IPO Watch
SME IPOs in India
Our IPO data includes 5 SME IPOs: 3 open or upcoming and 2 that closed in the last 120 days. SME IPOs are listed on the SME platforms of the exchanges, NSE Emerge and BSE SME, rather than the main board. The next to open or already open is HGS (India) Limited.
Open and upcoming (3)
| Company | Bidding dates | Price band | Issue size | Lot size | Status |
|---|---|---|---|---|---|
| HGS (India) Limited | 30 Oct 2026 to 3 Nov 2026 | Rs.114 to Rs.120 | ₹35 Cr | 1200 | Open now |
| Maxwell Engineering Solutions Limited | 30 Oct 2026 to 3 Nov 2026 | Rs.150 to Rs.158 | ₹58 Cr | 800 | Open now |
| Vedant Poly Fabs Limited | 2 Nov 2026 to 4 Nov 2026 | Rs.88 to Rs.94 | ₹57 Cr | 1200 | Open now |
Closed in the last 120 days (2)
| Company | Bidding dates | Price band | Issue size | Lot size | Listing date |
|---|---|---|---|---|---|
| Ravita Engineering Services Limited | 14 Oct 2026 to 16 Oct 2026 | Rs.105 to Rs.112 | ₹116 Cr | 1200 | 22 Oct 2026 |
| Vaibhav Vyapaar Limited | 13 Oct 2026 to 15 Oct 2026 | Rs.51 to Rs.54 | ₹42 Cr | 2000 | 21 Oct 2026 |
Data as of 3 Nov 2026, 5:31 am IST.
Applied to an IPO?
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Ask Samjho Bhai →Frequently asked questions
What is an SME IPO?
An IPO by a small or medium enterprise, listed on an exchange's SME platform such as NSE Emerge or BSE SME instead of the main board.
Are SME IPOs different from mainboard IPOs?
They follow separate rules for eligibility, trading and minimum application size, and the offer document sets out the risks. Read it before applying.
How current is this list?
It follows the daily IPO data refresh, shown below the tables.
Educational information, not investment advice. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser. Figures come from public data providers, can be delayed or contain errors, and are shown as facts only.