Upcoming IPO
Stay updated on every upcoming IPO. Track new listings, key dates, and major companies entering the market as IPO momentum continues to grow across sectors in 2026.
About IPO
An initial public offering, or IPO, is a process through which a company offers shares to the public for the first time in order to raise funds. The company may use the funds for various purposes, such as expansion, buying machinery, repaying debt, etc. Post-IPO, the company gets listed on the designated stock exchange, such as BSE, NSE, or both.
What is an Upcoming IPO?
An upcoming IPO is one that is yet to open for subscription. In other words, it’s a public issue that’s in the regulatory pipeline but is not yet open for bidding.
Who Can Invest in Upcoming IPOs?
The following category of investors can invest in upcoming IPOs:
- Retail Individual Investors
Retail individual investors are investors who bid for shares in an IPO for a value not more than ₹2 lakhs. Their investment amount is small compared to qualified institutional buyers and non-institutional investors.
- Non-institutional Investors
Non-institutional investors, or NIIs, are another category of IPO investors. They comprise resident individuals, corporations, academic institutions, trusts and societies, among others. NIIs invest more than ₹2 lakhs in an IPO.
- Qualified Institutional Buyers
Qualified institutional buyers (QIBs) are big institutions. These can be scheduled commercial banks, insurance companies registered with IRDAI, foreign venture capital investors, mutual funds, state industrial development corporations, etc.
- Employees
In many IPOs, a fixed percentage of the shares are allotted for the employees working in the organisation. The employee category exists to reward employees who work for the company’s growth.
- Anchor investors
Anchor investors are QIBs who are allotted shares in an IPO a day before the IPO opens for subscription for other categories of investors.
Upcoming IPOs in India in 2026
Here’s the list of some of the most anticipated upcoming IPOs in 2026:
Upcoming Mainboard IPOs
The Amagi Media Labs IPO will open for subscription from 13 January to 16 January 2026. The IPO is priced in the range of ₹343–₹361 per share with a lot size of 41 shares, requiring a minimum investment of ₹14,801. The total IPO size is estimated between ₹1,740.12 crore and ₹1,788.62 crore, with listing to follow post allotment.
Reliance Jio is one of the hotly anticipated upcoming IPOs in 2026. It’s expected to be one of the biggest IPOs in India, with estimates placing its valuation between ₹11-12 lakh crores. Reliance Jio is one of India’s leading telecom service providers. The price band of shares and issue size are yet to be announced.
Eyeing a listing in 2026, Flipkart is looking at a valuation of USD 60 to 70 billion. It’s expected to be one of the biggest tech IPOs in India. Flipkart is one of India’s foremost e-commerce companies and a giant marketplace for various items across electronics, fashion, groceries and more. Its price band and issue size are yet to be announced.
PhonePe has filed papers with SEBI through the confidential route for its IPO. As per reports, the company is planning to raise USD 1.5 billion through its IPO at an estimated valuation of USD 15 billion. PhonePe is one of India’s leading digital payment and financial services companies. Information on the price band of shares and issue size is awaited.
Another eagerly anticipated IPO, market watchers are closely monitoring the receipt of NOC from SEBI. The NOC certificate can pave the way for one of the biggest IPOs in India. NSE is one of India’s premier stock exchanges. Information on the issue size and price band of shares is awaited.
As per reports, SBI Mutual Fund is expected to raise USD 1.2 billion through its IPO in the first half of 2026. SBI MF is a joint venture between the State Bank of India and Amundi, providing a range of mutual fund schemes. The company is yet to announce the issue size and the price band of shares.
Prosus-owned payments firm PayU is expected to raise approximately USD 250 to 300 million through its IPO. PayU is a fintech company offering payment gateway solutions. Information on the issue size and price band of shares is not yet available.
Quick commerce firm Zepto has received approval from its board for an IPO worth ₹11,000 crores. It has filed papers through the confidential route, and the IPO is expected to be a mix of a fresh issue and an offer for sale. Zepto is known for providing groceries and essentials in around 10 minutes using its network of dark stores. The price band of shares is yet to be announced.
Indian e-commerce company Snapdeal has filed papers with SEBI through the confidential route for its IPO, pegged at ₹500 crores. The IPO is expected to be a mix of a fresh issue and an offer for sale. Information on the price band and lot size of shares is awaited.
