In 2024, the Indian SME IPO landscape has witnessed remarkable growth, with numerous companies entering the market. Here, we present you the biggest SME IPOs in 2024 along with the issue size. From the beginning of 2024 to October 2024, a total of 211 SME IPOs have been listed, collectively raising approximately INR 7,877.12 crore. This surge in activity reflects a broader trend of increasing investor interest in the SME sector, driven by favourable market conditions and supportive government policies aimed at enhancing the growth of small and medium enterprises. The outlook for SMEs in India remains optimistic as we approach the end of 2024.
Table of Contents
| IPO Name | Issue Size (INR crore) | Listing Return % |
|---|---|---|
| Danish Power | 197.90 | 57.50 |
| KP Green Engineering | 189.50 | 45.83 |
| Sahasra Electronics | 186.16 | 99.49 |
| Rajesh Power Services | 160.47 | 99.49 |
| SAR Televenture | 149.99 | 10.76 |
| Mach Conferences | 125.28 | 30.67 |
| Ganesh Green Bharat | 125.23 | 99.50 |
| Tunwal E-Motors | 115.64 | 3.05 |
| Nisus Finance | 114.24 | 31.25 |
| Petro Carbon | 113.16 | 84.21 |
| Vision Infra | 106.21 | 32.06 |
| Shiv Texchem | 101.35 | 51.17 |
| C2C Advanced Systems | 99.07 | 99.49 |
| Ganesh Infraworld | 98.58 | 99.46 |
| Usha Financial Services | 98.45 | (7.23) |
| Baweja Studios | 97.20 | (3.42) |
| ABS Marine Services | 96.29 | 90.00 |
| Vilas Transcore | 95.26 | 53.57 |
| WTi Cabs | 94.68 | 39.29 |
| Subam Papers | 93.70 | (1.91) |
Factors Influencing Positive Investor Sentiment: Biggest SME IPOs in 2024
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. For instance, several IPOs launched this year have been oversubscribed by more than 500 times, indicating strong investor confidence. Notable examples include HOAC Foods India, which saw subscriptions exceeding 1,994 times, and Magenta Lifecare, which was oversubscribed by 983 times. These were the highly subscribed, biggest SME IPOs in 2024.
Government Initiatives Supporting Growth of SME IPO Market in 2024
The government has played a pivotal role in fostering this growth through various initiatives and policies designed to support SMEs. In the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman announced key measures aimed at enhancing access to finance for MSMEs (Micro, Small, and Medium Enterprises). With an allocation of approximately INR 22,137.95 crore, these funds are earmarked for implementing schemes that promote credit support, technological advancement, skill development, and market access.
One significant initiative is the Credit Guarantee Scheme for Micro & Small Enterprises (CGTMSE), which offers collateral-free loans up to INR 5 crore to MSMEs. This scheme has been instrumental in enabling over 67 lakh beneficiaries to secure funding without the burden of heavy collateral requirements. Additionally, the introduction of the Udyam Registration Portal has simplified the registration process for MSMEs, allowing them to access various government benefits more easily.
The government’s commitment to supporting SMEs is further underscored by programs like the Prime Minister Employment Generation Programme (PMEGP) and initiatives aimed at promoting women’s entrepreneurship through targeted financial assistance and training programs. These efforts are crucial as SMEs contribute significantly to India’s GDP—approximately 30%—and provide employment to around 11 crore people.
The SME IPO market performance soared to new heights in 2024. As we analyze the performance of SME IPOs in 2024, it’s essential to highlight that many of these companies have delivered impressive returns on their debut. For instance, SMEs like Winsol Engineers and Kay Cee Energy & Infra have recorded substantial gains on their listing days, both of them are the Largest SME IPOs in 2024, showcasing the potential for wealth creation within this segment. The BSE SME index has also reflected this positive trend, with many stocks performing exceptionally well post-listing.
A Resource for Investors: Biggest SME IPOs of 2024
Our database serves as a valuable resource for investors looking to navigate the SME IPO market in 2024 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 towards the end of 2024. 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.
Read Also: Biggest IPOs of 2024
Conclusion
In conclusion, the biggest SME IPOs in 2024 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.
