SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
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Open IPOs
Shri Ahimsa Naturals IPOConsumer Food, SME
0.0x
subscribed
Open - Close25 Mar - 27 Mar
Issue size₹73.00
Price range₹113 – ₹119
Closes on 27 Mar
ATC Energies System IPOBatteries, SME
0.0x
subscribed
Open - Close25 Mar - 27 Mar
Issue size₹63.00
Price range₹112 – ₹118
Closes on 27 Mar
Desco Infratech IPOEngineering - Construction, SME
2.48x
subscribed
Open - Close24 Mar - 26 Mar
Issue size₹30.00
Price range₹147 – ₹150
Closes on 26 Mar
Rapid Fleet Management Services IPOLogistics, SME
0.44x
subscribed
Open - Close21 Mar - 25 Mar
Issue size₹43.00
Price range₹183 – ₹192
Closes at 04:50 PM
Active Infrastructures IPOEngineering - Construction, SME
0.52x
subscribed
Open - Close21 Mar - 25 Mar
Issue size₹77.00
Price range₹178 – ₹181
Closes at 04:50 PM
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Rapid Fleet Management Services IPOSME, Logistics | 21 Mar - 25 Mar 6 hrs | ₹43Cr | ₹183 – ₹192 | 0.44x | |
Active Infrastructures IPOSME, Engineering - Construction | 21 Mar - 25 Mar 6 hrs | ₹77Cr | ₹178 – ₹181 | 0.52x | |
Desco Infratech IPOSME, Engineering - Construction | 24 Mar - 26 Mar | ₹30Cr | ₹147 – ₹150 | 2.48x | |
Shri Ahimsa Naturals IPOSME, Consumer Food | 25 Mar - 27 Mar | ₹73Cr | ₹113 – ₹119 | --- | |
ATC Energies System IPOSME, Batteries | 25 Mar - 27 Mar | ₹63Cr | ₹112 – ₹118 | --- |
View more open IPOs
Upcoming IPOs
Date announced
There are no upcoming sme IPOs at the moment
Dates yet to be announced---
Solar91 Cleantech IPOPower Generation/Distribution, SME
Name | Status | |
|---|---|---|
Solar91 Cleantech IPOSME, Power Generation/Distribution | --- | --- |
Closed IPOs
Grand Continent Hotels IPOHotel, SME
1.47x
subscribed
Allotment Date25 Mar 2025
Demat Transfer26 Mar 2025
Listing Date27 Mar 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Grand Continent Hotels IPOSME, Hotel | 25 Mar 2025 | 26 Mar 2025 | 27 Mar 2025 | 1.47x |
Listed IPOs
Paradeep Parivahan IPOShipping, SME
Divine Hira Jewellers IPODiamond & Jewellery, SME
Super Iron Foundry IPOSteel & Iron Products, SME
PDP Shipping & Projects IPOLogistics, SME
NAPS Global India IPOTextile, SME
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Paradeep Parivahan IPOSME, Shipping | 24 Mar 2025 | --- | ₹78.40 | -20.00% |
Divine Hira Jewellers IPOSME, Diamond & Jewellery | 24 Mar 2025 | --- | ₹90.00 | 0.00% |
Super Iron Foundry IPOSME, Steel & Iron Products | 19 Mar 2025 | --- | ₹107.95 | -0.05% |
PDP Shipping & Projects IPOSME, Logistics | 18 Mar 2025 | --- | ₹108.25 | -19.81% |
NAPS Global India IPOSME, Textile | 11 Mar 2025 | --- | ₹108.00 | 20.00% |
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
Grand Continent Hotels shares are scheduled to be listed on the NSE SME platform Emerge on March 27. The initial share sale aims to raise ₹74.46 crore through its SME offer.
4 min read
The ₹30.75 crore public offer of Desco Infratech Ltd comprises only a fresh issue of 20.5 lakh shares. The company has set the price band at ₹147 to ₹150 per share for the IPO. The tentative date for Desco Infratech IPO listing has been fixed as April 1.
4 min read
Only 9 mainboard IPOs have hit the market in the first three months of the year (till March 24, 2025). In comparison, primary markets had seen the launch of as many as 92 mainboard IPOs in the full calendar year 2024.
5 min read
Some companies prefer confidential IPO filings to protect their sensitive data, such as financials and market strategies, safeguard their interests, and enhance due diligence.
3 min read
Divine Hira Jewellers had a muted debut on the NSE SME platform, opening at ₹90 per share. The stock hit a 5% lower circuit after listing to trade around ₹85.50 per share. Despite strong retail demand investors faced losses post-listing of this IPO. The company raised ₹31.84 crore from the public offering.
