The BSE SME IPO Index has fallen over 4,900 points on a single day on February 11. The index corrected 5% and is down over 20% YTD. Over a 1-month time frame, the Index is down over 15%. BSE SME IPO Index has now corrected 23.75 from its all-time high of 1,22,298.3 level, which it touched on January 06, 2025.
The Index is now trading around 93,400 levels, significantly below the high.
Top losers in BSE SME IPO
Magneta Lifecare was the major loser in the index, falling over 15%. This was followed by Capitalnumbers Infotech down 14.3% intra-day, Digital Farm Product plunged 13% while Rikhav Securities slipped 11.7%. Indobell Insultations also fell 11.3%.
Of the total 79 scrips of the index, 61 are deep in red while 11 inched up.
The index, launched in 2012, is designed to assess the performance of small and medium enterprises (SMEs) that are listed on the BSE SME platform following their initial public offering (IPO).
Talking on the financial front, the index was fetching a price-to-book (PB) value of 9.8 while it was traded at a price-to-equity (PE) value of 22.56 times. It ceded a dividend yield of a mere 0.02%.
BSE SME IPO index movement
The index has fallen almost 10% in the last five trading sessions, most of the correction was seen in the past three trading days. It has declined by 8.6% in the last three days. The index has erased 15.5% of investors’ wealth in the last one month and 7.5% in the previous six months. However, the index has given a return of over 70% in the last one year.