{
  "id": 10013530,
  "title": "SME IPO market revives, but listing gains lose sheen",
  "url": "https://urgent.news/2026/09/26/sme-ipo-market-revives-but-listing-gains-lose-sheen-10013530",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-26T15:01:28.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/sme-ipo-market-revives-but-listing-gains-lose-sheen/article71511848.ece"
  },
  "original_language": "en",
  "account": "The SME initial public offering (IPO) market is experiencing a resurgence, with nearly double the number of companies filing for listings on the National Stock Exchange's Emerge and Bombay Stock Exchange's SME platforms in September compared to August, according to data from Steptrade Capital. Despite tighter regulations, valuation concerns, and muted listing gains, investors are still drawn to SME IPOs as a way to participate in the early growth of businesses. However, the average issue size has decreased, and investors have become more selective, citing stricter entry norms, higher loss ratios, and resistance to aggressive valuations. While some SME companies have seen strong debuts, with a few opening at nearly double their offer price, half of the SME companies listed this year are trading below their offering price. Overall, investors are increasingly focusing on a company's valuation, earnings, and growth prospects rather than just listing-day gains.",
  "summary": "About 43 companies raise ₹1,702 crore in September as investors turn more selective",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "SME IPO market revives, but listing gains lose sheen",
        "url": "https://urgent.news/2026/09/26/sme-ipo-market-revives-but-listing-gains-lose-sheen",
        "published": "2026-09-26T13:06:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}