Worst Performing SME IPOs of 2025

Siddhi Cotspin, Super Iron Foundary, Aten Papers, Swasth Foodtech India, and Velencia India were the worst IPO performers of 2025 for SME IPOs. The year 2025 was one of the most active years of IPOs, during which many SME IPOs were offered blockbuster listings, while many disappointed investors.

In 2025, many SME IPOs listed at a discount, some falling by as much as 80% from their issue price, gaining a tag of the Worst IPOs 2025.

Top 10 Worst Performing SME IPO 2025

Company NameOpen DateClose DateIPO Size (In Cr.)Price BandGMPListing PriceListing Gain
Arunaya OrganicsApr 29, 2025May 2, 2025₹33.99₹55 to ₹58₹0₹30.1-48.10%
SSMD AgrotechNov 25, 2025Nov 27, 2025₹34.09₹114 to ₹121₹0₹73-39.67%
Jainik Power and CablesJun 10, 2025Jun 12, 2025₹51.3₹100 to ₹110₹0₹82-25.45%
Pushpa JewellersJun 30, 2025Jul 2, 2025₹98.65143 to ₹147₹0₹112-23.81%
Accretion PharmaceuticalsMay 14, 2025May 16, 2025₹29.75₹96 to ₹101₹0₹79-21.78%
Admach SystemsDec 23, 2025Dec 26, 2025₹42.6₹227 to ₹239₹11₹191.2-20.00%
Sundrex OilDec 22, 2025Dec 24, 2025₹32.24₹81 to ₹86₹0₹68.8-20.00%
Dachepalli PublishersDec 22, 2025Dec 24, 2025₹40.39₹100 to ₹102₹0₹81.6-20.00%
MARC TechnocratsDec 17, 2025Dec 19, 2025₹42.59₹88 to ₹93₹-2₹74.4-20.00%
Neptune LogitekDec 15, 2025Dec 17, 2025₹46.62₹126₹0₹100.8-20.00%

FAQs


1. Why do some SME IPOs list at a discount?

SME IPOs could be listed due to low demand, market uncertainty, or undersubscription.

2. How do grey market trends affect SME IPOs?

SME IPOs can be heavily influenced by grey market premiums (GMPs), but these are unofficial and can be misleading.

3. Who can invest in an SME IPO?

Any individual who is at least 18 years old and has a Demat account is eligible to invest in an SME IPO.

4. Can NRIs invest in SME IPOs?

Yes, Non-Resident Indians (NRIs) can invest if they have a valid Demat account and follow RBI/SEBI guidelines.

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Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.