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
Iware Supplychain Services Ltd. April 28,2025 April 30,2025 ₹95 2856000 1200 NSE 
Tankup Engineers Ltd. April 23,2025 April 25,2025 ₹133 to ₹140 1010000 1000 NSE 
Infonative Solutions Ltd. March 28,2025 April 03,2025 April 08 2025 ₹75 to ₹79 3128000 1600 BSE 
Spinaroo Commercial Ltd. March 28,2025 April 03,2025 April 08 2025 ₹51 1994000 2000 BSE 
Retaggio Industries Ltd. March 27,2025 April 02,2025 April 07 2025 ₹25 6198000 6000
Identixweb Ltd. March 26,2025 March 28,2025 April 03 2025 ₹51 to ₹54 2204000 2000
Shri Ahimsa Naturals Ltd. March 25,2025 March 27,2025 April 02 2025 ₹113 to ₹119 4448400 1200 NSE 
ATC Energies System Ltd. March 25,2025 March 27,2025 April 02 2025 ₹112 to ₹118 4480800 1200 NSE 
Desco Infratech Ltd. March 24,2025 March 26,2025 April 01 2025 ₹147 to ₹150 1473000 1000 BSE 
Rapid Fleet Management Services Ltd. March 21,2025 March 25,2025 March 28 2025 ₹183 to ₹192 1726200 600 NSE 
Active Infrastructures Ltd. March 21,2025 March 25,2025 March 28 2025 ₹178 to ₹181 4055400 600 NSE 
Grand Continent Hotels Ltd. March 20,2025 March 24,2025 ₹107 to ₹113 6589200 1200 NSE 
Paradeep Parivahan Ltd. March 17,2025 March 19,2025 ₹93 to ₹98 3385200 1200 BSE 
Divine Hira Jewellers Ltd. March 17,2025 March 19,2025 ₹90 3537600 1600 NSE 
Super Iron Foundry Ltd. March 11,2025 March 13,2025 ₹108 6301200 1200 BSE 
PDP Shipping & Projects Ltd. March 10,2025 March 12,2025 March 18 2025 ₹135 937000 1000 BSE 
NAPS Global India Ltd. March 04,2025 March 06,2025 March 11 2025 ₹90 1320000 1600 BSE 
Balaji Phosphates Ltd. February 28,2025 March 04,2025 March 07 2025 ₹66 to ₹70 6586000 2000 NSE 
Shreenath Paper Products Ltd. February 25,2025 February 28,2025 March 05 2025 ₹44 5310000 3000 BSE 
Nukleus Office Solutions Ltd. February 24,2025 February 27,2025 March 04 2025 ₹234 1065000 600 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.