SME IPOs 2026
SME IPOs 2026
Explore all SME IPOs and discover potential investments.
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Open IPOs
Open - Close15 Sep - 17 Sep
Issue size₹27.00
Price range₹56.00 – ₹59.00
Opens on 15 Sep
Open - Close15 Sep - 17 Sep
Issue size₹50.00
Price range₹324 – ₹341
Opens on 15 Sep
Open - Close11 Sep - 16 Sep
Issue size₹17.00
Price range₹70.00 – ₹74.00
Closes on 16 Sep
Open - Close11 Sep - 16 Sep
Issue size₹56.00
Price range₹98.00 – ₹100
Closes on 16 Sep
Open - Close10 Sep - 15 Sep
Issue size₹80.00
Price range₹177 – ₹186
Closes on 15 Sep
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Shakti Polytarp LimitedSME, Plastic Products | 15 Sep - 17 Sep | ₹27Cr | ₹56.00 – ₹59.00 | --- | |
 Vama Wovenfab LimitedSME, Pesticides & Agrochemicals | 15 Sep - 17 Sep | ₹50Cr | ₹324 – ₹341 | --- | |
 Century Business Media IPOSME | 11 Sep - 16 Sep | ₹17Cr | ₹70.00 – ₹74.00 | 1.34x | |
 Injecto Polymers IPOSME, Plastic Products | 11 Sep - 16 Sep | ₹56Cr | ₹98.00 – ₹100 | --- | |
 Maharaja & Speedex India LimitedSME | 10 Sep - 15 Sep | ₹80Cr | ₹177 – ₹186 | 0.65x |
View more open IPOs
Upcoming IPOs
Date announced
Name | Status | |
|---|---|---|
 Axiom Gas Engineering IPOSME | 18 Sep 2026 Opening | RHP |
 SpectraA Technology Solutions IPOSME | 17 Sep 2026 Opening | RHP |
 Kheria Autocomp IPOSME, Auto Ancillary | 17 Sep 2026 Opening | RHP |
 Quanto Agroworld LimitedSME, Agriculture | 15 Sep 2026 Opening | --- |
Dates yet to be announced
Closed IPOs
Allotment Date15 Sep 2026
Demat Transfer16 Sep 2026
Listing Date17 Sep 2026
Allotment Date15 Sep 2026
Demat Transfer16 Sep 2026
Listing Date17 Sep 2026
Allotment Date15 Sep 2026
Demat Transfer16 Sep 2026
Listing Date17 Sep 2026
Allotment Date10 Sep 2026
Demat Transfer11 Sep 2026
Listing Date15 Sep 2026
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
 Vinod Texworld IPOSME, Textile | 15 Sep 2026 | 16 Sep 2026 | 17 Sep 2026 | 1.65x |
 Infrax Renewable LimitedSME, Power Generation/Distribution | 15 Sep 2026 | 16 Sep 2026 | 17 Sep 2026 | 2.05x |
 Amtech Esters IPOSME, Chemicals | 15 Sep 2026 | 16 Sep 2026 | 17 Sep 2026 | 29.67x |
 Apana Logistics IPOSME, Logistics | 10 Sep 2026 | 11 Sep 2026 | 15 Sep 2026 | 1.29x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
 Qualiance International IPOSME, Textile | 11 Sep 2026 | --- | ₹224.90 | 77.09% |
 Farm Peace IPOSME, Agriculture | 08 Sep 2026 | --- | ₹112.10 | 90.00% |
 Fly-Hi Maritime Travels IPOSME, Travel Services | 08 Sep 2026 | --- | ₹81.60 | -20.00% |
 Phychem Technologies IPOSME, Plastic Products | 07 Sep 2026 | --- | ₹56.00 | 3.70% |
 Shanti Inorganics IPOSME, Chemicals | 07 Sep 2026 | --- | ₹157.70 | 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
The ₹414-crore IPO of Steamhouse India was subscribed 30.49 times on the final day of bidding. It mobilised bids for 1,147.49 crore shares against 3.76 crore shares on offer.
4 min read
NSE IPO will open for subscription next week. The company has monetised its infrastructure, technology and ecosystem to create different revenue sources. However, transaction charges (78.6% of total revenue ) continue to remain the highest revenue contributor.
7 min read
Until 5 PM, the initial share sale of the firm had received bids for 101.52 crore shares approximately as compared to 2.09 crore shares on offer, as per exchange data.
