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

GRE Renew Enertech IPOSME

0.0x

subscribed

Open - Close13 Jan - 16 Jan

Issue size₹40.00

Price range₹100 – ₹105

Opens on 13 Jan

INDO SMC IPOElectric Equipment, SME

0.0x

subscribed

Open - Close13 Jan - 16 Jan

Issue size₹92.00

Price range₹141 – ₹149

Opens on 13 Jan

Avana Electrosystems IPOPower Generation/Distribution, SME

2.52x

subscribed

Open - Close12 Jan - 14 Jan

Issue size₹35.00

Price range₹56.00 – ₹59.00

Closes on 14 Jan

Narmadesh Brass Industries IPOMetal - Ferrous, SME

1.07x

subscribed

Open - Close12 Jan - 15 Jan

Issue size₹45.00

Price range₹515 – ₹515

Closes on 15 Jan

Defrail Technologies IPOSME

8.75x

subscribed

Open - Close09 Jan - 13 Jan

Issue size₹14.00

Price range₹70.00 – ₹74.00

Closes at 03:50 PM

Name	Open - Close	Issue size	Price range	Subscription
Defrail Technologies IPOSME	09 Jan - 13 Jan 6 hrs	₹14Cr	₹70.00 – ₹74.00	8.75x
Avana Electrosystems IPOSME, Power Generation/Distribution	12 Jan - 14 Jan	₹35Cr	₹56.00 – ₹59.00	2.52x
Narmadesh Brass Industries IPOSME, Metal - Ferrous	12 Jan - 15 Jan	₹45Cr	₹515 – ₹515	1.07x
GRE Renew Enertech IPOSME	13 Jan - 16 Jan	₹40Cr	₹100 – ₹105	---
INDO SMC IPOSME, Electric Equipment	13 Jan - 16 Jan	₹92Cr	₹141 – ₹149	---

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

INDO SMC IPO: The ₹91.95 crore initial share sale is only a fresh issuance of 61,71,000 shares, with no offer for sale (OFS) component.

3 min read

Bharat Coking Coal IPO, with a price band of ₹21 to ₹23 per share, aims to raise ₹1,071.11 crore via an offer for sale of 46.57 crore equity shares by Coal India. A lot includes 600 shares.

3 min read

Amagi Media Labs IPO: The ₹1,788.62 crore initial public offering consists of a fresh issuance of shares worth ₹816 crore and an offer for sale (OFS) of ₹972.62 crore.

3 min read

Bharat Coking Coal IPO opened to a thunderous response from investors. So far on Day 2, the IPO saw an overall subscription of nearly 30 times, with the retail portion subscribed 20.7 times. BCCL IPO is witnessing strong subscription because of an attractive IPO price band, high GMP and monopoly business.

5 min read

Bharat Coking Coal IPO: At the upper price band, the IPO is valued at around 9 times price-to-earnings and about 2 times price-to-book value, as per the offer documents. It will raise ₹1,071 crore solely via an offer for sale (OFS) by promoter Coal India.

3 min read

Avana Electrosystems IPO: The ₹35.22 crore initial share sale, with a price band of ₹56 to ₹59 per share, is a fresh issuance of 51,76,000 shares worth ₹30.54 crore and an offer for sale of 7,94,000 shares valued at ₹4.68 crore.

3 min read

Yajur Fibres IPO allotment: The ₹120.41 crore issue, with a price band of ₹168 to ₹174 per share, was completely a fresh issuance of 69,20,000 shares. There was no offer for sale (OFS) component.

3 min read

Rodec Pharma IPO: The proposed initial share sale will be an offer for sale (OFS) of 56,50,000 equity shares by promoter Mukesh Kumar Gupta. There will be no fresh issue component.

2 min read

Gabion Technologies IPO allotment finalised: The initial share sale was entirely a fresh issuance of 36 lakh shares worth ₹29.16 crore, with no offer for sale (OFS) component.

3 min read

Upcoming IPOs: Cloud-based SaaS company Amagi Media Labs' initial public offering (IPO), with a price band of ₹343 to ₹361 per share, will be open for subscription from January 13 to January 16.

3 min read

Yajur Fibres IPO: The initial share sale is a fresh issue of 69.20 lakh shares aggregating to ₹120.41 crore without an offer for sale component.

3 min read

Bharat Coking Coal IPO: The initial public offering is only an offer for sale (OFS) of 46.57 crore shares valued at ₹1,071.11 crore. There is no fresh issue component.

3 min read

The IPO pipeline remains sizable, with more than a dozen steel and allied companies at various stages of the listing process

3 min read

Amagi Media Labs IPO aims to raise ₹1,789 crore through its public issue. Incorporated in 2008, the company offers solutions to media companies for the distribution and monetisation of their video content over the internet.

6 min read

Bharat Coking Coal aims to raise ₹1,071 crore via its initial public offering. The mainboard IPO will open for subscription between 9 and 13 January 2026. Coal India shareholders can bid for the Bharat Coking Coal IPO under the shareholders’ quota as BCCL has reserved 10% of IPO issue size for Coal India shareholders.

5 min read

Gabion Technologies IPO: The ₹29.16-crore initial share sale, with a price band of ₹76 to ₹81 per share, is a fresh issuance of 36 lakh shares.

3 min read

The ₹120.41 crore Yajur Fibres IPO is solely a fresh issuance of 69,20,000 shares. With a price band of ₹168 to ₹174 per share, a lot consists of 800 shares.

2 min read

IPO Boom Ahead: A third of the IPOs in the new year will be issuances of over USD 1 billion, and the new-age companies and consumer sector companies are likely to continue to dominate, Kotak Investment Banking said.

2 min read

Bharat Coking Coal Ltd 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

Indian Gas Exchange is expected to file a draft red herring prospectus (DRHP) before the market regulator SEBI in the second half of the calendar year 2026.

3 min read

Amagi Media Labs IPO: The ₹1,788.62 crore initial share sale is a mix of fresh issuance of shares aggregating to ₹816 crore and an offer for sale (OFS) component valued at ₹972.62 crore.

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

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

What our users have to say

IPO section is awesome now.

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

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Which SME IPOs are currently available for subscription?

The IPOs that are available for subscription current are: GRE Renew Enertech IPO Closes on 16 Jan 2026,INDO SMC IPO Closes on 16 Jan 2026,Avana Electrosystems IPO Closes on 14 Jan 2026,Narmadesh Brass Industries IPO Closes on 15 Jan 2026,Defrail Technologies IPO Closes on 13 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!