Upcoming SME IPOs in 2025

Upcoming SME IPOs in 2025
Find details about upcoming SME IPOs and stay updated.
sme
+91
Date announced
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16 Jan 2026 Opening
Dates yet to be announced

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

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Bharat Coking Coal IPO Listing Date: The initial share sale aimed to raise ₹1,071.11 crore via an offer for sale of 46.57 crore shares by Coal India. There was no fresh issuance of shares.

3 min read

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Bharat Coking Coal IPO allotment finalised: The ₹1,071.11 crore offer was exclusively an offer for sale (OFS) of 46.57 crore equity shares by promoter Coal India Ltd. With a price band of ₹21 to ₹23 per share, a lot consisted of 600 shares.

4 min read

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Armour Security India IPO: The ₹26.51 crore initial share sale, with a price band of ₹55 to ₹57 per share, is exclusively a fresh issuance of 46.50 lakh shares. There is no offer for sale component.

3 min read

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New IPO Alert: The ₹2,600 crore proposed initial share sale is exclusively a fresh issuance of equity shares, as per the draft red herring prospectus (DRHP). The funds generated will be utilised for investment in its subsidiaries and general corporate purposes.

2 min read

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Defrail Technologies IPO allotment: The ₹13.77 crore issue, with a price band of ₹70 to ₹74 per equity share, was solely a fresh issuance of 18,60,800 shares without an offer for sale (OFS) component.

3 min read

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Bharat Coking Coal IPO saw thunderous response from investors. On Day 3, the IPO saw an overall subscription of over 146.87 times, with the retail portion subscribed 49.33 times. BCCL IPO is witnessing strong subscription because of an attractive IPO price band, high GMP and monopoly business.

5 min read

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Shadowfax Technologies IPO: The ₹1,907.27 crore initial public offering is a mix of fresh issuance of shares valued at ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore.

3 min read

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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

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Defrail Technologies IPO: The ₹13.77 crore initial public offering is a fresh issuance of 18,60,800 equity shares, with no offer for sale (OFS) component.

3 min read

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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

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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

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The last five IPO listings showed mixed performance, with two companies trading above their IPO issue prices, while three were below.

3 min read

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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

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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

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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

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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

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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

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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

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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

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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

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

3 min read

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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

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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

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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

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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


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Reasons to invest in upcoming SME IPOs

Investing in upcoming SME IPOs offers several advantages. It’s an opportunity for investors to gain from the growth potential of small and medium enterprises. The SME IPOs also help with portfolio diversification, spreading the investment risk across various sectors. By investing in upcoming SME IPOs the investors get an opportunity to buy shares at a lower price than future market value if the company does well. In addition, SMEs with high growth potential could be undervalued and investing in an IPO helps to reap the benefits from the early-stage expansion of the company.

Who can participate in investing in SME IPOs?

Upcoming SME IPOs offer opportunities for a wide range of investors, from individual retail investors to large institutional participants. Retail investors can explore high-growth opportunities through SME IPO listings, as the lower application size makes it easier for those with modest capital to invest. This allows them to diversify their portfolios and tap into small-cap IPO listings that may have significant growth potential. Domestic institutions, including venture capital funds, mutual funds and portfolio management schemes, are also attracted to SME IPOs. Similarly, foreign investors, including NRIs and foreign venture capital funds, can also invest in SME IPOs.

A step-by-step guide to apply for SME IPOs

Web: You can apply for an IPO on the Upstox website. Go to https://upstox.com/ipo/ and log in with your credentials. From the list of open IPOs, select the IPO you want to apply for and click "Apply." Enter details like the cutoff price, lot size, and UPI ID for the mandate. Approve the UPI mandate on your UPI application. You can track your application status from the My Application tab.

App: Here’s how you can invest in SME IPOs through Upstox app:

  • Open the Upstox app and log in using your 6-digit PIN or Biometrics.
  • From the bottom menu, tap on the More tab and select the IPO option.
  • In the Explore section, check the Show SME IPOs box to see all the available SME IPOs.
  • Browse through the listed SME IPOs and click on Pre-apply now or Apply Now for your desired IPO.
  • Enter the required details like quantity and price, then click on Continue to apply.
  • Provide your UPI ID linked to your bank account and click Continue to apply.
  • Monitor your application status by selecting Timeline or Summary. A message will appear regarding the pending UPI mandate.
  • Open your UPI app and approve the payment mandate.
  • Once the mandate is accepted, track your application under the View Application tab.
  • To see a detailed IPO timeline, check the Timeline section for date-wise updates.

Frequently asked questions

What is the maximum number of lots I can apply for in an SME IPO?

The maximum number of lots you can apply for in an SME IPO depends on the lot size and the maximum bid amount fixed by the company. Each IPO will have a fixed lot size for different categories. There’s no fixed universal cap, the company determines the limits for each category. The investors can bid for at least a single lot size in their respective categories during the subscription of upcoming SME IPOs.

What distinguishes the DRHP from the RHP in the context of SME IPOs?

In the context of SME IPOs, the Draft Red Herring Prospectus (DRHP) is the initial filing with the stock exchanges, offering preliminary details about the company’s operations and the proposed IPO. It’s the first step in the IPO process and the subsequent approval. Any required changes are made before moving to the next stage. The Red Herring Prospectus (RHP) is a more detailed document filed after making changes as per the observations made by the stock exchanges. It includes important information like financial updates, changes in shareholding and final offer size, among others. The RHP is filed closer to the launch of the upcoming SME IPOs.
Other IPO Links
  1. Upcoming IPOs