In 2023, the Indian primary market experienced remarkable growth. The SME IPO landscape, in particular, is thriving at an unprecedented pace, paving the way for transformative opportunities. Indian primary market witnessed some of the biggest SME IPOs in 2023, marking a significant milestone for small and medium enterprises seeking to go public and attract substantial investor interest. This dynamic growth highlights the evolving potential of the SME segment, solidifying its role as a key driver of the Indian economy.
Table of Contents
| IPO Name | Issue Size (INR crore) | Listing Return % |
|---|---|---|
| Spectrum Talent | 105.14 | -14.88 |
| Khazanchi Jewellers | 96.74 | 6.71 |
| CFF Fluid Control | 85.80 | 11.36 |
| Electro Force | 80.68 | 12.90 |
| Accent Microcell | 78.40 | 125.00 |
| Proventus Agrocom | 69.54 | 11.81 |
| Basilic Fly Studio | 66.35 | 193.35 |
| Essen Speciality Films | 66.33 | 37.38 |
| Oriana Power | 59.66 | 168.73 |
| Cosmic CRF | 57.21 | -24.00 |
| Unihealth Consultancy | 56.55 | 0.76 |
| Sealmatic India | 56.24 | 5.00 |
| Bright Outdoor Media | 55.48 | 7.88 |
| Mangalam Alloys | 54.91 | -5.00 |
| ROX Hi-Tech | 54.49 | 70.78 |
| Vasa Denticity | 54.07 | 73.09 |
| Synoptics Technologies | 54.04 | -4.60 |
| Greenchef Appliances | 53.62 | 25.52 |
| Graphisads | 53.41 | -4.55 |
| Hi-Green Carbon | 52.80 | 7.80 |
If you want to check more reports, here are the links:
- All-time Largest IPOs in India
- All Time Highest IPO Subscription
- Best IPOs by Sector in 2025
- Biggest IPOs by Size in 2025
- Best IPOs in 2025
- Highest IPO Subscription in 2025
- Highest SME IPO Subscription in 2025
- Statewise Mainboard IPOs
- Statewise SME IPO Reports
- Best SME IPOs by Sector
- Biggest IPOs by Applications
- Best IPOs That Doubled Investors’ Money
Factors Influencing Positive Investor Sentiment: Biggest SME IPOs in 2023
Factors contributing to this positive sentiment include a robust economic recovery post-pandemic, increased consumer demand, and a growing inclination among retail investors to explore opportunities within the SME segment. The enthusiasm is evident from the oversubscription rates seen in many recent IPOs.
A Resource for Investors: Biggest SME IPOs of 2023
Our database serves as a valuable resource for investors looking to navigate the SME IPO market in 2023 effectively. By providing comprehensive information on each listed SME—including issue size, subscription rates, financial performance metrics, and market trends—our platform empowers users to make informed investment decisions. This data-driven approach can help investors identify promising opportunities within the SME sector while mitigating risks associated with investing in smaller companies.
The outlook for SMEs in India remains bright as we move forward in 2023. The combination of strong government support, increasing investor interest, and favourable market conditions position SMEs as a vital component of India’s economic future. As more companies enter the public market through IPOs, investors must leverage available resources and data to capitalize on this burgeoning sector effectively.
Conclusion
In conclusion, the biggest SME IPOs in 2023 underscore the vibrancy and resilience of India’s capital markets. The strong performance of newly listed companies further reinforces the wealth creation opportunities within this segment. Our database stands ready to assist investors in navigating this dynamic market, offering critical insights and data that can inform strategic investment decisions. As we look ahead, investors must harness these resources effectively, enabling them to capitalize on the promising opportunities presented by the SME sector. With ongoing government support and a favourable market environment, SMEs are poised to be a cornerstone of India’s economic growth in the years to come.
