News & Blogs

Expert insights on Mainboard and SME IPO trends.

Safety Controls & Devices IPO Opens Today; EPC Specialist Eyes ₹48 Crore to Fuel Power & Infra Expansion Open IPO

Safety Controls & Devices IPO Opens Today; EPC Specialist Eyes ₹48 Crore to Fuel Power & Infra Expansion

Lucknow-based Safety Controls & Devices Limited, an integrated EPC (Engineering, Procurement, and Construction) player, has launched its ₹48.00 crore IPO on the BSE SME platform. With a strong order book of over ₹139 crore and a focus on government-backed power transmission and solar projects, the company aims to use the proceeds to stabilize its working capital and pare down existing debt.

Emiac Technologies IPO to Open March 27; AI-Driven Digital Powerhouse Eyes ₹31.75 Crore on BSE SME Platform Upcoming IPO

Emiac Technologies IPO to Open March 27; AI-Driven Digital Powerhouse Eyes ₹31.75 Crore on BSE SME Platform

Jaipur-based Emiac Technologies Limited, a specialist in AI-powered digital marketing and business automation, has officially announced its ₹31.75 crore initial public offering. Opening on Friday, March 27, 2026, the company has fixed a price band of ₹93–₹98 per share, aiming to fund its next phase of global client acquisition and high-end tech infrastructure.

Highness Microelectronics IPO Opens Tomorrow; Rugged Display Specialist Sets ₹114–₹120 Price Band for BSE SME Debut Open IPO

Highness Microelectronics IPO Opens Tomorrow; Rugged Display Specialist Sets ₹114–₹120 Price Band for BSE SME Debut

Mumbai-based Highness Microelectronics Limited, a specialized manufacturer of high-reliability digital imaging and rugged display solutions, is launching its ₹21.67 crore IPO on Tuesday, March 24, 2026. The company, which serves mission-critical sectors like Defense, Railways, and Healthcare, is seeking capital to establish a new assembly line in Mumbai and bolster its working capital for large-scale infrastructure projects.

Vivid Electromech IPO to Open March 25; Electrical Panel Giant Sets ₹528–₹555 Price Band for ₹131 Crore SME Debut Upcoming IPO

Vivid Electromech IPO to Open March 25; Electrical Panel Giant Sets ₹528–₹555 Price Band for ₹131 Crore SME Debut

Mumbai-based Vivid Electromech Limited, a specialized manufacturer of Low Voltage (LV) and Medium Voltage (MV) electrical panels, is launching its ₹130.54 crore SME IPO on Wednesday, March 25, 2026. With a strong focus on the data center and renewable energy sectors, the company is looking to utilize the fresh capital to settle debts and fuel its next phase of operational expansion.

Sai Parenterals IPO to Open March 24; Pharma Major Sets ₹372–₹392 Price Band for ₹409 Crore Mainboard Issue Upcoming IPO

Sai Parenterals IPO to Open March 24; Pharma Major Sets ₹372–₹392 Price Band for ₹409 Crore Mainboard Issue

Hyderabad-based pharmaceutical formulation specialist Sai Parenterals Limited has officially announced its IPO price band as it prepares to list on the NSE and BSE. The ₹409 crore offering is strategically timed to fund the company’s aggressive expansion into international markets, including a high-profile acquisition in Australia and the establishment of a state-of-the-art R&D center.

Novus Loyalty IPO Day 2: Tech-Driven Rewards Firm Sees Steady Retail Interest; GMP Remains Flat Amid Valuation Debates Open IPO

Novus Loyalty IPO Day 2: Tech-Driven Rewards Firm Sees Steady Retail Interest; GMP Remains Flat Amid Valuation Debates

Novus Loyalty Limited, a Gurugram-based "Loyalty-as-a-Service" provider, is currently in the midst of its ₹60.15 crore SME IPO. While the retail segment showed an early lead on Day 1, the overall subscription remains at a balanced pace as investors weigh the company’s explosive H1-FY26 profit growth against its aggressive pricing in a competitive SaaS market.

