SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
+91
Open IPOs
Paradeep Parivahan IPOShipping, SME
0.03x
subscribed
Open - Close17 Mar - 19 Mar
Issue size₹44.00
Price range₹93.00 – ₹98.00
Closes on 19 Mar
Divine Hira Jewellers IPODiamond & Jewellery, SME
0.16x
subscribed
Open - Close17 Mar - 19 Mar
Issue size₹31.00
Price range₹90.00 – ₹90.00
Closes on 19 Mar
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Paradeep Parivahan IPOSME, Shipping | 17 Mar - 19 Mar | ₹44Cr | ₹93.00 – ₹98.00 | 0.03x | |
Divine Hira Jewellers IPOSME, Diamond & Jewellery | 17 Mar - 19 Mar | ₹31Cr | ₹90.00 – ₹90.00 | 0.16x |
View more open IPOs
Upcoming IPOs
Date announced
There are no upcoming sme IPOs at the moment
Dates yet to be announced---
Solar91 Cleantech IPOPower Generation/Distribution, SME
Name | Status | |
|---|---|---|
Solar91 Cleantech IPOSME, Power Generation/Distribution | --- | --- |
Closed IPOs
Super Iron Foundry IPOSteel & Iron Products, SME
1.46x
subscribed
Allotment Date17 Mar 2025
Demat Transfer18 Mar 2025
Listing Date19 Mar 2025
PDP Shipping & Projects IPOLogistics, SME
1.48x
subscribed
Allotment Date13 Mar 2025
Demat Transfer17 Mar 2025
Listing Date18 Mar 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Super Iron Foundry IPOSME, Steel & Iron Products | 17 Mar 2025 | 18 Mar 2025 | 19 Mar 2025 | 1.46x |
PDP Shipping & Projects IPOSME, Logistics | 13 Mar 2025 | 17 Mar 2025 | 18 Mar 2025 | 1.48x |
Listed IPOs
NAPS Global India IPOTextile, SME
Balaji Phosphates IPOFertilizers, SME
Shreenath Paper Products IPOPaper & Paper Products, SME
Nukleus Office Solutions Private IPOSME
Beezaasan Explotech IPOMining & Minerals, SME
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
NAPS Global India IPOSME, Textile | 11 Mar 2025 | --- | ₹108.00 | 20.00% |
Balaji Phosphates IPOSME, Fertilizers | 07 Mar 2025 | --- | ₹75.00 | 7.14% |
Shreenath Paper Products IPOSME, Paper & Paper Products | 05 Mar 2025 | --- | ₹35.20 | -20.00% |
Nukleus Office Solutions Private IPOSME | 04 Mar 2025 | --- | --- | --- |
Beezaasan Explotech IPOSME, Mining & Minerals | 03 Mar 2025 | --- | --- | --- |
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
Divine Hira Jewellers IPO is a fixed price issue at ₹90 per share. It is solely a fresh issue of 35.38 lakh shares worth ₹31.84 crore. The money raised will be used for debt repayment, working capital needs and general corporate purposes.
2 min read
Super Iron Foundry IPO investors can check the share allotment status on the websites of BSE and IPO registrar MUFG Intime India Pvt Ltd (earlier Link Intime India Pvt Ltd). The tentative date for the listing of Super Iron Foundry shares on the BSE SME platform is Wednesday, March 19.
4 min read
INOX Clean Energy is an integrated renewable platform spanning solar manufacturing, including cells and modules, and an Independent Power Producer (IPP) platform.
3 min read
The Gujarat-based company's proposed IPO comprises a fresh issue of equity shares aggregating up to ₹190 crore and an offer for sale (OFS) of 71.55 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP).
3 min read
LG Electronics India IPO: Since the initial share sale is exclusively an offer for sale (OFS) without any fresh issue component, LG Electronics India will not get any proceeds from the IPO. The money raised will go to the South Korean parent of the company.
2 min read
Paradeep Parivahan IPO, which is completely a fresh issuance of 45.78 lakh shares worth ₹44.86 crore, will open on March 17. The issue, with a price band of ₹93 to ₹98 per share, will conclude on March 19.
2 min read
PDP Shipping IPO allotment: The ₹12.65-crore issue was open for subscription from March 10 to March 12. The tentative date for listing is Tuesday, March 18. Shares of PDP Shipping and Projects will be listed on the BSE SME platform.
