Upcoming SME IPOs in September 2025 – Full Calendar, Schedule & How to Apply via IPO Ji
Are you an investor interested in small and medium enterprise opportunities? Then September 2025 is exciting with small and medium enterprises IPOs. There are more than a dozen companies accessing the capital markets and that is the right moment to look at new opportunities in BSE SME and NSE SME segments.
To simplify the situation further, we present to you a simplified and up-to-date SME IPO calendar in September 2025 on IPOji.com. Follow up the history of every IPO of SMEs, day of opening and closing and fast application through our platform.
SME IPO Calendar September 2025
Below, you can find a calendar of a complete list of all proceeding SME IPOs in September 2025. As a first-time investor or a well-established SME requesting to list on the stock exchange, IPO Ji makes it simple to track and request these listings.
Karbonsteel Engineering IPO
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹59.30 Crores |
| Fresh Issue | 0.30 Crore Shares (₹48.33 Crores) |
| Offer for Sale (OFS) | 0.07 Crore Shares (₹10.97 Crores) |
| Face Value | ₹10 per share |
| Price Band | ₹151 – ₹159 per share |
| Lot Size | 800 shares |
| Minimum Investment (Retail) | ₹2,54,400 (1,600 shares at upper price) |
| Minimum Investment (HNI/NII) | ₹3,81,600 (2,400 shares, 3 lots) |
| Bidding Dates | September 8, 2025 – September 10, 2025 |
| Allotment Date | September 11, 2025 |
| Listing Date (Tentative) | September 15, 2025 |
| Exchange | BSE SME |
| Book Running Lead Manager | Seren Capital Pvt. Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Market Maker | Rikhav Securities Ltd., SS Corporate Securities Ltd. |
Vashishtha Luxury Fashion IPO
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹8.87 Crores |
| Fresh Issue | 0.08 Crore Shares (₹8.87 Crores) |
| Offer for Sale (OFS) | Nil |
| Face Value | ₹10 per share |
| Price Band | ₹109 – ₹111 per share |
| Lot Size | 1,200 shares |
| Minimum Investment (Retail) | ₹2,66,400 (2,400 shares at upper price) |
| Minimum Investment (HNI/NII) | ₹3,99,600 (3,600 shares, 3 lots) |
| Bidding Dates | September 5, 2025 – September 10, 2025 |
| Allotment Date | September 11, 2025 |
| Listing Date (Tentative) | September 15, 2025 |
| Exchange | BSE SME |
| Book Running Lead Manager | Expert Global Consultants Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Market Maker | Nirman Share Brokers Pvt. Ltd. |
Vigor Plast IPO
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹25.10 Crores |
| Fresh Issue | 0.25 Crore Shares (₹20.24 Crores) |
| Offer for Sale (OFS) | 0.06 Crore Shares (₹4.86 Crores) |
| Face Value | ₹10 per share |
| Price Band | ₹77 – ₹81 per share |
| Lot Size | 1,600 shares |
| Minimum Investment (Retail) | ₹2,59,200 (3,200 shares at upper price) |
| Minimum Investment (HNI/NII) | ₹3,88,800 (4,800 shares, 3 lots) |
| Bidding Dates | September 4, 2025 – September 9, 2025 |
| Allotment Date | September 10, 2025 |
| Listing Date (Tentative) | September 12, 2025 |
| Exchange | NSE SME |
| Book Running Lead Manager | Unistone Capital Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Market Maker | Alacrity Securities Ltd. |
Sharvaya Metals IPO
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹58.80 Crores |
| Fresh Issue | 0.25 Crore Shares (₹49.00 Crores) |
| Offer for Sale (OFS) | 0.05 Crore Shares (₹9.80 Crores) |
| Face Value | ₹10 per share |
| Price Band | ₹192 – ₹196 per share |
| Lot Size | 600 shares |
| Minimum Investment (Retail) | ₹2,35,200 (1,200 shares at upper price) |
| Minimum Investment (HNI/NII) | ₹3,52,800 (1,800 shares, 3 lots) |
| Bidding Dates | September 4, 2025 – September 9, 2025 |
| Allotment Date | September 10, 2025 |
| Listing Date (Tentative) | September 12, 2025 |
| Exchange | BSE SME |
| Book Running Lead Manager | Expert Global Consultants Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Market Maker | Globalworth Securities Ltd. |
Austere Systems IPO
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹15.57 Crores |
| Fresh Issue | 0.28 Crore Shares (₹15.57 Crores) |
| Offer for Sale (OFS) | Nil |
