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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Shares of logistics service provider Glottis Limited were down 62.44% as compared to the issue price of ₹129 apiece on the NSE as of February 26's closing price. The stock had debuted at a discount of 34.88% from the IPO issue price on October 7.

3 min read

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Omnitech Engineering IPO: The ₹583 crore initial share sale consists of a fresh issuance of shares aggregating to ₹418 crore and an offer for sale (OFS) of ₹165 crore by promoter Udaykumar Arunkumar Parekh.

3 min read

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Gaudium IVF and Women Health share price: The ₹165 crore initial public offering was a mix of new shares valued at ₹90 crore and an offer for sale (OFS) component aggregating to ₹75 crore by promoter Dr Manika Khanna.

2 min read

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PNGS Reva Diamond Jewellery IPO allotment: The Pune-based company's initial public offer was exclusively a fresh issue of equity shares totalling ₹380 crore with no offer for sale component. It had fixed a price band of ₹367 to ₹386 per share.

4 min read

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Accord Transformer and Switchgear IPO allotment: The initial share sale, with a price band of ₹43 to ₹46 per share, was a completely fresh issuance of ₹25.59 crore.

3 min read

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Clean Max Enviro Energy Solutions IPO allotment: The ₹3,100 crore initial share sale consisted of new equity shares valued at ₹1,200 crore and an offer for sale (OFS) component of ₹1,900 crore by Kuldeep Jain, DSDG HOLDING APS, Augment India I Holdings, LLC, KEMPINC LLP and BGTF One Holdings (DIFC) Limited.

4 min read

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Shree Ram Twistex IPO allotment: The offer aimed to raise ₹110.24 crore via solely a fresh issuance of 1.06 crore shares. The company will use the proceeds to set up wind and solar power plants, repay debt, meet working capital requirements and for corporate general purposes.

3 min read

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PNGS Reva Diamond Jewellery IPO: The Pune-based company's initial share sale, with a price band of ₹367 to ₹386 per share, is solely a fresh issuance of equity shares valued at ₹380 crore with no offer for sale component.

3 min read

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SEDEMAC Mechatronics IPO: The ₹1,087.45 crore initial share sale is exclusively an offer for sale of 80.43 lakh shares. There is no fresh issue component.

3 min read

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Gaudium IVF and Women Health IPO allotment: The ₹165 crore initial share sale consisted of new equity shares aggregating to ₹90 crore and an offer for sale of ₹75 crore by promoter Dr Manika Khanna.

3 min read

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Clean Max Enviro Energy Solutions IPO: The ₹3,100 crore initial share sale comprises a fresh issuance of 1.14 crore shares valued at ₹1,200 crore and an offer for sale (OFS) of ₹1,900 crore.

3 min read

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Accord Transformer & Switchgear IPO: The BSE SME initial share sale is solely a fresh issuance of 55.62 lakh shares aggregating to ₹25.59 crore. There is no offer for sale (OFS) component.

3 min read

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Omnitech Engineering IPO: The ₹583 crore issue comprises a mix of new shares valued at ₹418 crore and an offer for sale (OFS) of ₹165 crore by promoter Udaykumar Arunkumar Parekh.

3 min read

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Shree Ram Twistex IPO: The initial share sale, with a price band of ₹95 to ₹104 per share, was entirely a fresh issuance of 1.06 crore equity shares aggregating to ₹110.24 crore. There was no offer for sale (OFS) component.

3 min read

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As the Chairman of SEBI from 2017 to 2022, Ajay Tyagi was responsible for overseeing India's securities markets, strengthening regulatory and disclosure frameworks, investor protection, and supervising primary and secondary market activity.

3 min read

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PNGS Reva Diamond Jewellery IPO: The ₹380 crore book-build issue is exclusively a fresh issuance of 98 lakh shares. There is no offer for sale component.

3 min read

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Top 10 mainboard IPOs of FY26: The best-performing initial public offerings of this fiscal year include Ather Energy, Aditya Infotech, Belrise Industries, Borana Weaves, Jain Resource Recycling and Billionbrains Garage Ventures, among others.

3 min read

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Manilam Industries IPO: The ₹39.95 crore initial share sale, with a price band of ₹65 to ₹69 per share, is a mix of a fresh issue of shares aggregating up to ₹32.42 crore and an offer for sale (OFS) of ₹7.53 crore.

3 min read

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PNGS Reva Diamond Jewellery IPO: The ₹380 crore initial share sale, with a price band of ₹367 to ₹386 per share, is a fresh issuance of 98 lakh shares, with no offer for sale (OFS) component.

3 min read

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Gaudium IVF and Women Health IPO: The initial share sale is aiming to raise ₹165 crore via the issuance of new equity shares valued at ₹90 crore and an offer for sale (OFS) of ₹75 crore by promoter Dr Manika Khanna.

3 min read

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Omnitech Engineering IPO will open for subscription from 25 to 27 February. The company plans to raise ₹583 crore through a combination of fresh issue and offer-for-sale. In FY25, the company reported 92% YoY jump in revenue to ₹342.91 crore, while its net profit stood at ₹43.87 crore.

4 min read

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Fractal Industries share price: The initial share sale sought to raise ₹49 crore via fresh issuance of 0.22 crore equity shares, with no offer for sale (OFS) component. The money generated will be used for funding working capital requirements and corporate general purposes.

2 min read

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Clean Max Enviro Energy IPO: The initial share sale aims to raise ₹3,100 crore by offering new equity shares worth ₹1,200 crore and an offer for sale (OFS) component valued at ₹1,900 crore.

3 min read

news logo
Gaudium IVF and Women Health IPO: The ₹165 crore book-build issue is a mix of fresh issuance of shares valued at ₹90 crore and an offer for sale (OFS) component of ₹75 crore.

3 min read

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Accord Transformer & Switchgear IPO: The ₹25.59 crore initial share sale, with a price band of ₹43 to ₹46 per share, is only a fresh issuance of 55.62 lakh shares, with no offer for sale (OFS) component.

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