Closed SME IPOs 2024
96 sme IPOs in 2024: 0 open for bidding, 0 upcoming and 96 closed. In 2024, 126 of 156 listed IPOs opened above the issue price , led by Mamata Machinery IPO at +146.9%.
Last updated
- IPOs in 2024
- 156
- 60 Mainboard · 96 SME
- Funds raised
- ₹1,36,299 Cr
- Total issue size
- Listed in profit
- 81%
- 126 of 156 listings
- Avg. listing gain
- +34.4%
- Median +22.5%
- Avg. subscription
- 158.07x
- Across all categories
IPO list
| Company | Dates | Price band | Issue size | Subs. | GMP / Listing | Status |
|---|---|---|---|---|---|---|
| Technichem Organics IPO SME BSE | – | ₹52–55 | ₹25.25 Cr | 514.78x | +9.1% | Listed |
| Citichem India IPO SME BSE | – | ₹70 | ₹12.60 Cr | 414.40x | 0.0% | Listed |
| Anya Polytech IPO SME NSE | – | ₹13–14 | ₹44.80 Cr | 439.87x | +22.1% | Listed |
| Newmalayalam Steel IPO SME NSE | – | ₹85–90 | ₹41.76 Cr | 50.74x | 0.0% | Listed |
| Identical Brains Studios IPO SME NSE | – | ₹51–54 | ₹19.95 Cr | 544.36x | +75.9% | Listed |
| NACDAC Infrastructure IPO SME BSE | – | ₹33–35 | ₹10.01 Cr | 2,209.86x | +90.0% | Listed |
| Hamps Bio IPO SME BSE | – | ₹51 | ₹6.22 Cr | 1,057.06x | +90.0% | Listed |
| Yash Highvoltage IPO SME BSE | – | ₹138–146 | ₹110.01 Cr | 181.90x | +90.0% | Listed |
| Purple United Sales IPO SME NSE | – | ₹121–126 | ₹32.81 Cr | 160.16x | +57.9% | Listed |
| Supreme Facility Management IPO SME NSE | – | ₹72–76 | ₹50 Cr | 27.07x | -1.3% | Listed |
| Jungle Camps India IPO SME BSE | – | ₹68–72 | ₹29.42 Cr | 494.66x | +90.0% | Listed |
| Toss The Coin IPO SME BSE | – | ₹172–182 | ₹9.17 Cr | 1,025.84x | +90.0% | Listed |
| Dhanlaxmi Crop Science IPO SME NSE | – | ₹52–55 | ₹23.80 Cr | 567.96x | +90.0% | Listed |
| Emerald Tyre Manufacturers IPO SME NSE | – | ₹90–95 | ₹49.26 Cr | 531.35x | +90.0% | Listed |
| Nisus Finance Services IPO SME BSE | – | ₹170–180 | ₹114.24 Cr | 178.48x | +25.0% | Listed |
| Ganesh Infraworld IPO SME NSE | – | ₹78–83 | ₹98.58 Cr | 373.66x | +90.0% | Listed |
| Agarwal Toughened Glass India IPO SME NSE | – | ₹105–108 | ₹62.64 Cr | 9.97x | +25.0% | Listed |
| Apex Ecotech IPO SME NSE | – | ₹71–73 | ₹25.54 Cr | 457.15x | +90.0% | Listed |
| Abha Power and Steel IPO SME NSE | – | ₹75 | ₹38.54 Cr | 17.55x | +9.2% | Listed |
| Rajputana Biodiesel IPO SME NSE | – | ₹125–130 | ₹24.70 Cr | 718.92x | +90.0% | Listed |
| Rajesh Power Services IPO SME BSE | – | ₹319–335 | ₹160.47 Cr | 59.08x | +90.0% | Listed |
| C2C Advanced Systems IPO SME NSE | – | ₹214–226 | ₹99.07 Cr | 125.43x | +90.0% | Listed |
| Lamosaic India IPO SME NSE | – | ₹200 | ₹61.20 Cr | 1.82x | -18.0% | Listed |
| Onyx Biotec Limited IPO SME NSE | – | ₹58–61 | ₹29.34 Cr | 198.08x | -11.4% | Listed |
| Mangal Compusolution IPO SME BSE | – | ₹45 | ₹16.23 Cr | 34.65x | 0.0% | Listed |
GMP / Listing shows the grey market premium (as % of the upper price band) until listing, then the listing-day gain.
IPO activity, last 12 months
347 IPOs opened in the last 12 months. The busiest month was September 2026 with 86 issues.
How 2024 IPOs listed
Listing-day gain for 156 IPOs that listed in 2024. The weakest debut was Kalana Ispat IPO at -31.6%.
| Below −10% | 8 | 5% |
|---|---|---|
| −10% to 0 | 11 | 7% |
| 0 to 10% | 35 | 22% |
| 10 to 50% | 57 | 37% |
| Above 50% | 45 | 29% |
Listing gain = listing-day open price vs upper price band.
Browse IPOs by year
IPO list: FAQs
- How many IPOs are listed on IPO Master?
- IPO Master tracks 96 Mainboard and SME IPOs, including 0 open for bidding and 0 upcoming. Each IPO has its own page with price band, lot size, subscription, GMP, allotment and listing details.
- How many IPOs have come in 2024?
- 156 IPOs have opened in 2024 so far (60 Mainboard and 96 SME), raising about ₹1,36,299.25 Cr. Of the 156 that have listed, 126 listed above the issue price.
- What is the difference between Mainboard and SME IPOs?
- Mainboard IPOs list on the main NSE and BSE platforms and allow retail applications from one lot (about ₹15,000). SME IPOs list on NSE Emerge or BSE SME, are smaller issues, and need a minimum application of more than ₹2 lakh for individual investors. SME IPOs tend to be more volatile on listing.
- What do the IPO statuses mean?
- Upcoming IPOs have announced dates but have not opened. Open (ongoing) IPOs are accepting bids. Closed IPOs have finished bidding and are awaiting allotment or listing. Listed IPOs are trading on the exchange.
- How is the listing gain calculated?
- Listing gain is the difference between the listing-day opening price and the upper end of the price band, as a percentage of the upper price band.
IPO details are compiled from offer documents and NSE/BSE data. GMP is an unofficial indicator. For information only; not investment advice.