SME IPOs 2026
SME IPOs 2026
Explore all SME IPOs and discover potential investments.
+91
Open IPOs
Open - Close06 Feb - 10 Feb
Issue size₹31.00
Price range₹102 – ₹108
Closes on 10 Feb
Open - Close06 Feb - 10 Feb
Issue size₹17.00
Price range₹74.00 – ₹78.00
Closes on 10 Feb
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Biopol Chemicals IPOSME, Chemicals | 06 Feb - 10 Feb | ₹31Cr | ₹102 – ₹108 | 0.13x | |
PAN HR Solutions IPOSME | 06 Feb - 10 Feb | ₹17Cr | ₹74.00 – ₹78.00 | 1.06x |
View more open IPOs
Upcoming IPOs
Date announced
Name | Status | |
|---|---|---|
Marushika Technology IPOSME, IT - Software | 12 Feb 2026 Opening | --- |
Closed IPOs
Allotment Date09 Feb 2026
Demat Transfer10 Feb 2026
Listing Date11 Feb 2026
Allotment Date09 Feb 2026
Demat Transfer10 Feb 2026
Listing Date11 Feb 2026
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Grover Jewells IPOSME, Diamond & Jewellery | 09 Feb 2026 | 10 Feb 2026 | 11 Feb 2026 | 19.13x |
Brandman Retail IPOSME, Trading | 09 Feb 2026 | 10 Feb 2026 | 11 Feb 2026 | 79.90x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
CKK Retail Mart IPOSME, Retailing | 06 Feb 2026 | --- | ₹163.00 | 0.00% |
Accretion Nutraveda IPOSME, Pharmaceuticals & Drugs | 04 Feb 2026 | --- | ₹191.00 | 48.06% |
Kanishk Aluminium India IPOSME, Aluminium & Aluminium Products | 04 Feb 2026 | --- | ₹58.40 | -20.00% |
Msafe Equipments IPOSME, Electric Equipment | 04 Feb 2026 | --- | ₹144.00 | 17.07% |
Kasturi Metal Composite IPOSME, Steel & Iron Products | 03 Feb 2026 | --- | ₹64.00 | 0.00% |
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
Brandman Retail IPO: The ₹86.09 crore initial share sale, with a price band of ₹167 to ₹176 per share, is solely a fresh issue of 48.91 lakh equity shares. There is no offer for sale (OFS) component.
3 min read
Upcoming IPOs: The ₹2,833.90 crore Fractal Analytics IPO, which is open from February 9 to February 11, consists of new shares valued at ₹1,023.50 crore and an offer for sale (OFS) component of ₹1,810.40 crore.
3 min read
Fractal Analytics will launch its much-awaited IPO on February 09, 2026, to raise ₹2,833.9 crore through a combination of fresh issue and offer-for-sale. Incorporated in 2000, Fractal Analytics developed full-stack AI capabilities over the last 25 years by integrating technology, industry knowledge, and business expertise.
7 min read
Aye Finance IPO: The company is a leading lender of small-ticket loans to micro-scale MSMEs with a full product line (secured and unsecured) and a focus on serving a large and unaddressed total addressable market (TAM).
4 min read
Fractal Analytics IPO: The ₹2,833.90 crore book-build issue is a mix of new equity shares aggregating to ₹1,023.50 crore and an offer for sale (OFS) of ₹1,810.40 crore.
3 min read
NSE IPO: During the meeting, the board is expected to constitute a specialised IPO committee to serve as the central authority for the listing, PTI reported on Wednesday, citing market sources.
4 min read
Brandman Retail IPO: The ₹86.09 crore initial share sale is exclusively a fresh issuance of 48.91 lakh shares, with no offer for sale (OFS) component.
3 min read
Dhoot Transmission IPO: Backed by private equity major Bain Capital, the proposed initial share sale will be a mix of a fresh issue of equity shares and an offer for sale (OFS) by existing investors.
