Upcoming IPOs in India (2026) : Complete List, Dates, Price Bands & GMP

Over the years, IPOs in India have become a popular investment avenue, attracting retail investors, high-net-worth individuals (HNIs), and institutional participants alike and Tracking IPO dates, price bands, and Grey Market Premium (GMP) is important because these factors help investors plan their applications, assess potential listing gains, and compare valuation expectations before investing. While the price band indicates the range at which shares are offered, GMP reflects unofficial market sentiment ahead of listing, giving investors an additional reference point though not a guarantee of returns.

IPOs can be suitable for retail investors looking for short-term listing gains, HNIs aiming for leveraged or high-allotment strategies, and long-term investors who want to invest early in fundamentally strong businesses. However, every IPO carries risks, and investors should evaluate company fundamentals, valuation, and market conditions before applying. In this blog, we have covered all the IPOs coming in 2026.

IPO

What is an IPO?

An Initial Public Offering (IPO) is the process through which a privately held company offers its shares to the public for the first time and gets listed on stock exchanges such as NSE and BSE. By launching an IPO, a company allows investors to buy ownership in the business and trade its shares in the open market.

Difference Between IPO and FPO

IPO: The first time a company issues shares to the public and becomes a listed entity.
FPO (Follow-on Public Offer): A subsequent issue of shares by a company that is already listed on the stock exchange.

Why Do Companies Launch IPOs?

Companies typically launch IPOs to:

Raise capital for business expansion or debt reduction
Provide an exit opportunity to early investors and promoters
Improve brand visibility and market credibility
Enable future access to capital markets

Upcoming IPOs in India – IPOs 2026 Complete List

Company Name	Opening Date	Closing Date	Listing Date	Issue Price / Price Band (₹)	Issue Size (₹ Cr)	Exchange	Lead Manager
Biopol Chemicals Ltd. IPO	Feb 06	Feb 10	Feb 13,	102 – 108	31.26	NSE SME	Smart Horizon Capital
NFP Sampoorna Foods Ltd. IPO	Feb 04	Fri, Feb 06	Tue, Feb 03	52 – 55	24.53	NSE SME	3Dimension Capital
CKK Retail Mart Ltd. IPO	Jan 30	Tue, Feb 03	Wed, Feb 04	155 – 163	88.02	NSE SME	Oneview Corporate
Accretion Nutraveda Ltd. IPO	Jan 28	Fri, Jan 30	Fri, Feb 06	122 – 129	24.77	BSE SME	Sobhagya Capital
Msafe Equipments Ltd. IPO	Jan 28	Fri, Jan 30	Wed, Feb 04	116 – 123	66.42	BSE SME	Seren Capital
Kanishk Aluminium India Ltd. IPO	Jan 28	Fri, Jan 30	Wed, Feb 04	73	29.20	BSE SME	Sun Capital
Kasturi Metal Composite Ltd. IPO	Tue, Jan 27	Thu, Jan 29	Tue, Feb 03	61 – 64	17.61	BSE SME	Hem Securities
Shayona Engineering Ltd. IPO	Thu, Jan 22	Tue, Jan 27	Fri, Jan 30	140 – 144	14.86	BSE SME	Horizon Management
Hannah Joseph Hospital Ltd. IPO	Thu, Jan 22	Tue, Jan 27	Fri, Jan 30	67 – 70	42.00	BSE SME	Capital Square
KRM Ayurveda Ltd. IPO	Wed, Jan 21	Fri, Jan 23	Thu, Jan 29	135	77.49	NSE SME	NEXGEN Financial Solutions
Shadowfax Technologies Ltd. IPO	Tue, Jan 20	Thu, Jan 22	Wed, Jan 28	124	1,907.27	NSE, BSE	ICICI Securities
Digilogic Systems Ltd. IPO	Tue, Jan 20	Thu, Jan 22	Wed, Jan 28	98 – 104	81.01	BSE SME	Indorient Financial
Aritas Vinyl Ltd. IPO	Fri, Jan 16	Tue, Jan 20	Fri, Jan 23	47	37.52	BSE SME	Interactive Financial
Armour Security India Ltd. IPO	Wed, Jan 14	Mon, Jan 19	Thu, Jan 22	57	26.51	NSE SME	Sobhagya Capital
Amagi Media Labs Ltd. IPO	Tue, Jan 13	Fri, Jan 16	Wed, Jan 21	361	1,788.62	NSE, BSE	Kotak Mahindra Capital
GRE Renew Enertech Ltd. IPO	Tue, Jan 13	Fri, Jan 16	Wed, Jan 21	105	39.56	BSE SME	Share India Capital
INDO SMC Ltd. IPO	Tue, Jan 13	Fri, Jan 16	Wed, Jan 21	149	91.95	BSE SME	GYR Capital
Narmadesh Brass Industries Ltd. IPO	Mon, Jan 12	Fri, Jan 16	Wed, Jan 21	515	44.87	BSE SME	Aryaman Financial
Avana Electrosystems Ltd. IPO	Mon, Jan 12	Wed, Jan 14	Tue, Jan 20	59	35.22	NSE SME	Indcap
Bharat Coking Coal Ltd. IPO	Fri, Jan 09	Tue, Jan 13	Mon, Jan 19	23	1,068.78	NSE, BSE	IDBI Capital Markets
Defrail Technologies Ltd. IPO	Fri, Jan 09	Tue, Jan 13	Mon, Jan 19	74	13.77	BSE SME	NEXGEN Financial Solutions
Yajur Fibres Ltd. IPO	Wed, Jan 07	Fri, Jan 09	Wed, Jan 14	174	120.41	BSE SME	Horizon Management
Victory Electric Vehicles Intl. Ltd. IPO	Jan 07	Jan 09	Jan 14	41	34.56	NSE SME	Corpwis
Gabion Technologies India Ltd. IPO	Jan 06	Jan 08	Jan 13	81	29.16	BSE SME	GYR Capital

