Small but mighty: SME IPOs break records with one every 1.38 days

Market players say the record number of SME IPOs this year has been fuelled by retail euphoria underpinned by encouraging post-listing performance

In the current calendar year, small and medium enterprises (SMEs) have witnessed an impressive surge in initial public offerings (IPOs), surpassing the 2018 record. Over 150 SME IPOs have been introduced to the market, breaking the previous record of 141 set in 2018.

According to data from PRIME Database, a primary market tracking firm, 147 companies successfully concluded their debut share sales by the end of October, raising a cumulative Rs 3,727 crore.

Additionally, six more companies have entered the market this month. This year, there have been 211 trading sessions in the equity markets, translating into an average of