SME IPOs 2024 has been fantastic for. SME IPOs will raise more money in 2024 than they did in the last 5 years. The year 2024 has seen a big boom in small IPOs. According to data available on primedatabase.com, Rs 624 crore was raised from 51 IPs in the year 2019. At the same time, Rs 159 crore was raised from 27 SME IPOs in 2020, Rs 746 crore from 59 IPs in the year 2021, Rs 1875 crore from 109 IPs in the year 2022 and Rs 4686 crore from 182 IPs in the year 2023. At the same time, till now in the year 2024, Rs 8700 crore has been raised from 239 IPOs.
An amount of Rs 8700 crore has been raised from 239 IPOs so far in 2024. A total of Rs 12.55 lakh crore were bid in these. This NACDAC Infra IPO has done the biggest miracle. This IPO was subscribed 2,210 times the most since 2024. This IPO received bids of Rs 14,385 crore
SME IPOs: These got the highest bids
In the SME IPO so far, Ganesh Infraworld had received bids of Rs 22,963 crore. Whereas, Nephro Care India had received bids worth Rs 20,068 crore. Whereas, Lakshya Powertech had received a bid of Rs 19,493 crore. Ganesh Green Bharat got a bid of Rs 19,230 crore and Sahaj Solar got a bid of Rs 17,799 crore. (Source: Chittorgarh)
SME IPOs: Highest subscription
Talking about the IPO with the highest subscription, the IPO size of NACDAC Infra was Rs 10 crore. It was subscribed 2210 times. The IPO size of HOAC Foods India was Rs 5.5 crore and it was filled 2014 times. The IPO size of Hemps Bio was Rs 6.22 crore and it was subscribed 1057 times. The IPO size of KC Energy & Infra was Rs 15.9 crore and it was subscribed 1052 times. The IPO size of KC Energy & Infra was Rs 15.9 crore and it was subscribed 1052 times. The IPO size of Toss The Coin was Rs 9.17 crore and it was subscribed 1026 times.
NACDAC Infra has received bids of 2210 times. Its listing is on 24th December. HOAC Foods India had received 2014 times the bid. Its listing was done at a premium of 206 percent. KC Energy & Infra had received bids of 1052 times. Its listing was done at a premium of 366 percent. Toss the Coin was bid 1026 times. Its listing was done at a premium of 90 percent.
SME IPOs with strong returns in 2024
If we look at the SME IPOs with strong returns in 2024, the issue price of Owais Metal was Rs 87. This IP was filled 221 times. It has given 1083 percent return since listing. The issue price of TAC Infosec was Rs 106. This IP was filled 422 times. It has given 1013 percent return since listing. The issue price of Australian Premium Sol was Rs 54. This IP was filled 464 times. It has given 870 percent returns since listing. The issue price of Afcom Holdings was Rs 108. This IP was filled 303 times. It has given 746 percent returns since listing. The issue price of Alpex Solar was Rs 115. This IP was filled 324 times. It has given 692 percent returns since listing.
Money-losing SME IPOs of 2024
If we look at the money-losing SME IPOs of 2024, the issue price of MVK Agro Food was Rs 120. This IP was filled 8.46 times. It has given 67.5 percent negative returns since listing. The issue price of Baweja Studios was Rs 180. This IP was filled 2.62 times. It has given 63 percent negative returns since listing. The issue price of Finalistings Tech was Rs 123. This IP was filled 37.44 times. It has given 60 percent negative returns since listing. The issue price of Phoenix Overseas was Rs 64. This IP was filled 119.2 times. It has given 59 percent negative returns since listing. The issue price of Lamosek India was Rs 200. This IP was filled 1.17 times. It has given 55 percent negative returns since listing.
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SME IPOs: SEBI changed rules
SEBI has tightened the rules related to SME IPO. Now the condition of profit has been added for SME IPO. According to the new condition, for a company launching an IPO, it will be necessary to have an operating profit of at least Rs 1 crore in 2 out of the last three financial years. The share of offer for sale in the issue cannot be more than 20 percent. Along with this, shareholders will not be able to sell more than 50 percent of their shares in the IPO. Promoters will be able to sell more shares than MPC (Minimum Promoter Contribution) only after one year of IPO.
Big risks in SME IPOs
SME IPOs also carry significant risks. The volume in their shares is less. A limited number of people have these shares. More IPOs come from ESM Stage 1 & 2. There is a greater possibility of manipulation in these. More stringent rules are possible from SEBI.