SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
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Open IPOs
Open - Close15 Dec - 17 Dec
Issue size₹46.00
Price range₹126 – ₹126
Opens on 15 Dec
Open - Close12 Dec - 16 Dec
Issue size₹12.00
Price range₹30.00 – ₹30.00
Closes on 16 Dec
Open - Close12 Dec - 16 Dec
Issue size₹71.00
Price range₹135 – ₹142
Closes on 16 Dec
Open - Close12 Dec - 16 Dec
Issue size₹43.00
Price range₹83.00 – ₹88.00
Closes on 16 Dec
Open - Close11 Dec - 15 Dec
Issue size₹74.00
Price range₹112 – ₹118
Closes at 03:50 PM
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Pajson Agro India IPOSME, Agriculture | 11 Dec - 15 Dec 13 hrs | ₹74Cr | ₹112 – ₹118 | 2.47x | |
Stanbik Agro IPOSME, Agriculture | 12 Dec - 16 Dec | ₹12Cr | ₹30.00 – ₹30.00 | 0.05x | |
Ashwini Container Movers IPOSME, Logistics | 12 Dec - 16 Dec | ₹71Cr | ₹135 – ₹142 | 0.13x | |
Exim Routes IPOSME, Paper & Paper Products | 12 Dec - 16 Dec | ₹43Cr | ₹83.00 – ₹88.00 | 0.36x | |
Neptune Logitek IPOSME, Logistics | 15 Dec - 17 Dec | ₹46Cr | ₹126 – ₹126 | --- |
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 Dec 2025
Demat Transfer16 Dec 2025
Listing Date17 Dec 2025
Allotment Date15 Dec 2025
Demat Transfer16 Dec 2025
Listing Date17 Dec 2025
Allotment Date11 Dec 2025
Demat Transfer12 Dec 2025
Listing Date15 Dec 2025
Allotment Date11 Dec 2025
Demat Transfer12 Dec 2025
Listing Date15 Dec 2025
Allotment Date11 Dec 2025
Demat Transfer12 Dec 2025
Listing Date15 Dec 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Unisem Agritech IPOSME, Agriculture | 15 Dec 2025 | 16 Dec 2025 | 17 Dec 2025 | 1.47x |
Shipwaves Online IPOSME, Logistics | 15 Dec 2025 | 16 Dec 2025 | 17 Dec 2025 | 1.69x |
Riddhi Display Equipments IPOSME | 11 Dec 2025 | 12 Dec 2025 | 15 Dec 2025 | 4.97x |
Prodocs Solutions IPOSME, BPO/ITeS | 11 Dec 2025 | 12 Dec 2025 | 15 Dec 2025 | 1.90x |
K.V. Toys India IPOSME, Retailing | 11 Dec 2025 | 12 Dec 2025 | 15 Dec 2025 | 349.28x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Flywings Simulator Training Centre IPOSME, Educational Institutions | 12 Dec 2025 | --- | ₹195.00 | 2.09% |
Encompass Design India IPOSME, Retailing | 12 Dec 2025 | --- | ₹203.30 | 90.00% |
Methodhub Software IPOSME, IT - Software | 12 Dec 2025 | --- | ₹155.20 | -20.00% |
Luxury Time IPOSME, Retailing | 11 Dec 2025 | --- | ₹155.80 | 90.00% |
Western Overseas Study Abroad IPOSME, Educational Institutions | 11 Dec 2025 | --- | ₹54.90 | -1.96% |
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
Going by the papers filed on Friday, the company plans to use the proceeds to support the growth of Shiprocket's platforms by investing in marketing initiatives and strengthening its technology infrastructure for both its core and emerging businesses.
2 min read
Nephrocare Health Services IPO: The ₹871.05 crore initial share sale is a mix of a fresh issuance of shares worth ₹353.4 crore and an offer for sale (OFS) of ₹517.64 crore.
3 min read
Park Medi World IPO: The ₹920 crore initial share sale is a mix of a fresh issuance of shares aggregating to ₹770 crore and an offer for sale of ₹150 crore by promoter Dr Ajit Gupta.
3 min read
ICICI Prudential AMC IPO: The ₹10,602.65 crore initial share sale is an offer for sale of 48,972,994 equity shares by promoter Prudential Corporation Holdings Ltd. Since there is no fresh issue component, the company will not get any proceeds from the IPO.
3 min read
Upcoming IPOs: The initial public offering of magnet winding wire maker KSH International will be live from December 16 to December 18. It has set a price band of ₹365 to ₹384 per share. A lot consists of 39 shares.
