As many as 67 small and medium enterprises (SMEs) in India have raised around Rs 9.32 billion through initial public offerings (IPOs) during the current financial year 2021-22, which will end on March 31, 2022, as against 28 SMEs which raised Rs 2.44 billion during the previous fiscal. Thus, the total amount raised by SMEs via the IPO route during the current fiscal has been 3.8 times higher than that of the last financial year. Meanwhile, during the current financial year, the largest IPO under the SME category has been of Rs 960 million issued by Gujarat-based Aashka Hospitals.
