Three Small and Medium Enterprise (SME) IPOs opened for subscription today, September 15, 2026, with a combined fundraising target of more than ₹107 crore. According to The Economic Times, the three public issues - Vama Wovenfab, Shakti Polytarp, and Quanto Agroworld - will remain open for subscription until September 17, 2026. The issues differ significantly in structure, pricing, and investor ticket sizes, with varying grey market premiums indicating different investor sentiment across the three offerings.
As reported by The Economic Times, the Vama Wovenfab IPO commands a ₹10 grey market premium (GMP), implying a gain of approximately 3% over its upper issue price. In contrast, Shakti Polytarp and Quanto Agroworld IPOs are currently trading at no premium or discount in the grey market, suggesting neutral investor sentiment ahead of the subscription period. The GMP serves as an unofficial indicator but does not guarantee actual listing prices.
According to The Economic Times, Vama Wovenfab is the largest of the three offerings with an issue size of ₹49.54 crore. Retail investors require a minimum application of 800 shares (₹2,72,800 at upper price band), while HNI investors must apply for 1,200 shares (₹4,09,200). The issue opens September 15 and closes September 17, with allotment expected September 18 and BSE SME debut tentatively scheduled for September 22. Gretex Corporate Services Ltd. serves as the book-running lead manager, while Maashitla Securities Pvt. Ltd. acts as the registrar.
As reported by The Economic Times, Shakti Polytarp is seeking to raise ₹26.93 crore with a lot size of 2,000 shares, requiring retail investors to apply for minimum 4,000 shares (₹2,36,000 at upper price band). HNI investors need three lots (₹3,54,000). Quanto Agroworld has an issue size of ₹31.02 crore with a lot size of 2,000 shares, requiring retail minimum of 4,000 shares (₹2,68,000). NEXGEN Financial Solutions Pvt. Ltd. manages Shakti Polytarp, while Quanto Agroworld is managed by Sobhagya Capital Options Pvt. Ltd.
