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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SBI Funds Management IPO seeks to raise ₹9,812.91 crore via an offer for sale (OFS) of 17.10 crore shares by State Bank of India (SBI) and Amundi.

2 min read

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Alpine Texworld IPO is entirely a fresh issuance of 1.20 crore equity shares aggregating to ₹126.25 crore. There is no offer for sale (OFS) component.

2 min read

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The ₹742 crore initial share sale of Laser Power & Infra consisted of a fresh issuance of shares valued at ₹542 crore and an offer-for-sale (OFS) of ₹200 crore by promoters Deepak Goel, Rakhi and Devesh Goel.

2 min read

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SBI Funds Management IPO, which will conclude on July 16, is entirely an offer for sale (OFS) of up to 17.09 crore shares worth ₹9,812.91 crore by existing shareholders State Bank of India (SBI) and Amundi.

3 min read

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The proposed Indian Gas Exchange IPO is solely an offer for sale (OFS) of up to 16,710,000 shares by promoter Indian Energy Exchange Ltd (IEX), according to the preliminary papers filed on Tuesday.

3 min read

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Kusumgar IPO was only an offer-for-sale (OFS) of ₹650 crore by promoters Siddharth Yogesh Kusumgar HUF, Siddharth Yogesh Kusumgar and Sapna Siddharth Kusumgar.

2 min read

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SBI Funds Management's IPO is an exclusive offer for sale (OFS) of 17.10 crore equity shares by promoters State Bank of India and Amundi India Holding.

2 min read

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Caliber Mining and Logistics IPO is a mix of fresh issuance of shares totalling ₹400 crore and an offer for sale (OFS) component of ₹50 crore by promoters.

2 min read

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The public issue will close on July 24, according to the offer document filed with stock exchanges.

2 min read

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The ₹9,812.91 crore initial share sale of SBI Funds Management Ltd is exclusively an offer for sale of 17.10 crore shares by existing shareholders State Bank of India (SBI) and Amundi. There is no fresh issue component.

3 min read

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The ₹160.34-crore initial public offering (IPO) of Millworks Technologies will end on July 16. The issue is solely a fresh issuance of up to 48.44 lakh shares with a price range of ₹315 to ₹331 per share.

2 min read

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Alpine Texworld is involved in the manufacture and trading of grey fabric and yarn along with sizing of yarns. The company plans to raise ₹126 crore via fresh issue of over 1.2 crore shares. The IPO will remain open for subscription from 14 to 16 July.

6 min read

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Laser Power & Infra IPO, with a price band of ₹203 to ₹214 per share, sought to raise ₹742 crore via fresh issuance of 2.53 crore shares worth ₹542 crore and an offer for sale (OFS) of ₹200 crore.

3 min read

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The ₹650 crore Kusumgar IPO was solely an offer-for-sale. Since the issue was an OFS, the Mumbai-headquartered firm will not get any proceeds, and the funds will go to the selling shareholders.

2 min read

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The ₹742 crore initial share sale of Laser Power & Infra is a mix of new equity shares valued at ₹542 crore and an offer-for-sale (OFS) of ₹200 crore by promoters.

2 min read

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The ₹11,692.91 crore initial share sale of SBI Funds Management, which manages SBI Mutual Fund, will open on July 14 and end on July 16. The price range has been set at ₹545 to ₹574 per share.

3 min read

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The proposed IPO of Marri Retail is a mix of a fresh issuance of shares valued at ₹522 crore and an OFS of 2.7 crore shares by promoter Marri Venkat Reddy.

2 min read

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SBI Fund Management IPO, with an issue size of ₹9,813.9 crore will open for subscription on Tuesday, July 14 2026. The company is the largest asset management company (AMC) in India, with a 15.3% share of the Indian mutual fund industry as of March 31, 2026 based on quarterly average assets under management (QAAUM).

7 min read

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Cult.fit’s IPO has revived the memories of Talwalkar Better Value Fitness, which got listed in 2010 but later went into bankruptcy proceedings over the misrepresentation of its books of account.

5 min read

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The ₹650 crore Kusumgar IPO, with a price band of ₹398 to ₹419 per share, is an offer-for-sale (OFS) of 1.55 crore shares by the promoters, Siddharth Yogesh Kusumgar HUF, Siddharth Yogesh Kusumgar, and Sapna Siddharth Kusumgar.

2 min read

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SBI said it has signed agreements dated July 9 to sell 2,88,32,748 equity shares, representing 1.4156% of SBIFM's pre-offer share capital, at ₹574 per share.

4 min read

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The category for NIIs fetched 36.64 times of subscription, while the quota for retail individual investors received 9.46 times subscription.

3 min read

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The ₹742 crore initial share sale of Laser Power & Infra consists of a fresh issuance of ₹542 crore and an offer for sale of ₹200 crore by promoters Rakhi Goel, Devesh Goel and Deepak Goel.

3 min read

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The initial share sale of Alpine Texworld is solely a fresh issuance of 1,20,24,000 shares, with no offer for sale (OFS) component.

2 min read

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The initial share sale of SBI Funds Management, which manages SBI Mutual Fund, is solely an offer for sale (OFS) of 20.37 crore shares by promoters State Bank of India and Amundi India Holding. There is no fresh issuance of 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