Upcoming IPOs in September 2025 include a mix of mainboard and SME (Small and Medium Enterprise) offerings. Between September 1 and September 10, 2025, a total of 11 IPOs are scheduled, comprising 3 mainboard offerings and 8 SME issues.
The mainboard IPOs include Amanta Healthcare, Shringar House of Mangalsutra, and Urban Company, collectively aiming to raise about ₹2,426.95 crore.
On the other hand, the SME IPOs—such as Goel Construction, Optivalue Tek Consulting, Austere Systems, Vigor Plast India, Sharvaya Metals, Vashishtha Luxury Fashion, Karbonsteel Engineering, and Taurian MPS—together plan to raise approximately ₹361.14 crore. Overall, these IPOs are expected to mobilise around ₹2,788.09 crore during the first ten days of September 2025.
A total of 11 IPOs are scheduled across six sectors. These include pharmaceuticals (1 IPO) and healthcare(1 IPO), jewellery and lifestyle(1 IPO), technology and IT services(3 IPO), infrastructure and construction(1 IPO), industrial manufacturing (4 IPO), and fashion and textiles(1 IPO), reflecting a broad sectoral spread for investors.
| Company Name | Date | Type | Price Band | Total Issue (₹ Cr) | Fresh Issue (₹ Cr) | Offer for Sale (₹ Cr) |
| Amanta Healthcare Limited | 1–3 Sept | Mainboard | ₹120–₹126 | 126 | 126 | – |
| Goel Construction Company Limited | 2–4 Sept | BSE SME | ₹250–₹263 | 100.15 | 81.12 | 19.03 |
| Optivalue Tek Consulting Limited | 2–4 Sept | NSE SME | ₹80–₹84 | 51.82 | 51.82 | – |
| Austere Systems Limited | 3–8 Sept | BSE SME | ₹52–₹55 | 15.57 | 15.57 | – |
| Vigor Plast India Limited | 4–9 Sept | NSE SME | ₹77–₹81 | 25.10 | 20.24 | 4.86 |
| Sharvaya Metals Limited | 4–9 Sept | BSE SME | ₹192–₹196 | 58.80 | 49.00 | 9.80 |
| Vashishtha Luxury Fashion Limited | 5–10 Sept | BSE SME | ₹109–₹111 | 8.87 | 8.87 | – |
| Karbonsteel Engineering Limited | 8–10 Sept | BSE SME | ₹151–₹159 | 59.30 | 48.33 | 10.97 |
| Taurian MPS Limited | 8–10 Sept | NSE SME | ₹162–₹171 | 42.53 | 42.53 | – |
| Shringar House of Mangalsutra Limited | 10–12 Sept | Mainboard | ₹155–₹165 | 400.95 | 400.95 | – |
| Urban Co. Limited | 10–12 Sept | Mainboard | ₹98–₹103 | 1,900 | 472 | 1,428 |
Here is the detailed list of Upcoming IPOs in September
Amanta Healthcare Limited (Mainboard IPO), incorporated in December 1994, is launching a ₹126 crore IPO in September 2025. The pharmaceutical company manufactures and markets sterile liquid products such as IV fluids, diluents, ophthalmic solutions, respiratory care products, irrigation solutions, and eye lubricants using Aseptic Blow-Fill-Seal (ABFS) and Injection Stretch Blow Moulding (ISBM) technologies. It also produces medical devices.
The IPO, entirely a fresh issue of one crore shares.
The IPO has a price band of ₹120–₹126 with a lot size of 119 shares.
The company plans to utilise ₹70 crore from the proceeds for capital expenditure on civil construction and equipment for setting up a new SteriPort manufacturing line at Hariyala, Kheda, Gujarat, while ₹30.13 crore will be allocated towards a new SVP manufacturing line at the same location.
Minimum investment for retail investors is ₹14,994. For non-institutional investors, sNII requires 1,666 shares (₹2,09,916) and bNII requires 7,973 shares (₹10,04,598).
Goel Construction Company Limited (BSE SME IPO), incorporated in 1997, is launching a ₹100.15 crore IPO in September 2025. The company is engaged in construction and infrastructure projects, with expertise in cement plants, power plants, dairies, hospitals, steel, pharmaceuticals, and institutional facilities.
The IPO is a book-build issue comprising a fresh issue of 0.31 crore shares (₹81.12 crore) and an offer for sale of 0.07 crore shares (₹19.03 crore).
