Closed SME IPO

SME Issues That Have Closed — 20 August 2026

As of 20 August 2026, 4 issues have closed and are between bidding and listing. Allotment has been published for 1 of them. The next to list is Technocrats Plasma, on 21 August.

• Technocrats Plasma — SME, ₹125–132, bidding closed 18 August, allotment published. Closed at 203.39x overall — QIB 169.54x, NII 312.32x, retail 175.94x. Highest category multiple: NII at 312.32x.   Registrar: Maashitla Securities Pvt. Ltd.   Grey market premium ₹59 (44.7%).
• ENS Enterprises — SME, ₹87–92, bidding closed 18 August, allotment due 19 August. Closed at 13.16x overall — QIB 9.44x, NII 23.24x, retail 10.97x. Highest category multiple: NII at 23.24x.   Registrar: Abhipra Capital Limited.   Grey market premium ₹6 (6.5%).
• Skytech Infinite Platform — SME, ₹73–77, bidding closed 18 August, allotment due 19 August. Closed at 2.09x overall — QIB 1.06x, NII 0.83x, retail 3.36x. Highest category multiple: retail at 3.36x.   Registrar: Integrated Registry Management Services Pvt. Ltd.   Grey market premium ₹1 (1.3%).
• Fascinate Textiles — SME, ₹148–156, bidding closed 19 August, allotment due 20 August. Closed at 1.14x overall — QIB 0.63x, NII 1.64x, retail 1.21x. Highest category multiple: NII at 1.64x.   Registrar: Cameo Corporate Services Ltd.   No grey market quote is available.

Final subscription decides the odds, not the outcome: where a category is oversubscribed, allotment within it is a draw of lots, so a large multiple does not reduce anyone's chance below anyone else's. Check allotment results → · Estimated allotment odds →

After an SME IPO Closes — Allotment and the Wait to List

SME issues follow the same mandatory T+3 schedule as the Mainboard: allotment finalised on T+1, refunds and share credit on T+2, listing on T+3, counting working days from the close.

• One category, one draw. Since July 2025 individual applicants sit in a single Individual Investor category rather than a retail bucket, and allotment there is a draw of lots. With a minimum ticket above Rs 2 lakh, the applicant pool is smaller than a Mainboard retail pool — which cuts both ways, because a popular SME issue concentrates that demand into far fewer available lots.
• Check with your PAN. The registrar publishes allotment on its own portal on the evening of T+1; the same PAN you applied with is all you need.
• Refunds release the block, not a transfer. If you applied via ASBA the bank lien is simply lifted on T+2 — no money moves, so watch your available balance rather than your transaction history.
• Listing is on BSE SME or NSE Emerge. A pre-open call auction sets the opening price, and the first day on a thinly traded platform can move violently in either direction.

Check results as they publish on our allotment page. How allotment works →

IPO investing carries risk of capital loss, allotment is not guaranteed, and grey market premium is an unofficial signal rather than a prediction. Nothing here is investment advice — read the offer document and consult a SEBI-registered adviser before committing capital.