SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
+91
Open IPOs
Open - Close15 Sep - 17 Sep
Issue size₹38.00
Price range₹183 – ₹193
Closes on 17 Sep
Open - Close12 Sep - 16 Sep
Issue size₹39.00
Price range₹76.00 – ₹78.00
Closes on 16 Sep
Open - Close11 Sep - 15 Sep
Issue size₹91.00
Price range₹133 – ₹140
Closes at 03:50 PM
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Airfloa Rail Technology IPOSME | 11 Sep - 15 Sep 1 hr | ₹91Cr | ₹133 – ₹140 | 201.43x | |
L.T. Elevator IPOSME, Engineering | 12 Sep - 16 Sep | ₹39Cr | ₹76.00 – ₹78.00 | 2.85x | |
TechD Cybersecurity IPOSME, IT - Software | 15 Sep - 17 Sep | ₹38Cr | ₹183 – ₹193 | 7.37x |
View more open IPOs
Upcoming IPOs
Date announced
There are no upcoming sme IPOs at the moment
Dates yet to be announced
Closed IPOs
Allotment Date15 Sep 2025
Demat Transfer16 Sep 2025
Listing Date17 Sep 2025
Allotment Date15 Sep 2025
Demat Transfer16 Sep 2025
Listing Date17 Sep 2025
Allotment Date12 Sep 2025
Demat Transfer15 Sep 2025
Listing Date16 Sep 2025
Allotment Date12 Sep 2025
Demat Transfer15 Sep 2025
Listing Date16 Sep 2025
Allotment Date12 Sep 2025
Demat Transfer15 Sep 2025
Listing Date16 Sep 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Galaxy Medicare IPOSME, Hospital & Healthcare Services | 15 Sep 2025 | 16 Sep 2025 | 17 Sep 2025 | 1.88x |
Jay Ambe Supermarkets IPOSME, Consumer Food | 15 Sep 2025 | 16 Sep 2025 | 17 Sep 2025 | 63.64x |
Nilachal Carbo Metalicks IPOSME | 12 Sep 2025 | 15 Sep 2025 | 16 Sep 2025 | 5.07x |
Karbonsteel Engineering IPOSME, Engineering | 12 Sep 2025 | 15 Sep 2025 | 16 Sep 2025 | 76.18x |
Krupalu Metals LimitedSME, Metal - Non Ferrous | 12 Sep 2025 | 15 Sep 2025 | 16 Sep 2025 | 1.25x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Vashishtha Luxury Fashion IPOSME, Textile | 15 Sep 2025 | --- | ₹118.00 | 6.31% |
Sharvaya Metals IPOSME, Metal - Non Ferrous | 12 Sep 2025 | --- | ₹219.00 | 11.73% |
Vigor Plast India IPOSME, Plastic Products | 12 Sep 2025 | --- | ₹85.00 | 4.94% |
Austere Systems IPOSME, IT - Software | 12 Sep 2025 | --- | ₹75.55 | 37.36% |
Optivalue Tek Consulting IPOSME, IT - Software | 10 Sep 2025 | --- | ₹103.60 | 23.33% |
View more listed IPOs
How to apply for IPOs on Upstox
Step 1
Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!
Latest News on IPO
Shringar House of Mangalsutra IPO allotment: The entire initial public offering was a fresh issuance of 2.43 crore shares, aggregating to ₹400.95 crore. It had a price band of ₹155 to ₹165 per share.
3 min read
Dev Accelerator IPO allotment status today: The initial public offering was just a fresh issuance of 2.35 crore shares, aggregating to ₹143.35 crore. The price range was set at ₹56 to ₹61 per share.
3 min read
The Danish brewer's India unit, Carlsberg India, had posted a 60.5% increase in FY24 profit to ₹323.1 crore. Its total income stood at ₹8,044.9 crore, reflecting a year-on-year (YoY) jump of 15.2% for the financial year ended March 31, 2024.
2 min read
Urban Company IPO allotment status today: The entire offering consisted of a fresh issuance of 4.58 crore equity shares, amounting to ₹472 crore, and an offer-for-sale, or OFS, component of 13.86 crore shares valued at ₹1,428 crore. The price band was fixed at ₹98 to ₹103 per share.
3 min read
Upcoming IPOs: Stock listings scheduled this week include Vashishtha Luxury Fashion, Nilachal Carbo Metalicks, Krupalu Metals, Taurian MPS, Karbonsteel Engineering, Shringar House of Mangalsutra, Urban Company, Dev Accelerator, Jay Ambe Supermarkets, Galaxy Medicare and Airfloa Rail Technology.
3 min read
TechD Cybersecurity IPO: The initial share sale is solely a fresh issuance of 20,20,200 equity shares worth ₹38.99 crore. There is no offer-for-sale component.
3 min read
VMS TMT IPO: The initial share sale is exclusively a fresh issuance of 1,50,00,000 shares aggregating to ₹148.50 crore. There is no offer for sale (OFS) component.
3 min read
Tata Capital IPO: The International Finance Corporation (IFC), the private sector arm of the World Bank Group, partnered with Tata Capital in 2011 to establish Tata Cleantech Capital Ltd (TCCL).
3 min read
The fundraising will help companies meet capital expenditure requirements, finance expansion plans, repay borrowings, and cover general corporate purposes.
4 min read
Urban Company IPO allotment: The company moved to the capital markets to raise ₹1,900 crore by issuing new equity shares valued at ₹472 crore as well as an offer for sale of ₹1,428 crore.
