Current SME IPOs in India 2025: Active Listings 2025

Current SME IPOs in 2025

Invest in SME IPOs currently open for subscription.

+91

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All Open Upcoming Closed Listed

Desco Infratech IPOEngineering - Construction, SME

0.0x

subscribed

Open - Close24 Mar - 26 Mar

Issue size₹30.00

Price range₹147 – ₹150

Opens on 24 Mar

Rapid Fleet Management Services IPOLogistics, SME

0.06x

subscribed

Open - Close21 Mar - 25 Mar

Issue size₹43.00

Price range₹183 – ₹192

Closes on 25 Mar

Active Infrastructures IPOEngineering - Construction, SME

0.13x

subscribed

Open - Close21 Mar - 25 Mar

Issue size₹77.00

Price range₹178 – ₹181

Closes on 25 Mar

Grand Continent Hotels IPOHotel, SME

0.42x

subscribed

Open - Close20 Mar - 24 Mar

Issue size₹74.00

Price range₹107 – ₹113

Closes on 24 Mar

Name	Open - Close	Issue size	Price range	Subscription
Grand Continent Hotels IPOSME, Hotel	20 Mar - 24 Mar	₹74Cr	₹107 – ₹113	0.42x
Rapid Fleet Management Services IPOSME, Logistics	21 Mar - 25 Mar	₹43Cr	₹183 – ₹192	0.06x
Active Infrastructures IPOSME, Engineering - Construction	21 Mar - 25 Mar	₹77Cr	₹178 – ₹181	0.13x
Desco Infratech IPOSME, Engineering - Construction	24 Mar - 26 Mar	₹30Cr	₹147 – ₹150	---

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

Active Infrastructures IPO comprises entirely a fresh issue of over 43 lakh shares, aggregating to ₹77.83 crore. The issue will close for bidding on Tuesday, March 25. The company has fixed the price band at ₹178 to ₹181 per share for the IPO.

4 min read

Some companies prefer confidential IPO filings to protect their sensitive data, such as financials and market strategies, safeguard their interests, and enhance due diligence.

3 min read

Tata Capital, the financial services arm of Tata Group has expedited its IPO process. The company has hired a syndicate of 10 investment banks, including Citibank, Kotak Mahindra, and JP Morgan, will oversee its public offering. Tata Capital is expected to file draft papers by March or April 2025.

2 min read

Rapid Fleet Management Services aims to raise ₹43.87 crore through its SME IPO. The company has fixed the price band of the issue at ₹183 to ₹192 per share. The issue will close for bidding on March 25.

4 min read

Active Infrastructures IPO: The ₹77.83 crore initial public offer is a fresh issuance of 43,00,200 shares. There is no offer for sale (OFS) component. Retail investors can apply for a minimum of 600 shares, needing an investment of ₹1,06,800.

2 min read

Rapid Fleet IPO: The ₹43.87 crore initial public offer is solely a fresh issuance of 22.85 lakh shares. The net issue proceeds will be utilised for the purchase of vehicles, working capital needs, and corporate general purposes.

2 min read

Five new SME IPOs are set to launch between March 21 and March 25, 2025, including Rapid Fleet Management, Active Infrastructures, Desco Infratech, Shri Ahimsa Naturals, and ATC Energies.

4 min read

Shri Ahimsa Naturals IPO: Retail investors can bid for at least one lot, consisting of 1,200 shares. The minimum investment amount is ₹1,35,600. High net-worth investors can bid for two lots aggregating to ₹2,85,600.

2 min read

Grand Continent Hotels IPO: The ₹74.46 crore initial share sale is a mix of a fresh issuance of 62.60 lakh shares amounting to ₹70.74 crore and an offer for sale (OFS) component of 3.29 lakh shares valued at ₹3.72 crore.

2 min read

Divine Hira Jewellers IPO allotment is expected on Thursday, March 20. The SME IPO closed with strong demand, oversubscribing 4 times, with retail investors’ portion booked 6.62 times as of 5 pm on Day 3.

