SME IPO 2026 – Latest SME IPO List, Dates & Market Updates

IPO Name	Category	Status	Open Date	Closing Date	IPO Size	Price Band
Avana Electrosystems Limited	SME	⏳ U 🔥	12-Jan-2026	14-Jan-2026	₹0.59 Cr.	Rs.56 to Rs.59

🏢 What is an SME IPO?

An SME IPO (Small and Medium Enterprise Initial Public Offering) is when a small or mid-sized company raises funds from the public by issuing shares. These companies are listed on dedicated SME platforms:

📊 BSE SME Platform
📈 NSE Emerge Platform

SME IPOs are designed to help growing businesses access capital with simpler compliance requirements compared to Mainboard IPOs.

📋 SME IPO Eligibility Criteria

✅ Post-issue paid-up capital below ₹25 crore
✅ Minimum post-issue capital of ₹1 crore
✅ Minimum 3 years of business track record
✅ Positive net worth and cash flow history

🚦 Who Can Invest in SME IPOs?

SME IPOs are open to the following investor categories:

👤 Retail Individual Investors
🧑‍💼 Non-Institutional Investors (NII)
🏦 Qualified Institutional Buyers (in selected IPOs)

🧭 How to Apply for an SME IPO

💳 Apply via UPI: Through apps like Zerodha, Groww, Upstox, or Paytm Money
🏦 Apply via ASBA: Using your bank’s net banking IPO section
🧑‍💼 Apply via Broker: Offline IPO application through a registered broker

🆚 SME IPO vs Mainboard IPO

Mainboard IPO	SME IPO
Large and established companies	Small and medium-sized companies
Listed on NSE / BSE	Listed on BSE SME or NSE Emerge
Larger issue size	Smaller issue size
Higher liquidity	Lower liquidity compared to Mainboard

🚀 Benefits & Risks of SME IPOs

🚀 High growth potential in early-stage companies
💰 Opportunity for strong listing gains (not guaranteed)
⚠️ Higher risk and lower liquidity compared to Mainboard IPOs
🔍 Requires careful research before investing

💡 Expert Tip

Always review the company’s Draft Red Herring Prospectus (DRHP), business model, promoter background, and financials before applying for an SME IPO.