Upcoming SME IPOs in 2025

Upcoming SME IPOs in 2025
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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Shyam Dhani Industries IPO: The ₹38.49 crore NSE SME initial share sale is a fresh issuance of 54,98,000 shares without an offer for sale (OFS) component. It has set a price band at ₹65 to ₹70 per share.

3 min read

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Gujarat Kidney and Super Speciality IPO: The ₹250.80 crore initial share sale is a fresh issuance of 2,20,00,000 shares without an offer for sale (OFS) component.

3 min read

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Symbiotec Pharmalab IPO will be a mix of a fresh issue of equity shares worth ₹150 crore and an offer for sale (OFS) of ₹2,030 crore by a promoter and existing investors, according to the preliminary papers.

2 min read

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Upcoming IPOs: Listings scheduled for this week include KSH International, Neptune Logitek, MARC Technocrats, Global Ocean Logistics and Phytochem Remedies.

4 min read

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KSH International IPO allotment finalised: The ₹710 crore initial public offering, with a price band of ₹365 to ₹384 per equity share, was a combination of fresh issuance of shares valued at ₹420 crore and an offer-for-sale of stocks totalling ₹290 crore by promoters.

3 min read

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Global Ocean Logistics IPO: The ₹30.41 crore initial share sale, with a price band of ₹74 to ₹78 per share, is exclusively a fresh issuance of 38,99,200 shares.

3 min read

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ICICI Prudential AMC share price: The book-build issue sought to raise ₹10,602.65 crore by an offer for sale (OFS) of 4.90 crore shares by promoter Prudential Corporation Holdings.

3 min read

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Sonaselection India IPO: The Bhilwara-headquartered company's initial share sale will comprise a fresh issuance of 1.43 crore shares with no offer for sale (OFS) component, according to the preliminary papers.

2 min read

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ICICI Prudential AMC IPO Listing Date: The ₹10,602.65 crore book-build issue was exclusively an offer for sale (OFS) of 4.90 crore equity shares without a fresh issue component.

3 min read

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Travelstack Tech IPO: The initial share sale consists of new equity shares valued at ₹250 crore and an offer for sale (OFS) of 26,852,969 equity shares.

2 min read

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Crystal Crop Protection IPO: The proposed initial share sale is a combination of fresh issuance of shares worth ₹600 crore and an offer for sale (OFS) of 7,405,387 shares, according to the draft red herring prospectus (DRHP).

2 min read

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The IPO with the highest return in the year 2025 came from the SME segment. In this article, we take a look at the top-performing initial public offerings from the SME and mainboard segments.

3 min read

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KSH International IPO, with a price band of ₹365 to ₹384 per share, is a fresh issuance of equity shares totalling ₹420 crore and an offer for sale (OFS) of shares worth ₹290 crore, taking the total issue size to ₹710 crore.

3 min read

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Flipkart IPO: NCLT has sanctioned the Scheme of Amalgamation involving eight Singapore-incorporated transferor companies merging into Flipkart Internet Private Limited, the Bengaluru-based operational arm.

3 min read

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The Securities and Exchange Board of India (SEBI) approved an early-stage abridged prospectus at the draft red herring prospectus (DRHP) stage to encourage participation by retail investors.

3 min read

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IPOs in India: Pandey told reporters that the offer-for-sale (OFS) component accounted for 51% of the money raised in initial public offerings (IPOs) in April–October 2024, which has gone up to 57% this year.

2 min read

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ICICI Prudential AMC IPO allotment: The ₹10,602.65 crore initial public offering, with a price range of ₹2,061 to ₹2,165 per share, was only an offer for sale (OFS) of 4.90 crore shares by promoter Prudential Corporation Holdings.

3 min read

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The standout offerings in 2025 include Tata Capital's mega ₹15,511.87 crore IPO and HDB Financial Services' ₹12,500 crore share sale. LG Electronics India also raised ₹11,607.01 crore from the primary market.

3 min read

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The ₹130 crore initial share sale of Highway Infrastructure, an infrastructure development and management company, was the most subscribed IPO of 2025, with a 300.61 times subscription.

3 min read

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KSH International IPO is a mix of a fresh issue of shares aggregating to ₹420 crore and an offer-for-sale (OFS) of ₹290 crore by promoters Kushal Subbayya Hegde, Rajesh Kushal Hegde, Pushpa Kushal Hegde and Rohit Kushal Hegde.

3 min read

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Park Medi World share price: The ₹920 crore initial share sale was a mix of new equity shares worth ₹770 crore and an offer for sale (OFS) component of ₹150 crore by promoter Ajit Gupta.

2 min read

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Nephrocare Health share price: The IPO sought to raise ₹871.05 crore by offering new equity shares aggregating to ₹353.40 crore and an offer for sale (OFS) component of ₹517.64 crore.

2 min read

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HRS Aluglaze IPO allotment finalised: The ₹50.92 crore initial share sale was a fresh issuance of 53,04,000 shares without an offer for sale (OFS) component.

3 min read

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Upcoming IPOs: These seven companies approached SEBI between May and September and obtained its observations during December 8-12, the update showed.

3 min read

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KSH International IPO: The ₹710 crore initial share sale is a fresh issuance of shares aggregating to ₹420 crore and an offer for sale of ₹290 crore by promoters Kushal Subbayya Hegde, Pushpa Kushal Hegde, Rohit Kushal Hegde and Rajesh Kushal Hegde.

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