CMPDI IPO Anchor Round Starts Today; Coal India Subsidiary Sets ₹172 Price Band for ₹1,842 Crore Issue Upcoming IPO

CMPDI IPO Anchor Round Starts Today; Coal India Subsidiary Sets ₹172 Price Band for ₹1,842 Crore Issue

Central Mine Planning & Design Institute (CMPDI), the technical "brain" of India’s coal sector and a Mini Ratna subsidiary of Coal India, has opened its Anchor Investor bidding today, March 18, 2026. This 100% Offer for Sale (OFS) is part of the government’s strategic push to list all Coal India subsidiaries, following the blockbuster listing of Bharat Coking Coal (BCCL) earlier this year.

Speciality Medicines IPO Set to Open on March 20; Pharma Marketer Targets ₹29 Crore for Global R&D and Expansion Upcoming IPO

Speciality Medicines IPO Set to Open on March 20; Pharma Marketer Targets ₹29 Crore for Global R&D and Expansion

Ahmedabad-based Speciality Medicines Limited, a high-growth distributor of specialty pharmaceutical formulations (oncology, immunology, and neurology), is launching its ₹29.14 crore SME IPO this Friday. With a price band of ₹117 to ₹124, the company aims to transition from a pure distribution model to a research-driven entity by setting up its own R&D center and accelerating international product registrations.

GSP Crop Science IPO Opens Today; Agrochemical Leader Targets ₹400 Crore for Debt Reduction & R&D Expansion Open IPO

GSP Crop Science IPO Opens Today; Agrochemical Leader Targets ₹400 Crore for Debt Reduction & R&D Expansion

Ahmedabad-based GSP Crop Science Limited, a research-driven agrochemical manufacturer with over 40 years of industry presence, has launched its ₹400 crore mainboard IPO today. Following a successful ₹120 crore anchor round, the company is offering a mix of fresh equity and an Offer for Sale (OFS) to strengthen its balance sheet and capitalize on the rising global demand for crop protection solutions.

Tipco Engineering India IPO to Open Next Week; Industrial Machinery Player Sets Price Band at ₹84–₹89 Upcoming IPO

Tipco Engineering India IPO to Open Next Week; Industrial Machinery Player Sets Price Band at ₹84–₹89

Tipco Engineering India Limited, a Haryana-based specialist in industrial process machinery, has finalized its plans for a ₹60.55 crore IPO on the BSE SME platform. As the only SME issue currently scheduled to launch next week, it is drawing significant attention from investors tracking high-growth industrial manufacturing. The company aims to use the funds primarily to become debt-free and expand its working capital.

Novus Loyalty IPO Anchor Round Goes Live Today; Gurugram Tech Firm Eyes ₹60 Crore for Loyalty SaaS Expansion Open IPO

Novus Loyalty IPO Anchor Round Goes Live Today; Gurugram Tech Firm Eyes ₹60 Crore for Loyalty SaaS Expansion

Novus Loyalty Limited, a B2B technology provider specializing in digital rewards and loyalty infrastructure, has opened its Anchor Investor bidding today, March 16, 2026. The company is launching its ₹60.15 crore SME IPO to fund new product development and aggressive marketing. With a price band of ₹139 to ₹146, the issue is set to open for public subscription tomorrow, March 17.

Rajputana Stainless IPO Set to Open Monday; Price Band Fixed at ₹116–₹122 for ₹255 Crore Issue Upcoming IPO

Rajputana Stainless IPO Set to Open Monday; Price Band Fixed at ₹116–₹122 for ₹255 Crore Issue

Rajputana Stainless Limited, a prominent Gujarat-based manufacturer of high-grade stainless steel long and flat products, has finalized the details for its ₹254.98 crore mainboard IPO. The company, which serves critical sectors like aerospace, defense, and oil & gas, is entering the market to fund a major forward-integration project into the high-margin seamless pipe segment.

