the right guidance and strategic planning, SMEs can leverage public listings on NSE Emerge and BSE SME to drive growth and achieve financial success. Staying informed about ongoing IPOs and understanding the intricate processes involved are crucial steps toward a successful public offering.

Ready to Take Your SME Public?

Unlock the full potential of your business with expert IPO guidance from TriC Global. Contact us today to embark on your journey to the capital markets!