SME IPO market on fire! 30 companies raise over Rs 1,000 crore in just 2 months
SME IPO segment, showcasing remarkable growth and investor enthusiasm.
Within the first two months of the year (as of 29th February) a total of 30 SME IPOs have collectively raised an impressive sum of Rs. 1024 crore.
This surge in activity marks a significant leap forward for SMEs, underscoring their increasing ability to unlock their potential and access capital markets for growth.
The breakdown of IPOs reveals that 21 companies opted for listing on the NSE SME platform, while 9 chose the BSE SME platform.
This diversity in listing venues indicates widespread interest and confidence among SMEs in the Indian capital market ecosystem.
One of the most notable trends accompanying this surge is the substantial increase in the average ticket size, which has surged by approximately 30%.
In comparison to the previous year's data, where 180 companies raised Rs 4900 crore with an average ticket size of Rs. 27 crore, the current average ticket size stands at Rs 34 crore.
Of the 30 companies that went public, 17 witnessed significant participation from QIBs, accounting for approximately 56% of the total IPOs.
This underscores the growing interest of institutional investors in SMEs, recognizing their potential for growth and returns.
The pinnacle of this remarkable streak was witnessed with the IPO of Maxposure Limited, which garnered unprecedented demand, and oversubscribed by over 1000 times.
This means that a modest Rs 20 crore IPO attracted a staggering Rs 20,000 crore in primary market participation, setting a
