Try GOLD - Free
SME listing-day euphoria fades as regulatory oversight sharpens
Business Standard
|September 27, 2025
Earlier, SME IPOs offered outsized debut-day gains, with some doubling in single session
The listing-day euphoria for small and medium enterprise (SME) stocks appears to be losing steam, with a growing number of companies logging losses on debut.
Of the 165 companies that have collectively raised ₹8,192 crore on SME platforms this year, 61 firms - 37 per cent - closed below their issue price on listing day. By contrast, of the 227 firms that mobilised ₹8,479 crore in 2024, only 21 - or 9 per cent - slipped below the offer price in debut trade, according to data compiled by Business Standard.
The mood has cooled in other ways too. Only nine stocks have managed to double in value this year, compared with 69 in 2024. Last year, the SME segment was defined by extraordinary surges: Winsol Engineers soared 411 per cent on debut, while Maxposure, GP Eco Solutions, Medicamen Organics and Kay Cee Energy & Infra all posted gains above 300 per cent.
This story is from the September 27, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Global stock index hits record level
Global stocks climbed to a fresh record as the Federal Reserve's interest-rate cut this week and its upbeat assessment of the US economy boosted investor sentiment.
1 min
December 13, 2025
Business Standard
Musk’s Mars mission adds risk to red-hot SpaceX IPO
Investors eyeing SpaceX's potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.
1 min
December 13, 2025
Business Standard
EU set to indefinitely freeze Russian assets
The European Union (EU) looked set on Friday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to help Ukraine defend itself against Moscow’s invasion.
1 min
December 13, 2025
Business Standard
The ‘delusional’ optimist
Mathur takes Ajinkya Kawale and Shivani Shinde through the payment aggregator’s journey, its challenges, his vision for it, and where his optimism comes from
6 mins
December 13, 2025
Business Standard
Can OpenAI respond after Google closes AI tech gap?
Just before Thanksgiving, Google boasted that its new and improved Artificial Intelligence model, Gemini 3, had surpassed the technology from its young rival Open AI and ‘was now the best in the world.
1 mins
December 13, 2025
Business Standard
Govt amends petroleum, natural gas rules for ease of doing business
‘The government has amended the Petroleum and Natural Gas Rules, 2025 to offer ease of business and operations in the country’s exploration and production (E&P) sector.
1 min
December 13, 2025
Business Standard
'Listing won't alter our investment philosophy'
India is a market where scalable businesses with lower margins and higher volumes create enduring value, says Nimesh Shah, managing director (MD) and chief executive officer (CEO) of ICICI Prudential Asset Management Company (AMC).
2 mins
December 13, 2025
Business Standard
'India-Sweden economic corridor positioned for robust expansion'
Business Sweden -- the Swedish Trade and Invest Council -- expects its investments in India to grow sharply over the next five years, potentially doubling from current levels.
2 mins
December 13, 2025
Business Standard
New name and more work days’ promise on anvil for MGNREGA
The Centre is renaming the flagship Mahatma Gandhi Rural Employment Guarantee Scheme, or MGNREGS, to Pujya Bapu Grameen Rozgar Yojana, while raising the number of mandatory guaranteed employment days from 100 to 125.
1 min
December 13, 2025
Business Standard
Auto financier stocks rise; valuations may cap upside
Investors should take selective exposure to the sector at current levels, say analysts
2 mins
December 13, 2025
Listen
Translate
Change font size