Five SME IPOs turn return generator this year: Do you own any stock?

Kolkata: Continuing the trend in 2024, the IPO market is booming in 2025 too. A total of 228 SME IPOs have been launched this year and a few of them have put up a spectacular show with their stocks jumping between 300% and 408%. There are about two dozen companies that delivered returns between 100% and 200%. Let us have a look at the multibaggers.

Cryogenic OGS IPO was a hit. Its price rose from Rs 47 at issue to more than Rs 185 now. This means it has generated a profit of 293% compared to its price band. The share was listed on the BSE SME platform on July 10, 2025. The shares listed at Rs 89.30 on the first day, representing a 90% premium. The IPO was subscribed a whopping over 694 times.

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The issue price of the Tankup Engineers IPO was Rs 140. The stock is now trading at Rs 711.90, giving investors a 408% return. The listing took place in April and the stock debuted at Rs 175. The public issue was subscribed 124 times.

The price band for the Anondita Medicare IPO was Rs 145. On Thursday, the company's shares were trading at Rs 633.94. IPO investors earned a return of 337%. It was listed on NSE Emerge on September 1 and the stock debuted at Rs 275. The IPO posted overwhelming response from investors with 277 times subscription. Retail investors placed the highest bids.

Fabtech Technologies IPO price was Rs 85 and it has reached Rs 352.25. This means the stock has gained 314% compared to its issue price. The debut price was Rs 161.50. Both retail and QIB investors invested heavily in this public issue.

The final price band for TechD Cybersecurity's IPO was Rs 193. The shares are trading about Rs 790, which indicates a gain of more than 300% compared to the final price band. The stock listed on September 22, 2025 and the listing price was Rs 366.70 -- signaling a 90% premium to the issue price.