IPO (Initial Public Offering) is a private company’s first time offering shares in the stock market to the general public. It is an opportunity for investors to become an early part of the company’s growth.
The number of investors keeping the budget in mind in 2025 has increased rapidly. These investors are looking for such IPOs, which are available at low prices but have the potential to give good returns in the future. For some reason, low-priced IPOs have become very attractive in today’s time.
This list has been prepared based on the discussions going on in the market, the news of the Draft Red Herring Prospectus (DRHP) filed by the company, and the upcoming SME (Small and Medium Enterprise) audio, with the aim to guide investors who are looking for good opportunities with less investment.
Why Consider IPOs Under ₹10?
1. Easy start for new investors
IPOs priced below ₹10 are an excellent option for investors who are entering the stock market for the first time. It is easy to start investing with a low budget and the risk is also limited.
2. Possibility of multibagger returns
History is witness to the fact that many low-priced IPOs have given tremendous returns in the long term. If the right company is chosen, an IPO of less than ₹10 can prove to be a multibagger in the future.
3. Diversification with less capital
It is possible to invest in many companies at such a low price. This makes it easier to diversify the portfolio and reduces dependence on a single company.
Risk Factors in Low-Priced IPOs
Lack of liquidity
Many IPOs priced below ₹10 are often from SME or small-cap companies, whose shares have very low trading volumes. This means that these shares cannot be easily sold if needed.
Mainly small-cap or SME companies
Most low-priced IPOs are brought by small companies, which have limited market presence and stability. These companies have the potential for growth, but the risk of failure is also high.
Risk of weak fundamentals
A low price does not always mean a better deal. Sometimes such companies have weak fundamentals — such as low revenues, losses, or inexperienced management. Therefore, it is very important to study the DRHP (Draft Red Herring Prospectus) and financials of the company before investing.
1. Globex Industries Limited
Sector: Manufacturing (SME)
Expected price range: ₹8 – ₹10 per share
Expected IPO date: March 2025
Company Introduction: Globex Industries is an emerging manufacturing company that manufactures industrial parts and machinery components. The company focuses on strengthening the supply chain of small and medium industries.
Why it is promising:
- The company has received support from the Ministry of MSME.
- Consistent revenue growth has been recorded in the last 2 years.
- Through the IPO, the company plans to automate its plant, which will increase production capacity.
2. Accretion Pharmaceuticals Limited
Sector: Pharmaceuticals (Manufacturing and marketing of medicines)
Expected price range: ₹10 per share (face value)
Expected IPO date: Not yet announced; DRHP was filed on 8 January 2025
Listing Exchange: NSE Emerge (SME Platform)
IPO Platform
Company Introduction: Accretion Pharmaceuticals Limited is an Ahmedabad-based company engaged in the manufacturing and marketing of tablets, capsules, oral liquids, and external use medicines (such as ointments, creams, gels, lotions, medicated shampoos, mouthwashes, dusting powders). The company also manufactures products for various marketers through contract manufacturing and loan licenses.
Why it’s promising:
- Strong financial performance: The company reported revenue of ₹35.67 crore and net profit of ₹4.71 crore in FY24.
- Quality certifications: The company holds ISO 9001:2015, ISO 14001:2015, and ISO 22000:2018 certifications, reflecting its commitment to quality and environmental standards.
- Experienced management: The company is led by experienced directors and management team who have extensive experience in the pharmaceutical industry.
Growth plans: The capital raised from the IPO will be used for the purchase of new equipment, upgradation of the existing manufacturing facility, repayment of loans, working capital requirements, and general corporate purposes.
3. Integrity Infrabuild Developers Limited
Sector: Infrastructure and Civil Construction
Expected Price Range: ₹10 per share (face value)
Expected IPO Date: Not yet announced; DRHP was filed on 8th October 2024
Listing Exchange: NSE Emerge (SME Platform)
Company Introduction: Integrity Infrabuild Developers Limited is a Gujarat-based company engaged in the field of civil construction. The company is registered as a “Class-A” contractor by the Government of Gujarat and primarily provides contracting and sub-contracting services for government projects such as road, building and bridge construction. The company was originally established on 4th January 2017 as a partnership firm as “M/s. Dipak J. Gandhi”, which was later converted into a public limited company on 1st June 2024.
Why it is promising:
- Experience in local government projects: The company actively participates in the construction of various government projects in the state of Gujarat, proving its credibility and experience.
- Financial performance: In the financial year 2023-24, the company recorded a revenue of ₹38.04 crore and a net profit of ₹0.28 crore, which shows its stable growth.
- Use of capital raised from IPO: The company will use the proceeds from the IPO to purchase machinery and equipment, meet working capital requirements and for general corporate purposes, thereby increasing its operational efficiency.
- Opportunity for SME investors: Available at a low price, this IPO offers a good opportunity for small investors who want to invest in the infrastructure sector.
4. Virtual Galaxy Infotech Limited
Sector: Fintech and Software-as-a-Service (SaaS)
Expected Price Range: ₹10 per share (face value)
Expected IPO Date: Not yet announced; DRHP was filed on October 30, 2024
Listing Exchange: NSE Emerge (SME Platform)
Company Introduction: Virtual Galaxy Infotech Limited (VGIL) is a Nagpur-based company that provides core banking software, ERP solutions, and customized software services for the banking, financial services and insurance (BFSI), ERP, and e-governance sectors. The company’s key products include ‘E-Banker’ (core banking system), ‘IBS-ERP’ (comprehensive ERP solution), ‘E-APMC’ (web-based application for agricultural produce marketing committees), ‘E-Autopsy’ (solution for postmortem departments), and ‘V-Pay’ (digital payment platform).
