Upcoming SME IPOs in India 2025: 2025 Listings

Upcoming SME IPOs in 2025

Find details about upcoming SME IPOs and stay updated.

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All Open Upcoming Closed Listed

Dates yet to be announced

Solar91 Cleantech IPOPower Generation/Distribution, SME

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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

Divine Hira Jewellers IPO is a fixed price issue at ₹90 per share. It is solely a fresh issue of 35.38 lakh shares worth ₹31.84 crore. The money raised will be used for debt repayment, working capital needs and general corporate purposes.

2 min read

Super Iron Foundry IPO investors can check the share allotment status on the websites of BSE and IPO registrar MUFG Intime India Pvt Ltd (earlier Link Intime India Pvt Ltd). The tentative date for the listing of Super Iron Foundry shares on the BSE SME platform is Wednesday, March 19.

4 min read

INOX Clean Energy is an integrated renewable platform spanning solar manufacturing, including cells and modules, and an Independent Power Producer (IPP) platform.

3 min read

The Gujarat-based company's proposed IPO comprises a fresh issue of equity shares aggregating up to ₹190 crore and an offer for sale (OFS) of 71.55 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP).

3 min read

LG Electronics India IPO: Since the initial share sale is exclusively an offer for sale (OFS) without any fresh issue component, LG Electronics India will not get any proceeds from the IPO. The money raised will go to the South Korean parent of the company.

2 min read

Paradeep Parivahan IPO, which is completely a fresh issuance of 45.78 lakh shares worth ₹44.86 crore, will open on March 17. The issue, with a price band of ₹93 to ₹98 per share, will conclude on March 19.

2 min read

PDP Shipping IPO allotment: The ₹12.65-crore issue was open for subscription from March 10 to March 12. The tentative date for listing is Tuesday, March 18. Shares of PDP Shipping and Projects will be listed on the BSE SME platform.

4 min read

PDP Shipping and Projects IPO worth ₹12.65 crore SME IPO closed for subscription today with poor demand. Bidding in the ₹68.05-crore SME IPO of Super Iron Foundry Ltd also remained slow on the second day as well.

3 min read

Super Iron Foundry IPO: The ₹68.05 crore initial share sale, which is a fresh issue of 63.01 lakh shares, will conclude on Thursday, March 13. Retail investors can bid for at least one lot, consisting of 1,200 shares, needing an investment of ₹1,29,600.

2 min read

Crizac IPO is entirely an offer-for-sale (OFS) of up to ₹1,000 crore by the promoter selling shareholders. Borana Weaves' initial share sale is solely a fresh issuance, with no OFS component.

2 min read

Super Iron Foundry IPO is a fixed price issue and comprises a fresh issuance of 63.01 lakh shares, with no offer-for-sale (OFS) component. The company has fixed the IPO price at ₹108 per share. The ₹68.05-crore IPO is open for subscription till Thursday, March 13.

3 min read

NAPS Global India shares were listed at a premium of 20% over the issue price on the BSE SME platform. Meanwhile, Super Iron Foundry and PDP Shipping and Projects IPO saw subdued demand from investors.

3 min read

Divine Hira Jewellers IPO is an offering of new equity shares worth ₹31.84 crore. There is no offer-for-sale component. An investor can bid for at least 1,600 shares, which will require an investment of ₹1,44,000.

2 min read

Paradeep Parivahan IPO is a fresh issue of 45.78 lakh equity shares valued at ₹44.86 crore without an offer-for-sale (OFS) component. A single lot consists of 1,200 shares, needing a minimum investment of ₹1,11,600.

2 min read

Textiles importer NAPS Global India raised ₹11.88 crore through its initial public offering. At the listing price of ₹108 per share, NPAS Global India IPO investors would have made a listing gain of ₹28,800 per lot.

3 min read

Super Iron Foundry IPO is a fresh issuance of 63.01 lakh equity shares aggregating to ₹68.05 crore. The minimum investment requirement is ₹1,29,600 for one lot consisting of 1,200 shares.

3 min read

'New Cars' is an online-only offering on CARS24's website, and will allow OEMs to list their car models. One of the key features includes AI-powered video buying experiences, which takes customers through detailed walkthroughs of car's exterior, interior, features and performances.

2 min read

PDP Shipping & Projects IPO is a fixed price issue aimed at raising ₹12.65 crore. The initial public offering comprises a fresh issue of 9.37 lakh shares and no offer-for-sale component. The tentative date for listing of PDP Shipping shares on BSE SME platform has been scheduled for Tuesday, March 18.

3 min read

Ather Energy IPO will be a mix of a fresh issuance aggregating to ₹3,100 crore and an offer-for-sale (OFS) component of 2.2 crore equity shares.

2 min read

The National Company Law Tribunal (NCLT) has yet to give a final order on merging Tata Motors Finance with Tata Capital. The nod will likely be given by the end of the current financial year (FY25).

2 min read

Super Iron Foundry IPO is solely a fresh issue of ₹68.05 crore. The issue proceeds will be used for debt repayment, working capital requirements and general corporate purposes.

2 min read

Shares of SME firm Balaji Phosphates Ltd, a manufacturer and supplier of fertilisers, made a positive trading debut today. The stock listed at ₹75 on the NSE Emerge platform, a premium of 7.14% over the issue price of ₹70 apiece. NAPS Global India shares are scheduled to list on the BSE SME platform on Tuesday, March 11. Here’s a look at the major developments in the IPO market on March 7.

4 min read

Knowledge Realty Trust was set up on October 10, 2024, in Mumbai. According to the DRHP, it is the largest REIT in India by net operating income and gross asset value and the second largest in Asia by leasable area. It has a portfolio that includes 48 million sq. ft. (37 million sq. ft. completed) across 30 Grade A office assets in 6 cities, making it India’s most geographically diverse Office REIT.

3 min read

PDP Shipping & Projects IPO is solely a fresh issuance of 9.37 lakh shares aggregating to ₹12.65 crore. Investors can apply for at least 1,000 equity shares, needing an investment of ₹1,35,000.

2 min read

Balaji Phosphates IPO made a strong debut on March 7, listing at ₹75 per share, a 7% premium over its issue price of ₹70. The company raised ₹50.11 crore through its IPO, which was subscribed 1.26 times.

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.

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!