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10 SME IPOs plunge over 50% from their issue price

Underperformers!
ETMarkets.com
1/12
Underperformers!
In 2025 so far, 147 SME IPOs have been listed on Indian stock exchanges. Of these, 81 are currently trading above their issue price, while 61 are below it. According to Trendlyne data, the average return for all SME listings this year is approximately 15%. Notably, 10 SME IPOs have seen a sharp decline of over 50% from their issue price, marking them as significant underperformers.

Valencia
ANI
2/12
Valencia
The stock has declined 72%, falling to Rs 31 from its issue price of Rs 110.
Swasth Foodtech
Agencies
3/12
Swasth Foodtech
The stock has dropped 67%, trading at Rs 31 compared to its issue price of Rs 94.
Aten Papers and Foam
ETMarkets.com
4/12
Aten Papers and Foam
The stock is down 67%, currently at Rs 32, from an issue price of Rs 96.
Vandan Foods
ETMarkets.com
5/12
Vandan Foods
The stock has fallen 66%, now trading at Rs 39, down from its issue price of Rs 115.
Citichem India
ETMarkets.com
6/12
Citichem India
The stock has declined 59%, falling to Rs 29 from an issue price of Rs 70.
Infonative Solutions
ETMarkets.com
7/12
Infonative Solutions
The stock is down 59%, trading at Rs 33 compared to its issue price of Rs 79.
Arunaya Organics
ETMarkets.com
8/12
Arunaya Organics
The stock has dropped 58%, now at Rs 24, down from its issue price of Rs 58.
CapitalNumbers Infotech
Getty Images
9/12
CapitalNumbers Infotech
The stock has declined 56%, currently trading at Rs 116, from an issue price of Rs 263.
Essex Marine
ANI
10/12
Essex Marine
The stock has fallen 55%, dropping to Rs 24 from its issue price of Rs 54.
Super Iron Foundry
ANI
11/12
Super Iron Foundry
The stock is down 54%, currently at Rs 50, compared to its issue price of Rs 108.
GB Logistics Commerce
ETMarkets.com
12/12
GB Logistics Commerce
The stock has declined 51%, trading at Rs 50 versus an issue price of Rs 102.
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