- Milky Mist Dairy Food IPO
The Milky Mist Dairy Food IPO is pegged at ₹2035 crores. It will be a mix of a fresh issue and an offer for sale. Milky Mist is one of the fastest-growing packaged food companies in India, offering a diverse range of value-added dairy products, including paneer, cheese, yogurt, curd, ice cream, butter, ghee, and packaged foods. The company is yet to announce the lot size and price band of shares.
- Duroflex IPO
The Duroflex IPO will comprise a fresh issue and an offer for sale. Duroflex offers sleep and comfort solutions. It has a diversified omni-channel distribution network. It manufactures a wide range of products, including foam, mattresses, sofas, recliners, beds, pillows, accessories and other furnishings. Information on the issue size and price band of shares is awaited.
- Oyo IPO
The Oyo IPO is expected to be around ₹8430 crores with a mix of a fresh issue and an offer for sale. Oyo is a leading, new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem. Information is awaited on the lot size and the price range of shares.
The Kent RO Systems will comprise only an offer for sale of up to 10,094,568 equity shares. It has no fresh issue. Kent is well-established and is recognised as the pioneer in introducing reverse osmosis (RO) technology in the water purifier product category in India. Information on the total issue size, lot size and price band of shares is awaited.
- Bajaj Energy IPO
The Bajaj Energy IPO comprises a fresh issue and an offer for sale with the total offer size pegged at ₹5450 crores. Bajaj Energy is one of the largest private sector thermal generation companies in Uttar Pradesh. Information on the price band and the lot size of shares is not yet available.
Upcoming SME IPOs in 2026
The GRE Renew Enertech IPO opens on Tuesday, Jan 13, 2026 and closes on Friday, Jan 16, 2026. The allotment of shares will take place on Monday, Jan 19, 2026. The credit of shares to the demat account will take place on Tuesday, Jan 20, 2026. The initiation of refunds will take place on Tuesday, Jan 20, 2026. The listing of shares will take place on Wednesday, Jan 21, 2026.
The IPO of Armour Security (India) Ltd consists entirely of a fresh issue of up to 46,50,000 equity shares. There is no offer for sale and it’s a 100% book-built issue.
The INDO SMC IPO opens on Tuesday, Jan 13, 2026 and closes onThursday, Jan 15, 2026. The allotment of shares will take place on Friday, Jan 16, 2026 . The credit of shares to the demat account will take place on Monday, Jan 19, 2026. The initiation of refunds will take place on Monday, Jan 19, 2026. The listing of shares will take place on Tuesday, Jan 20, 2026.
How to Apply in an Upcoming IPO Online?
To apply for an upcoming IPO online:
- Choose the IPO you want to invest in that aligns with your goals.
- Log in with your credentials at your broker’s website or app.
- Select the IPO from the list available in the IPO section.
- Enter the number of lots and the price you wish to apply for.
- Enter your UPI ID and click on ‘Submit’.
- Approve the mandate received on your UPI to submit your application.
Documents Required for Investing in an Upcoming IPO
While you don’t need any physical documents to invest in an upcoming IPO, there are certain prerequisites. Without these, you can’t apply. These include:
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Demat Account: A Demat account is essential to hold shares in an electronic form once allotted. Without it, you can't receive shares even if allotted.
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Trading Account: While a Demat account helps you to store shares electronically, a trading account allows you to buy and sell shares once they get listed on the exchanges.
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Bank Account: A bank account is needed to block funds for an IPO through ASBA or UPI. If shares are allotted, money gets debited from this account.
To open these accounts, you need to have these essential documents:
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Know your customer, which could include your Aadhaar card, voter ID card, passport, driving licence, etc.
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PAN card.
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Passport-size photographs.
How to Increase Your Chances of IPO Allotment?
Following these steps can boost your allotment chances:
- Apply through multiple Demat accounts with unique PAN numbers for the same IPO.
- Make your bid at the cut-off price.
- Submit your application early without errors. Quote your PAN and other details correctly.
- Apply within the bidding period.
- Opt for the minimum lot size.
- Avoid making large applications.
- Take advantage of employees’ and shareholders’ quotas if they’re available and you are eligible.
Why Invest in Upcoming IPO Through Kotak Neo?
Applying in upcoming IPOs through Kotak Neo gives you multiple advantages. You can get information about all the IPOs in one place, along with market insights, charting tools, and research support, among others. All of these insights can help you make smart decisions.
Also, technologically advanced, the Kotak Neo app helps you seamlessly place your bid for your chosen IPO. It also allows you to track your application, listing gains, etc.