Best IPOs and Worst IPOs - SME - September 2025

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The best performing and worst performing SME IPOs in September 2025. This IPO screener table also looks at the subscription status, current gains, listing gains, and issue size.

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Listing day open Analysis - September 2025

No. of Stocks Listed in Profit25 (69.4%)
No. of Stocks Listed in Loss11 (30.6%)
Avg Listing Gains14.4%

In September 2025, 25 SME stocks opened on listing day in profit and 11 opened in loss, with an average listing gain of 14.42%.

Listing day close Analysis - September 2025

No. of Stocks Closed in Profit21 (58.3%)
No. of Stocks Closed in Loss15 (41.7%)
End of Listing Day Avg Gain15.5%

In September 2025, at listing day close, 21 SME stocks were profitable and 15 were in loss, with an average EOD gain of 15.47%.

IPO Till Date Analysis - September 2025

No. of Stocks in Profit19 (52.8%)
No. of Stocks in Loss17 (47.2%)
Average returns till date43.0%

Out of all SME IPOs that listed in September 2025, 19 stocks are in profit and 17 in loss till date, reflecting an overall average gain of 43.02%.

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.
BharatRohan Airborne117.3233.730 Sep 2545.0 Cr₹ 854.3x21.9x11.5x9.5x90.092.0+5.9%+38.0%
Ecoline Exim195.4401.030 Sep 2576.4 Cr₹ 1415.0x7.7x5.8x5.7x140.8140.5-0.1%+38.6%
Matrix Geo Solutions74.0107.830 Sep 2540.2 Cr₹ 1046.6x12.3x5.8x7.2x103.999.2-0.1%-28.9%
Aptus Pharma274.3470.330 Sep 2513.0 Cr₹ 700.7x38.8x41.9x20.8x80.884.8+15.4%+879.5%
True Colors153.5378.430 Sep 25128.0 Cr₹ 19123.0x67.8x59.1x42.4x191.0183.10.0%-19.6%
Prime Cable Industries187.3343.129 Sep 2540.0 Cr₹ 833.8x9.3x6.5x5.6x81.078.3-2.4%+125.6%
Siddhi Cotspin28.168.526 Sep 2569.8 Cr₹ 1083.3x8.5x2.6x3.8x86.482.1-20.0%-74.0%
JD Cables206.5465.725 Sep 2596.0 Cr₹ 15266.3x240.4x142.2x119.0x160.0157.9+5.3%+35.9%
Sampat Aluminium39.933.824 Sep 2530.5 Cr₹ 12045.1x383.8x210.6x153.8x120.0115.20.0%-66.8%
TechD Cybersecurity581.9435.222 Sep 2539.0 Cr₹ 193151.0x1699.5x964.5x668.0x366.7385.0+90.0%+201.5%
L T Elevator327.6627.819 Sep 2539.4 Cr₹ 7850.6x473.3x211.1x170.3x136.1142.9+74.5%+320.0%
Airfloa Rail Technology318.9764.418 Sep 2591.1 Cr₹ 140113.9x466.6x440.3x281.0x266.0279.3+90.0%+127.8%
Jay Ambe Supermarkets107.395.317 Sep 2518.4 Cr₹ 788.9x147.1x95.2x59.8x79.083.0+1.3%+37.6%
Galaxy Medicare17.927.217 Sep 2522.3 Cr₹ 540.0x4.0x3.4x1.8x54.051.30.0%-66.8%
Karbonsteel Engineering104.3147.516 Sep 2559.3 Cr₹ 15964.5x114.9x62.2x71.3x185.1194.3+16.4%-34.4%
Taurian Mps416.9370.416 Sep 2542.5 Cr₹ 1717.6x21.9x8.2x9.9x210.0220.5+22.8%+143.8%
Krupalu Metals27.616.216 Sep 2513.5 Cr₹ 72-1.3x1.1x1.2x57.660.5-20.0%-61.6%
Nilachal Carbo Metalicks85.6213.416 Sep 2556.1 Cr₹ 85-4.4x5.3x4.9x68.071.4-20.0%+0.7%
Vashishtha Luxury Fashion60.014.115 Sep 258.9 Cr₹ 1111.2x2.5x2.0x2.1x118.0121.8+6.3%-46.0%
Austere Systems42.044.012 Sep 2515.6 Cr₹ 55124.9x2880.2x1449.5x1001.8x75.579.3+37.4%-23.6%
Sharvaya Metals143.2143.612 Sep 2558.8 Cr₹ 1960.7x8.6x8.4x4.6x219.0208.1+11.7%-26.9%
Vigor Plast95.098.312 Sep 2525.1 Cr₹ 812.1x9.9x3.3x3.7x85.085.7+4.9%+17.3%
Optivalue Tek Consulting156.0365.210 Sep 2551.8 Cr₹ 8426.0x159.1x66.0x60.0x103.6102.6+23.3%+85.7%
Goel Construction Company485.0700.809 Sep 25100.2 Cr₹ 26364.1x291.2x114.4x115.8x302.5317.6+15.0%+84.4%
Rachit Prints199.598.508 Sep 2519.5 Cr₹ 1490.0x4.2x3.6x1.9x119.2113.3-20.0%+33.9%

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.