A “Current SME IPO” refers to the most recent or ongoing initial public offering (IPO) of shares by a Small and Medium Enterprise (SME) on the primary market through the SME platform of a stock exchange.

In the context of the Indian stock market, an SME IPO is typically listed on the SME exchange segment of either the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE). These IPOs are specifically designed for SMEs, providing them with a platform to raise capital from the public and access the equity markets for funding their growth and expansion plans.

SME IPOs usually cater to relatively smaller companies compared to those listed on the mainboard of stock exchanges. They are subject to specific regulatory requirements tailored for SMEs, offering them a simplified and cost-effective route to accessing capital markets.

Investors can participate in SME IPOs by subscribing to the shares during the IPO period, with the potential to benefit from price appreciation once the shares are listed and traded on the SME exchange segment of the stock exchange. SME IPOs play a crucial role in promoting entrepreneurship, fostering economic growth, and expanding the investor base in the Indian capital markets.