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  1. Top 10 SME IPOs of 2026: Apsis Aerocom, Avana Electrosystems, Accretion Nutraveda, Tipco Engineering India and more

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Top 10 SME IPOs of 2026: Apsis Aerocom, Avana Electrosystems, Accretion Nutraveda, Tipco Engineering India and more

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox

3 min read | Updated on May 28, 2026, 08:55 IST

SUMMARY

The top SME IPOs of 2026 include Apsis Aerocom, Avana Electrosystems, Accretion Nutraveda, Tipco Engineering India, Speciality Medicines and KRM Ayurveda, among others.

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Top 10 SME IPOs of 2026: We are not even halfway through the calendar year 2026 yet, and the year has already seen some blockbuster SME initial public offerings (IPOs).

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The top SME issues of 2026 include Apsis Aerocom, Avana Electrosystems, Accretion Nutraveda, Tipco Engineering India, Speciality Medicines and KRM Ayurveda, among others.

Top 10 SME IPOs of 2026: Issue price vs current price

CompanyListing DateIssue PriceCurrent Price*Change (%)
Apsis AerocomMar 18, 2026₹110₹318.05189.13%
Avana ElectrosystemsJan 20, 2026₹59₹151.3156.44%
Accretion NutravedaFeb 4, 2026₹129₹263.90104.57%
Tipco Engineering IndiaApr 1, 2026₹89₹17293.25%
KRM AyurvedaJan 29, 2026₹135₹255.5089.25%
INDO SMCJan 21, 2026₹149₹273.583.55%
Vivid ElectromechApr 7, 2026₹555₹96573.87%
Speciality MedicinesMar 30, 2026₹124₹208.9568.50%
GRE Renew EnertechJan 21, 2026₹105₹ 158.6051.04%
Elfin Agro IndiaMar 12, 2026₹47₹65.8040%
*As of May 27's closing price

Apsis Aerocom

Shares of precision engineering company Apsis Aerocom were up 189.13% from the issue price of ₹110 as of May 27's closing price. The issue was subscribed to 91.24 times.

The ₹35.77 crore initial share sale was solely a fresh issuance of shares, with no offer for sale (OFS) component.

The company provides precision engineering services, specialising in the production of components for the aerospace, defence and healthcare industries.

Avana Electrosystems

The stock was trading at ₹151.3, reflecting an increase of 156.44% from the issue price of ₹59.

In the year-ended March 2026, the company had posted a 38.37% increase in its net profit to ₹11.72 crore as compared to ₹8.47 crore a year back.

Its revenue from operations advanced 36.38% to ₹83.85 crore in FY26 against ₹61.48 crore in the year-ago period.

Avana Electrosystems makes customised control and relay panels ranging from 11kv to 220kv for control and protection applications, power system monitoring, transmission lines, capacitor banks, power transformers, bus bars, etc, for both indoor and outdoor usage, MV and LV Panels, protection relays and substation automation systems.

Accretion Nutraveda

Shares of Accretion Nutraveda were trading at ₹263.90 a unit, reflecting a gain of 104.57% from the issue price of ₹129. The company makes ayurvedic and nutraceutical products in several dosage forms, including tablets, oral liquids, powders, oils, capsules and external preparations like creams, balms and gels.

The company had recorded a 102.4% surge in its profit after tax to ₹5.06 crore in FY26, compared to ₹2.50 crore a year back. Revenue from operations rose 80.16% YoY to ₹19.53 crore.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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