The IPO has a price band of ₹250–₹263 per share with a lot size of 400 shares.
The IPO will be listed on the BSE SME.
The company plans to utilise ₹41.74 crore for capital expenditure on equipment and fleets, ₹23.05 crore for repayment/prepayment of borrowings, and the balance for general corporate purposes.
The minimum investment for retail investors is ₹2,10,400 (800 shares at the upper price). For HNI investors, the minimum is three lots (1,200 shares), amounting to ₹3,15,600.
Optivalue Tek Consulting Limited (NSE SME IPO), incorporated in June 2011, is launching a ₹51.82 crore IPO in September 2025. The company provides technology consulting and solutions for enterprise modernisation and digital transformation, including data integration, cloud solutions, DevOps, AI-driven analytics, telecommunications, web and mobile app development, data science, and digital engineering. It also focuses on generative AI, IP accelerators, and innovation investments.
The IPO is entirely a fresh issue of 0.62 crore shares.
The IPO has a price band of ₹80–₹84 with a lot size of 1,600 shares.
The IPO will be listed on NSE SME.
The company plans to utilise ₹12.77 crore for new product development, ₹1.70 crore for setting up a Bengaluru branch office, ₹6.04 crore for IT hardware/software upgrades, with the balance for working capital and general corporate purposes.
The minimum investment for retail investors is ₹2,68,800 (3,200 shares at the upper price). For HNI investors, the minimum is three lots (4,800 shares), amounting to ₹4,03,200.
Austere Systems Limited (BSE SME IPO), incorporated in 2013, is launching a ₹15.57 crore IPO in September 2025. The company provides IT services and solutions for start ups and enterprises, specialising in SaaS, mobile applications, web development, ERP, AI services, process automation, e-commerce, digital transformation, and database/document management.
The IPO is entirely a fresh issue of 0.28 crore shares.
The IPO has a price band of ₹52–₹55 with a lot size of 2,000 shares.
The IPO will be listed on BSE SME.
The company plans to utilise ₹11.60 crore from the proceeds for funding working capital requirements, with the balance earmarked for general corporate purposes.
The minimum investment for retail investors is ₹2,20,000 (4,000 shares at the upper price). For HNI investors, the minimum is three lots (6,000 shares), amounting to ₹3,30,000.
Vigor Plast India Limited (NSE SME IPO), incorporated in 2012, is launching a ₹25.10 crore IPO in September 2025. The company manufactures and supplies CPVC and UPVC pipes and fittings, SWR pipes, and PVC agricultural pipes for plumbing, sewage, agriculture, and industrial use. Its facility and registered office are located in Dared, Gujarat, with fully automated production systems. The company operates five warehouses in Gujarat and maintains a network of 440 distributors and dealers across 25 states and territories. It also provides an Android-based app, “Vigor India Plast,” for order placement.
The IPO is a book build issue comprising a fresh issue of 0.25 crore shares worth ₹20.24 crore and an offer for sale of 0.06 crore shares worth ₹4.86 crore.
The IPO has a price band of ₹77–₹81 per share with a lot size of 1,600 shares.
The IPO will be listed on NSE SME.
The company proposes to utilise ₹11.39 crore from the proceeds for repayment of secured borrowings, ₹3.80 crore for the construction of a new warehouse in Ahmedabad, and the balance for general corporate purposes.
The minimum investment for retail investors is ₹2,59,200 (3,200 shares at the upper price). For HNI investors, the minimum is three lots (4,800 shares), amounting to ₹3,88,800.
Sharvaya Metals Limited (BSE SME IPO), incorporated in 2014, is launching a ₹58.80 crore IPO in September 2025. The company manufactures, supplies, and exports aluminium products such as alloyed ingots, billets, slabs, sheets, and electric vehicle battery enclosures for domestic and international customers in the automotive, engineering, EV, cookware, appliances, and defence sectors.
The IPO is a book build issue comprising 0.25 crore fresh shares (₹49.00 crore) and 0.05 crore offer for sale shares (₹9.80 crore).
The IPO has a price band of ₹192–₹196 with a lot size of 600 shares.
The IPO will be listed on BSE SME.
The company plans to utilise ₹9.00 crore for working capital, ₹5.17 crore for civil construction and electrification, ₹20.40 crore for purchase of plant and machinery, and the balance for general corporate purposes.
