Five SME initial public offerings opened for subscription on 23 September 2026, together aiming to raise about ₹169 crore, with a three-day bidding window closing on 25 September, according to Inkl’s market coverage.
Which Five IPOs Opened Today
The five issues are Coreintegra Consulting Services, Pooja Logistics, Liqvd Digital India, S.K. Offset and Unitec Fibres. Coreintegra Consulting and Pooja Logistics will list on the NSE SME platform, while Liqvd Digital, S.K. Offset and Unitec Fibres will debut on BSE SME, according to Inkl.
Allotment for all five is expected to be finalised on 28 September 2026, with tentative listing on 30 September 2026.
Issue Details for Each Company
Coreintegra Consulting Services, a workforce-management and HR-technology company, is raising ₹21.99 crore entirely through a fresh issue of 28.19 lakh shares, priced at ₹74 to ₹78 per share, according to Univest and Inkl. The company reported FY26 revenue growth of around 28%, per Univest’s review.
Pooja Logistics is raising ₹44.23 crore, entirely a fresh issue of 38.46 lakh shares, priced at ₹109 to ₹115 per share with a lot size of 1,200 shares, requiring a minimum retail investment of about ₹2,76,000 at the upper band, Inkl reported. Share India Capital Services is the book-running lead manager.
Liqvd Digital India is raising ₹39.01 crore through a combination of a fresh issue worth ₹34.14 crore and an offer for sale worth ₹4.87 crore, per Inkl’s coverage, with a price band of ₹51 to ₹54 per share, according to Bajaj Broking.
S.K. Offset’s issue is priced at ₹119 to ₹125 per share, and Unitec Fibres is priced at ₹83 to ₹88 per share, according to Bajaj Broking’s IPO tracker; both are listing on BSE SME alongside Liqvd Digital.
Why SME IPOs Need Extra Caution
SME (small and medium enterprise) IPOs are listed on separate SME platforms of the BSE and NSE, with lighter disclosure and listing requirements than mainboard IPOs, and they typically see far lower trading volumes once listed.
This combination of thinner disclosure and lower liquidity means SME IPO shares can be more volatile after listing than mainboard stocks, so investors should read the red herring prospectus (RHP) for each company’s financials and risk factors rather than relying only on subscription buzz or grey-market premium (GMP) chatter.
How Retail Investors Can Apply
Retail investors can apply for these IPOs through the ASBA (Applications Supported by Blocked Amount) facility via their bank’s net banking, or through the UPI route offered by most brokers, entering the desired quantity and price within the band before the 25 September close.
To apply for any of these issues, or to hold and sell the shares once allotted, investors will need an active demat account and trading account registered with a SEBI-registered broker.
Those tracking subscription numbers as they update over the three-day bidding window can do so through an online trading platform’s IPO section rather than waiting for a single end-of-day report.
Stock markets are subject to market risks. This article is for informational purposes only and is not investment advice.
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