Retail frenzy drives 61 SME IPOs to 100–1,000x subscriptions in 2025; 15 turn multibaggers

The euphoria for new listings among retail investors has continued in 2025, with a majority of SME issues receiving a strong response from the Street, as several offerings witnessed subscription levels crossing 100 times, despite market regulator SEBI tightening norms for SME IPOs. Robust participation from retail investors in these issues was largely driven by…

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