SME IPOs provide small and medium-sized businesses with an opportunity to raise capital from public investors and become listed companies. The SME segment is designed for emerging businesses that are developing their operations, expanding their market presence or looking to raise capital for future growth.
SME IPOs can be found across a wide range of industries. Investors can use the All SME IPOs section to explore IPOs across different stages and compare their issue details, financial performance, subscription, GMP and listing performance.
An SME IPO is an Initial Public Offering by a small or medium-sized company through an SME platform of a stock exchange. In India, SME companies can seek listing on dedicated platforms such as NSE Emerge and the SME platform of BSE. NSE describes Emerge as a platform intended for emerging businesses that may not be large enough for the Main Board.
Mainboard IPOs are strictly for large corporations with a post-issue paid-up capital of over ₹10 Crore, whereas SME IPOs are for emerging companies with a post-issue capital ranging from ₹1 Crore up to ₹25 Crore.
Mainboard issues list on primary NSE and BSE. SME IPOs list on dedicated auxiliary platforms — NSE Emerge and BSE SME — specifically structured to help emerging businesses scale with tailored regulatory oversight.
While retail investors can apply for Mainboard IPOs with ~₹15,000, SEBI mandates a minimum application size of ₹1,00,000 to ₹1,40,000 for SME IPOs. This lot size constraint also applies to secondary trading, ensuring informed capital participation.