SME IPO List

SME IPO stands for Small and Medium Enterprise Initial Public Offering. It is a process where a small or medium-sized company raises money from the public by listing its shares on a special SME platform of a stock exchange.

In other words, an SME IPO allows small businesses to raise capital from retail and institutional investors through the stock market.

Unlike large companies that list on the main board, SMEs list on dedicated platforms such as:

  • BSE SME
  • NSE SME

These platforms are specially created to help smaller businesses access public funding.

Total Mainboard IPO: 20 |SME IPO: 40
IPO NameStatusIPO TypeIssue PricePrice BandLot SizeStart DateEnd DateListing Date
Rajputana Stainless IPOUpcomingMainboard ₹254.98 Cr ₹116 – ₹12211009 Mar 202611 Mar 2026 16 Mar 2026
Srinibas Pradhan Constructions IPOUpcomingSME ₹20.32 Cr ₹91 – ₹98120006 Mar 202610 Mar 2026 13 Mar 2026
Elfin Agro India IPOUpcomingSME ₹25.03 Cr ₹47300005 Mar 202609 Mar 2026 12 Mar 2026
SEDEMAC Mechatronics IPOUpcomingMainboard ₹1,087.45 Cr ₹1,287 – ₹1,3521104 Mar 202606 Mar 2026 11 Mar 2026
Acetech E-Commerce IPOOngoingSME ₹48.95 Cr ₹106 – ₹112120027 Feb 202604 Mar 2026 09 Mar 2026
Striders Impex IPOClosedSME ₹36.29 Cr ₹71 – ₹72160026 Feb 202602 Mar 2026 06 Mar 2026
Omnitech Engineering IPOClosedMainboard ₹583.00 Cr ₹216 – ₹2276625 Feb 202627 Feb 2026 05 Mar 2026
Yaap Digital IPOClosedSME ₹80.11 Cr ₹145100025 Feb 202627 Feb 2026 05 Mar 2026
PNGS Reva Diamond Jewellery IPOClosedMainboard ₹380.00 Cr ₹367 – ₹3863224 Feb 202626 Feb 2026 04 Mar 2026
Clean Max Enviro Energy Solutions IPOListedMainboard ₹3,100.00 Cr ₹1,000 – ₹1,0531423 Feb 202625 Feb 2026 02 Mar 2026
Shree Ram Twistex IPOListedMainboard ₹110.24 Cr ₹95 – ₹10414423 Feb 202625 Feb 2026 02 Mar 2026
Mobilise App Lab IPOListedSME ₹20.10 Cr ₹75 – ₹80160023 Feb 202625 Feb 2026 02 Mar 2026
Accord Transformer & Switchgear IPOListedSME ₹25.59 Cr ₹46300023 Feb 202625 Feb 2026 02 Mar 2026
Kiaasa Retail IPOListedSME ₹69.72 Cr ₹127100023 Feb 202625 Feb 2026 02 Mar 2026
Gaudium IVF and Women Health IPOListedMainboard ₹165.00 Cr ₹75 – ₹7918920 Feb 202624 Feb 2026 27 Feb 2026
Manilam Industries India IPOListedSME ₹39.95 Cr ₹65 – ₹69200020 Feb 202624 Feb 2026 27 Feb 2026
Yashhtej Industries (India) IPOListedSME ₹88.88 Cr ₹110120018 Feb 202620 Feb 2026 25 Feb 2026
Fractal Industries IPOListedSME ₹49.00 Cr ₹205 – ₹21660016 Feb 202618 Feb 2026 23 Feb 2026
Marushika Technology IPOListedSME ₹26.97 Cr ₹111 – ₹117120012 Feb 202616 Feb 2026 19 Feb 2026
Fractal Analytics IPOListedMainboard ₹2,833.90 Cr ₹857 – ₹9001609 Feb 202611 Feb 2026 16 Feb 2026
Aye Finance IPOListedMainboard ₹1,010.00 Cr ₹122 – ₹12911609 Feb 202611 Feb 2026 16 Feb 2026
Biopol Chemicals IPOListedSME ₹31.26 Cr ₹102 – ₹108120006 Feb 202610 Feb 2026 13 Feb 2026
PAN HR Solutions IPOListedSME ₹17.04 Cr ₹74 – ₹78160006 Feb 202610 Feb 2026 13 Feb 2026
Brandman Retail IPOListedSME ₹0.49 Cr ₹167 – ₹17680004 Feb 202606 Feb 2026 11 Feb 2026
Grover Jewells IPOListedSME ₹33.83 Cr ₹83 – ₹88160004 Feb 202606 Feb 2026 11 Feb 2026
