3 SME IPOs open today: Vama Wovenfab, Shakti Polytarp and Quanto Agroworld. Check GMP and key details

The SME IPO segment is set for a busy week as three public issues—Vama Wovenfab, Shakti Polytarp and Quanto Agroworld—open for subscription today, September 15, 2026. Investors will have a three-day window to place their bids, with all three issues closing on September 17.

In the grey market, the Vama Wovenfab IPO is commanding a Rs 10 premium, implying a gain of around 3% over its upper issue price. In contrast, the Shakti Polytarp and Quanto Agroworld IPOs are currently trading at no premium or discount in the grey market (GMP).

Together, the three SME IPOs are looking to raise more than Rs 107 crore, although they differ in structure, pricing and investor ticket size. The Vama Wovenfab IPO is the largest of the three, with an issue size of Rs 49.54 crore. The Shakti Polytarp IPO is looking to raise Rs 26.93 crore, while the Quanto Agroworld IPO has a total issue size of Rs 31.02 crore.

Vama Wovenfab IPO

Among the three issues, the Vama Wovenfab IPO is attracting the most attention in the grey market. The IPO is a book-built issue worth Rs 49.54 crore, comprising an entirely fresh issue of 14.53 lakh shares. The price band has been fixed at Rs 324–Rs 341 per share, while the lot size is 400 shares.

For retail investors, the minimum application requires 800 shares, translating into an investment of Rs 2,72,800 at the upper end of the price band. HNI investors need to apply for a minimum of three lots, or 1,200 shares, requiring Rs 4,09,200.

The issue opens on September 15 and closes on September 17. The allotment is expected on September 18, while the company is tentatively scheduled to make its BSE SME debut on September 22.

Gretex Corporate Services Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar.

Vama Wovenfab IPO GMP: Vama Wovenfab was commanding a GMP of Rs 10. At the upper price band of Rs 341, the estimated listing price based on the latest GMP works out to around Rs 351 per share. This indicates an estimated gain of approximately 2.93% over the issue price. However, investors should remember that GMP is an unofficial indicator and does not guarantee the actual listing price.

Shakti Polytarp IPO

The Shakti Polytarp IPO is a Rs 26.93 crore book-built issue, consisting entirely of a fresh issue of 45.64 lakh shares. The company has set a price band of Rs 56–Rs 59 per share, with a lot size of 2,000 shares.

Retail investors need to bid for at least 4,000 shares, taking the minimum investment to Rs 2,36,000 at the upper price band. For HNI investors, the minimum application is three lots, or 6,000 shares, requiring Rs 3,54,000.

The IPO will remain open from September 15 to September 17, with allotment expected on September 18. The tentative listing date on the BSE SME platform is September 22.

NEXGEN Financial Solutions Pvt. Ltd. is the book-running lead manager, while Skyline Financial Services Pvt. Ltd. is the registrar.

Shakti Polytarp is currently showing no GMP in the grey market, suggesting that the issue is neither commanding a premium nor trading at a discount ahead of the subscription period.

Quanto Agroworld IPO

The third IPO hitting the SME market today is Quanto Agroworld, a Rs 31.02 crore fixed-price issue. The issue comprises an entirely fresh issue of 46.30 lakh shares, with the final issue price fixed at Rs 67 per share.

The lot size is 2,000 shares, while retail investors must apply for a minimum of 4,000 shares. At the issue price of Rs 67, this translates into a minimum investment of Rs 2,68,000.

Quanto Agroworld's IPO will be open from September 15 to September 17. The allotment is expected to be finalized on September 18, followed by a tentative BSE SME listing on September 22.

Sobhagya Capital Options Pvt. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar.

Quanto Agroworld is also showing no GMP in the grey market ahead of the IPO opening.

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