4 min read
PDP Shipping and Projects IPO worth ₹12.65 crore SME IPO closed for subscription today with poor demand. Bidding in the ₹68.05-crore SME IPO of Super Iron Foundry Ltd also remained slow on the second day as well.
3 min read
Super Iron Foundry IPO: The ₹68.05 crore initial share sale, which is a fresh issue of 63.01 lakh shares, will conclude on Thursday, March 13. Retail investors can bid for at least one lot, consisting of 1,200 shares, needing an investment of ₹1,29,600.
2 min read
Crizac IPO is entirely an offer-for-sale (OFS) of up to ₹1,000 crore by the promoter selling shareholders. Borana Weaves' initial share sale is solely a fresh issuance, with no OFS component.
2 min read
Super Iron Foundry IPO is a fixed price issue and comprises a fresh issuance of 63.01 lakh shares, with no offer-for-sale (OFS) component. The company has fixed the IPO price at ₹108 per share. The ₹68.05-crore IPO is open for subscription till Thursday, March 13.
3 min read
NAPS Global India shares were listed at a premium of 20% over the issue price on the BSE SME platform. Meanwhile, Super Iron Foundry and PDP Shipping and Projects IPO saw subdued demand from investors.
3 min read
Divine Hira Jewellers IPO is an offering of new equity shares worth ₹31.84 crore. There is no offer-for-sale component. An investor can bid for at least 1,600 shares, which will require an investment of ₹1,44,000.
2 min read
Paradeep Parivahan IPO is a fresh issue of 45.78 lakh equity shares valued at ₹44.86 crore without an offer-for-sale (OFS) component. A single lot consists of 1,200 shares, needing a minimum investment of ₹1,11,600.
2 min read
Textiles importer NAPS Global India raised ₹11.88 crore through its initial public offering. At the listing price of ₹108 per share, NPAS Global India IPO investors would have made a listing gain of ₹28,800 per lot.
3 min read
Super Iron Foundry IPO is a fresh issuance of 63.01 lakh equity shares aggregating to ₹68.05 crore. The minimum investment requirement is ₹1,29,600 for one lot consisting of 1,200 shares.
3 min read
'New Cars' is an online-only offering on CARS24's website, and will allow OEMs to list their car models. One of the key features includes AI-powered video buying experiences, which takes customers through detailed walkthroughs of car's exterior, interior, features and performances.
2 min read
PDP Shipping & Projects IPO is a fixed price issue aimed at raising ₹12.65 crore. The initial public offering comprises a fresh issue of 9.37 lakh shares and no offer-for-sale component. The tentative date for listing of PDP Shipping shares on BSE SME platform has been scheduled for Tuesday, March 18.
3 min read
Ather Energy IPO will be a mix of a fresh issuance aggregating to ₹3,100 crore and an offer-for-sale (OFS) component of 2.2 crore equity shares.
2 min read
The National Company Law Tribunal (NCLT) has yet to give a final order on merging Tata Motors Finance with Tata Capital. The nod will likely be given by the end of the current financial year (FY25).
2 min read
Super Iron Foundry IPO is solely a fresh issue of ₹68.05 crore. The issue proceeds will be used for debt repayment, working capital requirements and general corporate purposes.
2 min read
Shares of SME firm Balaji Phosphates Ltd, a manufacturer and supplier of fertilisers, made a positive trading debut today. The stock listed at ₹75 on the NSE Emerge platform, a premium of 7.14% over the issue price of ₹70 apiece. NAPS Global India shares are scheduled to list on the BSE SME platform on Tuesday, March 11. Here’s a look at the major developments in the IPO market on March 7.
4 min read
Knowledge Realty Trust was set up on October 10, 2024, in Mumbai. According to the DRHP, it is the largest REIT in India by net operating income and gross asset value and the second largest in Asia by leasable area. It has a portfolio that includes 48 million sq. ft. (37 million sq. ft. completed) across 30 Grade A office assets in 6 cities, making it India’s most geographically diverse Office REIT.
3 min read
PDP Shipping & Projects IPO is solely a fresh issuance of 9.37 lakh shares aggregating to ₹12.65 crore. Investors can apply for at least 1,000 equity shares, needing an investment of ₹1,35,000.
2 min read
Balaji Phosphates IPO made a strong debut on March 7, listing at ₹75 per share, a 7% premium over its issue price of ₹70. The company raised ₹50.11 crore through its IPO, which was subscribed 1.26 times.
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:
Solar91 Cleantech IPO
Other IPO Links
Divine Hira Jewellers 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