Two Small and Medium Enterprise (SME) initial public offerings are set to open for subscription on September 22, 2026, providing investors with a three-day bidding window until September 24. According to The Economic Times, both issues are entirely fresh issues with proceeds earmarked for business expansion, working capital, debt repayment and other corporate requirements. The combined fundraising target of ₹52.02 crore across the two companies represents a significant opportunity for retail investors in the SME segment.
The Anand Seamless Tubes IPO is priced at ₹72 per share with a lot size of 1,600 shares, making the minimum retail application size 3,200 shares or an investment of ₹2,30,400. For HNI investors, the minimum application is 4,800 shares requiring an investment of ₹3,45,600. Aftertrade Broking Pvt. Ltd. serves as the book-running lead manager, while MUFG Intime India Pvt. Ltd. acts as the registrar. The company plans to utilize proceeds primarily for manufacturing capacity expansion, technological upgrades, cost optimization and support for its manufacturing facility in Mahesana, Gujarat. Additionally, ₹5.73 crore will be used to repay outstanding secured and unsecured borrowings, ₹3.70 crore for general corporate purposes, and ₹3.13 crore towards issue expenses.
The Himalaya Nutravedics IPO carries a price band of ₹100-₹106 per share with a lot size of 1,200 shares. For retail investors, the minimum application is 2,400 shares requiring an investment of ₹2,54,400 at the upper price band. The minimum HNI application is 3 lots or 3,600 shares, translating into an investment of ₹3,81,600 at the upper price band. Nirbhay Capital Services Pvt. Ltd. serves as the book-running lead manager, while KFin Technologies Ltd. acts as the registrar. The company plans to utilize ₹13.75 crore of net proceeds for working capital requirements, ₹7.50 crore towards business development and digital marketing activities, with the remaining proceeds allocated for general corporate purposes.
Both IPOs are scheduled to close on September 24, 2026, with allotment expected to be finalized on September 25. According to The Economic Times, shares are proposed to list on the BSE SME platform on September 28, 2026. The three-day subscription window provides investors with a concentrated opportunity to participate in the SME IPO market across diverse sectors including manufacturing and healthcare services.
