SME IPO Closing Today: Recently Closed SME IPOs in India

Closed SME IPOs 2026

Review details of SME IPOs that have recently closed.

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All Open Upcoming Closed Listed

Grover Jewells IPODiamond & Jewellery, SME

19.13x

subscribed

Allotment Date09 Feb 2026

Demat Transfer10 Feb 2026

Listing Date11 Feb 2026

Brandman Retail IPOTrading, SME

79.9x

subscribed

Allotment Date09 Feb 2026

Demat Transfer10 Feb 2026

Listing Date11 Feb 2026

Name	Allotment Date	Demat Transfer	Listing Date	Subscription
Grover Jewells IPOSME, Diamond & Jewellery	09 Feb 2026	10 Feb 2026	11 Feb 2026	19.13x
Brandman Retail IPOSME, Trading	09 Feb 2026	10 Feb 2026	11 Feb 2026	79.90x

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

Brandman Retail IPO: The ₹86.09 crore initial share sale, with a price band of ₹167 to ₹176 per share, is solely a fresh issue of 48.91 lakh equity shares. There is no offer for sale (OFS) component.

3 min read

Upcoming IPOs: The ₹2,833.90 crore Fractal Analytics IPO, which is open from February 9 to February 11, consists of new shares valued at ₹1,023.50 crore and an offer for sale (OFS) component of ₹1,810.40 crore.

3 min read

Fractal Analytics will launch its much-awaited IPO on February 09, 2026, to raise ₹2,833.9 crore through a combination of fresh issue and offer-for-sale. Incorporated in 2000, Fractal Analytics developed full-stack AI capabilities over the last 25 years by integrating technology, industry knowledge, and business expertise.

7 min read

Aye Finance IPO: The company is a leading lender of small-ticket loans to micro-scale MSMEs with a full product line (secured and unsecured) and a focus on serving a large and unaddressed total addressable market (TAM).

4 min read

Fractal Analytics IPO: The ₹2,833.90 crore book-build issue is a mix of new equity shares aggregating to ₹1,023.50 crore and an offer for sale (OFS) of ₹1,810.40 crore.

3 min read

NSE IPO: During the meeting, the board is expected to constitute a specialised IPO committee to serve as the central authority for the listing, PTI reported on Wednesday, citing market sources.

4 min read

Brandman Retail IPO: The ₹86.09 crore initial share sale is exclusively a fresh issuance of 48.91 lakh shares, with no offer for sale (OFS) component.

3 min read

Dhoot Transmission IPO: Backed by private equity major Bain Capital, the proposed initial share sale will be a mix of a fresh issue of equity shares and an offer for sale (OFS) by existing investors.

2 min read

Aye Finance IPO: The ₹1,010 crore initial share sale is a fresh issuance of shares valued at ₹710 crore and an offer for sale (OFS) of ₹300 crore by Alpha Wave India I LP, CapitalG LP, MAJ Invest Financial Inclusion Fund II K/S, LGT Capital Invest Mauritius PCC Cell E/VP and Vikram Jetley.

2 min read

Fractal Analytics IPO: The ₹2,833.90 crore initial share sale is a mix of fresh issuance of shares totalling ₹1,023.5 crore and an offer for sale (OFS) of shares aggregating to ₹1,810.40 crore.

2 min read

SRIT India IPO: The proposed initial share sale is exclusively a fresh issuance of 1.68 crore shares, with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP).

2 min read

Fractal Analytics IPO: The initial share sale is seeking to raise ₹2,833.90 crore via fresh issuance of shares aggregating to ₹1,023.50 crore and an offer for sale component of ₹1,810.4 crore.

2 min read

Marri Retail IPO: The proposed initial share sale will be a mix of fresh issuance of shares aggregating to ₹522 crore and an offer for sale (OFS) component of 27,000,000 shares by promoter Marri Venkat Reddy, according to the preliminary papers.

2 min read

Msafe Equipments IPO allotment: The initial share sale, with a price band of ₹116 to ₹123 per share, aimed to raise ₹66.42 crore via fresh issuance of 44 lakh shares worth ₹54.12 crore and an offer for sale of ₹12.30 crore by promoters Ajay Kumar Kanoi and Vansh Aggarwal.

3 min read

NSE IPO: National Stock Exchange's listing plans were on hold since 2016, when the country's largest bourse first filed a draft red herring prospectus (DRHP) to raise around ₹10,000 crore through an offer for sale (OFS) component by existing shareholders.

3 min read

NSE IPO: The hike in STT is aimed squarely at high-volume derivative trading, rather than the cash equity market, and is expected to meaningfully increase transaction costs for active and short-term trading strategies.

