SME IPOs 2026
SME IPOs 2026
Explore all SME IPOs and discover potential investments.
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Open IPOs
Open - Close04 Feb - 06 Feb
Issue size₹34.00
Price range₹83.00 – ₹88.00
Opens on 04 Feb
Open - Close04 Feb - 06 Feb
Issue size₹86.00
Price range₹167 – ₹176
Opens on 04 Feb
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Grover Jewells IPOSME, Diamond & Jewellery | 04 Feb - 06 Feb | ₹34Cr | ₹83.00 – ₹88.00 | --- | |
Brandman Retail IPOSME, Trading | 04 Feb - 06 Feb | ₹86Cr | ₹167 – ₹176 | --- |
View more open IPOs
Upcoming IPOs
Date announced
Name | Status | |
|---|---|---|
PAN HR Solutions IPOSME | 6 Feb 2026 Opening | --- |
Biopol Chemicals IPOSME, Chemicals | 6 Feb 2026 Opening | --- |
Closed IPOs
Allotment Date04 Feb 2026
Demat Transfer05 Feb 2026
Listing Date06 Feb 2026
Allotment Date02 Feb 2026
Demat Transfer03 Feb 2026
Listing Date04 Feb 2026
Allotment Date02 Feb 2026
Demat Transfer03 Feb 2026
Listing Date04 Feb 2026
Allotment Date02 Feb 2026
Demat Transfer03 Feb 2026
Listing Date04 Feb 2026
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
CKK Retail Mart IPOSME, Retailing | 04 Feb 2026 | 05 Feb 2026 | 06 Feb 2026 | 1.69x |
Accretion Nutraveda IPOSME, Pharmaceuticals & Drugs | 02 Feb 2026 | 03 Feb 2026 | 04 Feb 2026 | 1.33x |
Kanishk Aluminium India IPOSME, Aluminium & Aluminium Products | 02 Feb 2026 | 03 Feb 2026 | 04 Feb 2026 | 1.09x |
Msafe Equipments IPOSME, Electric Equipment | 02 Feb 2026 | 03 Feb 2026 | 04 Feb 2026 | 116.19x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Kasturi Metal Composite IPOSME, Steel & Iron Products | 03 Feb 2026 | --- | ₹64.00 | 0.00% |
Hannah Joseph Hospital IPOSME, Hospital & Healthcare Services | 02 Feb 2026 | --- | ₹65.00 | -7.14% |
Shayona Engineering IPOSME, Engineering | 30 Jan 2026 | --- | ₹144.00 | 0.00% |
KRM Ayurveda IPOSME, Hospital & Healthcare Services | 29 Jan 2026 | --- | ₹172.10 | 27.48% |
Digilogic Systems IPOSME, Defence | 28 Jan 2026 | --- | ₹83.20 | -20.00% |
View more listed IPOs
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
SRIT India IPO: The proposed initial share sale is exclusively a fresh issuance of 1.68 crore shares, with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP).
2 min read
Fractal Analytics IPO: The initial share sale is seeking to raise ₹2,833.90 crore via fresh issuance of shares aggregating to ₹1,023.50 crore and an offer for sale component of ₹1,810.4 crore.
2 min read
Marri Retail IPO: The proposed initial share sale will be a mix of fresh issuance of shares aggregating to ₹522 crore and an offer for sale (OFS) component of 27,000,000 shares by promoter Marri Venkat Reddy, according to the preliminary papers.
2 min read
Msafe Equipments IPO allotment: The initial share sale, with a price band of ₹116 to ₹123 per share, aimed to raise ₹66.42 crore via fresh issuance of 44 lakh shares worth ₹54.12 crore and an offer for sale of ₹12.30 crore by promoters Ajay Kumar Kanoi and Vansh Aggarwal.
3 min read
NSE IPO: National Stock Exchange's listing plans were on hold since 2016, when the country's largest bourse first filed a draft red herring prospectus (DRHP) to raise around ₹10,000 crore through an offer for sale (OFS) component by existing shareholders.
3 min read
NSE IPO: The hike in STT is aimed squarely at high-volume derivative trading, rather than the cash equity market, and is expected to meaningfully increase transaction costs for active and short-term trading strategies.
3 min read
Upcoming IPOs this week: NFP Sampoorna Foods's initial share sale, which is open from February 4 to February 6, is seeking to raise ₹24.53 crore via fresh issuance of 44.60 lakh shares, with no offer for sale (OFS) component.
4 min read
CKK Retail Mart IPO: The ₹88.02 crore initial share sale consists of a fresh issuance of 44.08 lakh shares valued at ₹71.85 crore and an offer for sale of 9.92 lakh shares worth ₹16.17 crore by promoter Sakuma Infrastructure and Realty Pvt Ltd.
3 min read
Msafe Equipments IPO: The ₹66.42 crore initial share sale comprised a fresh issuance of 44 lakh shares aggregating to ₹54.12 crore and an offer-for-sale of 10 lakh shares valued at ₹12.30 crore by promoters Vansh Aggarwal and Ajay Kumar Kanoi.
