Top 5 SME IPOs This Week: What Investors Need to Know
The Indian primary market is set for a busy week as Top 5 SME IPOs this week open for subscription, offering investors multiple opportunities at the same time. Collectively, these SME issues aim to raise over ₹226 crore, highlighting strong momentum in the small and medium enterprise segment.
Adding to the action, Shadowfax Technologies made its much-awaited mainboard debut on January 28, marking one of the key listings to watch this week.
Market experts say healthy liquidity, consistent retail participation, and growing interest in SME IPOs are keeping the primary market active despite mixed signals from the broader indices.
SME IPOs Opening This Week
1. Kasturi Metal Composites
IPO Opened: January 27
Price Band: ₹61–64
Issue Size: ₹17.6 crore
Shares Offered: 27.52 lakh
Listing Platform: BSE SME
Kasturi Metal Composites manufactures steel fibre products used in construction and infrastructure, sectors seeing steady demand.
2. Kanishk Aluminium India
Opens: January 28
Issue Size: ₹29.2 crore
Price: ₹73 per share
Business: Aluminium extrusion products
3. Msafe Equipments
Opens: January 28
Price Band: ₹116–123
Issue Size: ₹66.42 crore
Business: Aluminium scaffolding solutions
4. Accretion Nutraveda
Opens: January 28
Price Band: ₹122–129
Issue Size: ₹24.8 crore
Sector: Ayurvedic and nutraceutical products
5. CKK Retail Mart
Opens: January 30
Price Band: ₹155–163
Issue Size: ₹88 crore
Business: Agro-commodities and carbonated soft drinks distribution
IPOs That Closed This Week
Hannah Joseph Hospital: Subscribed 55%
Shayona Engineering: Subscribed 1.34 times
Both issues closed on January 27 and belong to the SME segment.
Listings This Week: Spotlight on Shadowfax
Among the five expected listings, Shadowfax Technologies stands out. The logistics solutions provider listed on BSE and NSE on January 28. Its ₹1,907 crore IPO was subscribed 2.72 times.
However, the stock is not commanding any premium in the grey market, indicating a likely flat or muted listing.
Other listings include:
Digilogic Systems: BSE SME – January 28
KRM Ayurveda: NSE Emerge – January 29
Hannah Joseph Hospital & Shayona Engineering: BSE SME – January 30
Market Outlook and Investor Takeaway
This is a shortened trading week, so volumes may remain moderate. The focus clearly remains on the Top 5 SME IPOs this week, where retail investors continue to show interest.
Experts advise investors to:
Track allotment status and GMP closely
Understand SME IPO risks
Avoid overexposure
While Shadowfax’s listing may not spark immediate excitement, sustained IPO activity suggests confidence in India’s primary market remains strong.