3 min read

Upcoming IPOs this week: NFP Sampoorna Foods's initial share sale, which is open from February 4 to February 6, is seeking to raise ₹24.53 crore via fresh issuance of 44.60 lakh shares, with no offer for sale (OFS) component.

4 min read

CKK Retail Mart IPO: The ₹88.02 crore initial share sale consists of a fresh issuance of 44.08 lakh shares valued at ₹71.85 crore and an offer for sale of 9.92 lakh shares worth ₹16.17 crore by promoter Sakuma Infrastructure and Realty Pvt Ltd.

3 min read

Msafe Equipments IPO: The ₹66.42 crore initial share sale comprised a fresh issuance of 44 lakh shares aggregating to ₹54.12 crore and an offer-for-sale of 10 lakh shares valued at ₹12.30 crore by promoters Vansh Aggarwal and Ajay Kumar Kanoi.

3 min read

Kasturi Metal Composite IPO allotment: The ₹17.61 crore initial share sale, with a price band of ₹61 to ₹64 per equity share, was only a fresh issuance of 27.52 lakh shares, without an offer for sale component.

3 min read

The IPO volumes in FY26 till December 2025 advanced 20% higher than in the same period of FY25. The amount collected was also 10% higher for the same time band of FY25, the Economic Survey said.

2 min read

Bharat Coking Coal IPO, a Coal India subsidiary with a shareholder quota, saw robust investor interest with overall subscription of 143 times. Here is a list of 11 upcoming IPOs that could have a shareholder quota.

5 min read

Turtlemint IPO: The proposed initial share sale consists of new equity shares valued at ₹660.72 crore and an offer for sale (OFS) component of 28,608,992 shares.

3 min read

Bombay Coated and Special Steels IPO: The proposed initial public offering is exclusively a fresh issuance of equity shares valued at ₹191 crore, with no offer for sale (OFS) component.

2 min read

Shayona Engineering IPO allotment: The ₹14.86 crore initial share sale was completely a fresh issuance of 10.32 lakh shares, with no offer for sale (OFS) component.

3 min read

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What does it mean when an SME IPO is marked as closed?

A closed SME IPO refers to the period between the end of subscription for the initial public offering of a small and medium enterprise (SME) and before its listing on the exchange. The investors can not submit bids for a closed SME IPO. The SMEs launch their public offers to raise capital from the primary markets, which is primarily used for expansion, working capital, or other strategic needs. These SME IPOs open on the BSE SME or the NSE SME platforms for subscription.

How can I verify the allotment status for a closed SME IPO?

Investors can check the allotment status of their IPO by going to https://upstox.com/ipo/, logging in and then going to the My Applications tab. Investors can also check the allotment status for closed SME IPOs on the Upstox app. You can access information about past SME IPOs and monitor the performance of these public offers through SME IPO history. The allotment status for closed SME IPOs can also be checked on the BSE and NSE websites. The investors can also check the share allotment status of a closed SME IPO on the official portal of the issue registrar. Generally, a company finalises the IPO share allotment status a day after the subscription. The successful bidders also get details of their IPO share allotment through e-mail and SMS.

Frequently asked questions

When can I access the allotment status for a closed SME IPO?

You can access the allotment status for a closed SME IPO once the company completes the allotment process, which usually occurs the day following the end of the subscription. The allotment status for the closed SME IPOs can be checked on the websites of the BSE, NSE and the registrar for the particular SME issue.

What steps follow the closure of an SME IPO?

After the closure of an SME IPO, the next steps involve the finalisation of share allotment, processing of refunds and transfer of shares to the Demat accounts and the listing of the stock on the exchange. The company intimates the allotment status details to the bidders after finalising share allocation. Following this, the SME IPO shares get listed on the stock exchange on the scheduled date.

Is it still possible to purchase shares of an SME IPO after it has closed?

No, it is not possible to buy shares of an SME IPO directly after it has closed. The subscription period is a limited timeframe where investors can apply for the IPO. However, after the shares are listed on the exchange, you can buy them in the secondary market. You can track the listing and market performance of these shares, including past SME IPOs, on the BSE, NSE and other online trading platforms, like the Upstox app.

Can I still invest in a closed SME IPO?

Once an SME IPO gets closed, direct investments cannot be made in the public offer. But, you can buy shares of the SME company in the secondary market after the IPO shares are listed on the stock exchange. Keep an eye on recent SME IPO listings through platforms like Upstox to track how shares perform post-listing.

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!