SME IPO market revives, but listing gains lose sheen

Pankaj Agrawal, Director, Valmiki Leela Capital, said 23 of the 30 SME IPOs listed early this year opened below their issue price, while the average listing gain was only around 3 per cent.

“The focus is gradually moving beyond listing-day gains to the company’s valuation, earnings and growth potential,” Agrawal said.

Anchor investments in SME IPOs rose from about ₹131 crore in FY23 to ₹2,204 crore in FY25, although mutual funds have remained selective because of smaller issue sizes and limited liquidity in several SME stocks

Source: SME IPO market revives, but listing gains lose sheen