All of the above are the most subscribed SME IPOs in 2025, supported by strong demand and successful listing. In 2025, many SME IPOs were subscribed to multiple times, providing a listing gain of above 80-90%, earning the tag of the most oversubscribed IPOs of 2025.
Top 10 Most Subscribed SME IPOs 2025
| Company Name | Open Date | Close Date | IPO Size (In Cr.) | Price Band | Subscribed (X) | Listing Price | Listing Gain |
|---|---|---|---|---|---|---|---|
| Austere Systems | Sep 3, 2025 | Sep 9, 2025 | ā¹15.57 | ā¹52 to ā¹55 | 1,076.99 | ā¹75.55 | 37.36% |
| Shyam Dhani | Dec 22, 2025 | Dec 24, 2025 | ā¹38.49 | ā¹65 to ā¹70 | 988.29 | ā¹133 | 90.00% |
| Exato Technologies | Nov 28, 2025 | Dec 2, 2025 | ā¹37.45 | ā¹133 to ā¹140 | 947.21 | ā¹266 | 90% |
| Fabtech Technologies | Jan 03, 2025 | Jan 7, 2025 | ā¹27.74 | ā¹80 to ā¹85 | 740.37 | ā¹161.5 | 90.00% |
| Chamunda Electrical | Feb 4, 2025 | Feb 6, 2025 | ā¹14.6 | ā¹47 to ā¹50 | 737.97 | ā¹70 | 40.00% |
| TechD Cybersecurity | Sep 15, 2025 | Sep 17, 2025 | ā¹38.99 | ā¹183 to ā¹193 | 718.3 | ā¹366.7 | 90.00% |
| Cryogenic OGS | Jul 3, 2025 | Jul 7, 2025 | ā¹17.77 | ā¹44 to ā¹47 | 694.9 | ā¹89.3 | 90.00% |
| Luxury Time | Dec 04, 2025 | Dec 8, 2025 | ā¹18.74 | ā¹78 to ā¹82 | 635.53 | ā¹155.8 | 90% |
| Parmeshwar Metal | Jan 2, 2025 | Jan 6, 2025 | ā¹24.74 | ā¹57 to ā¹61 | 607.07 | ā¹84.5 | 38.52% |
| BLT Logistics | Aug 4, 2025 | Aug 6, 2025 | ā¹9.72 | ā¹71 to ā¹75 | 560.69 | ā¹90.95 | 21.27% |
FAQs
1. Which was the most subscribed SME IPO in 2025?
In 2025, the most subscribed SME IPO was Austere Systems, with an overall subscription of 1,076.99x.
2. Why are some SME IPOs highly subscribed?
SME IPOs that are highly subscribed in 2025 can be due to an attractive valuation, strong financials, positive investor interest, and overall strong market sentiment.
3. What is an SME IPO?
An SME IPO is a small and medium enterprise that is planning to raise capital from the public through the primary market.
