Best IPOs and Worst IPOs - SME - 2023

Visit FAQs

The best performing and worst performing SME IPOs in 2023. This IPO screener table also looks at the subscription status, current gains, listing gains, and issue size.

Add IPO widget to your site/app for free
Filter By:
Most Successful IPOs
Least Successful IPOs
Recently Listed IPOs
2026
2025
2024
2023
2022
2021
2020
2019
BothSMEMainboard
Prev Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Next Year
Export

Listing day open Analysis - 2023

No. of Stocks Listed in Profit161 (91.0%)
No. of Stocks Listed in Loss16 (9.0%)
Avg Listing Gains34.2%

In 2023, 161 SME stocks opened on listing day in profit and 16 opened in loss, with an average listing gain of 34.18%.

Listing day close Analysis - 2023

No. of Stocks Closed in Profit147 (83.1%)
No. of Stocks Closed in Loss30 (16.9%)
End of Listing Day Avg Gain36.4%

In 2023, at listing day close, 147 SME stocks were profitable and 30 were in loss, with an average EOD gain of 36.44%.

IPO Till Date Analysis - 2023

No. of Stocks in Profit95 (53.7%)
No. of Stocks in Loss82 (46.3%)
Average returns till date109.7%

Out of all SME IPOs that listed in 2023, 95 stocks are in profit and 82 in loss till date, reflecting an overall average gain of 109.73%.

Search in Table
IPO screener results: company, price, market cap, listing date, issue details, subscription figures and listing gains. Column headers are buttons that sort the table.
Trident Techlabs121.9210.729 Dec 2316.0 Cr₹ 3541.4x825.8x1023.1x502.6x98.2103.0+180.4%+248.3%
Indifra11.98.729 Dec 2314.0 Cr₹ 65-2.3x11.5x6.9x72.068.4+10.8%-81.6%
Supreme Power Equipment205.1512.629 Dec 2346.7 Cr₹ 65-159.3x161.2x160.3x98.0102.9+50.8%+215.5%
Electro Force21.349.727 Dec 2380.7 Cr₹ 93-2.1x6.1x4.1x100.0105.0+7.5%-77.2%
Shanti Spintex36.060.827 Dec 2331.3 Cr₹ 7014.3x42.6x22.0x25.5x76.079.8+8.6%-48.6%
Sahara Maritime23.07.126 Dec 236.9 Cr₹ 81-8.6x34.5x21.6x81.081.20.0%-71.6%
Shree OSFM E-Mobility60.092.421 Dec 2324.6 Cr₹ 65-6.6x8.8x7.7x65.068.30.0%-7.7%
Benchmark Computer38.026.121 Dec 2312.2 Cr₹ 66-179.9x279.5x229.7x80.077.1+21.2%-42.5%
Siyaram Recycling39.485.721 Dec 2323.0 Cr₹ 4696.4x441.6x459.1x358.1x55.057.8+19.6%-14.5%
S J Logistics316.7484.319 Dec 2348.0 Cr₹ 12561.7x651.2x473.1x294.1x175.0183.8+40.0%+153.4%
Presstonic Engg34.452.418 Dec 2323.3 Cr₹ 72-127.0x179.3x153.2x140.0147.0+94.4%-52.3%
Accent Microcell543.91304.815 Dec 2378.4 Cr₹ 14063.0x766.7x544.7x337.1x300.0315.0+114.3%+288.5%
Graphisads28.552.113 Dec 2353.4 Cr₹ 111-2.0x5.3x3.6x111.5106.0+0.5%-74.3%
Sheetal Universal335.4384.211 Dec 2323.8 Cr₹ 70-201.9x123.2x162.5x75.075.4+7.1%+379.1%
Net Avenue Tech5.511.808 Dec 2310.3 Cr₹ 1832.8x822.1x958.5x475.2x42.039.9+133.3%-69.4%
Marinetrans14.818.808 Dec 2310.9 Cr₹ 26-17.2x44.8x31.0x30.031.0+15.4%-43.1%
Deepak Chemtex86.894.306 Dec 2323.0 Cr₹ 8096.8x473.2x475.4x374.3x152.0159.6+90.0%+8.5%
AMIC Forging1939.32034.006 Dec 2334.8 Cr₹ 12691.4x435.9x273.0x268.8x239.4251.3+90.0%+1439.1%
Swashthik Plascon22.042.805 Dec 2340.8 Cr₹ 863.4x26.7x13.6x14.4x120.1126.1+39.6%-74.4%
Rockingdeals Circular175.9122.830 Nov 2321.0 Cr₹ 14017.7x438.7x195.2x143.0x300.0315.0+114.3%+25.7%
Arrowhead Seperation71.013.328 Nov 2313.0 Cr₹ 233-44.9x134.6x89.8x250.0237.5+7.3%-69.5%
Sunrest Lifescience40.534.820 Nov 2310.8 Cr₹ 84-27.8x62.4x45.1x84.079.80.0%-51.8%
Kalyani Cast-Tech766.0550.017 Nov 2330.1 Cr₹ 13966.3x188.6x190.9x162.4x264.1277.3+90.0%+451.0%
ROX Hi-Tech48.4111.016 Nov 2354.5 Cr₹ 8344.8x440.4x256.3x178.2x135.0141.8+62.6%-41.7%
Baba Food Processing25.040.815 Nov 2333.0 Cr₹ 76135.9x34.0x137.4x66.0x76.072.20.0%-67.1%

FAQ

An initial public offering (IPO) is a procedure by which private companies sell their shares to public investors through a book-building process. Investors will bid to buy shares within a price band, and based on the highest number of bids received at a particular price, the issue price will be determined.

QIBs are the registered institutional investors that directly apply in the Qualified Institutional Bidders category.

HNIs are investors who apply for shares in an IPO worth above Rs 2 lakh and come under non individual investor (or HNI) category.

Retail investors are individuals who apply for shares less than Rs 2 lakh in an IPO.

Investors should have a demat account with their broker. If you have a demat account, you can look for the IPO section in your demat account and select the company in which you want to invest in. Based on the amount you bid for, you will be classified either as a retail or HNI investor. Remember, the value of the shares for which you have placed bids in an IPO will be blocked from your account till the allotment of shares is completed. If you are allotted shares in the IPO, then any balance amount will be unblocked or credited into your account.

The IPO allotment process depends on the category of investors:

  1. Retail Individual Investor (RII) Category Retail investors can bid for shares up to ₹2,00,000. Shares are allotted through a lottery system if the IPO is oversubscribed in this category. Each eligible applicant has an equal chance of receiving at least one lot, regardless of when the application was submitted, provided the application is valid.
  2. High Net-Worth Individual (HNI) Investors who bid for shares worth more than ₹2,00,000 fall under this category. Allotment in the HNI category is done on a proportionate basis, i.e., in proportion to the amount of the bid. For example, if you apply for 1% of the total shares available in this category, you will receive 1% of the shares allotted to HNIs.

General Notes:

  • Oversubscription: If an IPO is heavily oversubscribed, the chances of allotment in the RII category decrease, and it is purely based on a random lottery.
  • Application Modes: Investors can apply through ASBA (Applications Supported by Blocked Amount) via their banks or through online platforms provided by brokers.