Current SME IPOs in India 2025: Active Listings 2025

Current SME IPOs in 2025

Invest in SME IPOs currently open for subscription.

+91

+91

All Open Upcoming Closed Listed

TechD Cybersecurity IPOIT - Software, SME

0.0x

subscribed

Open - Close15 Sep - 17 Sep

Issue size₹38.00

Price range₹183 – ₹193

Opens on 15 Sep

L.T. Elevator IPOEngineering, SME

0.68x

subscribed

Open - Close12 Sep - 16 Sep

Issue size₹39.00

Price range₹76.00 – ₹78.00

Closes on 16 Sep

Airfloa Rail Technology IPOSME

65.42x

subscribed

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 10 hrs	₹91Cr	₹133 – ₹140	65.42x
L.T. Elevator IPOSME, Engineering	12 Sep - 16 Sep	₹39Cr	₹76.00 – ₹78.00	0.68x
TechD Cybersecurity IPOSME, IT - Software	15 Sep - 17 Sep	₹38Cr	₹183 – ₹193	---

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

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

Upcoming IPOs: Stock listings scheduled next 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

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

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

Shringar House of Mangalsutra IPO: The Mumbai-based company's initial share sale is exclusively a fresh issue of 2.43 crore equity shares valued at ₹400.95 crore with no offer for sale (OFS) component.

3 min read

Urban Company IPO: The company intends to use funds raised via the fresh issuance of equity shares for new technology development and cloud infrastructure, lease payments for its offices, marketing activities, and general corporate purposes.

4 min read

Upcoming IPOs: Prozeal Green Energy is seeking to raise ₹700 crore by issuing new equity shares valued at ₹350 crore and an offer-for-sale (OFS) totalling ₹350 crore by promoters and investors selling shareholders, as per the DRHP.

3 min read

Euro Pratik Sales IPO: The initial public offering is purely an offer for sale (OFS) of 1.83 crore shares aggregating to ₹451.31 crore.

2 min read

Urban Company has reserved 75% shares in the IPO for Qualified Institutional Buyers (QIBs). 10% shares in the IPO are reserved for retail investors, and 15% shares are reserved for non-institutional investors.

3 min read

Sharvaya Metals IPO: The ₹58.80 crore initial share sale is a combination of a fresh issue of 25 lakh equity shares valued at ₹49 crore and an offer for sale amounting to ₹9.80 crore.

3 min read

What our users have to say

IPO section is awesome now.

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I have been using Upstox for the past three years, and it is the best app for investing. I have secured around 10 to 15 IPOs since last year, starting from Tata Technologies to Vishal Mega Mart.

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Which SME IPOs are currently available for subscription?

The IPOs that are available for subscription current are: TechD Cybersecurity IPO Closes on 17 Sep 2025,L.T. Elevator IPO Closes on 16 Sep 2025,Airfloa Rail Technology IPO Closes on 15 Sep 2025

How does the process of investing in SME IPOs work?

Investing in SME IPOs follows a structured process. First, you need to log in to your trading account on Upstox. Next, browse the active SME IPOs and choose the one you want to invest in. Once you’ve selected the issue, you need to choose the IPO and the lot size you plan to buy, along with your bid price. After completing the application, provide your UPI ID for the payment process. Once the IPO closes, the allotment will be finalised. If you are allotted shares, the amount will be deducted from your account. The stock will be listed on the BSE SME or NSE Emerge platforms, where you can track their performances.

You can also apply for an IPO on the Upstox website by visiting https://upstox.com/ipo/ and logging in. Select an IPO from the Open IPOs list and press apply. Provide details like cutoff price, lot size, and your UPI ID for mandate. Approve the UPI mandate via your UPI app. Track your application status in the My Application tab

Frequently asked questions

How can I find out which SME IPOs are currently open for subscription?

To find out which SME IPOs are currently open for subscription, you can regularly check the Upstox app, and the BSE as well as NSE websites. These sources provide up-to-date listings of open SME IPOs, including subscription dates, issue sizes and bid details. Keep track of SME subscription details to stay informed about SME IPO trends.

What documents are necessary to invest in an SME IPO?

To invest in an SME IPO, you need a few important documents to ensure your eligibility. These include your PAN, which serves as proof of identity, and your Aadhaar card, for KYC (Know Your Customer) verification. You also need a bank account linked to UPI (Unified Payments Interface) for easy fund transfer during the application process. A Demat account is required to hold the shares post-allotment. Make sure that all these documents are valid and updated to avoid any issues during the application process.

What is the process for applying for a current SME IPO through Upstox?

To apply for a current SME IPO through Upstox, first log into your Upstox account and navigate to the IPO section. From there, browse the active SME IPOs and select the IPO you wish to invest in. Enter the number of lots you wish to apply for and specify the price band. Next, enter and link your UPI ID for payment authorisation. After submitting your application, the funds will be blocked in your account until the IPO allotment. Once the process is complete, you can track the allotment status on the platform.

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!