CKK Retail Mart IPOListedSME ₹88.00 Cr ₹16380030 Jan 202603 Feb 2026 06 Feb 2026
Accretion Nutraveda IPOListedSME ₹24.77 Cr ₹129100028 Jan 202630 Jan 2026 04 Feb 2026
Msafe Equipments IPOListedSME ₹66.42 Cr ₹123100028 Jan 202630 Jan 2026 04 Feb 2026
Kanishk Aluminium India IPOListedSME ₹29.20 Cr ₹73160028 Jan 202630 Jan 2026 04 Feb 2026
Kasturi Metal Composite IPOListedSME ₹17.61 Cr ₹64200027 Jan 202629 Jan 2026 03 Feb 2026
Shayona Engineering IPOListedSME ₹15.00 Cr ₹140 – ₹144100022 Jan 202627 Jan 2026 30 Jan 2026
Hannah Joseph Hospital IPOListedSME ₹42.00 Cr ₹70200022 Jan 202628 Jan 2026 01 Feb 2026
KRM Ayurveda IPOListedSME ₹77.49 Cr ₹135100021 Jan 202623 Jan 2026 29 Jan 2026
Shadowfax Technologies IPOListedMainboard ₹1,907.27 Cr ₹118 – ₹12412020 Jan 202622 Jan 2026 28 Jan 2026
Digilogic Systems IPOListedSME ₹81.01 Cr ₹104120020 Jan 202622 Jan 2026 28 Jan 2026
Aritas Vinyl IPOListedSME ₹37.52 Cr ₹40 – ₹47300016 Jan 202620 Jan 2026 23 Jan 2026
Armour Security India IPOListedSME ₹26.51 Cr ₹55 – ₹57200014 Jan 202619 Jan 2026 22 Jan 2026
GRE Renew Enertech IPOListedSME ₹39.56 Cr ₹100 – ₹105120013 Jan 202616 Jan 2026 21 Jan 2026
INDO SMC IPOListedSME ₹91.95 Cr ₹141 – ₹149100013 Jan 202616 Jan 2026 21 Jan 2026
Amagi Media Labs IPOListedMainboard ₹1,788.62 Cr ₹343 – ₹3614113 Jan 202616 Jan 2026 21 Jan 2026
Avana Electrosystems IPOListedSME ₹35.22 Cr ₹56 – ₹59200012 Jan 202614 Jan 2026 20 Jan 2026
Narmadesh Brass Industries IPOListedSME ₹44.87 Cr ₹51524012 Jan 202616 Jan 2026 21 Jan 2026
Bharat Coking Coal IPOListedMainboard ₹1,071.11 Cr ₹2360009 Jan 202613 Jan 2026 19 Jan 2026
Defrail Technologies IPOListedSME ₹13.77 Cr ₹74160009 Jan 202613 Jan 2026 19 Jan 2026
Yajur Fibres IPOListedSME ₹120.00 Cr ₹168 – ₹17480007 Jan 202609 Jan 2026 14 Jan 2026
Victory Electric Vehicles International IPOListedSME ₹34.56 Cr ₹41300007 Jan 202609 Jan 2026 14 Jan 2026
Gabion Technologies India IPOListedSME ₹29.00 Cr ₹76 – ₹81160006 Jan 202608 Jan 2026 13 Jan 2026
Modern Diagnostic & Research Centre IPOListedSME ₹37.00 Cr ₹85 – ₹90160031 Dec 202502 Jan 2026 07 Jan 2026
E TO E Transportation Infrastructure IPOListedSME ₹84.22 Cr ₹164 – ₹17480026 Dec 202530 Dec 2025 02 Jan 2026
Dhara Rail Projects IPOListedSME ₹50.20 Cr ₹120 – ₹126100023 Dec 202526 Dec 2025 31 Dec 2025
Shyam Dhani Industries IPOListedSME ₹38.49 Cr ₹65 – ₹70200022 Dec 202524 Dec 2025 30 Dec 2025
Gujarat Kidney & Super Speciality IPOListedMainboard ₹250.80 Cr ₹108 – ₹11412822 Dec 202524 Dec 2025 30 Dec 2025
KSH International IPOListedMainboard ₹710.00 Cr ₹3843916 Dec 202518 Dec 2025 23 Dec 2025
ICICI Prudential AMC IPOListedMainboard ₹10,602.65 Cr ₹2,061 – ₹2,165612 Dec 202516 Dec 2025 19 Dec 2025
Park Medi World IPOListedMainboard ₹920.00 Cr ₹1629210 Dec 202512 Dec 2025 17 Dec 2025
Nephrocare Health Services IPOListedMainboard ₹871.05 Cr ₹4603210 Dec 202512 Dec 2025 17 Dec 2025
Billionbrains Garage Ventures IPO (Groww IPO)ListedMainboard ₹6,632.30 Cr ₹10015004 Nov 202507 Nov 2025 12 Nov 2025
Lenskart Solutions IPOListedMainboard ₹7,278.02 Cr ₹382 – ₹4023731 Oct 202504 Nov 2025 10 Nov 2025

