SME IPOs Next Week: 4 IPOs Opening From August 24, Check GMP, Price Band, Lot Size and Dates

The SME IPO segment is set for an active week with four SME IPOs scheduled to open for subscription from August 24 to August 27, 2026.

The upcoming SME IPO list includes Madhur Knit Crafts IPO, ABH Healthcare IPO, Sumax Engineering IPO and Kwick Forensic Solutions IPO. Three of these companies have disclosed their issue sizes, with a combined fundraising target of approximately ₹115.38 crore, while Kwick Forensic Solutions is yet to announce its final price band and issue size.

Unlike Mainboard IPOs, SME IPOs generally have significantly higher minimum application amounts and can have different liquidity characteristics. Investors should therefore carefully evaluate the lot size, valuation, financial performance and post-listing liquidity before applying.

SME IPOs Next Week – Complete List

*GMP is unofficial and can change at any time. Current GMP figures are based on the latest available market data.

1. Madhur Knit Crafts IPO

Madhur Knit Crafts IPO will open for subscription on August 24, 2026, and close on August 27.

The company is looking to raise approximately ₹27 crore through the SME IPO. The price band has been fixed at ₹95 to ₹100 per share. The issue is proposed to be listed on the NSE SME platform.

Madhur Knit Crafts IPO Key Details

• IPO Open: August 24, 2026
• IPO Close: August 27, 2026
• Price Band: ₹95–₹100
• Issue Size: ₹27 crore
• Lot Size: 1,200 Shares
• Minimum Investment: ₹1,20,000
• Exchange: NSE SME
• Expected Listing: September 1, 2026
• Latest GMP: ₹0

At the upper price band, investors need approximately ₹1.20 lakh to apply for one lot.

The latest reported GMP is around ₹0, meaning there is currently no reported grey-market premium.

2. ABH Healthcare IPO

ABH Healthcare IPO will also open on August 24, 2026.

The IPO will close earlier than the other issues in the group, on August 26, 2026. The company is looking to raise approximately ₹34.98 crore, with a price band of ₹96 to ₹102 per share.

ABH Healthcare IPO Key Details

• IPO Open: August 24, 2026
• IPO Close: August 26, 2026
• Price Band: ₹96–₹102
• Issue Size: ₹34.98 crore
• Lot Size: 1,197 Shares
• Minimum Investment: ₹1,22,094
• Exchange: NSE SME
• Expected Listing: August 31, 2026
• Latest GMP: ₹0

ABH Healthcare operates in the healthcare and pharmaceutical sector.

With a minimum application amount of more than ₹1.22 lakh, investors should pay particular attention to the company's valuation and financial performance before applying.

3. Sumax Engineering IPO

Sumax Engineering IPO will open on August 25, 2026, and remain open until August 28.

The company is looking to raise approximately ₹53.40 crore, making it the largest disclosed SME IPO among the four upcoming issues. The price band has been fixed at ₹95 to ₹101 per share.

Sumax Engineering IPO Key Details

• IPO Open: August 25, 2026
• IPO Close: August 28, 2026
• Price Band: ₹95–₹101
• Issue Size: ₹53.40 crore
• Lot Size: 1,200 Shares
• Minimum Investment: ₹1,21,200
• Exchange: NSE SME
• Expected Listing: September 2, 2026
• Latest GMP: ₹32

The reported GMP of ₹32 represents an indicative premium of approximately 31.68% over the upper price band of ₹101.

At the reported GMP, the implied grey-market price would be around ₹133 per share, although this should not be interpreted as a guaranteed listing price.

4. Kwick Forensic Solutions IPO

Kwick Forensic Solutions IPO is scheduled to open on August 27, 2026, and close on August 31.

The issue is proposed to be listed on the BSE SME platform. However, the company's final price band, issue size and lot size have not yet been disclosed in the currently available IPO calendar.

Kwick Forensic Solutions IPO Key Details

• IPO Open: August 27, 2026
• IPO Close: August 31, 2026
• Price Band: To be announced
• Issue Size: To be announced
• Lot Size: To be announced
• Exchange: BSE SME
• Expected Listing: September 3, 2026
• Latest GMP: ₹15

The reported GMP currently stands at around ₹15, but investors should wait for the official price band before calculating the implied listing price or potential gain.

SME IPO Opening Schedule Next Week

The SME IPO calendar will be spread across the week.

August 24 will be the busiest day, with two SME IPOs opening simultaneously.

Which SME IPO Has the Highest GMP?

Based on the latest available GMP data, Sumax Engineering IPO currently has the highest reported GMP at ₹32.

Kwick Forensic Solutions has a reported GMP of ₹15, while Madhur Knit Crafts and ABH Healthcare are currently around ₹0.

SME IPO GMP Comparison

GMP percentages are indicative and calculated using the available price-band information. For Kwick Forensic Solutions, the percentage cannot be calculated until the official price band is announced.

SME IPOs – Minimum Investment

One of the biggest differences between Mainboard and SME IPOs is the minimum application amount.

For the currently disclosed issues:

This means investors need considerably more capital to apply for these SME IPOs compared with many Mainboard IPOs.

Why SME IPOs Are Different

SME IPOs are designed for small and medium-sized businesses and are listed on dedicated SME platforms such as NSE SME and BSE SME.

Investors should understand that SME stocks can have:

• Higher minimum investment requirements
• Larger lot sizes
• Lower trading liquidity
• Wider bid-ask spreads
• Greater price volatility
• Different market-making arrangements
• Higher risk for investors

Therefore, a strong GMP should not be the only reason to apply.

What Should Investors Check Before Applying?

Before applying for an SME IPO, investors should carefully examine:

• Company revenue and profit growth
• Valuation
• Debt levels
• Promoter holding
• Return on equity
• Cash flow
• IPO objectives
• Fresh issue versus offer for sale
• Lot size
• Minimum investment
• SME platform on which the shares will list
• Market-maker details
• GMP trend
• Industry outlook
• Post-listing liquidity

Which SME IPO Should Investors Watch?

Among the upcoming SME IPOs, Sumax Engineering currently stands out in terms of reported GMP, with a GMP of approximately ₹32 against an upper price band of ₹101.

Kwick Forensic Solutions is also worth monitoring because its GMP is currently reported at around ₹15, although investors should wait for the official price band and issue details before drawing conclusions.

Madhur Knit Crafts and ABH Healthcare currently have no reported GMP premium, so investors may want to focus more closely on their fundamentals and valuations rather than grey-market sentiment.

SME IPOs Next Week – Quick Summary

The upcoming week brings four SME IPOs to the Indian primary market.

• Madhur Knit Crafts: ₹27 crore
• ABH Healthcare: ₹34.98 crore
• Sumax Engineering: ₹53.40 crore
• Kwick Forensic Solutions: Issue size TBA

The three disclosed issues together account for approximately ₹115.38 crore in fundraising.

Investors should monitor GMP updates, subscription numbers and official IPO documents as the issues approach their opening dates.

SME IPO GMP Disclaimer

Grey Market Premium (GMP) is an unofficial and unregulated indicator. GMP can change rapidly and may not accurately predict the actual listing price.

GMPIPOWatch provides IPO information for educational and informational purposes only. Investors should read the official offer documents, evaluate company fundamentals and consider their own risk profile before making any investment decision.