Successful SME IPOs
In 2025, the Indian SME IPO segment witnessed a strong surge, with many offerings generating exceptional investor gains. Out of the 109 SME listings so far this calendar year, 12 companies have emerged as true multibaggers — each delivering 100% or more returns since their debut. What makes these IPOs stand out isn’t just their strong listing day gains, but their sustained rally in the months that followed. Some of them have more than tripled, turning early investors into big gainers. Let’s explore the top SME IPO success stories of CY25.