3 min read
The Dev Accelerator IPO concluded on Friday after three days of bidding, with retail investors showing the strongest interest in the issue
4 min read
Urban Company IPO day 3: The initial share sale is looking to raise ₹1,900 crore by issuing 4.58 crore new shares worth ₹472 crore and an offer for sale of ₹1,428 crore.
3 min read
Shringar House of Mangalsutra IPO, with a price band of ₹155 to ₹165 per share, is a fresh issuance of 24,300,000 equity shares totalling ₹401 crore, with no offer for sale (OFS) component.
3 min read
Dev Accelerator IPO: The issue is solely a fresh issuance of 2.35 crore shares aggregating to ₹143.35 crore. There is no offer for sale (OFS) component.
3 min read
The category for Retail Individual Investors (RIIs) fetched the highest booking with a subscription of 59.31 times, while the quota for non-institutional investors received 15.36 times subscription.
3 min read
Shringar House of Mangalsutra IPO: The Mumbai-based company's initial public offering seeks to raise ₹400.95 crore solely by offering 2.43 crore new shares.
3 min read
Urban Company IPO is aiming to raise ₹1,900 crore by offering new shares worth ₹472 crore and an offer for sale (OFS) of ₹1,428 crore.
3 min read
Tata Capital IPO will be a mix of a fresh issuance of up to 21 crore shares and an offer for sale (OFS) of up to 26.58 crore shares, totalling 47.58 crore shares.
2 min read
Airfloa Rail Technology IPO: The initial public offering is a fresh issuance of 65,07,000 shares aggregating to ₹91.10 crore. There is no offer for sale component.
3 min read
Cotec Healthcare IPO is a fresh issuance of shares valued at ₹295 crore and an offer for sale of 6,000,000 shares, according to the draft red herring prospectus (DRHP).
2 min read
Urban Company IPO: The ₹1,900 crore initial public offering aims to raise ₹472 crore through the issuance of new equity shares and ₹1,428 crore via the offer for sale component.
2 min read
Austere Systems IPO allotment finalised: The initial public offering sought to raise ₹15.57 crore through fresh issuance of 28,30,000 shares without an offer for sale (OFS) component.
3 min read
While retail Individual Investors (RIIs) subscribed 7 times, the non-institutional investors category received 4.16 times the bids. The Qualified Institutional Buyers (QIBs) portion fetched 1.31 times the subscription.
3 min read
The Urban Company (formerly UrbanClap) IPO was fully subscribed on its first day, receiving a strong response with a subscription of 3.13 times on Wednesday.
4 min read
Dev Accelerator IPO is purely a fresh issue of 23,500,000 equity shares aggregating to ₹143 crore. The capital raised will be used for "fit-outs" in the new centres and their security deposits, corporate general purposes and debt repayment.
3 min read
What our users have to say
Why invest in SME IPOs?
Investing in Small and Medium Enterprise (SME) IPOs provides an opportunity to capitalise on growing businesses while benefiting from their potential for expansion and profitability. These initial public offerings allow SMEs to raise capital by listing shares on stock exchanges. SME IPOs provide long-term capital for the company, which can be utilised for expansion, marketing, meeting working capital needs, or other strategic investments. Unlike loans, this capital does not require repayment, offering more financial flexibility. Additionally, public listing enhances the SME’s visibility and reputation, attracting institutional investors and improving corporate governance. The SME IPOs hold immense potential for early investors as many recently listed SME issues have given multifold returns after market debut.
How to apply for SME IPOs with Upstox?
Web: You can apply for an IPO on the Upstox website. Go to https://upstox.com/ipo/sme and log in with your credentials. From the list of open IPOs, select the IPO you want to apply for and click Apply. Enter details like the cutoff price, lot size, and UPI ID for the mandate. Approve the UPI mandate on your UPI application. You can track your application status from the My Application tab.
App: To get started
- Open the Upstox app and log in using your 6-digit PIN or Biometrics.
- From the bottom menu, tap on the More tab and select the IPO option.
- In the Explore section, check the Show SME IPOs box to see all the available SME IPOs.
- Browse through the listed SME IPOs and click on Pre-apply now or Apply Now for your desired IPO.
- Enter the required details like quantity and price, then click on Continue to apply.
- Provide your UPI ID linked to your bank account and click Continue to apply.
- Monitor your application status by selecting Timeline or Summary. A message will appear regarding the pending UPI mandate.
- Open your UPI app and approve the payment mandate.
- Once the mandate is accepted, track your application under the View Application tab.
- To see a detailed IPO timeline, check the Timeline section for date-wise updates.
Frequently asked questions
How does the size of an SME IPO differ from that of a mainboard IPO?
An IPO refers to the first time a company offers its shares to the public to raise capital from the primary market. The main difference between SME IPOs and mainboard IPOs lies in the issue size. Mainboard IPOs tend to have larger issue sizes, while SME IPOs involve smaller issue sizes. To qualify for an SME IPO in India, the Securities and Exchange Board of India (SEBI) has issued a set of guidelines. For instance, the SMEs should have an operating profit of ₹1 crore for two out of three financial years before applying for an IPO, the offer-for-sale is capped at 20% of the issue size, or 50% of the holding, whichever is lower, and the maximum post-issue capital is ₹25 crore, among others.
Which SME IPO is expected to launch next?
Some of the upcoming SME IPOs are:
Solar91 Cleantech IPO,
Victory Electric Vehicles International IPO
Other IPO Links
Airfloa Rail Technology IPO
Trending
View IPO
How to apply for IPOs on Upstox
Step 1
Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!
Other IPO Links