4 min read

Divine Hira Jewellers IPO was overall booked 3.93 times on the last day. On the other hand, Paradeep Parivahan's IPO closed with a subscription of 2 times. Super Iron Foundry shares were listed on the BSE SME platform flat at ₹107.95 apiece.

3 min read

Paradeep Parivahan IPO: The initial share sale is completely a fresh issue worth ₹44.86 crore. The funds generated will be used to meet working capital requirements as well as general corporate purposes.

2 min read

Desco Infratech IPO: Retail investors can bid for at least 1,000 shares for a minimum investment of ₹1,47,000. High-net-worth individuals can apply for 2,000 shares worth ₹3,00,000.

2 min read

PhysicsWallah IPO, which could be around $500 million (about ₹4,600 crore) will consist of issuing new equity shares as well as an offer for sale (OFS) component

2 min read

Super Iron Foundry IPO debuted flat on March 19, listing at ₹107.95. The stock hit a 5% lower circuit after listing. The company’s market capitalization stands at ₹240.02 crore.

3 min read

PDP Shipping and Projects shares listed on the BSE SME platform at a nearly 20% discount. Meanwhile, the SME IPO of Divine Hira Jewellers Ltd was fully subscribed on the second day of bidding on the back of strong retail demand.

4 min read

Divine Hira Jewellers IPO: The initial share is a fresh issue of 35.38 lakh shares aggregating to ₹31.84 crore. There is no offer for sale component.

2 min read

PDP Shipping and Projects made a weak stock debut on March 18, opening at ₹108.25, a 20% discount to its IPO price of ₹135. The logistics provider’s shares dropped 5%, hitting the lower circuit limit. The company raised ₹12.65 crore from this IPO.

3 min read

Paradeep Parivahan IPO is a fresh issue of 45.78 lakh shares aimed at raising a total of ₹44.86 crore. The company has fixed the price band at ₹93 to ₹98 per share for the IPO. The BSE SME issue will close on Wednesday, March 19.

3 min read

The NSE SME issue of Divine Hira Jewellers Ltd was booked only 69% on the first day of bidding, while the Paradeep Parivahan IPO was booked only 10%. Here’s a look at all the major developments in the IPO market on Monday, March 17.

3 min read

Divine Hira Jewellers IPO was subscribed 69% at the end of Day 1. The issue aims to raise ₹31.84 crore. Retail portion subscribed fully. Listing expected on March 24.

3 min read

LG Electronics IPO is completely an offer for sale (OFS) without any fresh issuance of equity shares. The money raised will go to the South Korean parent, which will sell over 10.18 crore shares or a 15% stake.

3 min read

Divine Hira Jewellers IPO is a fixed price issue at ₹90 per share. It is solely a fresh issue of 35.38 lakh shares worth ₹31.84 crore. The money raised will be used for debt repayment, working capital needs and general corporate purposes.

2 min read

Super Iron Foundry IPO investors can check the share allotment status on the websites of BSE and IPO registrar MUFG Intime India Pvt Ltd (earlier Link Intime India Pvt Ltd). The tentative date for the listing of Super Iron Foundry shares on the BSE SME platform is Wednesday, March 19.

4 min read

INOX Clean Energy is an integrated renewable platform spanning solar manufacturing, including cells and modules, and an Independent Power Producer (IPP) platform.

3 min read

What our users have to say

IPO section is awesome now.

⁠Kazi Bakibillah Twasin

I have been using Upstox for the past three years, and it is the best app for investing. I have secured around 10 to 15 IPOs since last year, starting from Tata Technologies to Vishal Mega Mart.

Shubham Kumbhar

Excellent experience in trading with good chart and a good access to ipo and its status.

Ulhas S

Which SME IPOs are currently available for subscription?

The IPOs that are available for subscription current are: Desco Infratech IPO Closes on 26 Mar 2025,Rapid Fleet Management Services IPO Closes on 25 Mar 2025,Active Infrastructures IPO Closes on 25 Mar 2025,Grand Continent Hotels IPO Closes on 24 Mar 2025

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!