Current SME IPOs in India 2026: Active Listings 2026

Current SME IPOs in 2026

Invest in SME IPOs currently open for subscription.

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All Open Upcoming Closed Listed

Novus Loyalty IPOIT - Software, SME

0.0x

subscribed

Open - Close17 Mar - 20 Mar

Issue size₹60.00

Price range₹139 – ₹146

Opens on 17 Mar

Name	Open - Close	Issue size	Price range	Subscription
Novus Loyalty IPOSME, IT - Software	17 Mar - 20 Mar	₹60Cr	₹139 – ₹146	---

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

New IPOs Alert: The proposed initial share sale of Travelstack Tech is a mix of new shares valued at ₹250 crore and an offer for sale (OFS) of 2.68 crore shares by promoters and other shareholders.

2 min read

PhonePe IPO: The proposed initial share sale of PhonePe is solely an offer for sale by existing investors. The company's shareholders, including Walmart, Microsoft Global Finance and Tiger Global, will sell stakes totalling ₹10,115 crore, as per the updated draft papers of the fintech firm.

2 min read

GSP Crop Science IPO: The initial share sale is a mix of new equity shares valued at ₹240 crore and an offer for sale (OFS) of ₹160 crore by promoters Kappa Trust, Bhavesh Vrajmohan Shah and Vilasben Vrajmohan Shah.

3 min read

Amir Chand Jagdish Kumar IPO: The initial share sale is only a fresh issuance of ₹440 crore, with no offer for sale (OFS) component.

2 min read

CMPDI IPO: The ₹1,842.12 crore initial share sale is only an offer for sale (OFS) of 10,71,00,000 equity shares by Coal India. Since there is no fresh issue component, the company will not get any proceeds from the issue.

3 min read

Apsis Aerocom IPO allotment: The ₹35.77 crore initial public offer was solely a fresh issuance of 32.52 lakh shares, with no offer for sale (OFS) component. The money raised will be utilised for capital expenditure towards the purchase of machinery and general corporate purposes.

3 min read

In a notification, the Ministry of Finance's Department of Economic Affairs said that it has amended the Securities Contracts (Regulation) Rules, 1957. The new rules will be called the Securities Contracts (Regulation) Amendment Rules, 2026.

3 min read

Upcoming IPOs: Agrochemical Company GSP Crop Science's ₹400 crore initial share sale will be live from March 16 to March 18. The price band has been set at ₹304 to ₹320 per share.

3 min read

Apsis Aerocom IPO: The ₹35.77 crore initial share sale is a fresh issuance of 32,52,000 shares, with no offer for sale (OFS) component.

3 min read

CMPDI IPO: The initial share sale is solely an offer for sale (OFS) of 107,100,000 shares by promoter Coal India Ltd. There is no fresh issue component.

2 min read

Innovision extends IPO: The ₹305.76 crore initial share sale consists of a fresh issue of ₹241.51 crore and an offer for sale (OFS) of ₹64.25 crore by promoters Lt Col Randeep Hundal and Uday Pal Singh.

2 min read

In a statement, NSE said the selection of intermediaries was carried out through a "structured, transparent and competitive process" based on an evaluation framework approved by the IPO committee.

2 min read

Innovision IPO: The initial public offering, with a price band of ₹521 to ₹548 per share, was a fresh issue of ₹255 crore and an offer for sale (OFS) component of ₹67.84 crore by promoters Lt Col Randeep Hundal and Uday Pal Singh. The total issue size is ₹322.84 crore.

3 min read

Raajmarg Infra InvIT IPO: According to the Red Herring Prospectus, the issue size aggregates up to ₹6,000 crore. This was an increase from ₹5,700 crore planned at the time of filing the draft papers in January.

3 min read

GSP Crop Science IPO: The initial share sale seeks to raise ₹400 crore through a fresh issuance of ₹240 crore and an offer for sale (OFS) component of ₹160 crore by promoters Vilasben Vrajmohan Shah, Kappa Trust and Bhavesh Vrajmohan Shah.

2 min read

Rajputana Stainless IPO was seeking to raise ₹254.98 crore via a fresh issue of ₹178.73 crore and an offer for sale (OFS) of ₹76.25 crore by promoter Shankarlal Deepchand Mehta.

