SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
+91
Open IPOs
Beezaasan Explotech IPOMining & Minerals, SME
Open - Close21 Feb - 25 Feb
Issue size₹59.00
Price range₹165 – ₹175
Opens on 21 Feb
Swasth Foodtech India IPOConsumer Food, SME
2.22x
subscribed
Open - Close20 Feb - 24 Feb
Issue size₹14.00
Price range₹94.00 – ₹94.00
Closes on 24 Feb
HP Telecom India IPOTelecommunication - Equipment, SME
0.31x
subscribed
Open - Close20 Feb - 24 Feb
Issue size₹34.00
Price range₹108 – ₹108
Closes on 24 Feb
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
Swasth Foodtech India IPOSME, Consumer Food | 20 Feb - 24 Feb | ₹14Cr | ₹94.00 – ₹94.00 | 2.22x | |
HP Telecom India IPOSME, Telecommunication - Equipment | 20 Feb - 24 Feb | ₹34Cr | ₹108 – ₹108 | 0.31x | |
Beezaasan Explotech IPOSME, Mining & Minerals | 21 Feb - 25 Feb | ₹59Cr | ₹165 – ₹175 | --- |
View more open IPOs
Upcoming IPOs
Date announced
There are no upcoming 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
Tejas Cargo India IPOLogistics, SME
0.93x
subscribed
Allotment Date19 Feb 2025
Demat Transfer20 Feb 2025
Listing Date24 Feb 2025
Royalarc Electrodes IPOElectrodes & Welding Equipment, SME
1.36x
subscribed
Allotment Date19 Feb 2025
Demat Transfer20 Feb 2025
Listing Date21 Feb 2025
L.K. Mehta Polymers IPOPlastic Products, SME
43.07x
subscribed
Allotment Date18 Feb 2025
Demat Transfer20 Feb 2025
Listing Date21 Feb 2025
Shanmuga Hospital IPOHospital & Healthcare Services, SME
2.43x
subscribed
Allotment Date18 Feb 2025
Demat Transfer19 Feb 2025
Listing Date21 Feb 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Tejas Cargo India IPOSME, Logistics | 19 Feb 2025 | 20 Feb 2025 | 24 Feb 2025 | 0.93x |
Royalarc Electrodes IPOSME, Electrodes & Welding Equipment | 19 Feb 2025 | 20 Feb 2025 | 21 Feb 2025 | 1.36x |
L.K. Mehta Polymers IPOSME, Plastic Products | 18 Feb 2025 | 20 Feb 2025 | 21 Feb 2025 | 43.07x |
Shanmuga Hospital IPOSME, Hospital & Healthcare Services | 18 Feb 2025 | 19 Feb 2025 | 21 Feb 2025 | 2.43x |
Listed IPOs
PS Raj Steels IPOSteel & Iron Products, SME
Voler Car IPOTravel Services, SME
Maxvolt Energy Industries IPOBatteries, SME
Chandan Healthcare IPOHospital & Healthcare Services, SME
Eleganz Interiors IPOLaminates/Decoratives, SME
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
PS Raj Steels IPOSME, Steel & Iron Products | 19 Feb 2025 | ₹152.00 | ₹145.00 | 3.57% |
Voler Car IPOSME, Travel Services | 19 Feb 2025 | ₹89.50 | ₹90.00 | 0.00% |
Maxvolt Energy Industries IPOSME, Batteries | 19 Feb 2025 | ₹181.00 | ₹180.00 | 0.00% |
Chandan Healthcare IPOSME, Hospital & Healthcare Services | 17 Feb 2025 | ₹168.50 | ₹165.10 | 3.84% |
Eleganz Interiors IPOSME, Laminates/Decoratives | 14 Feb 2025 | ₹116.65 | ₹122.00 | -6.15% |
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
PhonePe redomiciled from Singapore to India in December 2022 for which it had to pay around ₹8,000 crore in taxes to the government. The company in FY24 (2023-24) posted a 73% year-on-year (YoY) increase in its revenue to ₹5,064 crore.
2 min read
National Securities Depository Ltd (NSDL) is expediting its much-anticipated ₹3,000 crore IPO, aiming for a launch by next month before its regulatory approval expires. A senior official confirmed that the depository firm is racing against time to secure necessary clearances.
2 min read
HP Telecom India IPO consists exclusively of a fresh issue of 31.69 lakh equity shares. The company has fixed the IPO price at ₹108 per share for the IPO. The ₹34.23-crore NSE SME issue is available for subscription till February 24.
3 min read
The ₹14.92-crore IPO is open for subscription from February 20 to February 24. The company has fixed the issue price at ₹94 per share. Swasth Foodtech India IPO listing on the BSE SME platform has been scheduled for February 28.
