SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
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Open IPOs
Open - Close18 Dec - 22 Dec
Issue size₹38.00
Price range₹98.00 – ₹98.00
Closes on 22 Dec
Open - Close17 Dec - 19 Dec
Issue size₹30.00
Price range₹74.00 – ₹78.00
Closes at 03:50 PM
Open - Close17 Dec - 19 Dec
Issue size₹42.00
Price range₹88.00 – ₹93.00
Closes at 03:50 PM
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Global Ocean Logistics India IPOSME, Logistics | 17 Dec - 19 Dec 10 hrs | ₹30Cr | ₹74.00 – ₹78.00 | 1.50x | |
MARC Technocrats IPOSME | 17 Dec - 19 Dec 10 hrs | ₹42Cr | ₹88.00 – ₹93.00 | 0.96x | |
Phytochem Remedies (India) IPOSME, Packaging | 18 Dec - 22 Dec | ₹38Cr | ₹98.00 – ₹98.00 | 0.08x |
View more open IPOs
Upcoming IPOs
Date announced
Name | Status | |
|---|---|---|
Admach Systems IPOSME, Engineering | 23 Dec 2025 Opening | --- |
EPW India IPOSME, IT - Hardware | 22 Dec 2025 Opening | --- |
Dachepalli Publishers IPOSME, Printing & Stationery | 22 Dec 2025 Opening | RHP |
Shyam Dhani Industries IPOSME, Consumer Food | 22 Dec 2025 Opening | --- |
Dates yet to be announced
Closed IPOs
Allotment Date18 Dec 2025
Demat Transfer19 Dec 2025
Listing Date22 Dec 2025
Allotment Date17 Dec 2025
Demat Transfer18 Dec 2025
Listing Date19 Dec 2025
Allotment Date17 Dec 2025
Demat Transfer18 Dec 2025
Listing Date19 Dec 2025
Allotment Date17 Dec 2025
Demat Transfer18 Dec 2025
Listing Date19 Dec 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Neptune Logitek IPOSME, Logistics | 18 Dec 2025 | 19 Dec 2025 | 22 Dec 2025 | 1.66x |
Stanbik Agro IPOSME, Agriculture | 17 Dec 2025 | 18 Dec 2025 | 19 Dec 2025 | 1.53x |
Ashwini Container Movers IPOSME, Logistics | 17 Dec 2025 | 18 Dec 2025 | 19 Dec 2025 | 1.25x |
Exim Routes IPOSME, Paper & Paper Products | 17 Dec 2025 | 18 Dec 2025 | 19 Dec 2025 | 10.67x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Pajson Agro India IPOSME, Agriculture | 18 Dec 2025 | --- | ₹124.00 | 5.08% |
HRS Aluglaze IPOSME, Aluminium & Aluminium Products | 18 Dec 2025 | --- | ₹126.00 | 31.25% |
Shipwaves Online IPOSME, Logistics | 17 Dec 2025 | --- | ₹12.00 | 0.00% |
Unisem Agritech IPOSME, Agriculture | 17 Dec 2025 | --- | ₹65.00 | 0.00% |
Riddhi Display Equipments IPOSME | 15 Dec 2025 | --- | ₹80.00 | -20.00% |
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
Travelstack Tech IPO: The initial share sale consists of new equity shares valued at ₹250 crore and an offer for sale (OFS) of 26,852,969 equity shares.
2 min read
Crystal Crop Protection IPO: The proposed initial share sale is a combination of fresh issuance of shares worth ₹600 crore and an offer for sale (OFS) of 7,405,387 shares, according to the draft red herring prospectus (DRHP).
2 min read
The IPO with the highest return in the year 2025 came from the SME segment. In this article, we take a look at the top-performing initial public offerings from the SME and mainboard segments.
3 min read
KSH International IPO, with a price band of ₹365 to ₹384 per share, is a fresh issuance of equity shares totalling ₹420 crore and an offer for sale (OFS) of shares worth ₹290 crore, taking the total issue size to ₹710 crore.
3 min read
ICICI Prudential AMC IPO Listing Date: The ₹10,602.65 crore book-build issue was exclusively an offer for sale (OFS) of 4.90 crore shares without a fresh issue component.
3 min read
Flipkart IPO: NCLT has sanctioned the Scheme of Amalgamation involving eight Singapore-incorporated transferor companies merging into Flipkart Internet Private Limited, the Bengaluru-based operational arm.
3 min read
The Securities and Exchange Board of India (SEBI) approved an early-stage abridged prospectus at the draft red herring prospectus (DRHP) stage to encourage participation by retail investors.