4 min read
The ₹732.97 crore Asset Reconstruction Company IPO comprises only an offer for sale (OFS) of 5.27 crore shares by promoters Avenue India Resurgence and State Bank of India, and investors Lathe Investment and Federal Bank.
3 min read
At the newly announced price band of ₹1,700-1,785 per share, the IPO is estimated to raise ₹21,494-22,569 crore.
4 min read
The non-institutional investor (NII) category was subscribed 1.22 times, while the retail individual investor (RII) segment saw 2.19 times subscriptions.
4 min read
Until 5 PM, the initial share sale of the firm had received bids for 159.18 crore shares, as per exchange data.
4 min read
Steamhouse IPO is seeking to raise ₹414 crore through a fresh issue of shares aggregating up to ₹353 crore and an offer-for-sale (OFS) portion totalling ₹61 crore by promoter Vishal Sanwarraprasad Budhia.
2 min read
The ₹1,255.57 crore Rentomojo IPO comprises a fresh issue worth ₹150 crore and an offer for sale (OFS) of 2.74 crore equity shares worth ₹1,105.57 crore by promoters and investors.
3 min read
The ₹500 crore Prasol Chemicals IPO was a combination of a fresh issue of equity shares valued at ₹80 crore and an offer-for-sale (OFS) of ₹420 crore by promoters and existing shareholders.
3 min read
Kanohar Electricals IPO sought to raise ₹1,055.74 crore through a fresh issue of ₹300 crore and an offer-for-sale (OFS) of ₹755.74 crore by promoter K Sons Family Trust.
3 min read
The ₹427.89 crore Glass Wall Systems IPO was a mix of a fresh issue of ₹60 crore and an offer for sale (OFS) component of ₹367.89 crore by promoters Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani and investor India Business Excellence Fund IIA.
3 min read
NSE IPO is seeking to raise ₹22,561.57 crore via an offer for sale (OFS) of 12.64 crore equity shares by existing shareholders, compared to 14.9 crore shares planned earlier.
3 min read
The Bhilwara-headquartered company's IPO will comprise a fresh issue of 1.43 crore equity shares worth ₹141.57 crore at the higher end.
3 min read
The ₹1,255.57 crore Rentomojo IPO consists of a fresh issuance of ₹150 crore and an offer for sale of ₹1,105.57 crore by existing investors.
2 min read
The non-institutional investor (NII) category was subscribed 1.8 times, while the Qualified Institutional Buyers (QIB) portion was booked 7.22 times.
3 min read
The IPO is a book-building issue, comprising an offer for sale of 1.43 crore shares worth ₹485 crore and a fresh issue of ₹320 crore.
3 min read
Until 5 PM, the initial share sale of the industrial gas producer firm had received bids for 8.31 crore shares, as per exchange data.
3 min read
Until 5 PM, the initial share sale of the firm had received bids for 9.17 crore shares as compared to 2.54 crore shares on offer, as per exchange data.
4 min read
The ₹210 crore Veegaland Developers IPO comprises a fresh issuance of up to 1.50 crore shares, with no offer for sale component.
3 min read
Kanohar Electricals IPO comprises a fresh issue of shares worth ₹300 crore and an offer-for-sale of ₹755.74 crore by promoter K Sons Family Trust.
3 min read
Hero Motors IPO consists of a fresh issue of 7.14 crore equity shares aggregating to ₹600 crore, along with an offer for sale (OFS) of 4.76 crore shares worth ₹400 crore by promoters OP Munjal Holdings and Hero Cycles.
3 min read
The ₹427.89 crore Glass Wall Systems IPO comprises a fresh issuance of shares totalling ₹60 crore and an offer-for-sale (OFS) of 2.02 crore shares worth ₹367.89 crore by promoters Jawahar Hariram Hemrajani and Eshan Jawahar Hemrajani, and investor shareholder India Business Excellence Fund IIA.
2 min read
The ₹351.03 crore Pranav Constructions IPO was a fresh issue worth ₹315.60 crore and an offer for sale (OFS) component of ₹35.43 crore by investor BioUrja India Infra.
3 min read
Until 5 PM, the initial share sale of the firm had received bids for 21,91,288 shares as compared to 1,30,60,472 shares on offer.
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:
Axiom Gas Engineering IPO opening on 2026-09-18,
SpectraA Technology Solutions IPO opening on 2026-09-17,
Kheria Autocomp IPO opening on 2026-09-17,
Quanto Agroworld Limited opening on 2026-09-15,
Twinkle Papers IPO
Other IPO Links
Raksan Transformers 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