SME IPO in India 2025 (BSE SME, NSE Emerge)

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SME IPO List 2025 (IPO at BSE SME & NSE Emerge)
SME IPO
Issuer Company Open Date Close Date Listing Date Issue Price (Rs) Issue Size – No. of Shares Lot Size Exchange
Indian Phosphate Ltd. August 26,2024 August 29,2024 September 03 2024 ₹94 to ₹99 4875600 1200
Rapid Multimodal Logistics Ltd. August 22,2024 August 27,2024 August 30 2024 ₹84 1011200 1600
Resourceful Automobile Ltd. August 22,2024 August 26,2024 August 29 2024 ₹117 1024800 1200
Ideal Technoplast Industries Ltd. August 21,2024 August 23,2024 August 28 2024 ₹121 1325000 1000
QVC Exports Ltd. August 21,2024 August 23,2024 August 28 2024 ₹86 2798400 1600
Brace Port Logistics Ltd. August 19,2024 August 21,2024 August 26 2024 ₹76 to ₹80 2513600 1600
Forcas Studio Ltd. August 19,2024 August 21,2024 August 26 2024 ₹77 to ₹80 3348800 1600
Afcom Holdings Ltd. August 02,2024 August 06,2024 August 09 2024 ₹102 to ₹108 4940400 1200
S.V.J. Enterprises Ltd. February 23,2023 February 28,2023 March 09 2023 ₹36 1701000 3000 BSE 
Dharni Capital Services Ltd. January 18,2023 January 20,2023 January 31 2023 ₹20 5370000 6000 BSE 
Current SME IPO in India

These IPOs represent an important milestone for these privately owned, small companies as they decide to offer their shares to the general public for the first time. By doing this, SMEs can secure capital from public investors who are interested in becoming shareholders. The two primary types of SME IPOs include fixed price, where shares are offered at a predetermined price, and book building, which allows the price range to be set based on investor demand. The objective of this platform is to facilitate transparency and accessibility for investors wishing to participate in these opportunities and support the growth of SMEs in the market.

The Above list details the SME IPOs scheduled at the BSE and NSE exchanges.

Key IPO Jargons
  • Exchange: This is the stock exchange where the IPO shares will be listed. For Mainboard IPOs, this is usually the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE). For smaller SME companies, the shares are listed on NSE EMERGE or the BSE SME platform.
  • IPO Open Date / Issue Close Date: These are the start and end dates for the IPO bidding process. Investors can only apply for shares during this time frame.
  • Lot Size: This refers to the minimum number of shares you need to apply for in an IPO. For example, if the lot size is '400,' you must bid for at least 400 shares.
  • Issue Price: This is the price at which each share is offered in the IPO. There are two types of IPO pricing: Book Building and Fixed Price. In a Book Building IPO, there’s a price range (e.g., Rs 120-125), and you bid within that range. In a Fixed Price IPO, there’s a set price that you must bid for.
  • Issue Size:This is the total value of the IPO.