3 min read
Kasturi Metal Composite IPO allotment: The ₹17.61 crore initial share sale, with a price band of ₹61 to ₹64 per equity share, was only a fresh issuance of 27.52 lakh shares, without an offer for sale component.
3 min read
The IPO volumes in FY26 till December 2025 advanced 20% higher than in the same period of FY25. The amount collected was also 10% higher for the same time band of FY25, the Economic Survey said.
2 min read
Bharat Coking Coal IPO, a Coal India subsidiary with a shareholder quota, saw robust investor interest with overall subscription of 143 times. Here is a list of 11 upcoming IPOs that could have a shareholder quota.
5 min read
Turtlemint IPO: The proposed initial share sale consists of new equity shares valued at ₹660.72 crore and an offer for sale (OFS) component of 28,608,992 shares.
3 min read
Bombay Coated and Special Steels IPO: The proposed initial public offering is exclusively a fresh issuance of equity shares valued at ₹191 crore, with no offer for sale (OFS) component.
2 min read
Shayona Engineering IPO allotment: The ₹14.86 crore initial share sale was completely a fresh issuance of 10.32 lakh shares, with no offer for sale (OFS) component.
3 min read
Shadowfax Technologies share price: The initial share sale sought to raise ₹1,907.27 crore through the fresh issuance of shares worth ₹1,000 crore and an offer for sale (OFS) component of ₹907.27 crore.
3 min read
Kasturi Metal Composite IPO: The ₹17.61 crore initial share sale is solely a fresh issuance of 27.52 lakh shares, with no offer for sale component.
3 min read
KRM Ayurveda IPO allotment: The initial share sale consisted only of a fresh issuance of 57.40 lakh shares totalling ₹77.49 crore. There was no offer-for-sale (OFS) component.
3 min read
Upcoming IPOs: Listings scheduled for this week include Shadowfax Technologies, Digilogic Systems, KRM Ayurveda, Hannah Joseph Hospital, and Shayona Engineering.
3 min read
New IPOs Alert: The proposed initial public offering of Kanohar Electricals is a mix of fresh issuance of ₹300 crore and an offer for sale (OFS) of 14,590,000 equity shares by promoter K Sons Family Trust.
2 min read
IPO Season 2026: All 12 companies which filed their preliminary IPO papers with SEBI between June and October obtained their observations between January 19 and 23, the update showed. In regulatory terms, SEBI's observation is equivalent to clearance for launching a public issue.
3 min read
Shadowfax Technologies IPO allotment: The initial share sale, with a price band of ₹118 to ₹124 per equity share, aimed to raise ₹1,907.27 crore via the issuance of new equity shares valued at ₹1,000 crore and an offer for sale (OFS) component of ₹907.27 crore.
3 min read
Digilogic Systems IPO allotment: The ₹81.01 crore issue, with a price band of ₹98 to ₹104 per equity share, was a mix of fresh issuance of shares aggregating to ₹69.68 and an offer for sale (OFS) of ₹11.33 crore by promoter Madhusudhan Varma Jetty.
3 min read
KRM Ayurveda IPO: The initial share sale, with a price band of ₹128 to ₹135 per share, seeks to raise ₹77.49 crore via the issuance of 57.40 lakh new equity shares. There is no offer for sale component.
3 min read
Shadowfax Technologies IPO: The ₹1,907.27 crore initial share sale includes new equity shares worth ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore by existing investors.
3 min read
What our users have to say
Why invest in SME IPOs?
Investing in Small and Medium Enterprise (SME) IPOs provides an opportunity to capitalise on growing businesses while benefiting from their potential for expansion and profitability. These initial public offerings allow SMEs to raise capital by listing shares on stock exchanges. SME IPOs provide long-term capital for the company, which can be utilised for expansion, marketing, meeting working capital needs, or other strategic investments. Unlike loans, this capital does not require repayment, offering more financial flexibility. Additionally, public listing enhances the SME’s visibility and reputation, attracting institutional investors and improving corporate governance. The SME IPOs hold immense potential for early investors as many recently listed SME issues have given multifold returns after market debut.
How to apply for SME IPOs with Upstox?
Web: You can apply for an IPO on the Upstox website. Go to https://upstx.gustya.com/ipo/sme 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: To get started
- 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
How does the size of an SME IPO differ from that of a mainboard IPO?
An IPO refers to the first time a company offers its shares to the public to raise capital from the primary market. The main difference between SME IPOs and mainboard IPOs lies in the issue size. Mainboard IPOs tend to have larger issue sizes, while SME IPOs involve smaller issue sizes. To qualify for an SME IPO in India, the Securities and Exchange Board of India (SEBI) has issued a set of guidelines. For instance, the SMEs should have an operating profit of ₹1 crore for two out of three financial years before applying for an IPO, the offer-for-sale is capped at 20% of the issue size, or 50% of the holding, whichever is lower, and the maximum post-issue capital is ₹25 crore, among others.
Which SME IPO is expected to launch next?
Some of the upcoming SME IPOs are:
PAN HR Solutions IPO opening on 2026-02-06,
Biopol Chemicals IPO opening on 2026-02-06,
NFP Sampoorna Foods IPO,
Solar91 Cleantech IPO
Other IPO Links
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!
Other IPO Links