3 min read
Paradeep Parivahan's IPO made a disappointing debut on the BSE SME platform, listing at a 20% discount. The company raised ₹44.86 crore from this public offering.
3 min read
Desco Infratech IPO: Retail investors can bid for at least 1,000 equity shares for a minimum investment of ₹1,47,000. High-net-worth individuals can apply for 2,000 shares worth ₹3,00,000.
2 min read
Shri Ahimsa Naturals IPO will be open from March 25 to March 27. It has set a price band of ₹113 to ₹119 per share. The ₹73.81 crore initial public offer consists of a fresh issue of ₹50.02 crore as well as an offer for sale (OFS) of 19.99 lakh shares.
3 min read
Active Infrastructures IPO comprises entirely a fresh issue of over 43 lakh shares, aggregating to ₹77.83 crore. The issue will close for bidding on Tuesday, March 25. The company has fixed the price band at ₹178 to ₹181 per share for the IPO.
4 min read
Tata Capital, the financial services arm of Tata Group has expedited its IPO process. The company has hired a syndicate of 10 investment banks, including Citibank, Kotak Mahindra, and JP Morgan, will oversee its public offering. Tata Capital is expected to file draft papers by March or April 2025.
2 min read
Rapid Fleet Management Services aims to raise ₹43.87 crore through its SME IPO. The company has fixed the price band of the issue at ₹183 to ₹192 per share. The issue will close for bidding on March 25.
4 min read
Active Infrastructures IPO: The ₹77.83 crore initial public offer is a fresh issuance of 43,00,200 shares. There is no offer for sale (OFS) component. Retail investors can apply for a minimum of 600 shares, needing an investment of ₹1,06,800.
2 min read
Rapid Fleet IPO: The ₹43.87 crore initial public offer is solely a fresh issuance of 22.85 lakh shares. The net issue proceeds will be utilised for the purchase of vehicles, working capital needs, and corporate general purposes.
2 min read
Five new SME IPOs are set to launch between March 21 and March 25, 2025, including Rapid Fleet Management, Active Infrastructures, Desco Infratech, Shri Ahimsa Naturals, and ATC Energies.
4 min read
Shri Ahimsa Naturals IPO: Retail investors can bid for at least one lot, consisting of 1,200 shares. The minimum investment amount is ₹1,35,600. High net-worth investors can bid for two lots aggregating to ₹2,85,600.
2 min read
Grand Continent Hotels IPO: The ₹74.46 crore initial share sale is a mix of a fresh issuance of 62.60 lakh shares amounting to ₹70.74 crore and an offer for sale (OFS) component of 3.29 lakh shares valued at ₹3.72 crore.
2 min read
Divine Hira Jewellers IPO allotment is expected on Thursday, March 20. The SME IPO closed with strong demand, oversubscribing 4 times, with retail investors’ portion booked 6.62 times as of 5 pm on Day 3.
4 min read
Divine Hira Jewellers IPO was overall booked 3.93 times on the last day. On the other hand, Paradeep Parivahan's IPO closed with a subscription of 2 times. Super Iron Foundry shares were listed on the BSE SME platform flat at ₹107.95 apiece.
3 min read
Paradeep Parivahan IPO: The initial share sale is completely a fresh issue worth ₹44.86 crore. The funds generated will be used to meet working capital requirements as well as general corporate purposes.
2 min read
PhysicsWallah IPO, which could be around $500 million (about ₹4,600 crore) will consist of issuing new equity shares as well as an offer for sale (OFS) component
2 min read
Super Iron Foundry IPO debuted flat on March 19, listing at ₹107.95. The stock hit a 5% lower circuit after listing. The company’s market capitalization stands at ₹240.02 crore.
3 min read
PDP Shipping and Projects shares listed on the BSE SME platform at a nearly 20% discount. Meanwhile, the SME IPO of Divine Hira Jewellers Ltd was fully subscribed on the second day of bidding on the back of strong retail demand.
4 min read
Divine Hira Jewellers IPO: The initial share is a fresh issue of 35.38 lakh shares aggregating to ₹31.84 crore. There is no offer for sale component.
2 min read
PDP Shipping and Projects made a weak stock debut on March 18, opening at ₹108.25, a 20% discount to its IPO price of ₹135. The logistics provider’s shares dropped 5%, hitting the lower circuit limit. The company raised ₹12.65 crore from this IPO.
3 min read
Paradeep Parivahan IPO is a fresh issue of 45.78 lakh shares aimed at raising a total of ₹44.86 crore. The company has fixed the price band at ₹93 to ₹98 per share for the IPO. The BSE SME issue will close on Wednesday, March 19.
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
Other IPO Links
Desco Infratech 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