The Indian stock market is witnessing a surge in SME and Mainboard IPOs. On September 30, 2025, the share allotment for six companies’ IPOs was finalized, sparking excitement among investors. These include Earkart Ltd, Gujarat Peanut & Agri Products Ltd, Chatterbox Technologies Ltd, Trualt Bioenergy Ltd, Telge Projects Ltd, and Jinkushal Industries Ltd. Mostly listed on the BSE SME platform, these IPOs span diverse sectors such as healthtech, agriculture, digital marketing, bioenergy, engineering, and construction machinery. The share credit to demat accounts is expected on October 1, with listings scheduled for October 3. Let’s dive into the key details of these IPOs.
Earkart Ltd (BSE SME): A New Bet in Healthtech
Earkart Ltd operates a healthtech portal specializing in hearing aids and accessories. Its IPO was a fixed-price issue valued at ₹49.26 crore, comprising a fresh issue of ₹44.75 crore and an offer for sale of ₹4.51 crore. The IPO was open from September 25 to 29, priced at ₹135 per share, with a minimum lot size of 2,000 shares (₹2,70,000 investment). Allotment was finalized on September 30, with listing on BSE SME on October 3. The company reported a profit of ₹6.88 crore in FY25, more than doubling from ₹3.06 crore the previous year, making it attractive for long-term investors.
Gujarat Peanut & Agri Products Ltd (BSE SME): Strength in Agri Sector
Based in Rajkot, Gujarat Peanut & Agri Products Ltd focuses on cleaning, grading, processing, and trading peanuts, seeds, food grains, and pulses. The IPO was a fully fresh issue worth ₹23.81 crore (29.76 lakh shares), priced at ₹80 per share, with a lot size of 1,600 shares. Open from September 25 to 29, allotment was finalized on September 30, with listing on BSE SME on October 3. FY25 revenue grew 22% to ₹xx crore, while PAT surged 65%. With a strong network in Gujarat, West Bengal, Rajasthan, and beyond, this company is appealing to agri-sector investors.
Chatterbox Technologies Ltd (BSE SME): The New Face of Digital Marketing
Mumbai-based Chatterbox Technologies specializes in digital and influencer marketing and social media management, with two segments: Chatterbox and Chatrsocial. The IPO was a fresh issue of ₹42.86 crore (37.27 lakh shares), with a price band of ₹110-₹115 and a lot size of 1,200 shares. Open from September 25 to 29, allotment was finalized on September 30, with listing on BSE SME on October 3. FY25 saw a 7% revenue increase and a 4% PAT rise. With 97 employees, the company connects brands with India’s cultural pulse, and IPO proceeds will strengthen its technology.
Trualt Bioenergy Ltd (Mainboard): Surge in Biofuels
Bengaluru-based Trualt Bioenergy is a leading biofuel manufacturer producing ethanol, ENA, and CBG. Its ₹839 crore IPO had a price band of ₹472-₹496, with a lot size of 30 shares (₹14,880 minimum). Open from September 25 to 29, allotment was finalized on September 30, with listing on BSE and NSE on October 3. With five distillery units in Karnataka, FY25 revenue grew 54%, and PAT surged 361%. IPO proceeds will fund manufacturing expansion and working capital, aligning with India’s renewable energy goals, attracting large investors.
Telge Projects Ltd (BSE SME): Engineering Solutions in AEC
Pune-based Telge Projects provides BIM, structural design, MTO, and 2D drafting services for the architecture, engineering, and construction (AEC) industry. The book-built IPO was worth ₹27.24 crore (25.94 lakh shares), with a price band of ₹95-₹105. Open from September 25 to 29, allotment was finalized on September 30, with listing on BSE SME on October 3. FY25 revenue doubled to ₹2,508 lakh. With 81 active projects and an order book of ₹442 lakh, IPO proceeds will fund office premises, computers, and software.
Jinkushal Industries Ltd (Mainboard): Global Construction Machinery Exporter
Raipur-based Jinkushal Industries exports new, used, and refurbished construction machinery to over 30 countries. The book-built IPO was worth ₹116.15 crore (fresh issue ₹104.54 crore + OFS ₹11.61 crore), with a price band of ₹115-₹121 and a lot size of 120 shares. Open from September 25 to 29, allotment was finalized on September 30, with listing on BSE and NSE on October 3. FY25 revenue grew 60% to ₹385.8 crore. With its ‘Haxcel’ brand and UAE subsidiary Haxco Global, the IPO saw 65x subscription and a GMP of ₹20 (16.5%).
Tips for Investors
These IPOs reflect India’s diverse sectors with high growth potential. To check allotment status, investors can log in to the registrar’s website (e.g., Skyline, Bigshare, Integrated) or BSE/NSE using PAN/DP ID. While listing gains are uncertain, positive GMP signals optimism. Long-term holders may find these IPOs promising. Market experts suggest renewable energy and export-focused IPOs could see strong momentum. Assess risks before investing.
Note: This article is based on available information. Check official sources for the latest updates.