SME IPOs 2026
SME IPOs 2026
Explore all SME IPOs and discover potential investments.
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Open IPOs
Open - Close27 Jan - 29 Jan
Issue size₹18.00
Price range₹61.00 – ₹64.00
Opens on 27 Jan
Open - Close27 Jan - 30 Jan
Issue size₹25.00
Price range₹52.00 – ₹55.00
Opens on 27 Jan
Open - Close22 Jan - 27 Jan
Issue size₹15.00
Price range₹140 – ₹144
Closes on 27 Jan
Open - Close22 Jan - 27 Jan
Issue size₹42.00
Price range₹67.00 – ₹70.00
Closes on 27 Jan
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Shayona Engineering IPOSME, Engineering | 22 Jan - 27 Jan | ₹15Cr | ₹140 – ₹144 | 1.41x | |
Hannah Joseph Hospital IPOSME, Hospital & Healthcare Services | 22 Jan - 27 Jan | ₹42Cr | ₹67.00 – ₹70.00 | 0.59x | |
Kasturi Metal Composite IPOSME, Steel & Iron Products | 27 Jan - 29 Jan | ₹18Cr | ₹61.00 – ₹64.00 | --- | |
NFP Sampoorna Foods IPOSME, Consumer Food | 27 Jan - 30 Jan | ₹25Cr | ₹52.00 – ₹55.00 | --- |
View more open IPOs
Upcoming IPOs
Date announced
Name | Status | |
|---|---|---|
Msafe Equipments IPOSME, Electric Equipment | 28 Jan 2026 Opening | --- |
Kanishk Aluminium India IPOSME, Aluminium & Aluminium Products | 28 Jan 2026 Opening | --- |
Dates yet to be announced
Closed IPOs
Allotment Date27 Jan 2026
Demat Transfer28 Jan 2026
Listing Date29 Jan 2026
Allotment Date23 Jan 2026
Demat Transfer27 Jan 2026
Listing Date28 Jan 2026
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
KRM Ayurveda IPOSME, Hospital & Healthcare Services | 27 Jan 2026 | 28 Jan 2026 | 29 Jan 2026 | 74.04x |
Digilogic Systems IPOSME, Defence | 23 Jan 2026 | 27 Jan 2026 | 28 Jan 2026 | 1.16x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Aritas Vinyl IPOSME, Textile | 23 Jan 2026 | --- | ₹47.00 | 0.00% |
Armour Security India IPOSME | 22 Jan 2026 | --- | ₹45.60 | -20.00% |
GRE Renew Enertech IPOSME | 21 Jan 2026 | --- | ₹96.00 | -8.57% |
Narmadesh Brass Industries IPOSME, Metal - Ferrous | 21 Jan 2026 | --- | ₹495.00 | -3.88% |
INDO SMC IPOSME, Electric Equipment | 21 Jan 2026 | --- | ₹149.00 | 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
IPO Season 2026: All 12 companies which filed their preliminary IPO papers with SEBI between June and October obtained their observations between January 19 and 23, the update showed. In regulatory terms, SEBI's observation is equivalent to clearance for launching a public issue.
3 min read
Digilogic Systems IPO allotment: The ₹81.01 crore issue, with a price band of ₹98 to ₹104 per equity share, was a mix of fresh issuance of shares aggregating to ₹69.68 and an offer for sale (OFS) of ₹11.33 crore by promoter Madhusudhan Varma Jetty.
3 min read
Shadowfax Technologies IPO allotment: The initial share sale, with a price band of ₹118 to ₹124 per equity share, aimed to raise ₹1,907.27 crore via the issuance of new equity shares valued at ₹1,000 crore and an offer for sale (OFS) component of ₹907.27 crore.
3 min read
KRM Ayurveda IPO: The initial share sale, with a price band of ₹128 to ₹135 per share, seeks to raise ₹77.49 crore via the issuance of 57.40 lakh new equity shares. There is no offer for sale component.
3 min read
Upcoming IPOs: Listings that are scheduled for next week include Shadowfax Technologies, Digilogic Systems, KRM Ayurveda, Hannah Joseph Hospital and Shayona Engineering.
3 min read
Shadowfax Technologies IPO: The ₹1,907.27 crore initial share sale includes new equity shares worth ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore by existing investors.
3 min read
Digilogic Systems IPO: The company seeks to raise up to ₹69.68 crore from the fresh issuance of shares and up to ₹11.33 crore from the offer for sale, taking the total issue size to ₹81.01 crore.
