SME IPO boom: Gujarat leads in listings during H1 FY 26

In the first half of FY 26, Gujarat led the country with 31 SME IPO listings on BSE SME and NSE Emerge platforms, surpassing Maharashtra (28) and Delhi (20). Maharashtra, however, raised more — ~₹1,843 crore vs Gujarat’s ~₹1,206 crore. The rise reflects growing awareness of equity markets among SMEs. But experts warn of weak oversight and urge thorough due diligence by investors to avoid promoter misuse of SME platforms.