By IPOMarket Editorial Team · Published: May 18, 2026
Disclaimer: This article is for informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Please read the offer document carefully and consult a SEBI-registered investment advisor before investing.
The week of May 18-26, 2026 brings no mainboard IPO action but a busy SME calendar — six small-and-mid enterprise issues will open across NSE SME and BSE SME platforms in a span of nine days. Issue sizes range from ₹14.6 crore to ₹50+ crore, with sectors spanning dry fruits, restaurants, construction formwork, textiles, automotive accessories and packaged foods.
For SME-focused retail investors, the calendar offers a diversified menu — but it also requires more careful screening given the larger lot-size investments and lower secondary market liquidity that characterise SME platforms.
The 6 SME IPOs This Week — At a Glance
| # | Company | Open | Close | Price Band | Issue Size | Platform |
|---|---|---|---|---|---|---|
| 1 | NFP Sampoorna Foods | May 18 | May 20 | ₹52-55 | — | NSE SME |
| 2 | Teamtech Formwork Solutions | May 19 | May 21 | ₹61-63 | ₹50.15 cr | SME |
| 3 | Vegorama Punjabi Angithi | May 20 | May 22 | ₹73-77 | ₹38.30 cr | BSE SME |
| 4 | Harikanta Overseas | May 20 | May 22 | — | — | SME |
| 5 | Autofurnish | May 21 | May 25 | ₹41 (fixed) | ₹14.60 cr | SME |
| 6 | M R Maniveni Foods | May 22 | May 26 | ₹51-52 | ₹27.04 cr | SME |
1. NFP Sampoorna Foods IPO — Premium Dry Fruits Play
- Open: May 18, 2026 | Close: May 20, 2026 | Listing: May 25, 2026 (tentative).
- Price band: ₹52-55 per share.
- Lot size: 2,000 shares.
- Retail minimum: ₹1,10,000 (4,000 shares).
- Platform: NSE SME.
NFP Sampoorna Foods Limited (incorporated 2019) operates in the processing, packaging, marketing and distribution of premium dry fruits and food products. The packaged dry fruits category has been one of the fastest-growing organised retail segments in India through 2022-26, with category leaders commanding pricing power on private-label and branded SKUs.
2. Teamtech Formwork Solutions IPO
- Open: May 19, 2026 | Close: May 21, 2026.
- Price band: ₹61-63 per share.
- Fresh issue: ₹50.15 crore.
Teamtech operates in the construction formwork and shuttering segment — a B2B industrial supply category that benefits from India's residential and infrastructure construction cycle. Formwork is a working-capital-heavy business, which explains the relatively large fresh-issue size.
3. Vegorama Punjabi Angithi IPO — Pure-Veg Restaurant Chain
- Open: May 20, 2026 | Close: May 22, 2026 | Listing: May 27, 2026 (tentative).
- Price band: ₹73-77 per share.
- Lot size: 1,600 shares.
- Individual minimum: ₹2,46,400 (3,200 shares).
- Platform: BSE SME.
- Issue size: ₹38.30 crore (fresh issue + OFS).
Vegorama Punjabi Angithi operates pure-vegetarian food services under the Punjabi Angithi brand — dine-in restaurants, cloud kitchens and outdoor catering. The pure-veg restaurant category in India has structural tailwinds in tier-1 and tier-2 cities, but unit-economics scrutiny will be the key investor question given the high lot-size ticket.
4. Harikanta Overseas IPO
- Open: May 20, 2026 | Close: May 22, 2026.
- Sector and specifics to be confirmed at RHP filing.
5. Autofurnish IPO — Automotive Accessories
- Open: May 21, 2026 | Close: May 25, 2026.
- Fixed price: ₹41 per share.
- Fresh issue: ₹14.60 crore.
The smallest issue of the week. Autofurnish operates in automotive interior accessories — a category benefiting from rising vehicle penetration and the post-purchase customisation wallet of Indian car buyers.
6. M R Maniveni Foods IPO
- Open: May 22, 2026 | Close: May 26, 2026.
- Price band: ₹51-52 per share.
- Issue size: ₹27.04 crore.
Packaged food category — competing in a crowded segment but with the SME structural tailwind of organised vs unorganised category shift.
How to Evaluate These SME IPOs
Before applying to any SME IPO, retail investors should check these five points using our IPO research tools:
- Lot size and minimum ticket. SME lot sizes are large — Vegorama needs ₹2.46 lakh minimum. Size positions accordingly.
- Promoter holding post-IPO. SME promoters typically retain very high stakes — public float is structurally low, capping early liquidity.
- Financial scale. Annual revenue, net profit, and YoY growth — the three numbers that matter most.
- Sector concentration risk. SME companies are often single-product, single-geography — read the risk factors carefully.
- GMP signal. Track our live IPO GMP page — for SMEs, GMP movement in the final 24 hours of subscription is particularly informative.
Two Listings Also Scheduled This Week
Alongside the six new subscriptions, two SME listings are scheduled in the same window — investors holding allotments should track listing-day price discovery via our IPO listing tracker.
Investor Takeaway
The May 18-26 SME calendar is unusually busy and sector-diverse — a positive signal for SME-platform liquidity, but a reminder for retail investors that not every SME issue is a buy. Apply selectively based on:
- Profitability vs growth-stage losses — the SME market has been less forgiving to loss-making issues in the May-June 2026 window.
- Promoter quality and group track record.
- Reasonable valuation vs comparable listed peers.
For a deeper SME framework, see our coverage of recent issues: Simca Advertising IPO review and the SME IPO subscription page.
Frequently Asked Questions
Which SME IPOs open this week? Six SME IPOs open between May 18 and May 26, 2026: NFP Sampoorna Foods, Teamtech Formwork Solutions, Vegorama Punjabi Angithi, Harikanta Overseas, Autofurnish and M R Maniveni Foods.
Are there any mainboard IPOs this week? No. The week of May 18, 2026 has no mainboard IPO subscription opening — only SME issues.
What is the NFP Sampoorna Foods IPO price band? The price band is ₹52-55 per share with a lot size of 2,000 shares (minimum retail application ₹1,10,000).
What is the Vegorama Punjabi Angithi IPO price band? ₹73-77 per share, lot size 1,600 shares, minimum individual application ₹2,46,400.
How do I apply for SME IPOs? Apply via UPI on any major broker — Zerodha, Upstox, Angel One, or Groww. Use our IPO portfolio tracker to monitor allotment.
Last reviewed: May 18, 2026 by IPOMarket Editorial Team.