Upcoming SME IPO 2025, BSE SME IPO, NSE Emerge IPO List
Amaan Khan | April , 2025
As India’s startup and entrepreneurial ecosystem flourishes, a new wave of financial empowerment is sweeping through the country—SME IPOs. The Small and Medium Enterprise Initial Public Offering (SME IPO) is a financial tool that enables small and medium-sized enterprises to raise capital from the public and get listed on the stock exchanges, primarily through BSE SME and NSE Emerge platforms.
In this detailed guide, we will dive deep into what SME IPOs are, how they work, eligibility criteria, advantages and risks, investor perspective, listing process, recent trends, and the future outlook of this growing financial avenue.
What is an SME IPO?
An SME IPO is an initial public offering launched by a small or medium-sized company to raise funds from the public by issuing shares. These companies do not get listed on the main exchanges directly; instead, they are listed on specialized SME platforms like:
- BSE SME Platform
- NSE Emerge Platform
These platforms are designed to accommodate the unique needs of SMEs—providing them with simplified listing procedures and regulatory requirements.
UPcoming SME (IPO) in 2025
“Here’s the updated list of SME IPOs currently open in 2025. Stay connected for the latest SME IPO updates and seize new investment opportunities in the SME market.”
| Upcoming SME IPO 2025 | Date | Size | Price | Lot | Allotment | Listing | Platform |
|---|---|---|---|---|---|---|---|
| Rosmerta digital | Soon | ₹206.33 Cr. | ₹140 to ₹147 | 1000 | Soon | Soon | BSE SME |
| Solar91 cleantech | Soon | ₹106 Cr. | ₹185 to ₹195 | 600 | Soon | Soon | BSE SME |
| Dar credit | Soon | ₹- Cr. | ₹- to ₹- | – | Soon | Soon | NSE SME |
| Aten papers | Soon | ₹31.68 Cr. | ₹91 to ₹96 | 1200 | Soon | Soon | BSE SME |
| Virtual galaxy infotech | Soon | ₹- Cr. | ₹- to ₹- | – | Soon | Soon | NSE SME |
| Manoj jewellers | 5 - 7 may | ₹16.20 Cr. | ₹54 | 2000 | 8-May | 12-May | BSE SME |
| Srigee DLM | 5 - 7 may | ₹16.98 Cr. | ₹94 to ₹99 | 1200 | 8-May | 12-May | BSE SME |
| Wagons learning | 2 - 6 may | ₹38.38 Cr. | ₹78 to ₹82 | 1600 | 7-May | 9-May | BSE SME |
| Kenrik industries | 29 - 6 may | ₹8.75 Cr. | ₹25 | 6000 | 7-May | 9-May | BSE SME |
| Arunaya organics | 29 - 2 May | ₹33.99 Cr. | ₹55 to ₹58 | 2000 | 5-May | 7-May | NSE SME |
| Iware supplychain | 28 - 30 April | ₹27.13 Cr, | ₹95 | 1200 | 2-May | 6-May | NSE SME |
Difference Between Mainboard IPO and SME IPO
| Factor | SME IPO | Mainboard IPO |
|---|---|---|
| Minimum Issue Size | ₹25 lakh | ₹10 crore and above |
| Post-Issue Capital | Up to ₹25 crore | More than ₹25 crore |
| Listing Platform | BSE SME / NSE Emerge | BSE / NSE Mainboard |
| Regulatory Norms | Less stringent | Highly regulated by SEBI |
| IPO Process Duration | Faster (around 3-4 months) | Slower (5-6 months or more) |
| Minimum Investors | 50 | 1000+ |
Eligibility Criteria for SME IPO in India
The Securities and Exchange Board of India (SEBI) and the respective exchanges have laid down certain criteria that a company must meet to launch an SME IPO:
- Incorporated entity with a minimum track record of three years.
- Net tangible assets of at least ₹1.5 crore in the latest audited financials.
- Positive net worth and profitability in at least 2 out of the last 3 years.
- Minimum paid-up capital post-issue must be less than ₹25 crore.
- Company must have a website and maintain demat account facilities.
- The company must not be referred to the Board for Industrial and Financial Reconstruction (BIFR).
There should be at least 50 allottees in the IPO.
Benefits of SME IPO for Companies
1. Capital for Expansion
The most obvious benefit is access to long-term equity capital. SMEs can use these funds for business expansion, product diversification, acquiring machinery, entering new markets, or repaying debts.
2. Increased Visibility and Credibility
Being listed on an exchange increases the company’s brand image and builds trust with stakeholders, including customers, suppliers, and financial institutions.
3. Liquidity for Founders and Investors
Public listing provides an exit route or partial exit for promoters and early-stage investors. Liquidity makes it easier to attract more investments in the future.
4. Talent Retention Through ESOPs
Listed companies can introduce Employee Stock Option Plans (ESOPs) to attract and retain skilled employees, which is critical for long-term business success.
5. Improved Corporate Governance
Being a listed entity encourages better compliance, transparency, and structured management, which ultimately enhances operational efficiency.
Benefits of SME IPO for Investors
1. Early Entry into Promising Companies
Investors get the chance to invest in companies with high growth potential at relatively early stages, often at attractive valuations.
2. High Return Potential
Several SME stocks have delivered multibagger returns post-listing, making this segment attractive for seasoned investors who can handle risk.
3. Diversification of Portfolio
SME IPOs offer exposure to niche sectors and businesses, allowing investors to diversify beyond the traditional large-cap and blue-chip stocks.
4. Better Transparency
Companies listed through SME IPOs are subject to audit and disclosure norms, ensuring a certain level of transparency and accountability.
Risks Associated with SME IPOs
While the potential for growth is high, SME IPOs are not without risks:
1. Low Liquidity
SME stocks are traded in limited volumes, making them illiquid. It may be hard for investors to exit their positions quickly.
2. High Volatility
Due to the smaller market cap, SME stocks are more sensitive to market movements and economic shifts, leading to higher volatility.
3. Business Risk
Small businesses are often more vulnerable to financial instability, market fluctuations, competition, and regulatory hurdles.
4. Limited Public Information
Unlike large companies, SME businesses may not have extensive analyst coverage or public data, making it difficult to conduct deep analysis.
SME IPO Listing Process: Step-by-Step
- Appointment of Merchant Banker
- The company hires a SEBI-registered merchant banker to handle the IPO process.
- The company hires a SEBI-registered merchant banker to handle the IPO process.
- Due Diligence and Documentation
- Preparation of Draft Prospectus, compliance checks, financial audits, and regulatory approvals.
- Preparation of Draft Prospectus, compliance checks, financial audits, and regulatory approvals.
- Filing with Exchange
- The draft prospectus is submitted to the exchange (BSE SME or NSE Emerge).
- The draft prospectus is submitted to the exchange (BSE SME or NSE Emerge).
- Exchange Review and Approval
- Exchange reviews and provides in-principle approval.
- Exchange reviews and provides in-principle approval.
- IPO Launch
- The IPO is opened for subscription, typically for 3-5 days.
- The IPO is opened for subscription, typically for 3-5 days.
- Allotment and Listing
Shares are allotted, demat credits are issued, and shares are listed for trading.
Check Grey market premium at below
(GMP)
you can check also NSE website : https://www.nseindia.com/