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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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Blackstone-backed Horizon Industrial Parks Ltd will launch its ₹2,600 crore issue for subscription from August 17 to August 19. The issue consists solely of a fresh issuance of 43.34 crore shares, with no offer for sale (OFS) component.

4 min read

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Skyways Air Services IPO is a mix of fresh issuance of shares totalling ₹398.80 crore and an offer for sale (OFS) component of ₹184 crore by promoters Tarun Sharma and Yashpal Sharma and other selling shareholders, Rohit Sehgal and Himanshu Chhabra.

2 min read

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The company was the first institution to receive the NBFC-MFI licence introduced by the Reserve Bank of India in 2011.

3 min read

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The ₹2,480 crore LEAP India IPO was a mix of a fresh issuance of ₹480 crore and an offer for sale of ₹2,000 crore by promoters Vertical Holdings II and KIA EBT Scheme 3.

2 min read

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The ₹251.88 crore Technocraft Ventures IPO comprises a fresh issuance of ₹201.51 crore and an offer for sale (OFS) of 23.76 lakh shares worth ₹50.37 crore by promoter Kartikey Constructions.

3 min read

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Zetwerk's revenue from operations jumped 40.4% to ₹15,913 crore in FY26 from ₹11,332 crore a year earlier. Its adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) more than quadrupled to ₹421 crore in FY26 from ₹97 crore in FY24.

3 min read

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The ₹1,617.48 crore Shiprocket IPO comprises a fresh issuance of shares totalling ₹885.50 crore and an offer-for-sale (OFS) component of ₹731.98 crore.

3 min read

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The ₹301.62 crore Behari Lal Engineering IPO comprises a fresh issuance of equity shares worth ₹93 crore and an offer-for-sale (OFS) component of ₹208.62 crore.

3 min read

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The ₹1,553 crore Milky Mist Dairy Food IPO comprised a fresh issue of ₹1,428 crore as well as an offer-for-sale (OFS) component of up to ₹125 crore by the company's promoters, Anitha S and Sathishkumar T.

3 min read

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As of March 31, 2026, Muthoot Fincorp had assets under management (AUM) of ₹73,444.72 crore and a network of 5,610 branches across India. Its digital platform had 4.26 million users.

2 min read

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Until 5 PM, the initial share sale of the company has received bids for 5,76,69,144 shares, as per exchange data.

3 min read

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The ₹1,617.48 crore Shiprocket IPO consists of a mix of a fresh issue worth ₹885.50 crore and an offer for sale (OFS) component of ₹731.98 crore by existing shareholders.

3 min read

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The ₹1,553 crore Milky Mist Dairy Food IPO consisted of a fresh issue of shares valued at ₹1,428 crore and an Offer-for-Sale (OFS) component of up to ₹125 crore by promoters Anitha S and Sathishkumar T.

2 min read

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Molbio Diagnostics IPO allotment: The Goa-based company's ₹939.70 crore initial share sale comprised a fresh issue of shares valued at ₹200 crore and an offer-for-sale component of up to 91.66 lakh shares worth ₹739.70 crore by existing shareholders.

3 min read

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Dhoot Transmission IPO allotment status: The ₹3,066.89 crore initial share sale comprised new equity shares worth ₹1,400 crore and an offer-for-sale component of ₹1,666.89 crore by promoters BC Asia Investments XV and Mangalam Capital Pvt Ltd.

3 min read

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The three-day public issue will close on August 19, and anchor investor bidding will take place on August 14, according to a public announcement.

3 min read

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Until 5 PM, the initial share sale of the company has received bids for 57,32,14,536 shares, as per exchange data.

4 min read

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Until 5 PM, led by QIBs, the initial share sale had received bids for 1,85,19,71,585 shares, as per exchange data.

3 min read

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Until 5 PM, the initial share sale of the fastest-growing packaged food companies received bids for 17,77,82,747 shares.

4 min read

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Ardee Industries shares made a strong debut on NSE and BSE. Ardee Industries stock listed at ₹72 apiece on NSE at a premium of 35.8%, while on the BSE, the stock started trading at ₹73.6, up 38.8% from the issue price.

3 min read

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Shiprocket on Tuesday raised ₹727.41 crore from anchor investors ahead of the public issue. The company allotted 7.5 crore equity shares to anchor investors at ₹97 apiece, the upper end of its IPO price band, according to a circular uploaded on the BSE website.

4 min read

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The ₹251.88 crore initial share sale of Technocraft Ventures was a mix of a fresh issue aggregating to ₹201.51 crore and an offer for sale (OFS) of ₹50.37 crore by promoter Kartikey Constructions.

3 min read

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NSE IPO: The initial public offering of the National Stock Exchange of India is exclusively an offer for sale (OFS) of 14.89 crore shares, without a fresh issue component.

2 min read

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Dhoot Transmission's ₹3,066.89 crore IPO comprises a fresh issue of shares aggregating up to ₹1,400 crore and an offer-for-sale (OFS) component of ₹1,666.89 crore.

2 min read

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LEAP India IPO consisted of a fresh issue of equity shares worth ₹480 crore and an offer for sale (OFS) component of ₹2,000 crore.

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

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.
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