Upcoming SME IPOs in 2025

Upcoming SME IPOs in 2025
Find details about upcoming SME IPOs and stay updated.
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Date 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 IPO

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Studds Accessories IPO: The ₹455.49 crore issue, which will conclude on November 3, has set a price band of ₹557-₹585 per share, valuing it at around ₹2,300 crore at the upper end of the range. A lot consists of 25 shares.

3 min read

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Orkla India IPO: The company's ₹1,667.54 crore initial public offering (IPO) will end on October 31. It has fixed a price range of ₹695 to ₹730 per share, aiming for a valuation of around ₹10,000 crore at the upper end.

3 min read

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Groww IPO: The initial share sale seeks to raise ₹6,632.3 crore by offering new shares valued at ₹1,060 crore as well as an offer for sale (OFS) of ₹5,572.3 crore by existing investors.

3 min read

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Orkla India IPO: The ₹1,667.54 crore issue is entirely an offer for sale (OFS) of 22,843,004 shares by the promoter, Orkla Asia Pacific Pte Ltd, and investors Navas Meeran and Feroz Meeran.

3 min read

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boAt IPO: The initial share sale consists of a fresh issue of equity shares amounting to ₹500 crore and an offer for sale (OFS) of ₹1,000 crore, according to the updated draft red herring prospectus (UDRHP) filed on Tuesday.

2 min read

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Jayesh Logistics IPO is seeking to raise ₹28.63 crore via solely a fresh issue component of 23,47,000 shares. The funds generated will be used for the purchase of sidewall trailers, to meet working capital needs, to fund the implementation of Phase 2 of the Smart Logistics Application, and for corporate general purposes.

3 min read

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Lenskart IPO: As part of the transaction, Neha Bansal, one of the promoters, transferred 24.87 lakh equity shares at ₹402 apiece to SBI Optimal Equity Fund (AIF) and SBI Emergent Fund AIF, Lenskart said in a public announcement on Wednesday.

3 min read

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Lenskart IPO: The company, one of India's largest omni-channel eyewear retailers, provides a wide range of affordable and fashionable prescription eyeglasses, sunglasses, and contact lenses through its online platform and extensive retail network.

3 min read

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Studds Accessories IPO aims to raise ₹455.49 crore through its public issue. The company designs, manufactures, markets, and sells 2-wheeler helmets and related motorcycle accessories. The IPO price band has been fixed between ₹557 to ₹585 per share, with a lot size of 25 shares.

6 min read

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Safecure Services IPO: The ₹30.60 crore initial share sale is entirely a fresh issuance of 30,00,00 shares. There is no offer for sale (OFS) component.

3 min read

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Lenskart is India's leading fully integrated and tech-focused eyewear player, which is involved in the design, manufacturing and retailing of its products. The company's IPO is set to commence on October 31 at a valuation of ₹70,000 crore for raising ₹7,278 crore

3 min read

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Game Changers Texfab IPO: The ₹54.84 crore initial share sale is only a fresh issuance of 53,76,000 equity shares. There is no offer for sale (OFS) component.

3 min read

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Sify Infinit IPO: The proposed initial share sale is a fresh issuance of shares valued at ₹2,500 crore as well as an offer for sale (OFS) of ₹1,200 crore by existing investors Kotak Data Center Fund (₹643 crore) and Kotak Special Situations Fund (₹557 crore).

3 min read

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The IPOs of dairy product maker Milky Mist Dairy Food, cloud kitchens operator Curefoods India, cement manufacturer Kanodia Cement, industrial steam and gas supplier Steamhouse India, and private equity and alternative asset management firm Gaja Alternative Asset Management Ltd have received SEBI's approval to hit the primary market.

3 min read

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Shares of Orkla India, Lenskart Solutions and Studds Accessories will be listed on the National Stock Exchange (NSE) and BSE (formerly Bombay Stock Exchange).

3 min read

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Lenskart IPO: The ₹7,278.01 crore initial share sale is a mix of fresh issuance of shares valued at ₹2,150 crore and an offer for sale (OFS) of 127,562,573 shares aggregating to ₹5,128.01 crore.

3 min read

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Milky Mist IPO is seeking to raise ₹2,035 crore by offering new equity shares valued at ₹1,785 crore as well as an offer for sale of ₹250 crore, according to its draft red herring prospectus (DRHP).

3 min read

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Studds Accessories IPO: The ₹455.49 crore initial share sale is a completely an offer for sale of 7,786,120 shares. As there is no fresh issue component, the company will not get any issue proceeds.

2 min read

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Founded in 2008 by Peyush Bansal, Lenskart began as an online eyewear platform and opened its first physical store in New Delhi in 2013. It has since evolved into one of India’s largest omni-channel eyewear retailers

2 min read

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Lenskart IPO: The investment comes ahead of Lenskart's maiden public offering, which is expected to open for public subscription next week.

2 min read

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Upcoming IPOs next week: The public offering of Orkla India, which owns spices and condiments brands MTR and Eastern, will be open from October 29 to October 31. It has fixed a price band of ₹695 to ₹730 per share, looking for a valuation of around ₹10,000 crore at the upper end.

3 min read

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Midwest share price: The IPO consisted of new shares valued at ₹250 crore and an offer-for-sale, or OFS, of ₹201 crore by promoters Kollareddy Rama Raghava Reddy and Guntaka Ravindra Reddy.

3 min read

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Orkla India IPO: The initial share sale is solely an offer for sale of ₹1,667.54 crore. As there is no fresh issue component, the company will not get any issue proceeds. The money raised will go to selling shareholders.

3 min read

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Jayesh Logistics IPO: The initial share sale is looking to raise ₹28.63 crore exclusively via a fresh issuance of 23,47,000 shares. There is no offer-for-sale component.

3 min read

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Midwest IPO Listing Date: The initial share sale aimed to raise ₹451.10 crore by offering new equity shares worth ₹250.10 crore and an offer for sale (OFS) of ₹201 crore by Kollareddy Rama Raghava Reddy and Guntaka Ravindra Reddy.

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