3 min read
IPOs in India: Pandey told reporters that the offer-for-sale (OFS) component accounted for 51% of the money raised in initial public offerings (IPOs) in April–October 2024, which has gone up to 57% this year.
2 min read
ICICI Prudential AMC IPO allotment: The ₹10,602.65 crore initial public offering, with a price range of ₹2,061 to ₹2,165 per share, was only an offer for sale (OFS) of 4.90 crore shares by promoter Prudential Corporation Holdings.
3 min read
The standout offerings in 2025 include Tata Capital's mega ₹15,511.87 crore IPO and HDB Financial Services' ₹12,500 crore share sale. LG Electronics India also raised ₹11,607.01 crore from the primary market.
3 min read
The ₹130 crore initial share sale of Highway Infrastructure, an infrastructure development and management company, was the most subscribed IPO of 2025, with a 300.61 times subscription.
3 min read
KSH International IPO is a mix of a fresh issue of shares aggregating to ₹420 crore and an offer-for-sale (OFS) of ₹290 crore by promoters Kushal Subbayya Hegde, Rajesh Kushal Hegde, Pushpa Kushal Hegde and Rohit Kushal Hegde.
3 min read
Park Medi World share price: The ₹920 crore initial share sale was a mix of new equity shares worth ₹770 crore and an offer for sale (OFS) component of ₹150 crore by promoter Ajit Gupta.
2 min read
Nephrocare Health share price: The IPO sought to raise ₹871.05 crore by offering new equity shares aggregating to ₹353.40 crore and an offer for sale (OFS) component of ₹517.64 crore.
2 min read
HRS Aluglaze IPO allotment finalised: The ₹50.92 crore initial share sale was a fresh issuance of 53,04,000 shares without an offer for sale (OFS) component.
3 min read
Upcoming IPOs: These seven companies approached SEBI between May and September and obtained its observations during December 8-12, the update showed.
3 min read
KSH International IPO: The ₹710 crore initial share sale is a fresh issuance of shares aggregating to ₹420 crore and an offer for sale of ₹290 crore by promoters Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rohit Kushal Hegde and Rajesh Kushal Hegde.
3 min read
ICICI Prudential AMC IPO: The ₹10,602.65 crore initial share sale is exclusively an offer for sale (OFS) of 4.90 crore shares by promoter Prudential Corporation Holdings.
3 min read
Park Medi World's ₹920 crore initial public offering, with a price band of ₹154 to ₹162 per share, was a mix of a fresh issue of ₹770 crore and an offer for sale (OFS) of shares worth ₹150 crore by promoter Ajit Gupta.
3 min read
Park Medi World IPO allotment: The ₹920 crore initial share sale, with a price band of ₹154 to ₹162 per share, was a combination of a fresh issuance of ₹770 crore and an offer for sale of shares aggregating to ₹150 crore by promoter Ajit Gupta.
3 min read
Tata Capital's ₹15,511.87 crore IPO consisted of a fresh issuance of 21 crore shares aggregating to ₹6,846 crore and an offer for sale (OFS) valued at ₹8,665.87 crore. The stock is trading 0.21% lower against the issue price of ₹326.
4 min read
Gujarat Kidney and Super Speciality IPO: The ₹250.8 crore initial share sale is exclusively a fresh issuance of 2,20,00,00 shares without an offer for sale (OFS) component.
3 min read
Nephrocare Health Services IPO allotment: The ₹871.05 crore initial share sale was a mix of new equity shares valued at ₹353.40 crore and an offer for sale of ₹517.64 crore by promoters and existing investors.
3 min read
ICICI Prudential AMC IPO: The mutual fund house has set a price band of ₹2,061 to ₹2,165 per share for the issue, valuing the company at about ₹1.07 lakh crore. Investors can apply for a minimum of one lot, consisting of six shares.
3 min read
Corona Remedies share price: The initial public offer sought to raise ₹655.68 crore via solely an offer for sale (OFS) of 0.62 crore shares by promoters Dr Kirtikumar Laxmidas Mehta, Minaxi Kirtikumar Mehta, Dipabahen Niravkumar Mehta Brinda Ankur Mehta and existing investors Anchor Partners, Sepia Investments and Sage Investment Trust.
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:
Admach Systems IPO opening on 2025-12-23,
EPW India IPO opening on 2025-12-22,
Dachepalli Publishers IPO opening on 2025-12-22,
Shyam Dhani Industries IPO opening on 2025-12-22,
Solar91 Cleantech IPO
Other IPO Links
Global Ocean Logistics India 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