India’s Small and Medium Enterprises (SME) sector has become a powerhouse for growth, innovation, and investment. In 2025, several SME IPOs are poised to hit the markets, offering savvy investors a chance to tap into early-stage companies that could deliver multibagger returns.
If you're tired of overvalued mainboard IPOs and want fresh
multibagger ideas, these SME IPOs deserve your attention.
What Are SME IPOs?
SME IPOs are Initial Public Offerings of small and
medium-sized companies listed on platforms like NSE Emerge and BSE SME. These
IPOs typically have lower valuations and limited investor participation, making
them high-risk, high-reward opportunities.
Why Invest in SME
IPOs in 2025?
- Lower Valuation Entry: Most SME IPOs are priced attractively
- Undiscovered Gems: Less analyst coverage = better upside potential
- SEBI Push for MSMEs: Government support for SMEs is stronger than ever
- Multibagger Potential: Several past SME IPOs have given 5x–20x returns
Upcoming SME IPOs in
2025 to Watch:
As per current DRHP filings, here are some potential
upcoming SME IPOs in 2025:
1. Mandeep Auto
Industries Ltd.
- Sector: Auto components
- Strength: Supplies to EV brands
- IPO Status: DRHP filed in April 2025
- Why to Watch: Strategic expansion in EV infrastructure
2. Saraswati BioTech
Ltd.
- Sector: Agro-chemicals
- USP: Organic farming inputs
- Why to Watch: Government focus on sustainable agriculture
3. Aryan CyberTech
Solutions
- Sector: Cybersecurity & SaaS
- Valuation: 120 crore
- Why to Watch: Rapidly growing client base in BFSI sector
Risks Involved in SME IPOs
- Lower liquidity
- Less transparency than mainboard listings
- Not suitable for short-term traders
- Must do deep due diligence or follow reliable analysis
- How to Minimize Risk
- Invest only in profitable SME companies
- Check promoter holding and business model
- Avoid oversubscribed hype without fundamentals
- Diversify — don’t bet big on one IPO
Rhetan TMT: A Steel Multibagger
Rhetan TMT, which launched its IPO in 2022 at a modest issue
price of 70rs per share, has taken investors by surprise.
The stock is now trading around 435rs—delivering a
phenomenal return of over 520% within just a couple of years. The company,
which manufactures TMT bars and structural steel products, benefited from
rising infrastructure demand and improved capacity utilization. Rhetan TMT’s
strong fundamentals, steady revenue growth, and expanding market presence have
made it a standout performer in the SME segment.
Amiable Logistics: Riding on India’s Supply Chain Boom
Another SME IPO success story is Amiable Logistics, which
got listed in 2023 with an IPO price of 82rs. The
stock has surged to 410rs, giving investors an impressive return of 400% in a
short time. With India becoming a global logistics hub and government support
for the sector through initiatives like Gati Shakti and National Logistics
Policy, Amiable Logistics has been in a sweet spot. Its asset-light model,
strategic tie-ups, and focus on digitized supply chain solutions helped the
company scale rapidly and win investor confidence.
Rockingdeals: A
Surprising Turnaround in the Retail Sector
Rockingdeals, a relatively lesser-known player in the retail
and B2B electronics resale space, came up with its IPO in 2023 at a price of 140rs. Fast forward to 2025, the stock now trades around 675rs—offering a remarkable 380% return. The company’s unique business
model of dealing in refurbished electronics, along with strong e-commerce
partnerships, has proven lucrative. The increasing acceptance of sustainable
and affordable gadgets has driven its revenues and investor interest.
Returns are for reference. Past performance is not a
guarantee of future results.
Final Thoughts
SME IPOs in 2025 could offer investors early access to
tomorrow’s big winners — if chosen wisely. Stay updated, analyze DRHPs
carefully, and be ready to spot the next multibagger early.
Disclaimer
Content on www.multibaggerstockideas.com is for informational purposes only and should not be considered financial or investment advice. We are not SEBI-registered advisors. Please do your own research or consult a licensed financial expert before investing. We are not responsible for any losses based on the information provided here.
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