The SME IPO market in 2025 has been buzzing with strong investor interest, as several newly listed companies have delivered outstanding returns. Some IPOs have rewarded investors with gains of up to 400 percent year-to-date, showing the potential of small and medium enterprises to create wealth in a short time.
Most SME IPOs are listed with a 90 percent cap on the upper price band, ensuring fair value discovery and protecting investors from overpricing. This structure has boosted investor confidence and contributed to the sharp post-listing rallies seen in many successful SME IPOs this year.
Here are a few newly listed SME stocks that have delivered a return of up to 400 percent
Fabtech Technologies Cleanrooms Limited
With a market capitalization of Rs. 455.82 crore, the shares of Fabtech Technologies Cleanrooms Limited closed at Rs. 370 per equity share, down nearly 0.80 percent from its previous day’s close price of Rs. 373.
Fabtech Technologies Cleanrooms Limited launched its IPO with a size of Rs. 27.74 crores. The IPO was an entirely fresh issue of 0.33 crore shares and was listed on the BSE SME on January 3, 2025.
Fabtech Technologies Cleanrooms had an IPO with an issue price of Rs. 85. It was listed at a price of Rs. 161.50, which is 90 percent higher than the allotment price. Since its listing date, the stock is currently trading at Rs. 370, which delivered a return of 335.29 percent
Coming into financial highlights, Fabtech Technologies Cleanrooms Limited’s revenue has increased from Rs. 97 crore in FY24 to Rs. 150 crore in FY25, which has grown by 54.64 percent. The net profit has also grown by 116.67 percent from Rs. 6 crore in FY24 to Rs. 13 crore in FY25.
Fabtech Technologies Cleanrooms Limited was founded in 2015 and manufactures modular panels, doors, and systems for cleanroom construction in the pharma, healthcare, and biotech sectors. It provides end-to-end solutions, including design, installation, and after-sales support, ensuring customized, high-quality cleanroom facilities.
Monolithisch India Limited
With a market capitalization of Rs. 991.27 crore, the shares of Monolithisch India Limited closed at Rs. 456.05 per equity share, down nearly 4.99 percent from its previous day’s close price of Rs. 480.
Monolithisch India Limited launched its IPO with a size of Rs. 82.02 crores. The IPO was an entirely fresh issue of 0.57 crore shares and was listed on the NSE SME on June 19, 2025.
Monolithisch India had an IPO with an issue price of Rs. 143. It was listed at a price of Rs. 231.55, which is 61.92 percent higher than the allotment price. Since its listing date, the stock is currently trading at Rs. 456.05, which delivered a return of 218.92 percent
Coming into financial highlights, Monolithisch India Limited’s revenue has increased from Rs. 69 crore in FY24 to Rs. 97 crore in FY25, which has grown by 40.58 percent. The net profit has also grown by 55.56 percent from Rs. 9 crore in FY24 to Rs. 14 crore in FY25.
Monolithisch India Limited was incorporated in 2018 and manufactures specialized ramming mass for induction furnaces in iron and steel industries. ISO-certified, it serves major producers across Eastern India, operating a Purulia unit with a growing clientele and a dedicated workforce.
Tankup Engineers Limited
With a market capitalization of Rs. 254.05 crore, the shares of Tankup Engineers Limited closed at Rs. 479.80 per equity share, rising nearly 1.75 percent from its previous day’s close price of Rs. 471.55. Tankup Engineers Limited was listed on the NSE SME on April 30, 2025, with an IPO size of Rs. 19.53 crores. The IPO was an entirely fresh issue of 0.14 crore shares.
Tankup Engineers had an IPO with an issue price of Rs. 140. It was listed at a price of Rs. 175, which is 25 percent higher than the allotment price. Since its listing date, the stock is currently trading at Rs. 479.80, which delivered a return of 242.71 percent
Coming into financial highlights, Tankup Engineers Limited’s revenue has increased from Rs. 19.42 crore in FY24 to Rs. 20.30 crore in FY25, which has grown by 4.53 percent. The net profit has decreased by 40.86 percent from Rs. 2.57 crore in FY24 to Rs. 1.52 crore in FY25.
Tankup Engineers Limited was founded in 2020 and manufactures custom vehicle superstructures and storage solutions such as fuel tanks, refuelers, and fire tenders. Serving diverse sectors, it operates an ISO-certified Lucknow facility with PESO approval and MSME ZED certification.
Cryogenic OGS Limited
With a market capitalization of Rs. 262.75 crore, the shares of Cryogenic OGS Limited closed at Rs. 184 per equity share, rising nearly 4.99 percent from its previous day’s close price of Rs. 175.25. Cryogenic OGS Limited was listed on the BSE SME on July 10, 2025, with an IPO size of Rs. 17.77 crores. The IPO was an entirely fresh issue of 0.38 crore shares.
Cryogenic OGS had an IPO with an issue price of Rs. 47. It was listed at a price of Rs. 89.30, which is 90 percent higher than the allotment price. Since its listing date, the stock is currently trading at Rs. 184, which delivered a return of 291.49 percent
Coming into financial highlights, Cryogenic OGS Limited’s revenue has increased from Rs. 24.24 crore in FY24 to Rs. 32.89 crore in FY25, which has grown by 35.68 percent. The net profit has also increased by 14.39 percent from Rs. 5.35 crore in FY24 to Rs. 6.12 crore in FY25.
Cryogenic OGS Limited was incorporated in 1997 and manufactures and assembles measurement and filtration equipment for oil, gas, chemical, and fluid industries. It offers design, engineering, fabrication, and testing solutions, delivering customized, innovative services to meet industry-specific needs.
Adcounty Media India Limited
With a market capitalization of Rs. 610.91 crore, the shares of Adcounty Media India Limited closed at Rs. 271.50 per equity share, down nearly 0.82 percent from its previous day’s close price of Rs. 273.75.
Adcounty Media India Limited was listed on the BSE SME on July 4, 2025, with an IPO size of Rs. 50.69 crores. The IPO was an entirely fresh issue of 0.60 crore shares.
Adcounty Media India had an IPO with an issue price of Rs. 85. It was listed at a price of Rs. 130, which is 52.94 percent higher than the allotment price. Since its listing date, the stock is currently trading at Rs. 271.50, which delivered a return of 219.41 percent
Coming into financial highlights, Adcounty Media India Limited’s revenue has increased from Rs. 43 crore in FY24 to Rs. 69 crore in FY25, which has grown by 60.47 percent. The net profit has also increased by 75 percent from Rs. 8 crore in FY24 to Rs. 14 crore in FY25.
Adcounty Media India Limited is a BrandTech company offering end-to-end digital marketing solutions. Its services include programmatic ads, SEO, social media, and performance campaigns (PPC, CPA, CPS, CPL, CPI) to help businesses boost sales, leads, and customer growth.
Written By – Nikhil Naik
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