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
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.
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.
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.
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.
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.
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.
How to Apply for an IPO on Kotak Neo
Applying for an IPO is simple if you have the required accounts in place. You can apply using the UPI method through the Kotak Neo app.
Before You Apply, Make sure you have:
- A Kotak Neo account linked to your Demat account
- An active bank account
- An active Demat account
Method 1: Apply via Kotak Neo App (UPI – Recommended)
The UPI method is quick and convenient for retail investors. Steps:
- Log in to the Kotak Neo app.
- Go to the IPO section and select the active IPO.
- Click on Apply for IPO.
- Enter the lot size and choose your bid price. - Retail investors can select the Cut-off price option to increase the chances of a valid bid.
- Enter your UPI ID.
- Submit your application.
- Approve the UPI mandate request on your UPI app to block the funds. Once approved, the application is successfully submitted.
Method 2: Apply via Net Banking (ASBA)
ASBA (Application Supported by Blocked Amount) allows you to apply directly through your bank account.
Steps:
- Log in to your Kotak Neo account.
- Navigate to the IPO section.
- Select the IPO you wish to apply for.
- Enter the lot size and choose your bid price.
- Enter the bid quantity and price. - Retail investors can select the Cut-off price option to increase the chances of a valid bid.
- Select ASBA as the mode of payment.
- Submit the application to block funds in your account.
Important Things to Know Before Applying for Upcoming IPOs
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Funds Are Blocked, Not Debited: The application amount is only blocked in your bank account, not debited. It is debited only if shares are allotted to you.
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UPI Mandate Approval Deadline: You must approve the UPI mandate request before 5 PM on the IPO closing day.
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Allotment Process: If you receive an allotment, the blocked amount is debited. If you do not receive shares, the blocked amount is released back to your account.
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.