Winning Bizness Sports Desk

Mumbai. In this ongoing season of rain, as many as four companies are launching IPO this week, even as last week's four companies' IPOs were not enough. Apart from being listed on major platforms, there are plenty of companies launching IPOs on SME platforms too. This week, 10 small companies are entering the market to get listed on the SME platform of BSE and the Emerge platform of NSE. Statistics show that SME companies are getting more profits and more subscriptions than the IPOs coming on major platforms. However, SME companies require a minimum investment of Rs 2 lakh while the main platforms require only Rs 15,000.

Several companies made forays

Idea Forge has been among the biggest gainers at the time of listing which gave 92.78 percent profit. The issue came at Rs 672 and was listed at Rs 1,295. It was oversubscribed 106 times. Utkarsh Small Finance came in at Rs 25 and got listed at Rs 47. Gave a profit of 91.76 percent and was oversubscribed 110 times. Netweb Tech came in at Rs 500 and got listed at Rs 910, giving a profit of 82 per cent whereas the SBFC's share of Rs 57 was listed at Rs 92 ie profit of around 62 per cent. Saint Finance has given a profit of 58 percent.

Over Rs 21 thousand crore raised this year

This year, a total of 27 issues on the main platform have raised more than Rs 21 thousand crore. Four are arriving this week, making the total 31 IPOs. Mankind Pharma raised the highest amount of Rs 4,326 crore. Nexus Select raised Rs 3,200 crore, Concord Biotech raised Rs 1,551 crore, SBFC raised Rs 1,025 crore and TVS Supply raised Rs 880 crore. The highest amount raised so far in 2021 was Rs 1.20 lakh crore from 63 issues. Earlier in 2017, Rs 75,279 crore was raised from 38 IPOs.

SME companies also raised money

Like major platforms, SME companies have also raised a lot of money. This year they have broken the record so far by collecting Rs 2,939 crore. 110 companies have entered the market. In 2022, 109 companies raised Rs 1,980 crore, in 2021, 59 companies raised Rs 787 crore, in 2020, 27 companies raised Rs 168 crore, in 2019, 54 companies raised Rs 657 crore and in 2018, 144 companies raised Rs 2,409 crore. The highest fillers are Kahan 730 times, Shriwari Spices 450 times, Unlon Tech 428 times, Amcon 384 times and Kwality Foil 364 times.

Average SME IPO size Rs 14.56 crore

Experts have said that the average SME IPO size has been Rs 14.56 crore in financial year 2017-18, Rs 9.59 crore in 2020-21, Rs 18.66 crore in 2022-23 and Rs 30.85 crore in the current financial year. In the 10 recent mainboard IPOs, the subscription from retail investors has ranged from 3.45 times to nearly 53 times. That means more than 27 lakh applications have been received. The average application has been from 10 lakh to 20 lakh.