10 SME IPOs open for subscription today. All you need to know before bidding – News Air Insight

The primary market momentum is continuing with 10 SME IPOs opening simultaneously today. The surge comes amid a crowded September calendar that has already tested investor appetite across both the mainboard and SME segments.

The latest batch of offerings spans a diverse set of businesses — from logistics and dyes to biotech, e-mobility and technology solutions — underscoring the breadth of sectors tapping the public market for growth capital.

While the flurry of new issues reflects strong momentum in fundraising, it also leaves investors with the challenge of separating fundamentally sound opportunities from those merely riding on short-term sentiment.

The grey market premiums (GMPs) have been uneven across recent SME listings, suggesting a more cautious undertone despite oversubscription trends.

“The rush of IPOs has created choice but also confusion. Investors should look carefully at valuations, order books and promoter credibility rather than chasing GMP alone,” said a Mumbai-based analyst at a brokerage firm.

Among the notable IPOs opening today is Shlokka Dyes, which is seeking to raise Rs 63.5 crore at a price band of Rs 95–100. Shipwaves Online, an online logistics player, has launched its Rs 56.35 crore issue at a fixed price of Rs 12.Clean-tech player Greenleaf Envirotech is coming out with a Rs 21.9 crore issue priced at Rs 136 per share, while Valplast Technologies has fixed a price band of Rs 51–54 for its Rs 28.09 crore issue.Other companies in the fray include BAG Convergence (Rs 48.72 crore, price band Rs 82–87), Zelio E-Mobility (Rs 78.34 crore, price band Rs 129–136), and Sheel Biotech (Rs 34.02 crore, price band Rs 59–63).

Tech solutions firm Infinity Infoway has also launched a Rs 24.42 crore issue at Rs 147–155, while Munish Forge is looking to raise Rs 73.92 crore at Rs 91–96. Sunsky Logistics, meanwhile, has priced its Rs 16.84 crore IPO at Rs 46 per share.

Together, these 10 IPOs will mobilise more than Rs 400 crore from the SME market. With multiple listings also lined up over the next two weeks, analysts expect subscription patterns to become more selective, with investors preferring companies that demonstrate consistent growth, scalability, and prudent use of IPO proceeds.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)