SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
+91
Open IPOs
Accretion Pharmaceuticals IPOPharmaceuticals & Drugs, SME
0.86x
subscribed
Open - Close14 May - 16 May
Issue size₹29.00
Price range₹96.00 – ₹101
Closes on 16 May
Integrity Infrabuild Developers IPOEngineering - Construction, SME
0.56x
subscribed
Open - Close13 May - 15 May
Issue size₹12.00
Price range₹100 – ₹100
Closes on 15 May
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Integrity Infrabuild Developers IPOSME, Engineering - Construction | 13 May - 15 May | ₹12Cr | ₹100 – ₹100 | 0.56x | |
Accretion Pharmaceuticals IPOSME, Pharmaceuticals & Drugs | 14 May - 16 May | ₹29Cr | ₹96.00 – ₹101 | 0.86x |
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
Virtual Galaxy Infotech IPOIT - Software, SME
102.87x
subscribed
Allotment Date15 May 2025
Demat Transfer16 May 2025
Listing Date19 May 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Virtual Galaxy Infotech IPOSME, IT - Software | 15 May 2025 | 16 May 2025 | 19 May 2025 | 102.87x |
Listed IPOs
Srigee DLM IPOSME
Manoj Jewellers IPODiamond & Jewellery, SME
Kenrik Industries IPODiamond & Jewellery, SME
Arunaya Organics IPOChemicals, SME
Iware Supplychain Services IPOLogistics, SME
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Srigee DLM IPOSME | 12 May 2025 | --- | ₹188.10 | 90.00% |
Manoj Jewellers IPOSME, Diamond & Jewellery | 12 May 2025 | --- | ₹53.95 | -0.09% |
Kenrik Industries IPOSME, Diamond & Jewellery | 09 May 2025 | --- | ₹25.01 | 0.04% |
Arunaya Organics IPOSME, Chemicals | 07 May 2025 | --- | ₹33.15 | -42.84% |
Iware Supplychain Services IPOSME, Logistics | 06 May 2025 | --- | ₹85.05 | -10.47% |
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
Greaves Cotton share price: Under the OFS, promoter Greaves Cotton will divest 5.1 crore equity shares and investor Abdul Latif Jameel Green Mobility Solutions DMCC will offload 13.8 crore shares.
3 min read
Accretion Pharmaceuticals IPO opens for subscription from May 14 to 16, aiming to raise ₹29.75 crore via the SME route. The IPO price band is ₹96 to ₹101 per share with a lot size of 1,200 shares. Net IPO proceeds will be used for capital expenditure towards the purchase of new equipment, repayment of loans and general corporate purposes.
3 min read
Integrity Infrabuild Developers IPO: Retail investors can apply for one lot, consisting of 1,200 shares, needing an investment of ₹1,20,000. For high-net-worth individuals, the minimum investment is ₹2,40,000.
2 min read
Upcoming IPO: Zopper recently raised USD 25 million in growth capital from investors to accelerate its expansion and invest in new-age technology.
2 min read
Srigee DLM share price: The initial share sale was solely a fresh issue of ₹16.98 crore, with a price band of ₹94 to ₹99 per equity share. The money raised will be used to establish a manufacturing unit, acquire machinery, meet working capital requirements and serve general corporate purposes.
2 min read
Upcoming IPOs this week: Shares of Srigee DLM and Manoj Jewellers will list on the BSE SME platform on Monday, May 12.
2 min read
Ravi Infrabuild Projects IPO is entirely a fresh issue of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Thursday.
2 min read
Kenrik Industries share price: As the minimum lot size was 6,000 shares, investors who were allotted Kenrik Industries shares made gains of just ₹60 per lot (₹25.01 x 6,000).
2 min read
Srigee DLM IPO allotment finalised: The initial public offering received a whopping 456.80 times subscription as investors applied for 56,18,60,400 shares compared to 12,30,000 shares on offer, according to the BSE data.
2 min read
PropShare Titania comprises a 4,37,973 sq ft of grade A+ office space in G Corp Tech Park located in Mumbai, with ESG certifications. It is fully occupied by a diversified tenant portfolio comprising Fortune 500 companies, MNCs and blue-chip tenants including Aditya Birla Capital and Concentrix.
3 min read
Co-working operator Awfis has already launched its IPO and is listed on the stock exchanges. Smartworks, WeWork India and IndiQube Spaces Ltd have already filed the preliminary documents with the markets regulator SEBI to launch their IPOs.
3 min read
Upcoming IPO: Mouri Tech proposes to raise ₹250 crore through selling new shares, while promoters and a selling shareholder plan to sell stock to the tune of ₹1,250 crore.
2 min read
Simple Energy has set an ambitious target of clocking USD 96 million (₹800 crore) in revenue in FY26 with an aim to cross USD 180 million (₹1,500 crore) in cumulative revenue over the next 18 months.
3 min read
Virtual Galaxy Infotech IPO opens for subscription from May 9 to 14, aiming to raise ₹93.29 crore via SME route. IPO price band is ₹135–₹142 per share with a lot size of 1,000 shares. Net IPO proceeds will be used to open new development facility in Nagpur, IT upgrades, hiring, and debt repayment.
3 min read
Srigee DLM IPO allotment status will be finalised on Thursday, May 8. The finalisation details will be available on BSE and Bigshare Services websites.
2 min read
Arunaya Organics share price: The funds generated from the IPO are intended to be used for establishing a manufacturing facility, funding working capital requirements, and general corporate purposes.
2 min read
Kenrik Industries IPO allotment: The initial share sale was a fresh issue of 34.98 lakh shares aggregating to ₹8.75 crore. There was no offer for sale component. The money raised to the tune of ₹6.56 crore will be utilised for working capital needs, and ₹1.80 crore for corporate general purposes.
2 min read
Upcoming IPOs: These five companies, which filed their preliminary IPO papers with SEBI in December and January, obtained their observations during April 29-30, the data showed.
3 min read
Kenrik Industries IPO allotment will be finalised on Wednesday, May 7. The bid finalisation details will be available on the websites of BSE and Skyline Financial Services.
2 min read
Iware Supplychain Services share price: As the minimum bid size for retail investors was 1,200 shares, allottees suffered a loss of ₹11,940 per lot at the time of listing.
2 min read
Arunaya Organics IPO allotment finalised: The initial public offering was a combination of a fresh issuance of equity shares aggregating to ₹30.51 crore, and an offer-for-sale of ₹3.48 crore.
2 min read
Ather Energy IPO Listing Date: The issue is a fresh issuance of shares valued at ₹2,626.3 crore as well as an offer for sale of ₹354.76 crore. The money raised will be utilised for setting up an electric two-wheeler plant in Maharashtra, research and development, marketing initiatives, debt clearance, and corporate general purposes.
2 min read
Srigee DLM IPO: The price band is set at ₹94 to ₹99 per equity share. Investors can apply for a lot, consisting of 1,200 shares worth ₹1,12,800.
2 min read
Ather Energy IPO allotment status: The bid finalisation details are available on the websites of the National Stock Exchange (NSE), the BSE, and the registrar, MUFG Intime India Pvt Ltd (earlier Link Intime India).
3 min read
Manoj Jewellers IPO is a fresh issuance of 30 lakh equity shares worth ₹16.2 crore. It is a fixed-price issue at ₹54 per share. The company proposes to use the money raised for repayment of certain borrowings and general corporate purposes.
3 min read
What our users have to say
Why invest in SME IPOs?
How to apply for SME IPOs with Upstox?
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
Accretion Pharmaceuticals 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