SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
+91
Open IPOs
Infonative Solutions IPOIT - Education, SME
0.52x
subscribed
Open - Close28 Mar - 03 Apr
Issue size₹24.00
Price range₹75.00 – ₹79.00
Closes on 3 Apr
Spinaroo Commercial IPOPaper & Paper Products, SME
0.16x
subscribed
Open - Close28 Mar - 03 Apr
Issue size₹10.00
Price range₹51.00 – ₹51.00
Closes on 3 Apr
Retaggio Industries IPODiamond & Jewellery, SME
0.85x
subscribed
Open - Close27 Mar - 02 Apr
Issue size₹15.00
Price range₹25.00 – ₹25.00
Closes on 2 Apr
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Retaggio Industries IPOSME, Diamond & Jewellery | 27 Mar - 02 Apr | ₹15Cr | ₹25.00 – ₹25.00 | 0.85x | |
Infonative Solutions IPOSME, IT - Education | 28 Mar - 03 Apr | ₹24Cr | ₹75.00 – ₹79.00 | 0.52x | |
Spinaroo Commercial IPOSME, Paper & Paper Products | 28 Mar - 03 Apr | ₹10Cr | ₹51.00 – ₹51.00 | 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
Identixweb IPOIT - Software, SME
24.12x
subscribed
Allotment Date01 Apr 2025
Demat Transfer02 Apr 2025
Listing Date03 Apr 2025
Shri Ahimsa Naturals IPOConsumer Food, SME
22.66x
subscribed
Allotment Date28 Mar 2025
Demat Transfer31 Mar 2025
Listing Date01 Apr 2025
ATC Energies System IPOBatteries, SME
1.25x
subscribed
Allotment Date28 Mar 2025
Demat Transfer01 Apr 2025
Listing Date02 Apr 2025
Desco Infratech IPOEngineering - Construction, SME
81.92x
subscribed
Allotment Date27 Mar 2025
Demat Transfer28 Mar 2025
Listing Date01 Apr 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Identixweb IPOSME, IT - Software | 01 Apr 2025 | 02 Apr 2025 | 03 Apr 2025 | 24.12x |
Shri Ahimsa Naturals IPOSME, Consumer Food | 28 Mar 2025 | 31 Mar 2025 | 01 Apr 2025 | 22.66x |
ATC Energies System IPOSME, Batteries | 28 Mar 2025 | 01 Apr 2025 | 02 Apr 2025 | 1.25x |
Desco Infratech IPOSME, Engineering - Construction | 27 Mar 2025 | 28 Mar 2025 | 01 Apr 2025 | 81.92x |
Listed IPOs
Rapid Fleet Management Services IPOLogistics, SME
Active Infrastructures IPOEngineering - Construction, SME
Grand Continent Hotels IPOHotel, SME
Paradeep Parivahan IPOShipping, SME
Divine Hira Jewellers IPODiamond & Jewellery, SME
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Rapid Fleet Management Services IPOSME, Logistics | 28 Mar 2025 | --- | ₹195.00 | 1.56% |
Active Infrastructures IPOSME, Engineering - Construction | 28 Mar 2025 | --- | ₹181.00 | 0.00% |
Grand Continent Hotels IPOSME, Hotel | 27 Mar 2025 | --- | ₹112.90 | -0.09% |
Paradeep Parivahan IPOSME, Shipping | 24 Mar 2025 | --- | ₹78.40 | -20.00% |
Divine Hira Jewellers IPOSME, Diamond & Jewellery | 24 Mar 2025 | --- | ₹90.00 | 0.00% |
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 IPO
Identixweb IPO saw strong demand on the last day, closing with 26.22x subscription. Retail, NII, and QIB segments were oversubscribed. Allotment details will be available on BSE or the registrar Skyline Financial Services website on April 1.
4 min read
Park Medi World is the second largest private hospital chain in North India with an aggregate bed capacity of 3,000 beds, and the largest private hospital chain in terms of bed capacity in Haryana with 1,600 beds located in the state as of September 30, 2024, according to a Crisil report.
2 min read
SIS Cash Service provides cash-in-transit services, retail cash management (doorstep banking) services, ATM cash replenishment and first-level maintenance services, and cash assistant-cash peon services.
2 min read
Spinaroo Commercial IPO: The issue is exclusively a fresh issuance of nearly 20 lakh shares amounting to ₹10.17 crore. A lot, consisting of 2,000 shares, will cost ₹1,02,000 for retail investors.
