Multibaggers in a mixed year: 10 SME IPOs doubled, even tripled investor wealth in 2025
1/11
Moneymakers
Even though the broader SME market has a mixed picture, some of the outliers delivered investors with outsized gains, doubling or even tripling investors' wealth. The common trend among these companies is that there is a strong sectoral tailwind going for them or healthy growth over the past few quarters.
2/11
Zelio E-Mobility
Electric vehicle (EV) manufacturer Zelio E-Mobility has emerged as one of the standout performers of the SME space. Riding on the EV revolution, the stock has gained 170% this year, driven by robust demand for electric two-wheelers and government incentives supporting clean mobility.
3/11
Sodhani Capital
Financial services firm Sodhani Capital has surged 125%, reflecting investor optimism in niche lending and advisory businesses. The company’s strong underwriting model and expanding portfolio have boosted market confidence in its long-term growth story.
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4/11
TechD Cybersecurity
TechD Cybersecurity has delivered a staggering 336% return, one of the highest in the SME segment this year. With rising cyber threats and increasing digital adoption across industries, the company’s specialized solutions have positioned it as a key beneficiary of India’s cybersecurity boom.
5/11
Airfloa Rail Technology
Engineering solutions firm Airfloa Rail Technology, which caters to the railways and transportation sector, has climbed 163% in 2025. Government investments in modernizing railway infrastructure have supported the company’s growth momentum.
6/11
Anondita Medicare
Healthcare products manufacturer Anondita Medicare has more than tripled investor money, rising 313% this year. Strong demand for medical disposables have driven both revenue and sentiment, making it one of the best-performing SME healthcare stocks.
7/11
Flysbs Aviation
Flysbs Aviation, which operates in the aviation services space, has gained 136% as India’s air traffic and cargo operations recovered sharply post-pandemic.
8/11
Cryogenic OGS
Cryogenic OGS has been a massive multibagger, soaring 360% in 2025. The company, which specializes in cryogenic storage and gas solutions, has benefited from increasing demand in industrial gases, clean energy, and medical applications — sectors seeing strong structural growth.
9/11
Adcounty Media India
Digital marketing company Adcounty Media India has delivered 140% gains, supported by robust growth in online advertising and global digital campaigns.
10/11
Monolithisch India
Industrial solutions provider Monolithisch India has jumped 274%, fueled by consistent order inflows and margin expansion.
11/11
Sacheerome
Sacheerome, a fragrance and flavor manufacturer, has gained 110% this year. The company’s niche positioning in aroma chemicals have attracted investors betting on India’s emerging FMCG supply chain story.