SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
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Open IPOs
Open - Close04 Dec - 08 Dec
Issue size₹10.00
Price range₹56.00 – ₹56.00
Opens on 04 Dec
Open - Close04 Dec - 08 Dec
Issue size₹18.00
Price range₹78.00 – ₹82.00
Opens on 04 Dec
Open - Close03 Dec - 05 Dec
Issue size₹46.00
Price range₹90.00 – ₹90.00
Closes on 5 Dec
Open - Close02 Dec - 04 Dec
Issue size₹10.00
Price range₹110 – ₹118
Closes on 4 Dec
Open - Close02 Dec - 04 Dec
Issue size₹44.00
Price range₹93.00 – ₹98.00
Closes on 4 Dec
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Helloji Holidays IPOSME, Travel Services | 02 Dec - 04 Dec | ₹10Cr | ₹110 – ₹118 | 1.16x | |
Neochem Bio Solutions IPOSME, Chemicals | 02 Dec - 04 Dec | ₹44Cr | ₹93.00 – ₹98.00 | 1.36x | |
Shri Kanha Stainless IPOSME, Steel & Iron Products | 03 Dec - 05 Dec | ₹46Cr | ₹90.00 – ₹90.00 | 0.39x | |
Western Overseas Study Abroad IPOSME, Educational Institutions | 04 Dec - 08 Dec | ₹10Cr | ₹56.00 – ₹56.00 | --- | |
Luxury Time IPOSME, Retailing | 04 Dec - 08 Dec | ₹18Cr | ₹78.00 – ₹82.00 | --- |
View more open IPOs
Upcoming IPOs
Date announced
Name | Status | |
|---|---|---|
Encompass Design India IPOSME, Retailing | 5 Dec 2025 Opening | RHP |
Flywings Simulator Training Centre IPOSME, Educational Institutions | 5 Dec 2025 Opening | RHP |
Dates yet to be announced
Closed IPOs
Allotment Date04 Dec 2025
Demat Transfer05 Dec 2025
Listing Date08 Dec 2025
Allotment Date04 Dec 2025
Demat Transfer05 Dec 2025
Listing Date08 Dec 2025
Allotment Date04 Dec 2025
Demat Transfer05 Dec 2025
Listing Date08 Dec 2025
Allotment Date04 Dec 2025
Demat Transfer05 Dec 2025
Listing Date08 Dec 2025
Allotment Date04 Dec 2025
Demat Transfer05 Dec 2025
Listing Date08 Dec 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Ravelcare IPOSME | 04 Dec 2025 | 05 Dec 2025 | 08 Dec 2025 | 434.79x |
Clear Secured Services IPOSME | 04 Dec 2025 | 05 Dec 2025 | 08 Dec 2025 | 8.85x |
Invicta Diagnostic IPOSME, Hospital & Healthcare Services | 04 Dec 2025 | 05 Dec 2025 | 08 Dec 2025 | 4.02x |
Speb Adhesives IPOSME, Chemicals | 04 Dec 2025 | 05 Dec 2025 | 08 Dec 2025 | 2.47x |
Astron Multigrain IPOSME, Consumer Food | 04 Dec 2025 | 05 Dec 2025 | 08 Dec 2025 | 1.27x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
K K Silk Mills IPOSME, Textile | 03 Dec 2025 | --- | ₹32.00 | -15.79% |
Mother Nutri Foods IPOSME, Consumer Food | 03 Dec 2025 | --- | ₹118.40 | 1.20% |
SSMD Agrotech India IPOSME | 02 Dec 2025 | --- | ₹73.00 | -39.67% |
Gallard Steel IPOSME, Engineering | 26 Nov 2025 | --- | ₹223.10 | 48.73% |
Mahamaya Lifesciences IPOSME | 18 Nov 2025 | --- | ₹116.00 | 1.75% |
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
Meesho IPO: The ₹5,421.20 crore initial share sale is a fresh issuance of 38.29 crore shares worth ₹4,250 crore and an offer for sale (OFS) of 10.55 crore shares totalling ₹1,171.20 crore by investors.
3 min read
The Ravelcare IPO saw robust demand from investors on the final day. The IPO has been subscribed over 200 times on Day 3 till 1:00 pm. Ravelcare Limited offers a range of haircare, skincare and bodycare products.
3 min read
Exato Technologies IPO allotment: The ₹37.45 crore initial share sale was a fresh issue of equity shares aggregating to ₹31.85 crore and an offer for sale (OFS) of ₹5.60 crore by promoter Appuorv K Sinha.
3 min read
Vidya Wires IPO Day 1: The ₹300.01 crore initial share sale comprises a fresh issuance of shares worth ₹274 crore, along with an offer for sale (OFS) of 50.01 lakh shares aggregating to ₹26.01 crore by promoters Shyamsundar Rathi and Shailesh Rathi.
3 min read
Aequs IPO: The ₹921.81 crore IPO consists of a fresh issuance of shares valued at ₹670 crore and an offer for sale (OFS) of ₹251.81 crore.