3 min read

Top SME IPOs of 2026: The best performing SME issues of CY26 include Grover Jewells, KRM Ayurveda, Accretion Nutraveda, Acetech E-Commerce, Defrail Technologies and Accord Transformer & Switchgear, among others.

3 min read

Raajmarg Infra InvIT IPO: The company is looking to raise ₹6,000 crore, according to the red herring prospectus (RHP). This was an increase from ₹5,700 crore planned at the time of filing the draft papers in January.

2 min read

Innovision IPO: The initial public offering aims to raise ₹322.84 crore via a fresh issue of up to ₹255 crore and an offer-for-sale of ₹67.84 crore. Under the OFS, promoters Lt Col Randeep Hundal and Uday Pal Singh will sell their stake.

3 min read

Rajputana Stainless aims to raise ₹254.98 crore via a fresh issue component of ₹178.73 crore and an offer for sale of ₹76.25 crore by promoter Shankarlal Deepchand Mehta.

3 min read

Apsis Aerocom IPO: The ₹35.77 crore initial share sale is a fresh issuance of 32.52 lakh shares, without an offer for sale (OFS) component. The money raised will be utilised for capital expenditure towards the purchase of machinery and general corporate purposes.

3 min read

Fractal Analytics shares are trading 5.55% lower at ₹850 from the issue price of ₹900 per equity share. It had listed at a discount of 2.67% on February 16.

3 min read

Sedemac Mechatronics share price: The ₹1,087.45 crore initial share sale was solely an offer for sale (OFS) of 80.43 lakh shares. The initial public offer was subscribed 2.68 times, with bids for 1,51,11,151 equity shares compared to 56,32,899 shares on offer.

2 min read

Truhome Finance IPO: The proposed initial share sale is a mix of new equity shares valued at ₹1,500 crore and an offer for sale (OFS) component of ₹1,500 crore by promoter Mango Crest Investment Ltd.

2 min read

Rajputana Stainless IPO: The ₹254.98 crore book-building issue is a combination of a fresh issuance of shares worth ₹178.73 crore and an offer for sale (OFS) component of ₹76.25 crore.

3 min read

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Which SME IPOs are currently available for subscription?

The IPOs that are available for subscription current are: Novus Loyalty IPO Closes on 20 Mar 2026

How does the process of investing in SME IPOs work?

Investing in SME IPOs follows a structured process. First, you need to log in to your trading account on Upstox. Next, browse the active SME IPOs and choose the one you want to invest in. Once you’ve selected the issue, you need to choose the IPO and the lot size you plan to buy, along with your bid price. After completing the application, provide your UPI ID for the payment process. Once the IPO closes, the allotment will be finalised. If you are allotted shares, the amount will be deducted from your account. The stock will be listed on the BSE SME or NSE Emerge platforms, where you can track their performances.

You can also apply for an IPO on the Upstox website by visiting https://upstox.com/ipo/ and logging in. Select an IPO from the Open IPOs list and press apply. Provide details like cutoff price, lot size, and your UPI ID for mandate. Approve the UPI mandate via your UPI app. Track your application status in the My Application tab

Frequently asked questions

How can I find out which SME IPOs are currently open for subscription?

To find out which SME IPOs are currently open for subscription, you can regularly check the Upstox app, and the BSE as well as NSE websites. These sources provide up-to-date listings of open SME IPOs, including subscription dates, issue sizes and bid details. Keep track of SME subscription details to stay informed about SME IPO trends.

What documents are necessary to invest in an SME IPO?

To invest in an SME IPO, you need a few important documents to ensure your eligibility. These include your PAN, which serves as proof of identity, and your Aadhaar card, for KYC (Know Your Customer) verification. You also need a bank account linked to UPI (Unified Payments Interface) for easy fund transfer during the application process. A Demat account is required to hold the shares post-allotment. Make sure that all these documents are valid and updated to avoid any issues during the application process.

What is the process for applying for a current SME IPO through Upstox?

To apply for a current SME IPO through Upstox, first log into your Upstox account and navigate to the IPO section. From there, browse the active SME IPOs and select the IPO you wish to invest in. Enter the number of lots you wish to apply for and specify the price band. Next, enter and link your UPI ID for payment authorisation. After submitting your application, the funds will be blocked in your account until the IPO allotment. Once the process is complete, you can track the allotment status on the platform.

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!