SME IPOs 2026
180 sme IPOs in 2026: 11 open for bidding, 0 upcoming and 169 closed. In 2026, 150 of 254 listed IPOs opened above the issue price , led by Tempsens Instruments (India) IPO at +111.3%.
Last updated
- IPOs in 2026
- 278
- 98 Mainboard · 180 SME
- Funds raised
- ₹1,24,917 Cr
- Total issue size
- Listed in profit
- 59%
- 150 of 254 listings
- Avg. listing gain
- +12.6%
- Median +2.9%
- Avg. subscription
- 64.33x
- Across all categories
IPO list
| Company | Dates | Price band | Issue size | Subs. | GMP / Listing | Status |
|---|---|---|---|---|---|---|
| Crazy Snacks IPO SME BSE · Consumer Food | – | ₹39–42 | ₹31 Cr | 1.26x | +4.8% | Listed |
| Jivial Industries IPO SME BSE · Trading | – | ₹196 | ₹32 Cr | — | -20.0% | Listed |
| Shreedhar Spinners IPO SME NSE · Textile | – | ₹50–53 | ₹31 Cr | 6.80x | +2.6% | Listed |
| Anubhav Plast IPO SME BSE · Electricals | – | ₹77–80 | ₹24 Cr | 2.26x | 0.0% | Listed |
| Avience Biomedicals IPO SME NSE · Healthcare | – | ₹196–208 | ₹30 Cr | 385.40x | +90.0% | Listed |
| Riyaasat Lifestyle IPO SME BSE · Retailing | – | ₹102–108 | ₹31 Cr | 1.38x | -21.5% | Listed |
| Leapfrog Engineering Services IPO SME BSE · Other | – | ₹21–23 | ₹89 Cr | 2.75x | -4.4% | Listed |
| Clay Craft India IPO SME NSE · Other | – | ₹193–203 | ₹110 Cr | 103.05x | +3.9% | Listed |
| Diksha Polymers IPO SME BSE · Trading | – | ₹112 | ₹18 Cr | 2.94x | +2.2% | Listed |
| Liotech Industries IPO SME BSE · Other | – | ₹321 | ₹36 Cr | 1.96x | -19.9% | Listed |
| Horizon Reclaim (India) IPO SME BSE · Other | – | ₹98–103 | ₹54 Cr | 304.19x | +46.6% | Listed |
| Susan Electricals India IPO SME BSE · Electricals | – | ₹120–127 | ₹70 Cr | 216.76x | +46.5% | Listed |
| Utkal Speciality Industries India IPO SME NSE · Paper | – | ₹62–66 | ₹35 Cr | 1.65x | 0.0% | Listed |
| Genxai Analytics IPO SME NSE · Information Technology | – | ₹110–116 | ₹55 Cr | 17.07x | -20.0% | Listed |
| Vahh Chemicals IPO SME BSE · Trading | – | ₹60 | ₹13 Cr | 87.22x | +16.7% | Listed |
| UHM Vacation IPO SME BSE · Other | – | ₹157–166 | ₹36 Cr | 2.42x | -20.0% | Listed |
| Merritronix IPO SME BSE · Electricals | – | ₹141–149 | ₹70 Cr | 315.44x | +90.0% | Listed |
| Aureate Tradde IPO SME BSE · Other | – | ₹70 | ₹27 Cr | 1.49x | 0.0% | Listed |
| Rajnandini Fashion India IPO SME BSE · Textile | – | ₹59–63 | ₹18 Cr | 203.82x | 0.0% | Listed |
| SMR Jewels IPO SME BSE · Diamond & Jewellery | – | ₹128–135 | ₹67 Cr | 1.14x | -23.7% | Listed |
| Yaashvi Jewellers IPO SME BSE · Diamond & Jewellery | – | ₹83 | ₹44 Cr | 5.69x | 0.0% | Listed |
| M R Maniveni Foods IPO SME BSE · Consumer Food | – | ₹51–52 | ₹27 Cr | 1.81x | -18.2% | Listed |
| Bio Medica Laboratories IPO SME NSE · Healthcare | – | ₹132–139 | ₹52 Cr | 2.31x | -20.0% | Listed |
| Q-Line Biotech IPO SME NSE · Healthcare | – | ₹326–343 | ₹214 Cr | 102.49x | +31.8% | Listed |
| Autofurnish IPO SME BSE | – | ₹41 | ₹15 Cr | 3.09x | +4.9% | Listed |
GMP / Listing shows the grey market premium (as % of the upper price band) until listing, then the listing-day gain.
IPO activity, last 12 months
347 IPOs opened in the last 12 months. The busiest month was September 2026 with 86 issues.
How 2026 IPOs listed
Listing-day gain for 254 IPOs that listed in 2026. The weakest debut was Shree Ram Twistex IPO at -34.6%.
| Below −10% | 34 | 13% |
|---|---|---|
| −10% to 0 | 36 | 14% |
| 0 to 10% | 93 | 37% |
| 10 to 50% | 65 | 26% |
| Above 50% | 26 | 10% |
Listing gain = listing-day open price vs upper price band.
Browse IPOs by year
IPO list: FAQs
- How many IPOs are listed on IPO Master?
- IPO Master tracks 180 Mainboard and SME IPOs, including 11 open for bidding and 0 upcoming. Each IPO has its own page with price band, lot size, subscription, GMP, allotment and listing details.
- How many IPOs have come in 2026?
- 278 IPOs have opened in 2026 so far (98 Mainboard and 180 SME), raising about ₹1,24,917.03 Cr. Of the 254 that have listed, 150 listed above the issue price.
- What is the difference between Mainboard and SME IPOs?
- Mainboard IPOs list on the main NSE and BSE platforms and allow retail applications from one lot (about ₹15,000). SME IPOs list on NSE Emerge or BSE SME, are smaller issues, and need a minimum application of more than ₹2 lakh for individual investors. SME IPOs tend to be more volatile on listing.
- What do the IPO statuses mean?
- Upcoming IPOs have announced dates but have not opened. Open (ongoing) IPOs are accepting bids. Closed IPOs have finished bidding and are awaiting allotment or listing. Listed IPOs are trading on the exchange.
- How is the listing gain calculated?
- Listing gain is the difference between the listing-day opening price and the upper end of the price band, as a percentage of the upper price band.
IPO details are compiled from offer documents and NSE/BSE data. GMP is an unofficial indicator. For information only; not investment advice.