SME IPOs in 2025
SME IPOs in 2025
Explore all SME IPOs and discover potential investments.
+91
Open IPOs
Srigee DLM IPOSME
0.0x
subscribed
Open - Close05 May - 07 May
Issue size₹16.00
Price range₹94.00 – ₹99.00
Opens on 05 May
Manoj Jewellers IPODiamond & Jewellery, SME
0.0x
subscribed
Open - Close05 May - 07 May
Issue size₹16.00
Price range₹54.00 – ₹54.00
Opens on 05 May
Wagons Learning IPOSME
0.02x
subscribed
Open - Close02 May - 06 May
Issue size₹38.00
Price range₹78.00 – ₹82.00
Closes on 6 May
Kenrik Industries IPODiamond & Jewellery, SME
0.77x
subscribed
Open - Close29 Apr - 06 May
Issue size₹8.00
Price range₹25.00 – ₹25.00
Closes on 6 May
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Wagons Learning IPOSME | 02 May - 06 May | ₹38Cr | ₹78.00 – ₹82.00 | 0.02x | |
Kenrik Industries IPOSME, Diamond & Jewellery | 29 Apr - 06 May | ₹8Cr | ₹25.00 – ₹25.00 | 0.77x | |
Srigee DLM IPOSME | 05 May - 07 May | ₹16Cr | ₹94.00 – ₹99.00 | --- | |
Manoj Jewellers IPOSME, Diamond & Jewellery | 05 May - 07 May | ₹16Cr | ₹54.00 – ₹54.00 | --- |
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
Arunaya Organics IPOChemicals, SME
1.9x
subscribed
Allotment Date05 May 2025
Demat Transfer06 May 2025
Listing Date07 May 2025
Iware Supplychain Services IPOLogistics, SME
1.57x
subscribed
Allotment Date02 May 2025
Demat Transfer05 May 2025
Listing Date06 May 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Arunaya Organics IPOSME, Chemicals | 05 May 2025 | 06 May 2025 | 07 May 2025 | 1.90x |
Iware Supplychain Services IPOSME, Logistics | 02 May 2025 | 05 May 2025 | 06 May 2025 | 1.57x |
Listed IPOs
Tankup Engineers IPOSME
Infonative Solutions IPOIT - Education, SME
Spinaroo Commercial IPOPaper & Paper Products, SME
Retaggio Industries IPODiamond & Jewellery, SME
Identixweb IPOIT - Software, SME
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Tankup Engineers IPOSME | 30 Apr 2025 | --- | ₹175.00 | 25.00% |
Infonative Solutions IPOSME, IT - Education | 08 Apr 2025 | --- | --- | --- |
Spinaroo Commercial IPOSME, Paper & Paper Products | 08 Apr 2025 | --- | ₹52.85 | 3.63% |
Retaggio Industries IPOSME, Diamond & Jewellery | 07 Apr 2025 | --- | ₹21.13 | -15.48% |
Identixweb IPOSME, IT - Software | 03 Apr 2025 | --- | ₹55.00 | 1.85% |
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
Manoj Jewellers IPO is solely a fresh issuance of 30 lakh shares worth ₹16.2 crore. It is a fixed price issue at ₹54 per share. The company proposes to utilise money raised for repayment of certain borrowings and general corporate purposes.
2 min read
Upcoming IPO: Priority Jewels' initial share sale is completely a fresh issue of 54 lakh equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Wednesday.
2 min read
Ather Energy IPO allotment status: The bid finalisation details will be 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
Arunaya Organics IPO allotment status will be finalised on Monday, May 5. The bids finalisation details will be available on the websites of the National Stock Exchange (NSE) and registrar, Bigshare Services Pvt Ltd.
2 min read
Wagons Learning IPO: The ₹38.38 crore initial public offering is a mix of a fresh issuance of shares valued at ₹25.26 crore and an offer-for-sale (OFS) component of ₹13.12 crore.
2 min read
The investors who participated in Ather Energy's IPO are now waiting for the allotment status to be finalised, which is scheduled for Friday, May 2.