3 min read
Corona Remedies IPO Listing Date: The ₹655.68 crore public offer was only an offer for sale of 0.62 crore shares. As part of the OFS, promoters Dr Kirtikumar Laxmidas Mehta, Minaxi Kirtikumar Mehta, Brinda Ankur Mehta and Dipabahen Niravkumar Mehta are offloading their shares.
3 min read
KSH International IPO: The initial share sale seeks to raise ₹710 crore by offering new shares worth ₹420 crore and an offer for sale (OFS) of ₹290 crore by promoters Kushal Subbayya Hegde, Rajesh Kushal Hegde, Pushpa Kushal Hegde and Rohit Kushal Hegde.
3 min read
Corona Remedies IPO allotment: The book-build issue sought to raise ₹655.37 crore via solely an offer for sale (OFS) of 0.62 crore equity shares. As there was no fresh issue component, the company will not get any proceeds from the IPO.
3 min read
Wakefit Innovations IPO allotment finalised: The ₹1,288.89 crore initial public offering comprised a fresh issue of shares worth ₹377.18 crore and an offer for sale (OFS) component of 4,67,54,405 shares worth ₹911.71 crore.
4 min read
Until 4:15 PM, the issue has received bids for 39,292,280 shares compared to 41,818,182 shares on offer, according to the NSE data.
3 min read
Nephrocare Health Services IPO: The ₹871.05 crore initial share sale is a fresh issuance of shares aggregating to ₹353.4 crore and an offer for sale (OFS) of ₹517.64 crore by promoters and existing shareholders.
3 min read
Alongside external investors, ICICI Bank itself invested ₹2,140 crore to acquire an additional 2% stake in the asset management company
2 min read
If everything goes well for SpaceX, it could be the biggest listing of all time. The largest IPO in history took place in 2019, when petroleum and natural gas giant Saudi Aramco raised $29 billion.
2 min read
KV Toys India IPO allotment: The initial share sale aimed to raise ₹40.15 crore by exclusively a fresh issuance of 16.80 lakh shares with no offer for sale component.
3 min read
Last month, SBI approved the offloading of 32,060,000 equity shares, being equivalent to 6.3007% of the total equity capital of SBIFML through IPO
3 min read
Nephrocare Health Services IPO Day 1: The ₹871.05 crore initial share sale will conclude on December 12. It is a mix of a fresh issue of shares worth ₹353.4 crore and an offer for sale of 1.12 crore shares aggregating to ₹517.6 crore.
3 min read
Park Medi World IPO: The ₹920 crore initial share sale is a combination of a fresh issue of shares aggregating to ₹770 crore and an offer for sale (OFS) of shares totalling ₹150 crore by promoter Dr Ajit Gupta.
3 min read
Corona Remedies IPO: The initial share sale seeks to raise ₹655.37 crore via solely an offer for sale (OFS) of equity shares. There is no fresh issue component.
3 min read
KV Toys India IPO: The ₹40.15 crore initial share sale is only a fresh issuance of 16,80,000 equity shares. The money generated will be utilised for working capital requirements, repayment of certain borrowings and general corporate needs.
3 min read
Wakefit Innovations IPO: The initial share sale, with a price band of ₹185 to ₹195 per share, is a fresh issuance of shares aggregating to ₹377.18 crore and an offer for sale (OFS) of ₹912 crore.
3 min read
The company is India's leading dialysis services provider as of FY25 with a notable global network of 519 clinics, including 51 international clinics across the Philippines, Uzbekistan, and Nepal as of September 30, 2025.
3 min read
Aequs share price: The ₹921.81 crore initial share sale was a fresh issue of equity shares aggregating to ₹670 crore as well as an offer for sale of ₹251.81 crore by promoters and existing investors.
2 min read
The company plans to utilise net proceeds towards funding capital expenditure requirements for setting up new projects in subsidiary ALCU, payment of debt, and for general corporate purposes.
2 min read
Meesho IPO: The ₹5,421.20 crore initial share sale, with a price range of ₹105 to ₹111 per share, was a fresh issue worth ₹4,250 crore and an offer for sale (OFS) of ₹1,171.20 crore.
3 min read
Meesho IPO Listing Date: The ₹5,421.20 crore public offer comprised a fresh issuance of shares aggregating to ₹4,250 crore and an offer for sale of 10.55 crore shares totalling ₹1,171.20 crore.
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
Pajson Agro India 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