Current SME IPOs in India 2026: Active Listings 2026

Current SME IPOs in 2025

Invest in SME IPOs currently open for subscription.

+91

+91

All Open Upcoming Closed Listed

Yajur Fibres IPOTextile, SME

0.69x

subscribed

Open - Close07 Jan - 09 Jan

Issue size₹120

Price range₹168 – ₹174

Closes on 9 Jan

Victory Electric Vehicles International IPOSME

0.25x

subscribed

Open - Close07 Jan - 09 Jan

Issue size₹35.00

Price range₹41.00 – ₹41.00

Closes on 9 Jan

Gabion Technologies India IPOEngineering, SME

168.59x

subscribed

Open - Close06 Jan - 08 Jan

Issue size₹29.00

Price range₹76.00 – ₹81.00

Closes on 8 Jan

Name	Open - Close	Issue size	Price range	Subscription
Gabion Technologies India IPOSME, Engineering	06 Jan - 08 Jan	₹29Cr	₹76.00 – ₹81.00	168.59x
Yajur Fibres IPOSME, Textile	07 Jan - 09 Jan	₹120Cr	₹168 – ₹174	0.69x
Victory Electric Vehicles International IPOSME	07 Jan - 09 Jan	₹35Cr	₹41.00 – ₹41.00	0.25x

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

Victory Electric Vehicles IPO: The ₹34.56 crore initial share sale, which is fixed priced at ₹41 per share, is exclusively a fresh issuance of 84,30,000 shares. There is no offer for sale (OFS) component.

3 min read

Yajur Fibres IPO: The company seeks to raise ₹120.41 crore solely via a fresh issuance of 69,20,000 shares. There is no offer for sale (OFS) component.

3 min read

Gabion Technologies IPO: The ₹29.16-crore initial public offering, which will conclude on January 8, is solely a fresh issuance of 36 lakh shares. The price band has been fixed at ₹76 to ₹81 per share.

3 min read

Bharat Coking Coal was the largest coking coal producer in India in the financial year 2024-25 in terms of coking coal production, according to a Crisil report.

4 min read

Modern Diagnostic share price: The ₹36.89 crore initial share sale was a fresh issuance of 40.99 lakh shares aggregating to ₹36.89 crore, with no offer for sale (OFS) component.

2 min read

BCCL IPO: The BCCL listing is the first in a series of planned divestments of Coal India's major subsidiaries and also the first mainboard issue of 2026. BCCL said the proposed IPO is aimed at unlocking value in Coal India's subsidiary.

4 min read

Turtlemint Fintech IPO: The company had filed its preliminary papers via the confidential route in September. It secured the regulator's approval in December to launch an IPO.

2 min read

Modern Diagnostic and Research Centre IPO Listing Date: The initial share sale sought to raise ₹36.89 crore by offering 40.99 lakh new shares, with no offer for sale (OFS) component.

3 min read

Gabion Technologies IPO: The ₹29.16 crore initial share sale, with a price band of ₹76 to ₹81 per share, is exclusively a fresh issuance of 36,00,000 equity shares, with no offer for sale (OFS) component.

3 min read

Bharat Coking Coal IPO: The ₹1,071.11 crore initial share sale is completely an offer for sale of 465,700,000 shares by promoter Coal India.

3 min read

Modern Diagnostic and Research Centre IPO allotment: The initial share sale sought to raise ₹36.89 crore by offering 40,99,200 new shares. There was no offer for sale component.

3 min read

Upcoming IPOs: Bharat Coking Coal Ltd (BCCL), a wholly-owned unit of Coal India, will open its public offer on January 9. The issue, with a price band of ₹21 to ₹23 per share, will conclude on January 13.

3 min read

Hindustan Laboratories IPO: The proposed initial share sale will be a mix of fresh issuance of 5,000,000 equity shares and an offer for sale (OFS) of 9,100,000 shares by promoter Rajesh Vasantray Doshi.

2 min read

IPO Wave Ahead: Fitness equipment maker Jerai Fitness' proposed initial share sale is solely an offer for sale (OFS) of 43.92 lakh shares by promoters Rajesh Ramsukh Rai, Rajesh Ramsukh Rai HUF and Rinku Rajesh Rai, as per the DRHP.

4 min read

Bharat Coking Coal IPO: The ₹1,078.68 crore initial share sale is exclusively an offer for sale (OFS) of 46.57 crore shares by promoter Coal India Ltd (CIL). There is no fresh issue component.

2 min read

Modern Diagnostic and Research Centre IPO: The initial share sale was a fresh issuance of 40,99,200 shares aggregating to ₹36.89 crore, with no offer for sale (OFS) component.

3 min read

E To E Transportation Infrastructure share price: The initial share sale, with a price band of ₹164 to ₹174 per equity share, sought to raise ₹84.22 crore via solely a fresh issuance of 48.40 lakh shares, with no offer for sale component.

2 min read

Upcoming IPOs in January 2026: The initial public offering of artificial intelligence solutions provider Fractal Analytics seeks to raise ₹4,900 crore via a fresh issuance of shares worth ₹1,279.3 crore and an offer for sale (OFS) component of ₹3,620.7 crore.

3 min read

Modern Diagnostic and Research Centre IPO: The ₹36.89 crore offer is only a fresh issuance of 40,99,200 shares. Funds raised would be utilised for funding capital expenditure for the purchase of medical equipment for laboratories and diagnostic centres, working capital requirements, debt clearance and general corporate purposes.

3 min read

According to the preliminary papers, the issue of Bagmane Group-backed Bagmane Prime Office REIT is a combination of a fresh issuance of units aggregating to ₹3,000 crore and an offer for sale component worth ₹1,000 crore.

2 min read

Upcoming IPO: Krishna Buildspace: Krishna Buildspace's proposed initial public offering will be a mix of fresh issuance of 90,00,000 shares and an offer for sale (OFS) component of 9,00,000 shares by promoters Mohanbhai Chanabhai Sorathiya and Jayantibhai Chanabhai Sorathiya.

2 min read

Oyo's parent entity, Prism, is targeting a market debut sometime in 2026, following continued EBITDA positivity in 2025. The proposed IPO values the company in the range of USD 7-8 billion.

2 min read

E To E Transportation Infrastructure IPO allotment: The ₹84.22 crore initial share sale was a fresh issuance of 48.40 lakh shares without an offer for sale (OFS) component. The company will use the fresh issue proceeds for general corporate purposes and working capital requirements.

3 min read

Upcoming IPOs: CNC, laser and digital printing solutions provider Mehta Hitech Industries' initial share sale is only a fresh issuance of 6,200,000 shares, with no offer for sale (OFS) component, according to the DRHP.

3 min read

Modern Diagnostic and Research Centre IPO: The ₹36.89 crore initial share sale, with a price band of ₹85 to ₹90 per share, is a fresh issuance of 40,99,200 shares with no offer for sale (OFS) component.

3 min read

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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.

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Which SME IPOs are currently available for subscription?

The IPOs that are available for subscription current are: Yajur Fibres IPO Closes on 09 Jan 2026,Victory Electric Vehicles International IPO Closes on 09 Jan 2026,Gabion Technologies India IPO Closes on 08 Jan 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!