Srinibas Pradhan Constructions IPO Opens Tomorrow; Odisha-Based Infrastructure Player Targets ₹20 Crore for Growth Upcoming IPO

Srinibas Pradhan Constructions IPO Opens Tomorrow; Odisha-Based Infrastructure Player Targets ₹20 Crore for Growth

Srinibas Pradhan Constructions Limited (SPCL), a key player in Odisha’s infrastructure sector, is set to launch its ₹20.32 crore SME IPO on the NSE Emerge platform tomorrow. The company, which boasts a robust order book of over ₹184 crore, is offering a mix of fresh equity and an Offer for Sale (OFS) to fund its working capital and strengthen its balance sheet for larger government tenders.

Acetech E-Commerce IPO Day 2; Retail Interest Picks Up Despite Flat Grey Market Premium Open IPO

Acetech E-Commerce IPO Day 2; Retail Interest Picks Up Despite Flat Grey Market Premium

Acetech E-Commerce Limited, a tech-driven dropshipping and cross-border retail specialist, is currently in the middle of its ₹48.95 crore IPO on the NSE SME platform. While the grey market remains quiet, the issue has seen steady participation from retail investors attracted by the company’s 71% profit growth and its strategic shift from an LLP to a public powerhouse.

Accord Transformer IPO Opens Today; BSE SME Issue Surges on Day 1 with 37% Grey Market Premium Open IPO

Accord Transformer IPO Opens Today; BSE SME Issue Surges on Day 1 with 37% Grey Market Premium

Accord Transformer & Switchgear Limited, a specialist in electrical infrastructure and EV charging solutions, has launched its ₹25.59 crore IPO today. Driven by strong demand in the power sector and strategic partnerships with global leaders like Schneider Electric, the issue is already seeing significant retail traction and commanding one of the highest premiums among this week’s SME offerings.

Manilam Industries IPO to Open Feb 20; Decorative Laminate Maker Targets ₹40 Crore for Pan-India Retail Push Upcoming IPO

Manilam Industries IPO to Open Feb 20; Decorative Laminate Maker Targets ₹40 Crore for Pan-India Retail Push

Kolkata-based Manilam Industries India Limited, a leading manufacturer of decorative laminates and plywood, is set to launch its ₹39.95 crore NSE SME IPO this Friday. With a massive portfolio of 1,000+ designs and established experience centers in major metros, the company aims to use the fresh capital to settle debts and significantly expand its working capital for a nationwide B2C brand offensive.

PNGS Reva Diamond IPO to Open Feb 24; Diamond Arm of P.N. Gadgil & Sons Sets Price Band at ₹367–₹386 Upcoming IPO

PNGS Reva Diamond IPO to Open Feb 24; Diamond Arm of P.N. Gadgil & Sons Sets Price Band at ₹367–₹386

PNGS Reva Diamond Jewellery Limited, a high-margin spin-off from the legendary P.N. Gadgil & Sons group, has finalized the details for its ₹380 crore Mainboard IPO. The issue, which is entirely a fresh sale of shares, aims to fund a massive expansion—transitioning from its current "shop-in-shop" model to a dominant standalone retail presence in the affordable luxury diamond segment.

Gaudium IVF IPO: India’s First Specialized Fertility Player to Open Feb 20; Anchor Bidding Starts Today Upcoming IPO

Gaudium IVF IPO: India’s First Specialized Fertility Player to Open Feb 20; Anchor Bidding Starts Today

New Delhi-based Gaudium IVF & Women Health Limited, a pioneer in Assisted Reproductive Technology (ART), is set to make stock market history as the first specialized fertility services provider to list in India. The ₹165 crore IPO will officially open for public subscription this Friday, following the Anchor Investor bidding process which is taking place today, February 18.

NFP Sampoorna Foods IPO Lists Today; Dry Fruit Specialist Debuts on NSE SME After Solid Demand Open IPO

NFP Sampoorna Foods IPO Lists Today; Dry Fruit Specialist Debuts on NSE SME After Solid Demand

New Delhi-based NFP Sampoorna Foods Limited, a specialized processor and distributor of premium dry fruits and makhana, is officially listing on the NSE SME platform today. Following a successful subscription window earlier this month, the company enters the secondary market with a focus on using its ₹24.53 crore proceeds to scale its "B2C" healthy snacking brand.

