SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
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Open IPOs
Open - Close10 Oct - 14 Oct
Issue size₹41.00
Price range₹120 – ₹127
Opens on 10 Oct
Open - Close10 Oct - 14 Oct
Issue size₹10.00
Price range₹66.00 – ₹66.00
Opens on 10 Oct
Open - Close30 Sep - 14 Oct
Issue size₹63.00
Price range₹88.00 – ₹91.00
Closes on 14 Oct
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 SK Minerals & Additives IPOSME, Chemicals | 10 Oct - 14 Oct | ₹41Cr | ₹120 – ₹127 | --- | |
Sihora Industries IPOSME, Textile | 10 Oct - 14 Oct | ₹10Cr | ₹66.00 – ₹66.00 | --- | |
Shlokka Dyes IPOSME, Chemicals | 30 Sep - 14 Oct | ₹63Cr | ₹88.00 – ₹91.00 | 0.63x |
View more open IPOs
Upcoming IPOs
Date announced
There are no upcoming sme IPOs at the moment
Dates yet to be announced
Closed IPOs
Allotment Date10 Oct 2025
Demat Transfer13 Oct 2025
Listing Date14 Oct 2025
Allotment Date08 Oct 2025
Demat Transfer09 Oct 2025
Listing Date10 Oct 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Mittal Sections IPOSME, Engineering - Construction | 10 Oct 2025 | 13 Oct 2025 | 14 Oct 2025 | 2.30x |
NSB BPO Solutions Limited SME, BPO/ITeS | 08 Oct 2025 | 09 Oct 2025 | 10 Oct 2025 | 0.81x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
DSM Fresh Foods IPOSME, Consumer Food | 09 Oct 2025 | --- | ₹120.00 | 20.00% |
Greenleaf Envirotech IPOSME, Engineering - Construction | 09 Oct 2025 | --- | ₹134.90 | -0.81% |
Chiraharit IPOSME, Engineering | 08 Oct 2025 | --- | ₹16.80 | -20.00% |
Sunsky Logistics IPOSME, Logistics | 08 Oct 2025 | --- | ₹51.00 | 10.87% |
Infinity Infoway IPOSME, IT - Software | 08 Oct 2025 | --- | ₹294.50 | 90.00% |
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
LG Electronics IPO became the most subscribed IPO on record as it received bids worth ₹4.39 lakh crore surpassing Bajaj Housing Finance IPO which got bids worth ₹3.24 lakh crore, data from the National Stock Exchange showed.
2 min read
Tata Capital IPO allotment status: The initial share sale aimed to raise ₹15,511.87 crore by offering 21 crore new shares, worth ₹6,846 crore, and an offer for sale (OFS) of ₹8,665.87 crore.
4 min read
LG Electronics India IPO: The ₹11,607.01 crore initial share sale, with a price band of ₹1,080 to ₹1,140 per share, is an entirely offer-for-sale of 10.18 crore shares by the South Korean-based parent, LG Electronics Inc. The lot size is 13 shares.
3 min read
Canara Robeco AMC IPO: The ₹1,326.13 crore initial share sale is exclusively an offer for sale of 4.99 crore shares by promoters Canara Bank and ORIX Corporation Europe NV (previously known as Robeco Groep NV).
3 min read
Rubicon Research IPO day 1: The ₹1,377.50 crore initial share sale, which will conclude on October 13, consists of a fresh issuance of shares aggregating to ₹500 crore and an offer for sale of ₹877.50 crore by the promoter selling shareholder General Atlantic Singapore RR Pte Ltd.
3 min read
LG Electronics India IPO: The company's advertising promotional expenses increased 7.27% to ₹1,009.12 crore in FY25, from ₹940.71 crore in FY24. The total tax expense of LG's India unit in FY25 rose 44.42% YoY to ₹759.76 crore.
3 min read
WeWork IPO Listing Date: The issue was exclusively an offer for sale of 4.63 crore shares amounting to ₹3,000 crore. Under the OFS, promoter Embassy Buildcon LLP is selling 35,402,790 shares, while investor 1 Ariel Way Tenant Ltd (part of WeWork Global) is offloading 10,893,506 shares.
