5 Promising Stocks That Have Migrated from SME to Mainboard
Discover five emerging companies that have recently transitioned from the SME platform to the mainboard, offering enhanced visibility, liquidity, and growth potential.
Sme MigrationMainboard StocksEmerging CompaniesReal EstateInfrastructureReal Estate MumbaiNov 20, 2025
1. Modis Navnirman Ltd
The company is known for being one of the fastest-growing players in Mumbai’s redevelopment real estate segment. With a vision backed by modern design thinking and innovation, it has established itself as a promising name in the niche redevelopment space, successfully delivering large-scale projects since its inception in 2010 under founder Mr. Dinesh C. Modi. The company has a market capitalisation of Rs. 747 crore, with its current market price at Rs. 381. It was originally listed on July 06, 2022, and later migrated from the SME platform to the mainboard on November 14, 2025.
2. Shiv Aum Steels Ltd
The company operates in the steel trading space and is managed by Mr. Sanjay Bansal, Mr. Jatin Mehta, and Mr. Krishna Mehta. Incorporated in 1982, it has built a wide product portfolio including angles, channels, plates, and TMT bars. It is also an authorized distributor for JSPL and a dealer for SAIL and JSW Special Products, strengthening its presence in the Indian steel supply ecosystem. The company has a market capitalisation of Rs. 386 crore, with its current market price at Rs. 284. It was listed on October 01, 2019, and migrated from the SME platform to the mainboard on November 13, 2025.
3. Moneyboxx Finance Ltd
The company functions as a non-banking financial institution offering financing solutions to micro and small enterprises across India. It provides small-ticket business loans under the Moneyboxx Vyapaar brand and mortgage-backed lending under the Saral offering, strengthening credit access for underserved MSMEs. The company has a market capitalisation of Rs. 452 crore, with its current market price at Rs. 138. It was listed on June 11, 2014, and transitioned from the SME platform to the mainboard on October 15, 2025.
4. Markolines Pavement Technologies Ltd
The company is recognized as a key player in India’s highway operations and maintenance sector, offering specialized infrastructure services across multiple categories including major maintenance, repair works, and advanced construction methods. It has played a significant role in bringing modern pavement technologies such as micro-surfacing, CIPR, FDR, and rigid pavement systems into mainstream Indian infrastructure development. The company has a market capitalisation of Rs. 335 crore, with a current market price of Rs. 152. It made its initial listing on September 27, 2021, and migrated from the SME platform to the mainboard on October 14, 2025.
5. Rhetan TMT Ltd
The company is engaged in the manufacturing of TMT bars used widely in residential, commercial, and industrial construction activities. It also produces round bars for applications in forging, engineering components, foundation bolts, and shafting products, giving it a strong foothold in India’s construction and engineering supply chain. The company has a market capitalisation of Rs. 1,842 crore, with its current market price at Rs. 23.1. It was listed on September 05, 2022, and moved from the SME platform to the mainboard on September 26, 2025.
Frequently Asked Questions
What is the main reason companies migrate from the SME platform to the mainboard?
The main reasons include improved financial strength, stronger corporate governance, enhanced liquidity, and greater visibility among institutional investors, which help companies access a deeper pool of capital for long-term growth.
What is the market capitalisation of Modis Navnirman Ltd?
The market capitalisation of Modis Navnirman Ltd is Rs. 747 crore.
What products does Shiv Aum Steels Ltd offer?
Shiv Aum Steels Ltd offers a wide range of steel products including angles, channels, plates, and TMT bars. It is also an authorized distributor for JSPL and a dealer for SAIL and JSW Special Products.
How does Moneyboxx Finance Ltd support MSMEs?
Moneyboxx Finance Ltd provides small-ticket business loans under the Moneyboxx Vyapaar brand and mortgage-backed lending under the Saral offering, thereby strengthening credit access for underserved MSMEs.
What is the market price of Rhetan TMT Ltd?
The current market price of Rhetan TMT Ltd is Rs. 23.1.
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