SME IPOs in 2025
Open IPOs
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Sampat Aluminium IPOSME, Aluminium & Aluminium Products | 17 Sep - 19 Sep | ₹30Cr | ₹114 – ₹120 | 3.61x | |
JD Cables IPOSME, Power Generation/Distribution | 18 Sep - 22 Sep | ₹95Cr | ₹144 – ₹152 | --- |
Upcoming IPOs
There are no upcoming sme IPOs at the moment
Closed IPOs
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
TechD Cybersecurity IPOSME, IT - Software | 18 Sep 2025 | 19 Sep 2025 | 22 Sep 2025 | 716.58x |
L.T. Elevator IPOSME, Engineering | 17 Sep 2025 | 18 Sep 2025 | 19 Sep 2025 | 182.04x |
Airfloa Rail Technology IPOSME | 16 Sep 2025 | 17 Sep 2025 | 18 Sep 2025 | 300.89x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Galaxy Medicare IPOSME, Hospital & Healthcare Services | 17 Sep 2025 | --- | ₹54.00 | 0.00% |
Jay Ambe Supermarkets IPOSME, Consumer Food | 17 Sep 2025 | --- | ₹79.00 | 1.28% |
Nilachal Carbo Metalicks IPOSME | 16 Sep 2025 | --- | ₹68.00 | -20.00% |
Karbonsteel Engineering IPOSME, Engineering | 16 Sep 2025 | --- | ₹185.10 | 16.42% |
Krupalu Metals LimitedSME, Metal - Non Ferrous | 16 Sep 2025 | --- | ₹57.60 | -20.00% |
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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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?
Which SME IPO is expected to launch next?
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!