16 SME IPOs
Sorted by status, then GMP %- Open
Maharaja & Speedex India
SME · ₹186
GMP₹30+16.1%Est. listing₹2161 lot₹1,11,600Subscribed0.48x10 Sept – 15 Sept · Lists 18 Sept6:35 pm - Open
Raksan Transformers
SME · ₹273
GMP₹30+11.0%▲ ₹2 since lastEst. listing₹3031 lot₹1,09,200Subscribed1.31x10 Sept – 15 Sept · Lists 18 Sept6:29 pm - Open
Panchatv Bharat
SME · ₹140
GMP₹11+7.9%▲ ₹4 since lastEst. listing₹1511 lot₹1,40,000Subscribed0.04x10 Sept – 15 Sept · Lists 18 Sept6:33 pm - Open
Century Business Media
SME · ₹74
GMPNot quoted yetEst. listing—1 lot₹1,18,400Subscribed1.15x11 Sept – 16 Sept · Lists 21 Sept - Open
Injecto Polymers
SME · ₹100
GMPNot quoted yetEst. listing—1 lot₹1,20,000Subscribed0.29x11 Sept – 16 Sept · Lists 21 Sept - Open
Om Galaxy
SME · ₹90
GMPNot quoted yetEst. listing—1 lot₹1,44,000Subscribed0.95x10 Sept – 15 Sept · Lists 18 Sept - Upcoming
Axiom Gas Engineering
SME · ₹53
GMPNot quoted yetEst. listing—1 lot₹1,06,000Subscribed—18 Sept – 22 Sept · Lists 25 Sept - Upcoming
Kheria Autocomp
SME · ₹101
GMPNot quoted yetEst. listing—1 lot₹1,21,200Subscribed—17 Sept – 21 Sept · Lists 24 Sept - Upcoming
Quanto Agroworld
SME · ₹67
GMPNot quoted yetEst. listing—1 lot₹1,34,000Subscribed—15 Sept – 17 Sept · Lists 22 Sept - Upcoming
Shakti Polytarp
SME · ₹59
GMPNot quoted yetEst. listing—1 lot₹1,18,000Subscribed—15 Sept – 17 Sept · Lists 22 Sept - Upcoming
SpectraA Technology Solutions
SME · ₹118
GMPNot quoted yetEst. listing—1 lot₹1,41,600Subscribed—17 Sept – 21 Sept · Lists 24 Sept - Upcoming
Vama Wovenfab
SME · ₹341
GMPNot quoted yetEst. listing—1 lot₹1,36,400Subscribed—15 Sept – 17 Sept · Lists 22 Sept - Closed
Amtech Esters
SME · ₹75
GMP₹7+9.3%Est. listing₹821 lot₹1,20,000Subscribed25.7x9 Sept – 11 Sept · Lists 17 Sept6:37 pm - Closed
Vinod Texworld
SME · ₹94
GMP₹1+1.1%Est. listing₹951 lot₹1,12,800Subscribed1.6x9 Sept – 11 Sept · Lists 17 Sept6:31 pm - Closed
Apana Logistics
SME · Price band awaited
GMPNot quoted yetEst. listing—1 lot—Subscribed—7 Sept – 9 Sept - Closed
Infrax Renewable
SME · ₹104
GMPNot quoted yetEst. listing—1 lot₹1,24,800Subscribed2.05x9 Sept – 11 Sept · Lists 17 Sept
SME IPO GMP FAQs
What is SME IPO GMP today?
5 of the 16 SME IPOs tracked here carry a grey market premium as of Sat, 12 Sept, 2026. The highest is Maharaja & Speedex India at ₹30, +16.1% over its issue price. SME GMP is quoted the same way as Mainboard GMP, but on much thinner volume.
Why is SME IPO GMP less reliable than Mainboard GMP?
Because far fewer applications change hands. A Mainboard premium reflects thousands of grey market trades; an SME premium can be set by a handful of dealers, so a single large buyer can move the quoted number without any real change in demand. Treat SME GMP as a weak signal, and weight the subscription figures more heavily.
What is the minimum investment in an SME IPO?
SME lot sizes are much larger than Mainboard lots — typically ₹1,00,000 to ₹1,50,000 for a single lot, against roughly ₹15,000 for a Mainboard issue. SEBI sets this deliberately high so that retail investors who cannot absorb the risk are less exposed to it. Each IPO page here shows the exact cost of one lot.
Where do SME IPOs list?
On the BSE SME or NSE Emerge platform rather than the main board, which is why they are quoted separately. Liquidity after listing is materially lower, so exiting a position can be harder than the listing-day gain suggests.
GMP is unofficial. Grey market premium is an unregulated, over-the-counter indication with no backing from SEBI, BSE or NSE. It is not a listing-price guarantee and not investment advice. Read the RHP and consult a SEBI-registered adviser before applying.