IPO Price Band

What Is a Price Band?

The IPO price band is the price range within which investors can bid for shares during an IPO. It consists of a lower price (floor price) and an upper price (cap price), decided by the company in consultation with its bankers. Investors must place their bids within this range.

Cut-Off Price vs Bid Price

Bid Price: The specific price selected by an investor within the price band (for example, ₹260 if the band is ₹250–₹265).
Cut-Off Price: An option available only to retail investors, where the investor agrees to buy shares at the final issue price decided after the IPO closes, regardless of where it falls within the price band.

How Should Retail Investors Choose the Bid Price?

For higher allotment chances: Select the cut-off price.
For value-focused investing: Bid at a price you are comfortable with based on valuation.
Avoid bidding below the likely issue price, as it may reduce allotment chances.

Most retail investors prefer the cut-off option to avoid missing allotment due to pricing.

What Is IPO GMP (Grey Market Premium)?

IPO GMP (Grey Market Premium) is the extra price at which an IPO share is traded unofficially in the grey market before listing. It reflects market sentiment about the IPO but is not an official or guaranteed indicator of listing performance.

How Is IPO GMP Calculated?

GMP is calculated as the difference between:

Grey market trading price, and
IPO issue price

Formula:
GMP = Grey Market Price − IPO Issue Price

Example: IPO Price vs GMP vs Listing Price

IPO Issue Price: ₹100

Grey Market Premium (GMP): ₹25

Estimated Listing Price: ₹125 (₹100 + ₹25)

Actual listing price may be higher or lower than the GMP-based estimate.

Is IPO GMP Reliable?

IPO GMP is unofficial, unregulated, and speculative. While it indicates short-term demand, it can change quickly and should not be the sole basis for investment decisions. Investors are advised to evaluate company fundamentals, valuation, and market conditions before applying.

How to Apply for an IPO in India ?

Applying for an IPO in India is a simple process if you have a Demat account, trading account, and a linked bank account. Retail investors can apply through UPI, net banking, or broker platforms.

Step-by-Step IPO Application Process

Log in to your broker app / net banking portal
Select the IPO you want to apply for
Enter the number of lots and choose the bid price or cut-off price
Submit the application
Approve the UPI mandate or ASBA request
Wait for allotment confirmation

Applying for an IPO via UPI (Retail Investors)

Available only for retail investors (up to ₹2 lakh)
Select UPI as the payment method
Enter your UPI ID while applying
Approve the mandate in your UPI app before the IPO closing time
Amount is blocked, not debited, until allotment

Applying via Net Banking or Broker App

Use ASBA-enabled bank accounts
Apply directly through your bank’s net banking portal or broker platform
Funds are blocked in your account until allotment
Unused funds are automatically released

What Is ASBA?

ASBA (Application Supported by Blocked Amount) is a process where the IPO amount is blocked in your bank account instead of being deducted. The money is debited only if shares are allotted; otherwise, it is released.

Common Mistakes to Avoid While Applying for an IPO

Not approving the UPI mandate on time
Bidding below the likely issue price
Applying with multiple Demat accounts (may lead to rejection)
Entering incorrect PAN or Demat details
Waiting until the last hour to apply

IPO Allotment & Listing Process

Once an IPO closes, the allotment and listing process begins. This determines who receives shares and when the stock starts trading on the exchange.

