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

Integrity Infrabuild Developers IPOEngineering - Construction, SME

0.0x

subscribed

Open - Close13 May - 15 May

Issue size₹12.00

Price range₹100 – ₹100

Opens on 13 May

Virtual Galaxy Infotech IPOIT - Software, SME

0.6x

subscribed

Open - Close09 May - 14 May

Issue size₹93.00

Price range₹135 – ₹142

Closes on 14 May

Name	Open - Close	Issue size	Price range	Subscription
Virtual Galaxy Infotech IPOSME, IT - Software	09 May - 14 May	₹93Cr	₹135 – ₹142	0.60x
Integrity Infrabuild Developers IPOSME, Engineering - Construction	13 May - 15 May	₹12Cr	₹100 – ₹100	---

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

Upcoming IPOs next week: Shares of Srigee DLM and Manoj Jewellers will list on the BSE SME platform on Monday, May 12.

2 min read

Ravi Infrabuild Projects IPO is entirely a fresh issue of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Thursday.

2 min read

Kenrik Industries share price: As the minimum lot size was 6,000 shares, investors who were allotted Kenrik Industries shares made gains of just ₹60 per lot (₹25.01 x 6,000).

2 min read

Srigee DLM IPO allotment finalised: The initial public offering received a whopping 456.80 times subscription as investors applied for 56,18,60,400 shares compared to 12,30,000 shares on offer, according to the BSE data.

2 min read

PropShare Titania comprises a 4,37,973 sq ft of grade A+ office space in G Corp Tech Park located in Mumbai, with ESG certifications. It is fully occupied by a diversified tenant portfolio comprising Fortune 500 companies, MNCs and blue-chip tenants including Aditya Birla Capital and Concentrix.

3 min read

Co-working operator Awfis has already launched its IPO and is listed on the stock exchanges. Smartworks, WeWork India and IndiQube Spaces Ltd have already filed the preliminary documents with the markets regulator SEBI to launch their IPOs.

3 min read

Upcoming IPO: Mouri Tech proposes to raise ₹250 crore through selling new shares, while promoters and a selling shareholder plan to sell stock to the tune of ₹1,250 crore.

2 min read

Simple Energy has set an ambitious target of clocking USD 96 million (₹800 crore) in revenue in FY26 with an aim to cross USD 180 million (₹1,500 crore) in cumulative revenue over the next 18 months.

3 min read

Virtual Galaxy Infotech IPO opens for subscription from May 9 to 14, aiming to raise ₹93.29 crore via SME route. IPO price band is ₹135–₹142 per share with a lot size of 1,000 shares. Net IPO proceeds will be used to open new development facility in Nagpur, IT upgrades, hiring, and debt repayment.

3 min read

Srigee DLM IPO allotment status will be finalised on Thursday, May 8. The finalisation details will be available on BSE and Bigshare Services websites.

2 min read

Arunaya Organics share price: The funds generated from the IPO are intended to be used for establishing a manufacturing facility, funding working capital requirements, and general corporate purposes.

2 min read

Kenrik Industries IPO allotment: The initial share sale was a fresh issue of 34.98 lakh shares aggregating to ₹8.75 crore. There was no offer for sale component. The money raised to the tune of ₹6.56 crore will be utilised for working capital needs, and ₹1.80 crore for corporate general purposes.

2 min read

Upcoming IPOs: These five companies, which filed their preliminary IPO papers with SEBI in December and January, obtained their observations during April 29-30, the data showed.

3 min read

Kenrik Industries IPO allotment will be finalised on Wednesday, May 7. The bid finalisation details will be available on the websites of BSE and Skyline Financial Services.

2 min read

Iware Supplychain Services share price: As the minimum bid size for retail investors was 1,200 shares, allottees suffered a loss of ₹11,940 per lot at the time of listing.

2 min read

Arunaya Organics IPO allotment finalised: The initial public offering was a combination of a fresh issuance of equity shares aggregating to ₹30.51 crore, and an offer-for-sale of ₹3.48 crore.

2 min read

Ather Energy IPO Listing Date: The issue is a fresh issuance of shares valued at ₹2,626.3 crore as well as an offer for sale of ₹354.76 crore. The money raised will be utilised for setting up an electric two-wheeler plant in Maharashtra, research and development, marketing initiatives, debt clearance, and corporate general purposes.

2 min read

Srigee DLM IPO: The price band is set at ₹94 to ₹99 per equity share. Investors can apply for a lot, consisting of 1,200 shares worth ₹1,12,800.

2 min read

Ather Energy IPO allotment status: The bid finalisation details are available on the websites of the National Stock Exchange (NSE), the BSE, and the registrar, MUFG Intime India Pvt Ltd (earlier Link Intime India).

3 min read

Manoj Jewellers IPO is a fresh issuance of 30 lakh equity shares worth ₹16.2 crore. It is a fixed-price issue at ₹54 per share. The company proposes to use the money raised for repayment of certain borrowings and general corporate purposes.

3 min read

Upcoming IPO: Priority Jewels' initial share sale is completely a fresh issue of 54 lakh equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Wednesday.

2 min read

Arunaya Organics IPO allotment status will be finalised on Monday, May 5. The bids finalisation details will be available on the websites of the National Stock Exchange (NSE) and registrar, Bigshare Services Pvt Ltd.

2 min read

Wagons Learning IPO: The ₹38.38 crore initial public offering is a mix of a fresh issuance of shares valued at ₹25.26 crore and an offer-for-sale (OFS) component of ₹13.12 crore.

2 min read

The investors who participated in Ather Energy's IPO are now waiting for the allotment status to be finalised, which is scheduled for Friday, May 2.

2 min read

Tankup Engineers share price: The initial share sale was a fresh issue of 13.95 lakh shares worth ₹19.53 crore. The money raised will be used for working capital requirements, repayment of outstanding borrowings, and general corporate purposes. It had a price band of ₹133 to ₹140 per share.

2 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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Which SME IPOs are currently available for subscription?

The IPOs that are available for subscription current are: Integrity Infrabuild Developers IPO Closes on 15 May 2025,Virtual Galaxy Infotech IPO Closes on 14 May 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!