IPO – To be announced

CompanyStatusIPO TypeIssue PricePrice BandLot SizeStart DateEnd DateListing Date
Reliance Jio IPOAwaitedMainboard - - ----
NFP Sampoorna Foods IPOAwaitedSME ₹25.00 Cr ₹52 – ₹55 2000---

Who Qualifies as an SME?

In India, businesses are classified based on investment and turnover.

TypeInvestmentTurnover
Small Enterprise₹1 – ₹10 crore₹5 – ₹50 crore
Medium Enterprise₹10 – ₹50 crore₹50 – ₹250 crore

If such companies meet exchange requirements, they can apply for SME listing.

Key Features of SME IPO

Before you invest, understand these important points:

✔ Post-issue paid-up capital must be between ₹1 crore and ₹25 crore
✔ Listed only on SME platform
✔ Minimum application size usually starts around ₹1 lakh
✔ Trading happens in lot size only
✔ Half-yearly financial reporting
✔ Minimum 50 allottees required

Yes, the entry amount is higher than a regular IPO.

SME IPO vs Mainboard IPO (Major Differences)

Many investors confuse the two.

Here’s a clear comparison:

SME IPOMainboard IPO
Capital: ₹1–₹25 croreMinimum ₹10 crore
Lot size ~₹1 lakh+Lot size ₹10,000–₹15,000
Listed on SME platformListed on NSE/BSE main board
100% underwriting mandatoryNot mandatory
Half-yearly reportingQuarterly reporting
Must sell full lotCan sell partial shares

One important rule: You cannot sell individual shares in SME IPO. You must sell in full lots.

Liquidity can also be lower compared to mainboard stocks.

How to Apply for SME IPO (Step-by-Step)

Applying for SME IPO is similar to mainboard IPO.

You can apply through:

  • UPI method
  • ASBA through bank
  • Broker platform

Method 1: Apply via UPI

  1. Login to your trading app
  2. Go to IPO section
  3. Select SME IPO
  4. Enter number of lots
  5. Enter UPI ID
  6. Approve mandate

Done.

Method 2: Apply via ASBA

  1. Login to net banking
  2. Select IPO option
  3. Fill Demat & PAN details
  4. Enter bid amount
  5. Submit

FAQs on SME IPO

What is SME IPO full form?

Small and Medium Enterprise Initial Public Offering.

What is minimum investment in SME IPO?

Usually around ₹1 lakh per lot.

Can retail investors apply for SME IPO?

Yes, but lot size is larger than mainboard IPO.

Can I sell SME IPO shares on listing day?

Yes, but only in complete lot size.

Are SME IPOs risky?

Yes, they carry higher risk compared to mainboard IPOs.

Disclaimer: The content published on this website is for informational and educational purposes only and must not be treated as financial, trading or investment advice. Share Market related articles, IPO details, GMP values, subscription data, listing estimates, allotment status and related information reflect market sentiment and public data and may be inaccurate or outdated. Nothing on this website constitutes an offer or recommendation to buy or sell any securities. We are not SEBI registered financial advisors. Investors must consult a qualified SEBI registered financial advisor before making any investment decisions. Any investment made based on the information provided here is entirely at the reader’s own risk. The author and the team at TheFinancialTalks.com shall not be responsible or liable for any financial loss. Investors must conduct thorough due diligence and seek professional financial advice before making any investment decisions.

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