The minimum investment for retail investors is ₹2,35,200 (1,200 shares at the upper price). For non-institutional investors, the minimum is 1,800 shares (₹3,52,800).
Vashishtha Luxury Fashion Limited (BSE SME IPO), incorporated in 2010, is launching an ₹8.87 crore IPO in September 2025. The company is engaged in the export of high fashion hand embroidery work, accessories, and finished garments. It operates as a 100% Export House serving fashion brands across Europe, the UK, USA, Australia, and Turkey. The company also runs a sample unit in Mumbai through its subsidiary, Vashishtha Embroidery Private Limited, and employs 21 people as of July 31, 2025.
The IPO is entirely a fresh issue of 0.08 crore shares.
The IPO has a price band of ₹109–₹111 with a lot size of 1,200 shares.
The IPO will be listed on BSE SME.
The company plans to utilise ₹3.64 crore from the IPO proceeds towards the purchase of embroidery machines for expansion, ₹2.69 crore for repayment or prepayment of borrowings, and the balance towards general corporate purposes.
The minimum investment for retail investors is two lots, or 2,400 shares, amounting to ₹2,66,400 at the upper price band. For non-institutional investors, the minimum is three lots, or 3,600 shares, requiring an investment of ₹3,99,600.
Karbonsteel Engineering Limited (BSE SME IPO), incorporated in 2011, is launching a ₹59.30 crore IPO in September 2025. The company provides engineering solutions including design, manufacturing, and supply of products for steel plants, railway bridges, oil & gas plants, and refineries. It operates two manufacturing facilities in Gujarat and Maharashtra with a combined capacity of 32,400 MT per year.
The IPO is a book-built issue comprising a fresh issue of 0.30 crore shares aggregating ₹48.33 crore and an offer for sale of 0.07 crore shares aggregating ₹10.97 crore.
The IPO has a price band of ₹151–₹159 with a lot size of 800 shares.
The IPO will be listed on BSE SME.
The company plans to utilise ₹12.29 crore for the expansion of the Umbergaon facility, ₹3.08 crore for repayment of borrowings, ₹25.25 crore for working capital requirements, and the balance for general corporate purposes.
The minimum investment for retail investors is ₹2,54,400 (1,600 shares at the upper price). For non-institutional investors, the minimum is three lots (2,400 shares), requiring ₹3,81,600.
Taurian MPS Limited (NSE SME IPO), incorporated in June 2010, is launching a ₹42.53 crore IPO in September 2025. The company manufactures and supplies crushing and screening equipment for mining and construction under the “Taurian” brand, including jaw crushers, cone crushers, VSI crushers, vibrating screens, washing systems, and complete crushing plants.
The IPO is entirely a fresh issue of 0.25 crore shares.
The IPO has a price band of ₹162–₹171 with a lot size of 800 shares.
The IPO will be listed on NSE SME.
The company plans to utilise ₹6.07 crore for acquisition of machinery and equipment at the existing facility, ₹1.95 crore for acquisition of R&D equipment, ₹22.60 crore for working capital requirements, and the balance for general corporate purposes.
The minimum investment for retail investors is ₹2,73,600 (1,600 shares). For HNI investors, the minimum application size is two lots (2,400 shares), amounting to ₹4,10,400.
Urban Co. Limited (Mainboard IPO), incorporated in December 2014, is launching a ₹1,900 crore IPO in September 2025. The company is a technology-driven, full-stack online marketplace offering home and beauty services across 51 cities in India, UAE, and Singapore, excluding its Saudi Arabia joint venture. Its platform allows booking of services such as cleaning, plumbing, electrical work, appliance repair, beauty treatments, and massage therapy. The company also sells water purifiers and electronic door locks under the brand ‘Native’ and provides service professionals with training, tools, financing, insurance, and branding support.
The IPO is a book build issue consisting of a fresh issue of 4.58 crore shares aggregating to ₹472 crore and an offer for sale of 13.86 crore shares aggregating to ₹1,428 crore.
The IPO has a price band of ₹98–₹103 with a lot size of 145 shares.
The IPO will be listed on NSE and BSE.
The company plans to utilise ₹190 crore for new technology development and cloud infrastructure, ₹75 crore for lease payments for offices, ₹90 crore for marketing activities, and the balance for general corporate purposes.
The minimum investment for retail investors is ₹14,935. For non-institutional investors, sNII requires 2,030 shares (₹2,09,090) and bNII requires 9,715 shares (₹10,00,645).
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