S
Speciality Medicines Limited
SMENSE SME
Price
₹94–99
Lot Size
1400 sh
Min Inv
₹139K
GMP
+₹22(+22.2%)
Est. ₹121
Subscription14.80x
Closes 24 Mar
Details SME IPO 2026 — NSE Emerge & BSE SME
All SME IPOs on NSE Emerge and BSE SME platforms — open, upcoming, and recently listed
3Total SME IPOs
2Open
1Upcoming
0Listed 2026
SME IPO Risk Disclosure
SME IPOs have higher investment minimums (typically ₹1-2 lakh), lower post-listing liquidity, and are generally considered higher risk than mainboard IPOs. Market makers provide mandatory liquidity support but trading volumes may be thin. Thoroughly research the company, read the RHP carefully, and only invest amounts you can afford to hold for an extended period. IPOGenie recommends SME IPOs only for experienced investors who understand the associated risks.
🟢 Open Now (2)
🔵 Upcoming (1)
Understanding SME IPOs in India
SME IPOs (Small and Medium Enterprise Initial Public Offerings) are designed for smaller companies to access capital markets. In India, SME IPOs list on NSE Emerge (NSE's SME platform) or BSE SME. The SME IPO market has grown dramatically — over 300 SME companies listed in 2024 alone.
Key Differences from Mainboard IPOs
SME IPOs have higher lot sizes (minimum investment often ₹1-2 lakh), mandatory market making for 3 years post-listing, lower disclosure requirements, and restricted trading only on the exchange where listed. The allotment process differs — in the NII (non-institutional) category, allotment is proportional rather than lottery-based.
Who Should Invest in SME IPOs?
SME IPOs are best suited for experienced investors who can afford to hold the investment for medium to long term and understand that exit liquidity may be limited. High minimum investment amounts mean retail participation is more selective than mainboard IPOs.