2 min read
Infonative Solutions IPO comprises an exclusive fresh issue of 31.28 lakh shares, aggregating to ₹24.71 crore. The company has fixed the issue price at a band of ₹75 to ₹79 per share for the IPO. Infonative Solutions IPO is open for subscription till April 3.
3 min read
Retaggio Industries IPO, which is fixed at ₹25 per share, is a fresh issuance of nearly 62 lakh shares worth ₹15.50 crore. There is no offer-for-sale (OFS) component.
2 min read
Rapid Fleet Management Services made a muted debut on the NSE Emerge platform on March 28, listing at ₹195, a 1.56% premium over its ₹192 IPO price. The IPO raised ₹43.87 crore from the public issue.
4 min read
Active Infrastructures Ltd mobilised ₹77.83 crore through its initial public offering. The IPO was open for subscription from March 21 to March 25. Shares of Active Infrastructures Ltd opened flat at ₹181 apiece on the NSE SME platform on Friday.
3 min read
Shri Ahimsa Naturals IPO allotment: The investors can check the allotment status on the NSE and the website of the issue registrar, Cameo Corporate Services Ltd.
4 min read
ATC Energies System IPO allotment: Successful bidders can expect the shares to be credited to their Demat accounts by April 1. The stock will be listed on the NSE SME platform on April 2.
4 min read
Shares of Grand Continent Hotels Ltd listed flat on the NSE Emerge platform today. The stock opened the trading session at ₹112.9 apiece on the NSE Emerge platform compared to its IPO price of ₹113 per share.
4 min read
Infonative Solutions IPO, with a price range of ₹75 to ₹79 per share, is a fresh issue of 31.28 lakh shares worth ₹24.71 crore.
2 min read
Studds Accessories IPO will be an offer for sale (OFS), with the promoter group and other shareholders selling 77.9 lakh shares, according to the draft red herring prospectus (DRHP) filed on Wednesday.
2 min read
Meesho IPO: The e-commerce platform reported a 31% year-on-year increase in orders to 134.2 crore in FY24. In the first nine months of FY25, it recorded 133.3 crore orders.
3 min read
Grand Continent Hotels' IPO debuted flat on March 27, 2025, with shares listed at ₹112.9, slightly down from the IPO price of ₹113. The stock hit a 5% lower circuit after a muted debut.
4 min read
Retaggio Industries IPO allotment status will be finalised on April 3, while the listing on BSE SME will take place on April 7.
2 min read
Desco Infratech IPO allotment: Investors can check the allotment status on the websites of the issue registrar, Bigshare Services Pvt Ltd, and the BSE. The tentative date for the listing on the BSE SME platform is April 1.
4 min read
Identixweb IPO opened today without creating much buzz. The BSE SME issue was overall booked only 14% on the first day of bidding. The ₹30.75-crore SME IPO of Desco Infratech Ltd closed for subscription today with a bang. The IPO was overall booked 84 times. Here’s a look at all the major developments in the IPO market on March 26.
4 min read
The Identixweb IPO is a 100% book-built issue that aims to raise ₹16.63 crore. The Identixweb IPO will close for bidding on March 28. Identixweb shares are scheduled to be listed on the BSE SME platform on April 3.
4 min read
Shri Ahimsa Naturals IPO: The ₹73.81 crore initial share sale is a mix of a fresh issue of 42.04 lakh shares and an offer for sale of 19.99 lakh shares. The issue will conclude on March 27.
3 min read
ATC Energies IPO: The ₹63.76 crore initial share sale is a fresh issue of 43.24 lakh shares as well as an offer-for-sale of 10.8 lakh shares valued at ₹12.74 crore.
3 min read
Identixweb IPO: Retail investors can place bids for a minimum of 2,000 equity shares, needing an investment of ₹1,02,000. High net-worth individuals can apply for 4,000 shares worth ₹2,16,000.
2 min read
Active Infrastructures IPO allotment: The ₹77.83 crore initial share sale was exclusively a fresh issue of 43 lakh shares. The money generated will be used for working capital requirements, repayment of debt, capital expenditure to buy construction equipment, general corporate purposes, and to meet issue expenses.
2 min read
Rapid Fleet Management Services IPO comprised only a fresh issue of 22.85 lakh shares worth ₹43.87 crore. The price band for the IPO was fixed at ₹183 to ₹192 per share. The tentative date for the listing on the NSE SME platform has been fixed as March 28.
4 min read
SEBI had received Indira IVF Hospital's draft IPO papers on February 13, which were withdrawn on March 19, 2025, with the company not disclosing any reasons, according to an update on SEBI.
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:
Solar91 Cleantech IPO
Other IPO Links
Retaggio Industries 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