3 min read
In a major disappointment for primary market investors, none of the four IPO listings on Wednesday managed to make an impactful debut. While Hexaware Technologies shares were listed at a 5% premium over the issue price, the three SME issues made a muted debut.
3 min read
Quality Power IPO allotment status will be finalised on Wednesday. Investors who applied for the public issue can check finalisation details on the websites of the NSE, the BSE, and MUFG Intime India Pvt Ltd (formerly Link Intime India).
3 min read
Upcoming IPOs: The allotment of HP Telecom India and Swasth Foodtech IPOs will take place on February 25, while the listing will occur on February 28.
2 min read
Royalarc Electrodes IPO comprised a fresh issue of 18 lakh shares, worth up to ₹21.6 crore, and an offer-for-sale (OFS) of 12 lakh shares, amounting to ₹14.4 crore. The proposed IPO listing date is February 21. Shares of Rolyalarc Electrodes Ltd will be listed on the NSE SME platform.
4 min read
Soon after listing, the stock marginally increased to hit an intraday high of ₹182.05 apiece on the NSE Emerge platform. As the stock debuted at the issue price of ₹180, IPO investors would not have made any gains. The minimum investment for the IPO investors was ₹1,36,800 for a single lot of 800 shares.
3 min read
Voler Car IPO listed flat on the NSE SME platform on February 19, with shares opening at ₹90. The stock hit a 5% lower circuit, marking a lacklustre debut. The company raised ₹27 crore from this public issue.
3 min read
As the minimum bid quantity to apply for the PS Raj Steels IPO was 1,000 shares, successful bidders who were allotted shares in the primary issue were sitting on nominal listing gains of ₹5,000 per lot (₹5 x 1,000) as soon as the stock started trading in the secondary market.
3 min read
The mainboard issue of Quality Power Electrical Equipments Ltd and NSE SME issues of Tejas Cargo India Ltd and Royalarc Electrodes Ltd were fully subscribed on the last day of bidding, after witnessing a muted demand in the first two days.
4 min read
Tejas Cargo India’s ₹105.84 crore IPO was fully subscribed by the final day, with strong demand from Non-Institutional Investors (NIIs). The total subscription reached 1.22 times. The allotment status for the IPO will be finalised on February 18. Investors can check the allotment status on the NSE and Bigshare Services portal.
4 min read
Quality Power IPO fully subscribed on the final day, with 1.29 times oversubscription. Despite a slow start, retail investors drove the demand. The power equipment supplier raised ₹858.7 crore from this IPO. Allotment status will be finalised on February 19. Investors can check the status on the NSE, BSE, or MUFG Intime India portal.
4 min read
Hexaware Tech IPO Listing Date: The issue is exclusively an offer-for-sale (OFS) of shares worth ₹8,750 crore by Carlyle Group's CA Magnum Holdings. Since it is solely an OFS, the entire IPO proceeds will go to the selling shareholder. The company will not get any funds.
2 min read
Bansal did not rule out an IPO in the upcoming fiscal year, suggesting that further clarity on key milestones will emerge following consultations with the company’s board.
3 min read
Quality Power IPO: The initial public offering of Quality Power Electrical Equipments has been fully subscribed on Tuesday, February 18, the third day of bidding.
2 min read
LG Electronics India filed the draft red herring prospectus (DRHP) for the public issue of its India unit with the capital market regulator Securities and Exchange Board of India (Sebi) on December 6, 2024. The IPO could be a complete offer-for-sale of up to 10.18 crore equity shares.
2 min read
Hexaware Technologies IPO allotment has been finalised. Those who have applied for the public issue can check bid finalisation details on the websites of the BSE, the NSE, and KFin Technologies.
3 min read
Shanmuga Hospital IPO allotment: The company launched its IPO on the BSE SME platform on February 13 to raise ₹20.62 crore from the primary market. The company has proposed to list its shares on the BSE SME platform on Thursday, February 20.
4 min read
LK Mehta Polymers IPO allotment: The ₹7.38-crore issue was open for subscription from February 13 to February 17. The IPO price was fixed at ₹71 per share. The listing date has been fixed as February 21.
4 min read
NSDL is a SEBI-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India.
2 min read
Upcoming IPOs: Swasth Foodtech India, HP Telecom India, and Beezaasan Explotech will commence their initial share sales on February 19, 20, and 21, respectively.
3 min read
The lithium-ion batteries manufacturing company launched its initial public offering on February 12 to raise ₹54 crore from the primary market. The company has proposed to list its shares on the NSE SME platform on Wednesday, February 19.
4 min read
Quality Power IPO is a 100% book-built issue aimed at raising a total of ₹858.7 crore. It is a combination of a fresh issuance of 53 lakh shares, aggregating to ₹225 crore, and an offer-for-sale (OFS) of 1.49 crore shares, aggregating to ₹633.7 crore.
2 min read
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
Swasth Foodtech 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