2 min read
Aye Finance IPO: The ₹1,010 crore initial share sale is a fresh issuance of shares valued at ₹710 crore and an offer for sale (OFS) of ₹300 crore by Alpha Wave India I LP, CapitalG LP, MAJ Invest Financial Inclusion Fund II K/S, LGT Capital Invest Mauritius PCC Cell E/VP and Vikram Jetley.
2 min read
Fractal Analytics IPO: The ₹2,833.90 crore initial share sale is a mix of fresh issuance of shares totalling ₹1,023.5 crore and an offer for sale (OFS) of shares aggregating to ₹1,810.40 crore.
2 min read
SRIT India IPO: The proposed initial share sale is exclusively a fresh issuance of 1.68 crore shares, with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP).
2 min read
Fractal Analytics IPO: The initial share sale is seeking to raise ₹2,833.90 crore via fresh issuance of shares aggregating to ₹1,023.50 crore and an offer for sale component of ₹1,810.4 crore.
2 min read
Marri Retail IPO: The proposed initial share sale will be a mix of fresh issuance of shares aggregating to ₹522 crore and an offer for sale (OFS) component of 27,000,000 shares by promoter Marri Venkat Reddy, according to the preliminary papers.
2 min read
Msafe Equipments IPO allotment: The initial share sale, with a price band of ₹116 to ₹123 per share, aimed to raise ₹66.42 crore via fresh issuance of 44 lakh shares worth ₹54.12 crore and an offer for sale of ₹12.30 crore by promoters Ajay Kumar Kanoi and Vansh Aggarwal.
3 min read
NSE IPO: National Stock Exchange's listing plans were on hold since 2016, when the country's largest bourse first filed a draft red herring prospectus (DRHP) to raise around ₹10,000 crore through an offer for sale (OFS) component by existing shareholders.
3 min read
NSE IPO: The hike in STT is aimed squarely at high-volume derivative trading, rather than the cash equity market, and is expected to meaningfully increase transaction costs for active and short-term trading strategies.
3 min read
Upcoming IPOs this week: NFP Sampoorna Foods's initial share sale, which is open from February 4 to February 6, is seeking to raise ₹24.53 crore via fresh issuance of 44.60 lakh shares, with no offer for sale (OFS) component.
4 min read
CKK Retail Mart IPO: The ₹88.02 crore initial share sale consists of a fresh issuance of 44.08 lakh shares valued at ₹71.85 crore and an offer for sale of 9.92 lakh shares worth ₹16.17 crore by promoter Sakuma Infrastructure and Realty Pvt Ltd.
3 min read
Msafe Equipments IPO: The ₹66.42 crore initial share sale comprised a fresh issuance of 44 lakh shares aggregating to ₹54.12 crore and an offer-for-sale of 10 lakh shares valued at ₹12.30 crore by promoters Vansh Aggarwal and Ajay Kumar Kanoi.
3 min read
Kasturi Metal Composite IPO allotment: The ₹17.61 crore initial share sale, with a price band of ₹61 to ₹64 per equity share, was only a fresh issuance of 27.52 lakh shares, without an offer for sale component.
3 min read
The IPO volumes in FY26 till December 2025 advanced 20% higher than in the same period of FY25. The amount collected was also 10% higher for the same time band of FY25, the Economic Survey said.
2 min read
Bharat Coking Coal IPO, a Coal India subsidiary with a shareholder quota, saw robust investor interest with overall subscription of 143 times. Here is a list of 11 upcoming IPOs that could have a shareholder quota.
5 min read
Turtlemint IPO: The proposed initial share sale consists of new equity shares valued at ₹660.72 crore and an offer for sale (OFS) component of 28,608,992 shares.
3 min read
Bombay Coated and Special Steels IPO: The proposed initial public offering is exclusively a fresh issuance of equity shares valued at ₹191 crore, with no offer for sale (OFS) component.
2 min read
Shayona Engineering IPO allotment: The ₹14.86 crore initial share sale was completely a fresh issuance of 10.32 lakh shares, with no offer for sale (OFS) component.
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:
Marushika Technology IPO opening on 2026-02-12,
NFP Sampoorna Foods IPO,
Solar91 Cleantech IPO
Other IPO Links
PAN HR Solutions 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