2 min read
PhonePe IPO: The proposed initial share sale is exclusively an offer for sale of 5.06 crore shares. There is no fresh issue component, according to the UDRHP.
3 min read
Shadowfax Technologies IPO: The ₹1,907.27 crore issue, with a price band of ₹118 to ₹124 per share, will conclude on January 22. It is a fresh issuance of shares aggregating to ₹11,000 crore and an offer for sale (OFS) component of ₹907.27 crore by existing shareholders.
3 min read
KRM Ayurveda IPO: The ₹77.49 crore initial share sale is solely a fresh issuance of 57.40 lakh equity shares with no offer for sale component.
3 min read
Amagi Media Labs share price: The ₹1,788.62 crore initial share sale consisted of new shares valued at ₹816 crore and an offer for sale (OFS) of shares aggregating to ₹972.62 crore.
2 min read
Upcoming IPO: The proposed issue of EAAA India Alternatives will be solely an offer-for-sale (OFS) by Edelweiss Group, according to the preliminary papers filed on Monday.
2 min read
Jio IPO update: According to analyst estimates, the Jio IPO is expected to be listed at an enterprise valuation in the range of USD 101 billion to USD 180 billion.
3 min read
Digilogic Systems IPO: The ₹81.01 crore initial share sale consists of a fresh issuance of ₹69.68 crore and an offer for sale of ₹11.33 crore by promoter Madhusudhan Varma Jetty.
3 min read
Shadowfax Technologies IPO: The ₹1,907.27 crore book-build issue, with a price band of ₹118 to ₹124 per share, is a mix of fresh issuance of shares valued at ₹1,000 crore and an offer for sale (OFS) of shares aggregating to ₹907.27 crore.
3 min read
PhonePe IPO: The proposed initial share sale will be an offer for sale by existing shareholders. The company will not be raising any additional primary capital in the IPO, PTI reported, citing sources.
2 min read
New IPO Alert: The proposed initial share sale of Advanta Enterprises will be solely an offer-for-sale (OFS) of 3.61 crore shares. There will be no fresh issuance of shares.
2 min read
Amagi Media Labs IPO allotment: The cloud-based software-as-a-service (SaaS) company's ₹1,788.62 crore initial share sale, with a price band of ₹343 to ₹361 per share, consisted of a fresh issuance of shares valued at ₹816 crore and an offer for sale (OFS) of ₹972.62 crore by existing shareholders.
3 min read
Shadowfax Technologies IPO will open for subscription on January 20. The company aims to raise ₹1,907.27 crore through its public issue. It offers third-party logistics (3PL) services by partnering with large enterprises in e-commerce, quick commerce, food delivery, and on-demand mobility.
6 min read
Bharat Coking Coal share price: The ₹1,071.11 crore initial share sale was only an offer for sale (OFS) of 46.57 crore equity shares by promoter Coal India Ltd, with no fresh issuance of shares.
3 min read
Shadowfax Technologies has set a price band of ₹118 to ₹124 per share. The bidding for anchor investors will take place on January 19, while the issue will conclude on January 22.
4 min read
Until 5 PM, the ₹1,788.62 crore issue has secured bids for 82,40,12,260 shares as against 2,72,66,589 shares on offer, according to the NSE data
4 min read
The BCCL IPO will list on the bourses on January 19. As the IPO got strong subscription numbers at 147x, the chances of allotment got trimmed for many. For those who didnt got the allotment of shares for BCCL, they now need to keep an eye on the IPO of the other two Coal India subsidiaries, i.e., South Eastern Coalfields and Mahanadi Coalfields.
4 min read
Bharat Coking Coal IPO Listing Date: The initial share sale aimed to raise ₹1,071.11 crore via an offer for sale of 46.57 crore shares by Coal India. There was no fresh issuance of shares.
3 min read
Bharat Coking Coal IPO allotment finalised: The ₹1,071.11 crore offer was exclusively an offer for sale (OFS) of 46.57 crore equity shares by promoter Coal India Ltd. With a price band of ₹21 to ₹23 per share, a lot consisted of 600 shares.
4 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:
Msafe Equipments IPO opening on 2026-01-28,
Kanishk Aluminium India IPO opening on 2026-01-28,
Solar91 Cleantech IPO
Other IPO Links
Shayona Engineering 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