Marushika Technology IPO to Open Feb 12; IT Infra & Defense Specialist Seeks ₹27 Crore for Growth Open IPO

Marushika Technology IPO to Open Feb 12; IT Infra & Defense Specialist Seeks ₹27 Crore for Growth

Delhi-based Marushika Technology Limited, an integrated provider of IT, telecom infrastructure, and specialized defense auto-tech solutions, has finalized its ₹26.97 crore SME IPO. The company, which serves high-profile clients like Bharat Electronics (BEL) and the National Security Guard (NSG), is set to open its bidding process this Thursday at a price band of ₹111–₹117.

Shayona Engineering IPO Closes Today; Subscribed 1.41x So Far with Strong Institutional Interest Open IPO

Shayona Engineering IPO Closes Today; Subscribed 1.41x So Far with Strong Institutional Interest

Vadodara-based Shayona Engineering Limited, a diversified provider of precision engineering and piping solutions, sees its ₹14.86 crore SME IPO enter its final hours of bidding today, Tuesday, January 27, 2026. While the overall demand has been moderate, the issue has seen a strong pull from institutional buyers as it prepares for its debut on the BSE SME platform.

Accretion Nutraveda IPO: Ayurvedic CDMO Sets Price Band at ₹122–₹129; Public Issue Opens Jan 27 Upcoming IPO

Accretion Nutraveda IPO: Ayurvedic CDMO Sets Price Band at ₹122–₹129; Public Issue Opens Jan 27

Ahmedabad-based Accretion Nutraveda Limited, a specialized manufacturer of Ayurvedic and nutraceutical products, is set to launch its ₹24.77 crore SME IPO on Tuesday, January 27, 2026. Operating as a Contract Development and Manufacturing Organization (CDMO), the company is seeking funds to automate its current facilities and set up a new manufacturing unit to meet growing global demand.

Aritas Vinyl IPO Enters Day 2 with 0.44x Subscription; Muted GMP Signals Flat Debut Open IPO

Aritas Vinyl IPO Enters Day 2 with 0.44x Subscription; Muted GMP Signals Flat Debut

The book-built SME IPO of Ahmedabad-based technical textile manufacturer Aritas Vinyl Limited is currently open for public bidding. As of today, Monday, January 19, 2026, the issue has seen a moderate response from investors, with the Grey Market Premium (GMP) currently trading at ₹0, suggesting a cautious market outlook ahead of its closing tomorrow.

Avana Electrosystems IPO Debuts with Strong Retail Interest; Subscribed 1.61x on Day 1 Open IPO

Avana Electrosystems IPO Debuts with Strong Retail Interest; Subscribed 1.61x on Day 1

The NSE SME IPO of Bengaluru-based Avana Electrosystems Ltd, a manufacturer of specialized control and relay panels, has opened for bidding today, January 12, 2026. With a price band of ₹56–₹59, the issue has already seen a healthy response, particularly from retail investors, as the company looks to raise ₹35.22 crore.

Gabion Technologies IPO Subscribed Over 600x on Final Day; Grey Market Premium Surges 37% Open IPO

Gabion Technologies IPO Subscribed Over 600x on Final Day; Grey Market Premium Surges 37%

Gabion Technologies India Limited, a leading provider of geotechnical engineering solutions like steel gabions and rockfall protection, concluded its bidding process today with record-breaking numbers. The ₹29.16 crore issue saw intense bidding across all categories, signaling a high-conviction "Blockbuster" listing scheduled for next week.

Amagi Media Labs Sets ₹1,789 Crore IPO for January 13; Price Band Fixed at ₹343-361 Upcoming IPO

Amagi Media Labs Sets ₹1,789 Crore IPO for January 13; Price Band Fixed at ₹343-361

Bengaluru-based media SaaS unicorn Amagi Media Labs has finalized its public offer details. The IPO will open on January 13, 2026, with a price band of ₹343 to ₹361 per share. The company aims to raise approximately ₹1,788.62 crore, valuing the firm at nearly ₹7,810 crore ($885 million) at the upper end of the price band.