Despite the adverse market conditions for equities, individual retail investors have earned eye-popping returns by investing in SME IPOs (initial public offerings) during this calendar year. Simultaneously, SME IPOs have mopped up over Rs 18 billion through 103 IPOs during the same period, out of which 98 firms have listed on the SME exchanges and given an average return of 95%. Meanwhile, the stock market returns earned by retail investors from 31 listed SME firms is more than 100%. However, 27 out of the 98 companies listed on the SME stock exchanges are currently trading in the red.