The company was founded in 1997 by Avinash Shende and Sachin Pandey, and is currently providing services in more than 20 states in India and countries in Africa such as Tanzania and Malawi.
Why it is promising:
- Strong financial performance: In the first half of FY 2025, the company reported a revenue of ₹71.6 crore and a net profit of ₹18.9 crore, a significant increase over the previous year.
- Experienced leadership: The company’s founder and management team have 26 years of experience in BFSI and software development, which reflects its credibility and expertise.
- Advanced technological solutions: The company’s products use the latest technologies such as AI and mobile technologies, providing customers with advanced and secure solutions.
- Use of IPO Funds: The company will use the IPO proceeds for setting up new development facilities in Nagpur, upgradation of existing products, marketing activities, hardware purchase for data center, debt repayment and general corporate purposes.
- Pre-IPO Funding: In July 2024, the company received pre-IPO funding of ₹21.44 crore from key investors including Devanathan Govind Rajan, former MD of RARE Enterprise and Asit Oberoi, former COO & CFO of Yes Bank.
5. Manoj Vaibhav Gems ‘N’ Jewellers Limited
Sector: Jewellery retail (gold, silver, diamonds and gemstones)
IPO price range: ₹204 – ₹215 per share
IPO date: 22 to 26 September 2023
Listing date: 3 October 2023
Listing exchanges: BSE and NSE
Face value: ₹10 per share
Lot size: 69 shares (₹14,835 minimum investment)
IPO size: ₹270.20 crore (₹210 crore fresh issue + ₹60.20 crore offer for sale)
Business Today
Company Introduction: Manoj Vaibhav Gems ‘N’ Jewellers, also known as Vaibhav Jewellers, is a regional jewellery brand in South India. It was founded in 2003 and sells gold, silver, diamond and gemstone jewellery through 13 showrooms in micromarkets of Andhra Pradesh and Telangana. 77% of the company’s showrooms are located in tier-2 and tier-3 cities, reflecting its focus on rural and semi-urban markets.
NDTV Profit
Why it is promising:
- Financial performance: The company reported revenue of ₹2,027 crore and net profit of ₹71.6 crore in FY23, reflecting a CAGR of 86% over the last three years.
- Expansion plans: The capital raised from the IPO will be used to set up eight new showrooms, expanding its market reach.
- Strong hold in the local market: The company has a 10% organised market share and has a strong presence in rural and semi-urban areas of Andhra Pradesh and Telangana.
- Experienced management: The company has an experienced management team that understands the local market.
Risk factors:
Geographical concentration: Most of the company’s showrooms are located in Andhra Pradesh and Telangana, increasing geographical risk.
Industry competition: The jewellery industry is highly competitive and margins are low, which could put pressure on profitability.
Fluctuation in gold prices: 90% of the company’s revenue comes from gold jewellery, which is directly impacted by changes in gold prices.
How to apply for IPOs under ₹10 – in brief:
Platform: Visit brokerage apps like Zerodha, Upstox, Groww.
Method:
ASBA: Apply through Net Banking, money remains blocked in your bank account.
UPI: Link UPI ID while applying for IPO from the app, allow payments through UPI.
Allotment tips:
Bid at the cut-off price
Family members can also apply with more than one Demat account
Don’t wait till the last minute – apply early
Tips before investing in cheap IPOs (in brief):
Check DRHP and financial statements: Read the company’s Draft Red Herring Prospectus (DRHP) and understand its financial performance, debt, and profitability.
Don’t make decisions based on hype: Don’t invest just based on social media or buzz; do solid research.
Decide on strategy:
If you are a long-term investor, focus on the company’s business model and growth potential.
If you just want listing gains, look at market sentiment and subscription data.
(Conclusion)
IPOs priced below ₹10 can be a great opportunity for small investors – there are many advantages like low capital investment, diversification, and the possibility of multibagger returns. But there are risks involved too – weak fundamentals, low liquidity, and uncertainty of SME companies.
Always do your own research, read the DRHP, and understand the financial performance of the company before investing.
If you want to get the latest updates on such low-priced IPOs, comment below – we will keep sharing regular updates based on your interest!
Frequently Asked Questions (FAQs)
What are sub-₹10 IPOs?
These are IPOs with a share price of ₹10 or less, typically issued by SMEs or small enterprises.
Is it safe to invest in low-priced IPOs?
Every investment carries risk. Low-priced IPOs carry more risk as these companies are often new or small. Research is important.
Can these IPOs offer listing gains?
Yes, if market sentiment is strong and the company is in high demand, listing gains are possible—but not guaranteed.
What is the minimum amount to start investing in a ₹10 IPO?
Lot sizes vary in SME IPOs, but investing at a ₹10 share price can start at ₹10,000–₹15,000.
Where can I view the DRHP?
You can view the DRHP and other documents by visiting SEBI website or NSE/BSE IPO section.
Can I apply for such cheap IPOs using apps like Zerodha, Groww?
Yes, most brokerage apps support SME IPOs — but some only support mainboard IPOs, so confirm first.