Upcoming SME IPOs in 2025

Upcoming SME IPOs in 2025
Find details about upcoming SME IPOs and stay updated.
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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

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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

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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

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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

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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

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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

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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

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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

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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

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The fundraising will help companies meet capital expenditure requirements, finance expansion plans, repay borrowings, and cover general corporate purposes.

4 min read

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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


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Reasons to invest in upcoming SME IPOs

Investing in upcoming SME IPOs offers several advantages. It’s an opportunity for investors to gain from the growth potential of small and medium enterprises. The SME IPOs also help with portfolio diversification, spreading the investment risk across various sectors. By investing in upcoming SME IPOs the investors get an opportunity to buy shares at a lower price than future market value if the company does well. In addition, SMEs with high growth potential could be undervalued and investing in an IPO helps to reap the benefits from the early-stage expansion of the company.

Who can participate in investing in SME IPOs?

Upcoming SME IPOs offer opportunities for a wide range of investors, from individual retail investors to large institutional participants. Retail investors can explore high-growth opportunities through SME IPO listings, as the lower application size makes it easier for those with modest capital to invest. This allows them to diversify their portfolios and tap into small-cap IPO listings that may have significant growth potential. Domestic institutions, including venture capital funds, mutual funds and portfolio management schemes, are also attracted to SME IPOs. Similarly, foreign investors, including NRIs and foreign venture capital funds, can also invest in SME IPOs.

A step-by-step guide to apply for SME IPOs

Web: You can apply for an IPO on the Upstox website. Go to https://upstox.com/ipo/ 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: Here’s how you can invest in SME IPOs through Upstox app:

  • 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

What is the maximum number of lots I can apply for in an SME IPO?

The maximum number of lots you can apply for in an SME IPO depends on the lot size and the maximum bid amount fixed by the company. Each IPO will have a fixed lot size for different categories. There’s no fixed universal cap, the company determines the limits for each category. The investors can bid for at least a single lot size in their respective categories during the subscription of upcoming SME IPOs.

What distinguishes the DRHP from the RHP in the context of SME IPOs?

In the context of SME IPOs, the Draft Red Herring Prospectus (DRHP) is the initial filing with the stock exchanges, offering preliminary details about the company’s operations and the proposed IPO. It’s the first step in the IPO process and the subsequent approval. Any required changes are made before moving to the next stage. The Red Herring Prospectus (RHP) is a more detailed document filed after making changes as per the observations made by the stock exchanges. It includes important information like financial updates, changes in shareholding and final offer size, among others. The RHP is filed closer to the launch of the upcoming SME IPOs.
Other IPO Links
  1. Upcoming IPOs