How Does IPO Allotment Work?

IPO allotment is done based on the subscription levels:

If undersubscribed: All valid applicants receive shares.
If oversubscribed: Shares are allotted through a lottery system for retail investors, while HNIs and institutions are allotted proportionally.

Allotment is conducted as per SEBI guidelines.

When Is IPO Allotment Finalized?

IPO allotment is usually finalized 3–4 working days after the issue closes.

After allotment:

Shares are credited to Demat accounts of successful applicants
Blocked funds are debited accordingly
Unsuccessful applicants get their blocked funds released

How to Check IPO Allotment Status?

You can check IPO allotment status through:

The registrar’s website
Stock exchange websites (NSE/BSE)
Your broker’s app or email/SMS updates

You’ll need your PAN, application number, or Demat details.

What Happens on Listing Day?

On the listing day:

The IPO is listed on NSE and/or BSE
Trading starts at the listing price, which may be above or below the issue price
Investors can sell for listing gains or hold for the long term
Price may be volatile due to high demand and supply

Factors to Check Before Investing in an IPO

Evaluating an IPO requires more than tracking listing hype. Investors should assess financial health, business quality, and valuation before applying.

1. Company Financials

Check the company’s revenue growth, profit margins, cash flow, and debt levels over the last few years. Consistent earnings and manageable debt indicate financial strength, while persistent losses may increase risk.

2. Industry Outlook

Understand the growth potential, demand trends, and competitive intensity of the industry. Companies operating in expanding sectors with long-term visibility generally offer better prospects than those in cyclical industries.

3. Promoters & Management

Review the experience, credibility, and track record of promoters and senior management. Strong governance and transparent disclosures are important indicators of long-term sustainability.

4. Valuation vs Peers

Compare the IPO valuation with listed peers using ratios such as P/E (Price-to-Earnings) or P/B (Price-to-Book). An IPO priced aggressively without clear growth justification may offer limited upside after listing.

5. GMP vs Fundamentals

GMP reflects short-term market sentiment, not business value. While it may indicate listing demand, long-term performance depends on fundamentals, earnings growth, and valuation discipline.

IPO Investment Strategy

IPO investing can be approached with different goals. Beginners should choose a strategy based on risk appetite, time horizon, and capital availability.

Short-Term Listing Gains Strategy

This strategy focuses on earning returns from price movement on the listing day or shortly after.

Prefer IPOs with reasonable valuations and strong subscription demand
Apply at the cut-off price to improve allotment chances
Monitor subscription data and GMP trends, but avoid overhyped issues
Be prepared for listing-day volatility

This approach carries higher risk and is sensitive to market conditions.

Long-Term Investment Strategy

This strategy aims to benefit from the company’s business growth over several years.

Focus on company fundamentals, financial strength, and industry outlook
Ignore short-term GMP fluctuations
Be prepared to hold through market cycles
Suitable for investors seeking wealth creation over time

Risks of Investing in IPOs

While IPOs can offer attractive opportunities, they also involve significant risks. Investors should be aware of these factors before applying.

1. Overvaluation Risk

Some IPOs may be priced aggressively compared to their earnings or industry peers. Overvaluation can limit upside potential and may lead to poor post-listing performance.

2. Listing Losses

Not all IPOs list at a premium. Weak demand, negative market sentiment, or unrealistic pricing can result in listing below the issue price, leading to immediate losses.

3. Low Liquidity in SME IPOs

SME IPOs often have lower trading volumes after listing. This can make it difficult to buy or sell shares at desired prices and may increase price volatility.

4. Market Volatility Impact

Broader market conditions play a major role in IPO performance. Sudden market corrections or global events can impact listing prices, even for fundamentally strong companies.

FAQs on IPOs

1. What is the minimum amount to invest in an IPO?

The minimum investment in an IPO depends on the issue price and lot size. For most retail IPOs, the minimum amount usually ranges between ₹10,000 and ₹15,000, though it can be higher or lower based on the IPO.

2. Can I apply for multiple IPOs at the same time?

Yes, you can apply for multiple IPOs simultaneously, provided you have sufficient funds and complete each application separately through your Demat account.

3. Is GMP legal in India?

IPO GMP (Grey Market Premium) is unofficial and unregulated. While tracking GMP is not illegal, trading in the grey market is not regulated by SEBI and involves higher risk.

4. How long does IPO allotment take?

IPO allotment is usually finalized 3–4 working days after the issue closes. Investors are informed through email, SMS, or broker notifications.

5. What happens if I don’t get allotment?

If you do not receive IPO allotment, the blocked amount is released to your bank account automatically, usually within a few working days.