3 min read
Canara HSBC Life Insurance will launch its ₹2,517.5 crore IPO on October 10. The company is jointly promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited. In FY25, it had the third-highest assets under management amongst public sector bank-promoted life insurers, according to the CRISIL report.
5 min read
WeWork India IPO allotment: The initial share sale was an offer for sale of 4.63 crore shares totalling ₹3,000 crore without a fresh issue component. Under the OFS, promoter selling shareholder Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) will offload their stakes.
4 min read
LG Electronics India IPO day 2: The ₹11,607.01 crore initial share sale, with a price band of ₹1,080 to ₹1,140 per equity share, is entirely an offer for sale (OFS) of 10.18 crore shares by South Korea's conglomerate LG.
3 min read
Tata Capital IPO: The ₹15,511.87 crore offer, with a price band of ₹310 to ₹326 per equity share, consists of a fresh issuance of shares amounting to ₹6,846 crore and an offer for sale valued at ₹8,665.87 crore by promoter Tata Sons and investor International Finance Corporation.
3 min read
Anantam Highways Trust IPO: The Alternatives Fund Advisors-sponsored infrastructure investment trust is raising ₹400 crore IPO by offering four crore units. The price band has been set at ₹98 to ₹100 per unit.
2 min read
Rubicon Research IPO is a mix of new equity shares worth ₹500 crore and an offer for sale of 1.81 crore shares aggregating to ₹877.50 crore by promoter General Atlantic Singapore RR Pte Ltd. The total issue size is ₹1,377.50 crore.
3 min read
Om Freight Forwarders share price: The IPO, which sought to raise ₹122.31 crore, was a fresh issue of up to ₹24.43 crore and an offer for sale of ₹97.88 crore. The price band was set at ₹128 to ₹135 per share.
3 min read
Advance Agrolife IPO share price: The ₹192.86 crore initial public offering of the Jaipur-based company was only a fresh issuance of 1.93 crore equity shares. There was no offer for sale component. It had set a price band of ₹95 to ₹100 per share.
2 min read
The mega-IPO of LG Electronics India Ltd, the Indian unit of South Korea's LG conglomerate, has been subscribed 1.04% on the first day of bidding. The issue, which will end on October 9, has set a price band of ₹1,080 to ₹1,140 per share.
3 min read
Tata Capital IPO is being undertaken in line with the Reserve Bank of India's listing mandate for upper-layer non-banking financial companies, which requires them to be listed within three years of classification.
3 min read
LG Electronics India IPO: The ₹11,607.01 crore initial share sale, which is entirely an offer-for-sale (OFS) of 101,815,859 shares, represents about 15% stake by the South Korea-based parent.
3 min read
LG Electronics India IPO opened for subscription on October 7. The company plans to raise ₹11,607.01 crore via offer-for-sale. LG Electronics is India’s leading home appliances and consumer electronics brand, and competes with listed peers like Havells India, Voltas, Whirlpool of India and Blue Star.
4 min read
LG Electronics India IPO dazzles with size and growth potential, but competition from parent-linked entities and high valuations make understanding the subtle risks crucial before investing.
5 min read
Tata Capital vs LG Electronics India IPO: The twin initial share sales are drawing strong investor interest due to their scale and the stature of their parent groups. Here's a look at quick comparisons between the two IPOs.
3 min read
WeWork India IPO: The ₹3,000 crore initial share sale, entirely an offer for sale (OFS) of 4.63 crore shares, will see promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) offload their stakes.
3 min read
Glottis share price: The Chennai-based company's initial share sale was a mix of a fresh issue worth ₹160 crore and an offer for sale (OFS) of up to 1.14 crore equity shares amounting to ₹147 crore.
2 min read
Fabtech Technologies share price: The company's initial share sale, with a price range of ₹181 to ₹191 per share, was solely a fresh issuance of shares valued at ₹230.35 crore.
2 min read
The ₹2,517.50 crore initial share sale is solely an offer for sale of 237,500,000 shares by the promoters, Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Ltd, and the investor, Punjab National Bank.
2 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:
Shipwaves Online IPO,
Riddhi Display Equipments IPO,
Solar91 Cleantech IPO,
Victory Electric Vehicles International IPO
Other IPO Links
Shlokka Dyes 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