SME IPOs in 2025

SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
sme
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Open IPOs

There are no open sme IPOs at the moment


Upcoming IPOs

Date announced
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Virtual Galaxy Infotech IPOIT - Software, SME
9 May 2025 Opening
Dates yet to be announced
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Solar91 Cleantech IPOPower Generation/Distribution, SME
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Closed IPOs

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Srigee DLM IPOSME

478.42x

subscribed

Allotment Date08 May 2025
Demat Transfer09 May 2025
Listing Date12 May 2025
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Manoj Jewellers IPODiamond & Jewellery, SME

1.0x

subscribed

Allotment Date08 May 2025
Demat Transfer09 May 2025
Listing Date12 May 2025
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Kenrik Industries IPODiamond & Jewellery, SME

1.97x

subscribed

Allotment Date07 May 2025
Demat Transfer08 May 2025
Listing Date09 May 2025

Listed IPOs

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Arunaya Organics IPOChemicals, SME
Listing Date07 May 2025
Today's LTP---
Listing price₹30.10
Listing gains-48.10%
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Iware Supplychain Services IPOLogistics, SME
Listing Date06 May 2025
Today's LTP---
Listing price₹85.05
Listing gains-10.47%
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Tankup Engineers IPOSME
Listing Date30 Apr 2025
Today's LTP---
Listing price₹175.00
Listing gains25.00%
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Infonative Solutions IPOIT - Education, SME
Listing Date08 Apr 2025
Today's LTP---
Listing price---
Listing gains---
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Spinaroo Commercial IPOPaper & Paper Products, SME
Listing Date08 Apr 2025
Today's LTP---
Listing price₹52.85
Listing gains3.63%

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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Co-working operator Awfis has already launched its IPO and is listed on the stock exchanges. Smartworks, WeWork India and IndiQube Spaces Ltd have already filed the preliminary documents with the markets regulator SEBI to launch their IPOs.

3 min read

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Upcoming IPO: Mouri Tech proposes to raise ₹250 crore through selling new shares, while promoters and a selling shareholder plan to sell stock to the tune of ₹1,250 crore.

2 min read

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Simple Energy has set an ambitious target of clocking USD 96 million (₹800 crore) in revenue in FY26 with an aim to cross USD 180 million (₹1,500 crore) in cumulative revenue over the next 18 months.

3 min read

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Virtual Galaxy Infotech IPO opens for subscription from May 9 to 14, aiming to raise ₹93.29 crore via SME route. IPO price band is ₹135–₹142 per share with a lot size of 1,000 shares. Net IPO proceeds will be used to open new development facility in Nagpur, IT upgrades, hiring, and debt repayment.

3 min read

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Srigee DLM IPO allotment status will be finalised on Thursday, May 8. The finalisation details will be available on BSE and Bigshare Services websites.

2 min read

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Arunaya Organics share price: The funds generated from the IPO are intended to be used for establishing a manufacturing facility, funding working capital requirements, and general corporate purposes.

2 min read

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Kenrik Industries IPO allotment: The initial share sale was a fresh issue of 34.98 lakh shares aggregating to ₹8.75 crore. There was no offer for sale component. The money raised to the tune of ₹6.56 crore will be utilised for working capital needs, and ₹1.80 crore for corporate general purposes.

2 min read

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Upcoming IPOs: These five companies, which filed their preliminary IPO papers with SEBI in December and January, obtained their observations during April 29-30, the data showed.

3 min read

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Kenrik Industries IPO allotment will be finalised on Wednesday, May 7. The bid finalisation details will be available on the websites of BSE and Skyline Financial Services.

2 min read

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Iware Supplychain Services share price: As the minimum bid size for retail investors was 1,200 shares, allottees suffered a loss of ₹11,940 per lot at the time of listing.

2 min read

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Arunaya Organics IPO allotment finalised: The initial public offering was a combination of a fresh issuance of equity shares aggregating to ₹30.51 crore, and an offer-for-sale of ₹3.48 crore.

2 min read

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Ather Energy IPO Listing Date: The issue is a fresh issuance of shares valued at ₹2,626.3 crore as well as an offer for sale of ₹354.76 crore. The money raised will be utilised for setting up an electric two-wheeler plant in Maharashtra, research and development, marketing initiatives, debt clearance, and corporate general purposes.

2 min read

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Srigee DLM IPO: The price band is set at ₹94 to ₹99 per equity share. Investors can apply for a lot, consisting of 1,200 shares worth ₹1,12,800.

2 min read

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Ather Energy IPO allotment status: The bid finalisation details are available on the websites of the National Stock Exchange (NSE), the BSE, and the registrar, MUFG Intime India Pvt Ltd (earlier Link Intime India).

3 min read

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Manoj Jewellers IPO is a fresh issuance of 30 lakh equity shares worth ₹16.2 crore. It is a fixed-price issue at ₹54 per share. The company proposes to use the money raised for repayment of certain borrowings and general corporate purposes.

3 min read

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Upcoming IPO: Priority Jewels' initial share sale is completely a fresh issue of 54 lakh equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Wednesday.

2 min read

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Arunaya Organics IPO allotment status will be finalised on Monday, May 5. The bids finalisation details will be available on the websites of the National Stock Exchange (NSE) and registrar, Bigshare Services Pvt Ltd.

2 min read

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Wagons Learning IPO: The ₹38.38 crore initial public offering is a mix of a fresh issuance of shares valued at ₹25.26 crore and an offer-for-sale (OFS) component of ₹13.12 crore.

2 min read

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The investors who participated in Ather Energy's IPO are now waiting for the allotment status to be finalised, which is scheduled for Friday, May 2.

2 min read

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Tankup Engineers share price: The initial share sale was a fresh issue of 13.95 lakh shares worth ₹19.53 crore. The money raised will be used for working capital requirements, repayment of outstanding borrowings, and general corporate purposes. It had a price band of ₹133 to ₹140 per share.

2 min read

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The proposed IPO is entirely an offer-for-sale (OFS) of shares worth ₹2,000 crore by promoter Kapur Family Trust, according to the draft red herring prospectus (DRHP).

2 min read

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Ather Energy IPO: The electric two-wheeler manufacturer's ₹2,981.06 crore issue, with a price range of ₹304-₹321 apiece, will conclude on Wednesday, April 30.

2 min read

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Canara HSBC Life IPO: The proposed initial share sale will be exclusively an offer for sale of up to 237,500,000 shares. Under the OFS, Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank will offload their stake.

2 min read

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Upcoming IPOs: Shares of Arunaya Organics Ltd will list on the NSE SME platform Emerge, while Kenrik Industries Ltd shares will debut on the BSE SME.

2 min read

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Tankup Engineers IPO allotment: The ₹19.53 crore initial share sale was solely a fresh issuance of 13.95 lakh equity shares. The funds raised will be utilised for working capital requirements and debt repayment.

2 min read


What our users have to say
IPO section is awesome now.
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I have been using Upstox for the past three years, and it is the best app for investing. I have secured around 10 to 15 IPOs since last year, starting from Tata Technologies to Vishal Mega Mart.
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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: Virtual Galaxy Infotech IPO opening on 2025-05-09, Solar91 Cleantech IPO
Other IPO Links
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