While five mainboard IPOs dominate next week's headlines, the SME board has its own busy calendar. Four BSE SME IPOs open between October 27 and October 29, 2026, seeking a combined about ₹200 crore. For founders tracking startup funding in India, the SME pipeline matters because it is where smaller, profitable businesses raise growth capital without waiting for mainboard scale.

Four issues, four sectors

The largest of the four is Wiscon Industries, a consumer electronics company, which opens on October 27 and closes on October 29. Its ₹110-crore issue is priced at ₹194–204 per share, with a lot size of 600 shares.

Ajwa Projects, a civil construction company, opens on October 28 and closes on October 30. Its ₹38.05-crore issue is a fixed-price offer at ₹203 per share, with a lot size of 600 shares and a minimum bid of 1,200 shares (₹2,43,600). It is expected to list on BSE SME on November 4, 2026.

Carver Roboweld, an industrial products company, also opens on October 28 and closes on October 30. Its ₹28.29-crore issue is priced at ₹76–80 per share, with a lot size of 1,600 shares, and it is likewise expected to list on November 4, 2026.

Antala Industries, a packaging company, opens on October 29 and closes on November 2. Its ₹23.33-crore issue is priced at ₹63–67 per share, with a lot size of 2,000 shares.

What to watch

Together, the four issues add up to ₹199.67 crore — Wiscon's ₹110 crore alone is more than half the total. All four list on BSE SME, where trading is in fixed lot sizes and liquidity is thinner than on the mainboard, so subscription levels in the first two days will be a better signal than grey-market chatter. Founders eyeing the SME route should read each prospectus for use of proceeds and promoter holding rather than judging by issue size alone.

Why it matters for founders

The SME board remains a live funding route for companies doing tens of crores in revenue: four unrelated businesses — electronics, construction, industrial products and packaging — are all raising growth capital in the same week. If your company is profitable at SME scale, the public market is an option long before mainboard size, but the lot sizes and thinner liquidity mean you should plan the listing as a long-term capital decision, not a listing-day event.