Over half of SME debutants in 2024 in red; 19 multibaggers only saving grace

The 2024 SME IPO market displayed a mixed performance, with over half of the debutants trading below their listing price. However, nineteen IPOs achieved multibagger status, showcasing significant return potential. Regulatory changes aim to enhance market stability, impacting future SME listings. A more discerning, fundamentals-driven approach is expected from both issuers and investors in 2025.