3 min read
Nephrocare Health IPO: The initial share sale is a fresh issuance of ₹353.41 crore and an offer for sale of 11,253,102 shares, according to the red herring prospectus.
2 min read
Meesho IPO is set to open for subscription on December 3. The e-commerce platform has a distinctive business model compared to its rival Flipkart and Amazon, which has helped the company scale its user base and gain market share in the competitive e-commerce industry. This article explores the different e-commerce business models and key insights on Meesho ahead of the IPO.
6 min read
Corona Remedies IPO: The initial share sale is solely an offer for sale (OFS) of equity shares aggregating to ₹655.37 crore. There is no fresh issue component.
2 min read
The highly anticipated Meesho IPO is set to open for subscription on December 3. The platform has seen exponential growth in the last few years as India’s online retail market space matures. Meesho competes with online and offline retail players. Among listed companies, FSN E-Commerce Ventures (Nykaa) and Brainbees Solutions (FirstCry) are its closest competitors.
6 min read
The company said that 75% of the issue size has been reserved for qualified institutional buyers, 15% for non-institutional investors and the remaining 10% for retail investors
3 min read
The basis of allotments of Helloji Holidays and Neochem Bio IPOs will be finalised on December 5, while listing will occur on December 9.
2 min read
Upcoming IPOs: In the ICICI Prudential AMC case, its proposed IPO comprises an offer for sale (OFS) of 1.76 crore equity shares by promoter -- UK-based Prudential Corporation Holdings, with no fresh issue component, according to the draft red herring prospectus (DRHP).
4 min read
Upcoming IPO: Financially, MV Electrosystems' net profit stood at ₹1.4 crore in FY25, and revenue from operations was at ₹62.64 crore during the period.
2 min read
Aequs IPO opens for subscription on December 3 with a price band of ₹118 to ₹124 per share and a lot size of 120 shares. Aequs IPO's high grey market premium signals strong demand for the IPO. Check Aequs IPO financials and objectives before applying for the issue.
6 min read
Meesho IPO: The ₹5,421.20 crore IPO consists of a fresh issuance of shares valued at ₹4,250 crore and an offer for sale (OFS) of 10.55 crore shares aggregating to ₹1,171.20 crore.
3 min read
Upcoming IPOs: So far this year, 96 companies have debuted on the stock exchanges, raising ₹1.6 lakh crore. More than 40 of these listings occurred in the last three months alone, highlighting the heightened activity in the primary market.
4 min read
Wakefit Innovations IPO: The initial share sale consists of a fresh issue of equity shares worth ₹377.1 crore and an offer-for-sale (OFS) of 4.67 crore shares by the selling shareholders, according to the red herring prospectus (RHP).
3 min read
Upcoming IPOs: Listings that are scheduled for this week include SSMD Agrotech India, Mother Nutri Foods, KK Silk Mills, Purple Ware Infocom, Exato Technologies and Logiciel Solutions.
5 min read
Meesho IPO opens for subscription on December 3 with a price band of ₹105 to ₹111 per share and a lot size of 135 shares. Meesho IPO's high grey market premium signals strong demand for the IPO. Check Meesho IPO financials and objectives ahead of IPO launch
7 min read
Sudeep Pharma share price: The initial share sale aimed to raise ₹895 crore by offering new equity shares aggregating to ₹95 crore and an offer for sale (OFS) valued at ₹800 crore.
3 min read
Meesho IPO: The initial public offering is a fresh issuance of shares aggregating up to ₹4,250 crore and an offer for sale of 105,513,839 shares worth ₹1,171.20 crore.
3 min read
Aequs IPO: The initial share sale, which aims to raise ₹921.81 crore, is a mix of a fresh issuance of shares aggregating to ₹670 crore and an offer for sale (OFS) valued at ₹251.81 crore.
3 min read
Vidya Wires IPO: The initial share sale is a fresh issuance of ₹274 crore and an offer for sale (OFS) of ₹26 crore by promoters Shyamsundar Rathi and Shailesh Rathi.
2 min read
December 2025 is expected to see the launch of several big-ticket IPOs worth nearly ₹31,000 crore. Several major companies like ICICI Prudential AMC, Meesho Ltd, Clean Max Enviro Energy, and Milky Mist plan to bring their IPOs next month. Check the complete list of upcoming IPOs.
5 min read
Aequs IPO: The proposed initial share sale is a fresh issuance of ₹670 crore and an offer for sale (OFS) of 20,307,393 shares by promoter Melligeri Private Family Foundation and investors Amicus Capital Private Equity I LLP, Amicus Capital Partners India Fund II, Amicus Capital Partners India Fund I and Raman Subramanian.
3 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:
Encompass Design India IPO opening on 2025-12-05,
Flywings Simulator Training Centre IPO opening on 2025-12-05,
Shipwaves Online IPO,
Riddhi Display Equipments IPO,
Solar91 Cleantech IPO
Other IPO Links
Neochem Bio Solutions 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