New Delhi, Oct 21 || The SME IPO market in India saw a sharp surge in activity during the financial year 2023-24 (FY 2023-24) and FY 2024-25, supported by strong retail participation and favourable market sentiment, the latest Reserve Bank of India (RBI) October Bulletin has said.
Small and medium enterprises had raised Rs 5,917.19 crore in FY24, to which Rs 5,660.93 crore (94.80 per cent) was raised issuing fresh shares and Rs 310.26 crore (5.19 per cent) through offer for sale (OFS).
The numbers soared significantly in FY25, with SMEs raising Rs 9,110.97 crore. Fresh issues (Rs 8,344.37 crore) contributed 91.5 per cent, while the OFS part was Rs 775.6 crore or 8.5 per cent.
Most of the SME IPOs, during this period, recorded high oversubscription levels and listing gains.