10 Indian states most NSE Emerge IPOs in 2025 — Maharashtra, Gujarat lead the way
Published on 01/01/2026 03:49 PM
A total of 117 SME companies made their stock market debut on the NSE Emerge exchange in 2025, with the collective issue size going up to ₹5,784 crore, according to the most recent NSE report. The most number of listings came from Maharashtra, followed by Gujarat, Delhi and West Bengal.A total of 117 SME companies made their stock market debut on the NSE Emerge exchange in 2025, with the collective issue size going up to ₹5,784 crore, according to the most recent NSE report. The most number of listings came from Maharashtra, followed by Gujarat, Delhi and West Bengal.Maharashtra | As many as 27 listings on the NSE Emerge came in from Maharashtra in 2025. The issue size of the initial public offerings (IPOs) from the state were ₹1,560 crore.Gujarat | Second in line, Gujarat reported a total of 24 Emerge IPOs in 2025, as per the NSE reports. The total size of these IPOs stood at ₹1,061 crore.Delhi | The national capital reported 15 listings on the NSE Emerge platform in 2025. The total issue size stood at ₹712 crore, according to the NSE report.West Bengal | A total of 13 companies from the state listed on the NSE Emerge platform in 2025. The firms raised a total sum of ₹591 crore.Haryana | Six firms from the North Indian state, made their debut on the NSE Emerge platform last year. They raised ₹327 crore in total.Tamil Nadu | The southern state reported a total of five NSE Emerge IPOs in 2025, who cumulatively raised a sum of ₹271 crore, according to the NSE report.Uttar Pradesh | Five NSE Emerge IPOs also came from Uttar Pradesh in 2025 and these five companies together raised a sum of ₹268 crore.Madhya Pradesh | As many as six companies from Madhya Pradesh listed on the NSE Emerge platform in 2025. Their issue size was up to ₹233 crore.Rajasthan | Four companies from the desert state listed on the NSE Emerge index in 2025, raising up to ₹200 crore, as per the NSE report.Karnataka | Three firms from Karnataka listed on the NSE Emerge exchange last year. They raised up to ₹173 crore.Nine companies from the remaining parts of the country listed on the NSE Emerge platform in 2025 raising a sum of ₹387 crore, collectively.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.