Closed SME IPOs
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Closed SME IPOs 2026
| Companies | Open Date | Close Date | Issue Size | Issue Price | Lot Size | Action |
|---|---|---|---|---|---|---|
| Ravita Engineering Services Ltd | 14 Oct 2026 | 16 Oct 2026 | ₹116.05 Cr | ₹105-112 | 2400 | View Details |
| Vaibhav Vyapaar Ltd | 13 Oct 2026 | 15 Oct 2026 | ₹42.1 Cr | ₹51-54 | 4000 | View Details |
| R.K. Fashion Accessories Ltd | 5 Oct 2026 | 7 Oct 2026 | ₹34.99 Cr | ₹77-82 | 3200 | View Details |
| TNA Solutions Ltd | 30 Sept 2026 | 6 Oct 2026 | ₹37.86 Cr | ₹66-70 | 4000 | View Details |
| Eventions Ltd | 30 Sept 2026 | 5 Oct 2026 | ₹38.12 Cr | ₹112-118 | 2400 | View Details |
| Omara Ventures India Ltd | 30 Sept 2026 | 5 Oct 2026 | ₹41.99 Cr | ₹296-311 | 800 | View Details |
| Dove Soft Ltd | 30 Sept 2026 | 5 Oct 2026 | ₹72.6 Cr | ₹104-110 | 2400 | View Details |
| Sollfege Smart Electronics Ltd | 30 Sept 2026 | 5 Oct 2026 | ₹21.78 Cr | ₹55 | 4000 | View Details |
What Is a Closed SME IPO?
A closed SME IPO refers to a small and medium enterprise initial public offering whose subscription window has ended. Once the IPO subscription period closes, investors can no longer submit new applications for that issue.
Companies launch SME IPOs to raise capital from the public through the SME platforms of the National Stock Exchange of India and the BSE Limited. These IPOs are usually open for subscription for three to five working days, after which they are categorized as recently closed SME IPOs.
Investors often track recently closed SME IPOs to review subscription demand, check allotment results, and monitor potential listing performance.
What to Check in a Closed SME IPO?
1.
Subscription Status
The subscription status shows how many times the IPO was subscribed across different investor categories, such as individual investors, non-institutional investors (NIIs), and qualified institutional buyers (QIBs). A recently closed SME IPO with strong oversubscription reflects a higher number of applications relative to shares offered. Investors usually track the final subscription figures published by the exchanges (NSE & BSE).
1.
Subscription Status
The subscription status shows how many times the IPO was subscribed across different investor categories, such as individual investors, non-institutional investors (NIIs), and qualified institutional buyers (QIBs). A recently closed SME IPO with strong oversubscription reflects a higher number of applications relative to shares offered. Investors usually track the final subscription figures published by the exchanges (NSE & BSE).
2.
Issue Price
The issue price is the price at which investors applied for shares during the IPO subscription period. This price later becomes the reference point for comparing the stock's listing price when trading begins.
3.
Issue Size
The issue size refers to the total value of shares offered in the IPO. It helps investors understand the scale of the offering and the amount of capital the company aims to raise from public investors.
4.
Lot Size and Minimum Investment
SME IPOs usually have larger lot sizes compared to mainboard IPOs. As per recent regulatory changes, the minimum investment amount generally exceeds ₹2 lakh, since investors must apply for at least two lots in most SME IPOs.
What Happens After an IPO Subscription Closes?
Once the subscription period ends for a closed SME IPO, the issue enters the post-subscription stage, which includes allotment finalisation, fund settlement, and listing.
As per the framework introduced by the Securities and Exchange Board of India, SME IPOs now follow a strict T+3 timeline, meaning the entire process from closing to listing typically takes three working days.
Timeline After an SME IPO Closes
| Phase | Timeline | Action for Investors |
|---|---|---|
| Data Finalisation | Evening of closing day | Investors can review the final subscription numbers released by the exchanges. |
| Allotment Basis | T+1 (next working day) | Check the IPO allotment status on the registrar's website. |
| Fund Release | T+2 | Banks unblock ASBA funds for applicants who did not receive shares. |
| Demat Credit | T+2 | Shares allotted are credited to the investor's demat account. |
| Listing Day | T+3 | Shares begin trading on the SME platform of the exchange. |
IPO Allotment Process for Recently Closed SME IPO
After an SME IPO closes, the registrar determines the basis of allotment depending on demand and the number of shares available. The latest regulations have aligned the SME IPO allotment process with the mainboard IPO system.
When a recently closed SME IPO receives more applications than available shares, allotment is done through a lottery-based system.
1. For Individual Investors
- Allotment is determined through a lottery system.
- The minimum allotment is usually 2 lots.
- Investors applying for more lots do not have a higher probability of allotment.
- For example, an investor applying for 5 lots may still receive only 2 lots, which is the minimum allotment.
2. For NIIs (HNIs)
- The earlier proportionate allotment method has been removed.
- Now, they follow a Draw of Lots similar to the individual category.
- This change prevents large investors from guaranteeing an allotment simply by placing large bids.
How Investors Can Track the Performance of Recently Closed SME IPOs?
Investors closely monitor recently closed SME IPOs to evaluate their potential performance after listing.
Check IPO Allotment Status
After the IPO closes, the registrar finalises the basis of allotment. Investors can check their allotment status on the registrar's website using details such as PAN or application number.
Monitor Demat Account
Investors can check their holdings through their broker platform or the consolidated account statement (CAS) from CDSL or NSDL.
Track Listing Date and Price
Investors often track the opening price and compare it with the issue price after listing on the SME platforms of the National Stock Exchange of India or BSE Limited.
Analyse Early Trading
On the listing day, investors may review price movement, trading volume, and market sentiment to gauge investor interest.
Monitor Post-Listing Updates
After listing, investors often follow company announcements, financial results, and business developments to monitor post-listing developments..
Closed SME IPO FAQs
Your Questions, Answered
- For a recently closed SME IPO, the allotment is typically finalised on T+1, which is the next working day after the issue closes.
- Shares allotted in a closed SME IPO are generally credited to the investor's demat account on T+2, which is two working days after the IPO closes.
- Most recently closed SME IPOs are listed on the stock exchange on T+3, following the SEBI-mandated timeline.
- The standard timeline is:
- T+1: Allotment finalised
- T+2: Shares credited to demat accounts and funds unblocked
- T+3: Listing on the SME exchange platform
- No. In the case of an SME IPO, cancellation or downward modification of bids is not permitted for Individual Investors or other investor categories once the application has been submitted.
- Several factors can influence the listing price, including:
- Subscription demand
- Overall market conditions
- Company financial performance
- Industry outlook
- Investor sentiment
- An SME IPO listing gain occurs when a stock begins trading above its issue price on the listing day.An SME IPO listing gain occurs when the listing price is higher than the issue price. Listing outcomes may vary, and gains are not assured..
- Yes, they can be, but they require much higher due diligence. While SME IPOs offer the potential to invest in high-growth companies at an early stage, they come with unique structural risks.
- Investors should review the company's financial performance, revenue and profit growth, valuation, debt levels, cash flows, promoter background, business model, industry outlook, use of IPO proceeds, corporate governance, and liquidity before evaluating a recently listed SME company.
- Investors track SME IPOs that closed today to:
- Monitor allotment status
- Listing Schedules
- Market activity