Though SME IPOs lack the huge numbers and marketing blitzkrieg of mainboard peers, they try to make it up with eye-popping returns if last one year data is anything to go by. 

Herein, David is referred to as the SME IPOs. SME stands for small & medium enterprises and is considered to be the backbone of India’s growing economy.   

More than 60 SMEs are anticipated to join the BSE SME platform in one year (2022-23) in order to raise equity financing to suit their business needs. 16 SMEs entered the market through the initial public offering (IPO) method, raising Rs 100 crore (USD 13.74 million) in 2020. 50 SME IPOs have already been listed on the bourses on a YTD basis, and the BSE SME IPO index has increased by 151.26 per cent in just one year.