Upcoming SME IPOs in India 2025: 2025 Listings

Upcoming SME IPOs in 2025

Find details about upcoming SME IPOs and stay updated.

+91

+91

Date announced

There are no upcoming IPOs at the moment

There are no upcoming IPOs at the moment

Dates yet to be announced

Solar91 Cleantech IPOPower Generation/Distribution, SME

---

Name	Status
Solar91 Cleantech IPOSME, Power Generation/Distribution	---	---

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

PhonePe redomiciled from Singapore to India in December 2022 for which it had to pay around ₹8,000 crore in taxes to the government. The company in FY24 (2023-24) posted a 73% year-on-year (YoY) increase in its revenue to ₹5,064 crore.

2 min read

National Securities Depository Ltd (NSDL) is expediting its much-anticipated ₹3,000 crore IPO, aiming for a launch by next month before its regulatory approval expires. A senior official confirmed that the depository firm is racing against time to secure necessary clearances.

2 min read

HP Telecom India IPO consists exclusively of a fresh issue of 31.69 lakh equity shares. The company has fixed the IPO price at ₹108 per share for the IPO. The ₹34.23-crore NSE SME issue is available for subscription till February 24.

3 min read

The ₹14.92-crore IPO is open for subscription from February 20 to February 24. The company has fixed the issue price at ₹94 per share. Swasth Foodtech India IPO listing on the BSE SME platform has been scheduled for February 28.

3 min read

In a major disappointment for primary market investors, none of the four IPO listings on Wednesday managed to make an impactful debut. While Hexaware Technologies shares were listed at a 5% premium over the issue price, the three SME issues made a muted debut.

3 min read

Quality Power IPO allotment status will be finalised on Wednesday. Investors who applied for the public issue can check finalisation details on the websites of the NSE, the BSE, and MUFG Intime India Pvt Ltd (formerly Link Intime India).

3 min read

Upcoming IPOs: The allotment of HP Telecom India and Swasth Foodtech IPOs will take place on February 25, while the listing will occur on February 28.

2 min read

Royalarc Electrodes IPO comprised a fresh issue of 18 lakh shares, worth up to ₹21.6 crore, and an offer-for-sale (OFS) of 12 lakh shares, amounting to ₹14.4 crore. The proposed IPO listing date is February 21. Shares of Rolyalarc Electrodes Ltd will be listed on the NSE SME platform.

4 min read

Soon after listing, the stock marginally increased to hit an intraday high of ₹182.05 apiece on the NSE Emerge platform. As the stock debuted at the issue price of ₹180, IPO investors would not have made any gains. The minimum investment for the IPO investors was ₹1,36,800 for a single lot of 800 shares.

3 min read

Voler Car IPO listed flat on the NSE SME platform on February 19, with shares opening at ₹90. The stock hit a 5% lower circuit, marking a lacklustre debut. The company raised ₹27 crore from this public issue.

3 min read

As the minimum bid quantity to apply for the PS Raj Steels IPO was 1,000 shares, successful bidders who were allotted shares in the primary issue were sitting on nominal listing gains of ₹5,000 per lot (₹5 x 1,000) as soon as the stock started trading in the secondary market.

3 min read

The mainboard issue of Quality Power Electrical Equipments Ltd and NSE SME issues of Tejas Cargo India Ltd and Royalarc Electrodes Ltd were fully subscribed on the last day of bidding, after witnessing a muted demand in the first two days.

4 min read

Tejas Cargo India’s ₹105.84 crore IPO was fully subscribed by the final day, with strong demand from Non-Institutional Investors (NIIs). The total subscription reached 1.22 times. The allotment status for the IPO will be finalised on February 18. Investors can check the allotment status on the NSE and Bigshare Services portal.

4 min read

Quality Power IPO fully subscribed on the final day, with 1.29 times oversubscription. Despite a slow start, retail investors drove the demand. The power equipment supplier raised ₹858.7 crore from this IPO. Allotment status will be finalised on February 19. Investors can check the status on the NSE, BSE, or MUFG Intime India portal.

4 min read

Hexaware Tech IPO Listing Date: The issue is exclusively an offer-for-sale (OFS) of shares worth ₹8,750 crore by Carlyle Group's CA Magnum Holdings. Since it is solely an OFS, the entire IPO proceeds will go to the selling shareholder. The company will not get any funds.

2 min read

Bansal did not rule out an IPO in the upcoming fiscal year, suggesting that further clarity on key milestones will emerge following consultations with the company’s board.

3 min read

Quality Power IPO: The initial public offering of Quality Power Electrical Equipments has been fully subscribed on Tuesday, February 18, the third day of bidding.

2 min read

LG Electronics India filed the draft red herring prospectus (DRHP) for the public issue of its India unit with the capital market regulator Securities and Exchange Board of India (Sebi) on December 6, 2024. The IPO could be a complete offer-for-sale of up to 10.18 crore equity shares.

2 min read

Hexaware Technologies IPO allotment has been finalised. Those who have applied for the public issue can check bid finalisation details on the websites of the BSE, the NSE, and KFin Technologies.

3 min read

Shanmuga Hospital IPO allotment: The company launched its IPO on the BSE SME platform on February 13 to raise ₹20.62 crore from the primary market. The company has proposed to list its shares on the BSE SME platform on Thursday, February 20.

4 min read

LK Mehta Polymers IPO allotment: The ₹7.38-crore issue was open for subscription from February 13 to February 17. The IPO price was fixed at ₹71 per share. The listing date has been fixed as February 21.

4 min read

NSDL is a SEBI-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India.

2 min read

Upcoming IPOs: Swasth Foodtech India, HP Telecom India, and Beezaasan Explotech will commence their initial share sales on February 19, 20, and 21, respectively.

3 min read

The lithium-ion batteries manufacturing company launched its initial public offering on February 12 to raise ₹54 crore from the primary market. The company has proposed to list its shares on the NSE SME platform on Wednesday, February 19.

4 min read

Quality Power IPO is a 100% book-built issue aimed at raising a total of ₹858.7 crore. It is a combination of a fresh issuance of 53 lakh shares, aggregating to ₹225 crore, and an offer-for-sale (OFS) of 1.49 crore shares, aggregating to ₹633.7 crore.

2 min read

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.

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!