Upcoming SME IPO 2026

This page tracks upcoming SME IPOs in India for 2026 — smaller companies that have announced their offering or filed a draft prospectus and are headed for a listing on the NSE Emerge or BSE SME platform, but have not yet opened for subscription. SME issues have been a major driver of primary-market activity, and getting in front of them early gives you time to research thoroughly and prepare to apply. The table above shows tentative dates, price band and issue size as they are confirmed; entries marked "TBA" are awaiting finalisation.

How SME upcoming issues reach the market

SME IPOs follow a lighter version of the mainboard path, with eligibility norms tailored to smaller companies and the offer document filed with the exchange's SME platform. The stages are similar — draft filing, review, final prospectus with price band and dates, then the bidding window — but timelines can be short and details are often confirmed close to the open. Because SME disclosures are lighter and coverage is thin, the upcoming window is your best chance to study the company before the rush.

Extra diligence is essential

SME companies are smaller and younger, so raise your research bar. Read the DRHP end to end rather than skimming, and pay special attention to the three-year financial trend, cash flows, customer and revenue concentration, related-party transactions, promoter background and how much promoters are selling. The minimum application is large — typically ₹1 lakh to ₹2 lakh per lot — so a single SME bet can be a big part of a retail portfolio. Be honest about whether you could exit easily after listing, given the low liquidity of SME shares.

Prepare to apply

Keep a demat and trading account ready, test your UPI ID, and ensure your bank supports IPO mandates. Maintain enough balance for the large SME application to be blocked, remembering it is debited only on allotment. Because SME issues can be announced and opened quickly, following this list and each company's page closely is the best way to avoid missing an issue you have researched.

Using this upcoming SME list

Switch to the Mainboard tab for larger NSE/BSE main-board issues, or All to see every upcoming IPO together. Click any company to open its full page with the available details, company profile, objects of the issue and FAQs. As soon as an issue is priced and dated, it moves to our main IPO dashboard and, where a grey-market figure exists, to our IPO GMP page.

Disclaimer: Information on upcoming IPOs is compiled from public sources for information and education only. Dates, price bands and issue sizes are tentative and subject to change. SME IPOs carry higher risk and lower liquidity; always read the final offer document before investing.