Top 10 performing SME IPOs of 2022 that delivered returns up to 716 per cent! Do you own any? Top 10 performing SME IPOs of 2022 that delivered returns up to 716 per cent! Do you own any? Empyrean Cashews is the best performing amongst all as it turned out to be an 8-bagger Karan Dsij / Tuesday, August 9, 2022 / Article rating: 4.0 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.