| Face Value | ₹10 per share |
| Price Band | ₹52 – ₹55 per share |
| Lot Size | 2,000 shares |
| Minimum Investment (Retail) | ₹2,20,000 (4,000 shares at upper price) |
| Minimum Investment (HNI/NII) | ₹3,30,000 (6,000 shares, 3 lots) |
| Bidding Dates | September 3, 2025 – September 8, 2025 |
| Allotment Date | September 9, 2025 |
| Listing Date (Tentative) | September 11, 2025 |
| Exchange | BSE SME |
| Book Running Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Market Maker | SKI Capital Services Ltd., Wiinance Financial Services Pvt. Ltd. |
Goel Construction IPO
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹100.15 Crores |
| Fresh Issue | 0.31 Crore Shares (₹80.81 Crores) |
| Offer for Sale (OFS) | 0.07 Crore Shares (₹18.96 Crores) |
| Face Value | ₹10 per share |
| Price Band | ₹250 – ₹263 per share |
| Lot Size | 400 shares |
| Minimum Investment (Retail) | ₹2,09,600 (800 shares at upper price) |
| Minimum Investment (HNI/NII) | ₹3,14,400 (1,200 shares, 3 lots) |
| Bidding Dates | September 2, 2025 – September 4, 2025 |
| Allotment Date | September 8, 2025 |
| Listing Date (Tentative) | September 10, 2025 |
| Exchange | BSE SME |
| Book Running Lead Manager | Srujan Alpha Capital Advisors LLP |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Market Maker | Choice Equity Broking Pvt. Ltd., Rikhav Securities Ltd. |
Optivalue Tek Consulting IPO
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹51.82 Crores |
| Fresh Issue | 0.62 Crore Shares (₹51.82 Crores) |
| Offer for Sale (OFS) | Nil |
| Face Value | ₹10 per share |
| Price Band | ₹80 – ₹84 per share |
| Lot Size | 1,600 shares |
| Minimum Investment (Retail) | ₹2,68,800 (3,200 shares at upper price) |
| Minimum Investment (HNI/NII) | ₹4,03,200 (4,800 shares, 3 lots) |
| Bidding Dates | September 2, 2025 – September 4, 2025 |
| Allotment Date | September 8, 2025 |
| Listing Date (Tentative) | September 10, 2025 |
| Exchange | NSE SME |
| Book Running Lead Manager | Share India Capital Services Pvt. Ltd. |
| Registrar | Cameo Corporate Services Ltd. |
| Market Maker | Choice Equity Broking Pvt. Ltd. |
Rachit Prints IPO
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹19.49 Crores |
| Fresh Issue | 0.13 Crore Shares (₹19.49 Crores) |
| Offer for Sale (OFS) | Nil |
| Face Value | ₹10 per share |
| Price Band | ₹140 – ₹149 per share |
| Lot Size | 1,000 shares |
| Minimum Investment (Retail) | ₹2,98,000 (2,000 shares at upper price) |
| Minimum Investment (HNI/NII) | ₹4,47,000 (3,000 shares, 3 lots) |
| Bidding Dates | September 1, 2025 – September 3, 2025 |
| Allotment Date | September 4, 2025 |
| Listing Date (Tentative) | September 8, 2025 |
| Exchange | BSE SME |
| Book Running Lead Manager | Khambatta Securities Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Market Maker | Prabhat Financial Services Ltd. |
What is SME IPO?
SME IPO (Small and Medium Enterprises Initial Public Offering) is a method of raising funds to be used by smaller companies through stock market, such as BSE SME and NSE Emerge. These IPOs are generally smaller in nature, their listing criteria are less stringent and they provide an early entry point to investors who want to diversify their IPO portfolio by investing in smaller caps.
Why Track SME IPOs with IPO Ji?
IPO Ji is India’s most trusted IPO tracking platform, helping you stay informed about:
- Upcoming SME IPOs
- Ongoing IPO subscriptions
- Day-wise SME IPO activity
- Grey Market Premiums (GMPs)
- Allotment status
- SEBI-approved SME prospectuses
- Easy links to apply online via UPI through supported brokers
Our IPO Calendar is updated daily with SME IPO timelines, giving you a real-time edge in applying before deadlines.
How to Apply for SME IPOs Online via IPO Ji
Applying for SME IPOs is simple on IPO Ji:
- Track IPO openings daily using our IPO Calendar.
- Visit the detailed IPO page for each SME listing.
- Click the "Apply Now" button to be redirected to your preferred broker.
- Apply via UPI and get real-time status alerts.
Stay updated on subscription status, allotment, and listing day buzz — all in one place on IPO Ji.