2 min read
Tankup Engineers share price: The initial share sale was a fresh issue of 13.95 lakh shares worth ₹19.53 crore. The money raised will be used for working capital requirements, repayment of outstanding borrowings, and general corporate purposes. It had a price band of ₹133 to ₹140 per share.
2 min read
The proposed IPO is entirely an offer-for-sale (OFS) of shares worth ₹2,000 crore by promoter Kapur Family Trust, according to the draft red herring prospectus (DRHP).
2 min read
Ather Energy IPO: The electric two-wheeler manufacturer's ₹2,981.06 crore issue, with a price range of ₹304-₹321 apiece, will conclude on Wednesday, April 30.
2 min read
Canara HSBC Life IPO: The proposed initial share sale will be exclusively an offer for sale of up to 237,500,000 shares. Under the OFS, Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited, and Punjab National Bank will offload their stake.
2 min read
Upcoming IPOs: Shares of Arunaya Organics Ltd will list on the NSE SME platform Emerge, while Kenrik Industries Ltd shares will debut on the BSE SME.
2 min read
Tankup Engineers IPO allotment: The ₹19.53 crore initial share sale was solely a fresh issuance of 13.95 lakh equity shares. The funds raised will be utilised for working capital requirements and debt repayment.
2 min read
Urban Company IPO: The net fresh issue proceeds will be utilised for new technology development and cloud infrastructure, marketing initiatives, and lease payments for its offices. A portion will also be utilised for corporate general purposes.
2 min read
LG Electronics IPO: The proposed initial share sale is exclusively an offer for sale of 10.18 crore shares by promoter LG Electronics Inc, according to the draft red herring prospectus (DRHP). There is no fresh issue component.
2 min read
Urban Company is expected to file a draft red herring prospectus (DRHP) or initial IPO papers with the market regulator, the Securities and Exchange Board of India, by next month
2 min read
Ather Energy's ₹2,981.06 crore initial share sale is a mix of a fresh issuance aggregating to ₹2,626 crore and an offer-for-sale of 1.11 crore shares.
2 min read
Iware Supplychain Services IPO: The initial share sale is solely a fresh issuance of 28,56,000 equity shares worth ₹27.13 crore. The minimum investment size for retail investors is one lot, or 1,200 shares worth ₹1,14,000.
2 min read
Ather Energy IPO is a mix of a fresh issuance of 8.18 crore equity shares worth ₹2,626 crore and an offer for sale (OFS) of ₹354.76 crore. The total issue size is ₹2,980.76 crore.
2 min read
Upcoming IPOs: Ather Energy IPO is a mix of fresh issuance of shares valued at ₹2,626 crore and an offer-for-sale (OFS) component of 1.1 crore equity shares by promoters and other shareholders.
3 min read
Ather Energy announced on Friday, April 26, that it has raised ₹1,340 crore from anchor investors ahead of its initial share sale opening on Monday, April 28. The IPO will be a combination of a fresh issue of equity shares worth ₹2,626 crore and an offer-for-sale component of 1.1 crore equity shares by company promoters and shareholders.
3 min read
Tankup Engineers IPO is a fresh issue of 13.95 lakh shares valued at ₹19.53 crore. There is no offer-for-sale component. The money raised will be used to clear debt and meet working capital requirements.
2 min read
Upcoming IPO: Prestige Hospitality Ventures, which currently operates seven hotels, will raise up to ₹1,700 crore through a fresh issue component.
2 min read
Ather Energy IPO opens on April 28, 2025, with an issue size of ₹2,980.7 crore. The price band is set between ₹304-₹321 per share, with a lot size of 46 shares. Ather Energy is a leading electric two-wheeler manufacturer in India, known for premium e-scooters.
4 min read
Ather Energy IPO: The ₹2,980.76 crore initial share sale, with a price band of ₹304 to ₹321 per share, is a fresh issue of ₹2,626 crore as well as an offer for sale of 1.11 crore shares. The offer will conclude on April 30.
2 min read
Tankup Engineers IPO price band has been fixed at ₹133 to ₹140 per share. The initial share sale is a fresh issuance of equity shares worth ₹19.53 crore without an offer-for-sale (OFS) component.
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
Kenrik 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