Upcoming SME IPOs 2026

Upcoming SME IPOs 2026
Find details about upcoming SME IPOs and stay updated.
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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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New IPOs Alert: Of the 38 firms that filed their draft papers with SEBI in March, nine firms, including Rediff.com India, Zetwerk, SNVA Traveltech, Synergy Advanced Metals, Garuda Aerospace, Torrent Gas, and Sohan Lal Commodity Management, chose the confidential filing route.

3 min read

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Upcoming IPOs: Only one listing of electrical panels and automation systems manufacturer Vivid Electromech will occur on the SME platform of the NSE next week.

3 min read

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New IPO Alert: Rediff India provides world-class online consumer service offerings. It delivers enterprise email services, news and information and an online shopping marketplace.

2 min read

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Sai Parenteral's share price: The ₹408.79 crore initial share sale was a mix of a fresh issue of shares aggregating to ₹285 crore and an offer-for-sale (OFS) of ₹123.79 crore.

2 min read

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Amir Chand Jagdish Kumar share price: The ₹440 crore initial public offering was only a fresh issuance of 2.08 crore shares, with no offer for sale (OFS) component. The money raised will be utilised for funding working capital requirements and corporate general purposes.

2 min read

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Powerica share price: The ₹1,100 crore book-build issue consisted of a fresh issuance of shares worth ₹700 crore and an offer for sale (OFS) component of ₹400 crore by promoters Kabir and Kimaya Family Private Trust and Naresh Oberoi Family Trust.

2 min read

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The ₹130.54 crore initial public offering was a mix of a fresh issuance of shares valued at ₹104.56 crore and an offer for sale (OFS) component of ₹25.97 crore by promoters Sameer Vishvanath Attavar and Meeta Sameer Attavar.

3 min read

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SpaceX IPO, which could be the world's biggest ever, could make its founder, Elon Musk, the world's first trillionaire. Currently, the world's biggest issue is Saudi Aramco, which had raised $29 billion in 2019.

2 min read

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Safety Controls & Devices IPO: The ₹48 crore initial share sale is exclusively a fresh issuance of 60,00,00 crore shares, with no offer for sale (OFS) component.

2 min read

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Upcoming IPOs: Non-ferrous metal products maker Gujarat Victory Forgings's initial share sale is a mix of 6,500,000 new equity shares and an offer for sale (OFS) of 13,200,00 shares by promoter Vijendrakumar Bishamber Gupta.

5 min read

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Of the nine initial share sales listed in March 2026, six are trading in the red, while three are in the positive territory. Key listings this month included Central Mine Planning & Design Institute (CMPDI), Clean Max Enviro Energy Solutions and PNGS Reva Diamond Jewellery.

4 min read

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PropShare Celestia is the third SM REIT launched by Property Share Investment Trust. The initial share sale will consist solely of a fresh issuance of units, with no offer for sale (OFS) component.

3 min read

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Amir Chand Jagdish Kumar IPO allotment: The ₹440 crore book-build issue was solely a fresh issuance of 2.08 crore shares, with no offer for sale component. The funds generated will be used for funding working capital needs and general corporate purposes.

3 min read

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Sai Parenteral's IPO allotment: The ₹408.79 crore issue, with a price band of ₹372 to ₹392 per share, was a fresh issuance of shares worth ₹285 crore and an offer-for-sale (OFS) component of ₹123.79 crore.

3 min read

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Powerica IPO allotment: The ₹1,100 crore book-build issue was a mix of a fresh issuance of shares aggregating to ₹700 crore and an offer for sale of ₹400 crore by promoters Kabir and Kimaya Family Private Trust and Naresh Oberoi Family Trust.

3 min read

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Upcoming IPOs: The initial share sale of Rentomojo, an online rental platform for home furniture and appliances, is a mix of a fresh issuance of shares valued at ₹150 crore and an offer for sale (OFS) component of 2.83 crore shares, as per the DRHP.

3 min read

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CMPDI share price: The ₹1,842 crore initial public offering, with a price band of ₹163 to ₹172 per share, was exclusively an offer for sale (OFS) of 10.71 crore shares by promoter Coal India Ltd.

3 min read

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Upcoming IPOs: According to the draft papers, SAEL Industries plans to raise ₹4,575 crore through a combination of a fresh issue of ₹3,750 crore and an offer for sale (OFS) of ₹825 crore by investor Norfund.

3 min read

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Powerica IPO: The ₹1,100 crore initial share sale, with a price band of ₹375 to ₹395 apiece, is a combination of a fresh issue of shares aggregating to ₹700 crore and an offer for sale (OFS) of ₹400 crore by promoters Naresh Oberoi Family Trust and Kabir and Kimaya Family Private.

3 min read

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Amir Chand Jagdish Kumar IPO Day 3: The ₹440 crore initial share sale is only a fresh issuance of 2.08 crore shares, with no offer for sale (OFS) component.

3 min read

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Sai Parenteral's IPO: The ₹408.79 crore IPO has a fresh issue of shares aggregating up to ₹285 crore and an offer-for-sale of ₹123.79 crore. With a price band of ₹372 to ₹392 per share, a lot consists of 38 shares.

3 min read

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Jio Platforms IPO Update: The initial public offering, which could be India’s largest-ever, will be structured as an offer for sale (OFS), with many existing foreign investors preparing to offload their stakes, the report said.

2 min read

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Upcoming IPO: The proposed initial share sale of Bharat PET will include a fresh issue of shares worth ₹120 crore and an offer-for-sale (OFS) component of ₹640 crore.

2 min read

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CMPDI IPO allotment finalised: The ₹1,842 crore initial share sale of Central Mine Planning & Design Institute Limited was entirely an offer for sale of 10.71 crore shares by promoter Coal India.

3 min read

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Amir Chand Jagdish Kumar IPO: It is only a fresh issuance of 2.08 crore shares worth ₹440 crore. The fresh issue proceeds will be used for working capital requirements and general corporate purposes.

3 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