Current SME IPOs in India 2026: Active Listings 2026

Current SME IPOs in 2026

Invest in SME IPOs currently open for subscription.

+91

+91

All Open Upcoming Closed Listed

Shellz India IPOConsumer Food, SME

0.27x

subscribed

Open - Close15 Oct - 19 Oct

Issue size₹60.00

Price range₹170 – ₹179

Closes on 19 Oct

Ravita Engineering Services IPOEngineering, SME

1.76x

subscribed

Open - Close14 Oct - 16 Oct

Issue size₹116

Price range₹105 – ₹112

Closes on 16 Oct

Vaibhav Vyapaar IPOFinance - NBFC, SME

1.83x

subscribed

Open - Close13 Oct - 15 Oct

Issue size₹42.00

Price range₹51.00 – ₹54.00

Closes at 03:50 PM

Name	Open - Close	Issue size	Price range	Subscription
Shellz India IPOSME, Consumer Food	15 Oct - 19 Oct	₹60Cr	₹170 – ₹179	0.27x
Ravita Engineering Services IPOSME, Engineering	14 Oct - 16 Oct	₹116Cr	₹105 – ₹112	1.76x
Vaibhav Vyapaar IPOSME, Finance - NBFC	13 Oct - 15 Oct 1 hr	₹42Cr	₹51.00 – ₹54.00	1.83x

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

The proposals seek to strengthen the SME IPO framework, improving investor protection and aligning key regulatory requirements with those applicable to main-board issues, SEBI said.

6 min read

The Bonfiglioli Transmissions IPO is solely an offer for sale of 4.32 crore shares by the promoter, Bonfiglioli S.p.A., with no fresh-issue component.

3 min read

The ₹712.13 crore HD Fire Protect IPO consists entirely of an offer for sale of 2.63 crore shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi.

2 min read

Jio Platforms filed the red herring prospectus (RHP) with the Registrar of Companies, Gujarat, at Ahmedabad, for the IPO on October 14.

3 min read

HD Fire Protect IPO, with a price band of ₹258 to ₹271 per share, is solely an offer for sale (OFS) of 2.63 crore shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi.

2 min read

The ₹116.05 crore Ravita Engineering Services IPO is exclusively a fresh issuance of 1.04 crore shares. There is no offer for sale (OFS) component.

2 min read

The ₹702 crore Fusion CX IPO is a mix of fresh issuance of shares totalling ₹500 crore and an offer for sale (OFS) of ₹202 crore by promoters Rasish Consultants and PNS Business.

3 min read

Zetwerk Manufacturing IPO will open for subscription on October 15. The company is a technology-led, asset-light global manufacturing platform. It plans to raise ₹5,012 crore via this issue which will be utilised for repayment of loans availed by the company and its subsidiaries. Know about the company’s business, financials and more

5 min read

The ₹852.18 crore Tonbo Imaging India IPO is an offer for sale (OFS) of 1.22 crore shares by promoters and investors, according to the RHP.

3 min read

The proposed initial share sale of Jio Platforms Ltd is only a fresh issuance of 27 crore shares, according to the draft red herring prospectus (DRHP).

3 min read

Vaibhav Vyapaar IPO is a fresh issuance of 77.96 lakh shares aggregating to ₹42.10 crore, with no offer for sale (OFS) component.

2 min read

The ₹712.31 crore HD Fire Protect IPO is entirely an offer for sale (OFS) of 2.63 crore shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi.

3 min read

The approval comes amid a strong IPO fundraising momentum, with companies raising over ₹1.1 lakh crore through 96 public issues so far in 2026.

3 min read

HD Fire Protect IPO is completely an offer-for-sale (OFS) worth ₹712.31 crore by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi.

2 min read

The power transmission component maker said the issue will open for public subscription on October 15 and conclude on October 19.

3 min read

Sahajanand Medical Technologies IPO is exclusively an offer for sale (OFS) of 1.38 crore shares by promoters and existing investors, with no fresh issue component.

2 min read

Tonbo Imaging India IPO is only an offer for sale (OFS) of 1.22 crore shares, with no fresh issuance of shares, according to the RHP.

3 min read

The IPO comprises a fresh issue of shares worth ₹2,830 crore and an Offer for Sale (OFS) of 14.45 crore equity shares by existing shareholders.

3 min read

The ₹34.99 crore RK Fashion Accessories IPO was solely a fresh issuance of 42.67 lakh shares, with no offer for sale (OFS) component.

2 min read

The initial share sale of HD Fire Protect Ltd will be open from October 13 to October 15. The company has set a price band of ₹258 to ₹271 per share.

4 min read

The ₹121.69 crore Acme India Industries IPO was a combination of a fresh issuance of 54.07 lakh shares totalling ₹105.98 crore and an offer for sale (OFS) component of ₹15.71 crore by promoter Suraj Pandey.

2 min read

Fusion CX IPO is a mix of a fresh issuance of 1.73 crore shares aggregating to ₹500 crore and an offer for sale (OFS) component of ₹202 crore by promoters PNS Business and Rasish Consultants.

3 min read

Ravita Engineering IPO is solely a fresh issue of 1,03,62,000 equity shares, with no offer for sale (OFS) component, according to the red herring prospectus.

2 min read

Vishal Nirmiti IPO sought to raise ₹178 crore through a fresh issuance of 65.91 lakh shares worth ₹145 crore and a ₹ 33 crore offer-for-sale (OFS) component by promoter Vaman Prestressing Company.

2 min read

Nityas Gems and Jewellery IPO was solely a fresh issuance of 1.45 crore shares worth ₹108.35 crore. There was no offer for sale (OFS) component.

2 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: Shellz India IPO Closes on 19 Oct 2026,Ravita Engineering Services IPO Closes on 16 Oct 2026,Vaibhav Vyapaar IPO Closes on 15 Oct 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!