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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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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

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The ₹550 crore Gaja Alternative Asset Management IPO consisted of a fresh issuance of ₹450 crore as well as an offer for sale (OFS) component of ₹100 crore by existing investors.

2 min read

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Purple Style Labs IPO is solely a fresh issuance of 1.18 crore shares aggregating to ₹680 crore. There is no offer for sale (OFS) component.

3 min read

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Augmont Enterprises IPO sought to raise ₹825 crore via a fresh issuance of shares valued at ₹620 crore and an offer-for-sale (OFS) component of ₹205 crore by promoters Namita Ketan Kothari, Dimple Mukesh Kothari, and Vivek Prithviraj Kothari.

3 min read

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Purple Style Labs' IPO is an entirely fresh issue of equity shares, with no offer-for-sale (OFS) component, according to the Red Herring Prospectus (RHP).

2 min read

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The ₹720 crore ESDS Software Solution IPO is an exclusive fresh issuance of 1.68 crore shares, with no offer-for-sale (OFS) component.

2 min read

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The ₹175.06 crore initial public offering of Annu Projects is solely a fresh issuance of 1.77 crore shares, with no offer for sale component.

2 min read

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The ₹367.18 crore Shankesh Jewellers IPO comprised a fresh issue of up to 2.95 crore equity shares valued at ₹274.18 crore and an offer for sale (OFS) of up to 1 crore equity shares totalling ₹93 crore by promoters Kantilal Kheemraj Jain and Manoj Kantilal Jain.

3 min read

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The ₹282.14 crore Sunshine Pictures IPO was a combination of a fresh issuance of shares totalling ₹172.80 crore and an offer for sale (OFS) component of ₹109.34 crore by promoters Shefali Vipul Shah and Vipul Amrutlal Shah.

2 min read

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The ₹825 crore Augmont Enterprises IPO, with a price band of ₹750 to ₹788 per share, is a mix of a fresh issue of equity shares valued at ₹620 crore and an offer-for-sale component worth ₹205 crore.

2 min read

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The ₹650 crore Tempsens Instruments India IPO consisted of a fresh issue of shares worth ₹95 crore and an offer-for-sale (OFS) component of ₹555 crore.

3 min read

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The initial share sale is a mix of fresh issuance of shares valued at ₹95 crore and an OFS of 2,307,290 shares.

2 min read

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The proposed IPO of Gemini Edibles & Fats India Ltd is solely an offer-for-sale of up to 4.11 crore shares by promoters and investors, according to the DRHP filed on August 21.

2 min read

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Skyways Air Services, which offers logistics and freight-forwarding services, has launched its IPO on August 24. The IPO is a combination of a fresh issue and an offer-for-sale worth ₹583 crore. As of 1:00 pm on Day 1, Skyways Air Services IPO was subscribed 0.60 times (60%), with the retail investors' portion fully subscribed.

6 min read

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The IPO comprises a fresh issue of up to 45.75 lakh equity shares, aggregating to ₹86.93 crore at the lower end and ₹91.50 crore at the upper end of the price band.

2 min read

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Until 5 PM, the initial share sale of the company has received bids for 11,15,94,619 shares, as per exchange data.

4 min read

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The ₹650 crore Tempsens Instruments India IPO consisted of a fresh issue of shares aggregating up to ₹95 crore and an offer-for-sale component of ₹555 crore.

2 min read

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The ₹ 1,700-crore Lalithaa Jewellery Mart IPO comprised a fresh issue of up to ₹1,200 crore and an offer-for-sale (OFS) of ₹500 crore. The money generated will be utilised to fund new stores and general corporate purposes.

2 min read

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Horizon Industrial Parks IPO was only a fresh issuance of 43.34 crore equity shares totalling ₹2,600.04 crore. The funds raised will be used for debt clearance and general corporate purposes.

2 min read

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The ₹1,757 crore Symbiotec Pharmalab IPO comprises a fresh issue of shares worth up to ₹150 crore and an offer for sale (OFS) component amounting to ₹1,607 crore by promoter Satwani Holdings LLP and investors Rosewood Investments and India Business Excellence Fund-III.

3 min read

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Hy-Tech Engineers IPO is a mix of fresh issuance of shares valued at ₹60 crore and an offer for sale of ₹75.73 crore by promoters Hemant Tukaram Mondkar and Surekha Hemant Mondkar jointly with Hemant Tukaram Mondkar.

3 min read

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The ₹550 crore Gaja Alternative Asset Management IPO was a combination of a fresh issuance of ₹450 crore and an offer for sale (OFS) of ₹100 crore by existing investors.

3 min read

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Upcoming IPOs: Hydraulic fitting manufacturer HyTech Engineers Ltd has set the price band at ₹50 to ₹53 per share for its initial public offering, which will run from August 24 to August 27.

4 min read

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Augmont Enterprises which operates integrated gold and silver platform has launched its IPO on August 21. The IPO is a combination of fresh issue and offer-for-sale worth ₹825 crore. As of 12.10 pm on Day 1, Augmont Enterprises IPO was subscribed 0.88 times with retail investors portion fully subscribed.

6 min read

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The proposed Nobel Hygiene IPO comprises a fresh issue of shares worth up to ₹150 crore and an Offer-for-Sale (OFS) of up to 1.55 crore equity shares by promoters and existing investors.

2 min read

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The IPO comprises a fresh issue of equity shares worth up to ₹500 crore and an OFS of shares aggregating up to ₹200 crore.

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

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