When it comes to the variety of points, 2025 can also be proving to be a standout 12 months. With 154 IPOs launched to date, it ranks third, trailing 240 points in 2024 and 182 in 2023, however already surpasses all prior years — clearly highlighting the rising attraction and accessibility of public markets for SMEs.
14 SME IPOs flip multibaggers in 2025
The efficiency of newly listed SME shares has been nothing in need of spectacular. A complete of 14 SME IPOs have already delivered multibagger returns, that means their present market worth is no less than double their situation worth.
Main this spectacular listing is Fabtech Applied sciences Cleanrooms Ltd., whose inventory has surged over 400% from its situation worth of Rs 85 to Rs 426 since its January debut. Shut on its heels are Cryogenic OGS (up 247%) and Monolithisch India (up 235%), each having greater than tripled investor wealth.
Not simply itemizing good points — sustained rallies comply with
Whereas many of those shares posted robust itemizing day good points of over 50%, a number of others have stunned with their post-listing efficiency. Corporations like Balaji Phosphates, CLN Vitality Ltd., and Voler Automobile had comparatively modest itemizing good points (single-digit), however went on to ship huge returns later — all now firmly in multibagger territory. This pattern displays a wholesome depth of investor confidence, displaying that the rally is not only speculative hype, however backed by continued investor curiosity, presumably because of robust fundamentals and progress narratives.

A broader take a look at SME IPO developments over time
The SME IPO market has seen a dramatic rise since 2021, with each the variety of points and funds raised growing yearly. From simply Rs 159 crore in 2020, the market has expanded greater than 40-fold in 5 years. 2024 was a record-breaking 12 months with 240 IPOs elevating Rs 8,761 crore. If the present momentum continues, 2025 could problem and even surpass 2024’s all-time excessive.

What’s subsequent?
Business specialists see this pattern as an indication of deepening market participation and a testomony to the position SMEs are enjoying in India’s progress story. With extra IPOs anticipated within the pipeline by means of the remainder of the 12 months, market watchers are hopeful that 2025 would possibly surpass 2024’s document, each by way of quantity and worth. If the present momentum holds, the SME phase may turn into a cornerstone of India’s fairness market progress over the subsequent few years.
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Instances)