This page shows 6 upcoming IPOs in India right now: 2 mainboard issues and 4 SME issues. 2 IPOs are already open for bidding and 4 more are scheduled next, with issue windows running from July 16, 2026 through July 27, 2026. You can compare the open and close dates, price band, lot size, minimum investment, GMP, subscription, and stoicHQ score for each offer in one place.
Use the table to compare open and close dates, price band, lot size, minimum investment, GMP, subscription, and stoicHQ score in one scan. GMP is directional only, while a stoicHQ score above 65 usually signals stronger institutional quality than a purely hype-driven issue.
Looking for a specific IPO listing date? Check allotment status here →
| IPO Name | Type | Open / Close | Price Band | Lot Size | Min Investment | GMP | Subs. | stoicHQ Score | Status |
|---|---|---|---|---|---|---|---|---|---|
| Caliber Mining IPO ⚠ Heavy client concentration — primary clients are Coal India Ltd subsidiaries⚠ Leveraged balance sheet (debt-to-equity ~1.62); ₹208 crore of proceeds earmarked for debt repayment⚠ QIB portion subscribed only 0.31x at end of Day 1 despite retail/NII oversubscription | Mainboard | July 17, 2026 to July 21, 2026 | ₹402-₹424 | 35 | ₹14,840 | +₹105 | 1.11x | 58/100 | Open |
| Sotefin Bharat IPO ⚠ Undersubscribed (0.73x overall, QIB just 0.13x) after 2 of 3 bidding days⚠ GMP has collapsed from ~₹22 (Jul 16) to ₹7 (Jul 18) — weakening pre-listing sentiment⚠ Niche automated-parking segment with project execution risk; post-IPO P/B ~4.7 | SME | July 16, 2026 to July 20, 2026 | ₹178-₹187 | 600 | ₹2,24,400 | +₹7 | 0.73x | Pending | Open |
| Gulf Lloyds India IPO ⚠ Very small ₹18.19 crore fixed-price issue — thin float and likely low post-listing liquidity⚠ Total borrowings (₹15.68 crore) exceed net worth (₹13.48 crore); part of proceeds repays unsecured loans⚠ GMP quotes are sparse and inconsistent (₹3 to ₹15 within a week) — weak signal | SME | July 20, 2026 to July 22, 2026 | ₹100 (fixed price) | 1200 | ₹2,40,000 | +₹15 | - | Pending | Upcoming |
| Metalic Technoforge IPO ⚠ GMP is ₹0 — grey market activity has not started, so there is no listing-gain signal yet⚠ SME platform — lower disclosure, minimum public float and liquidity standards than mainboard⚠ Young company (incorporated Oct 2016) dependent on automotive OEM demand cycles | SME | July 21, 2026 to July 23, 2026 | ₹72-₹77 | 1600 | ₹2,46,400 | - | - | Pending | Upcoming |
| Shree Balaji Textiles IPO ⚠ Flat topline — revenue stuck at ~₹193-197 crore each year FY23-FY25⚠ Thin margins: FY25 PAT of ₹4.95 crore on ₹193.44 crore revenue (~2.6%)⚠ GMP quotes diverge sharply across trackers (₹19 vs ₹8-9) — unreliable signal | SME | July 22, 2026 to July 24, 2026 | ₹66-₹70 | 2000 | ₹2,80,000 | +₹19 | - | Pending | Upcoming |
| Xtranet Technologies IPO ⚠ High client concentration with revenue weighted toward government/PSU contracts⚠ Sharp pre-IPO profit jump — PAT rose from ₹10.94 crore (FY24) to ₹30.03 crore (FY25)⚠ ₹102 crore of the ₹166.8 crore issue goes to working capital, typical of receivables-heavy government IT business | Mainboard | July 23, 2026 to July 27, 2026 | ₹120-₹127 | 110 | ₹13,970 | +₹18 | - | 55/100 | Upcoming |
| SBI Funds Management IPO ⚠ Entirely offer-for-sale — company receives no fresh capital from the issue⚠ AUM and revenue are tied to equity/debt market cycles and fund-flow sentiment | Mainboard | July 14, 2026 to July 16, 2026 | ₹545-₹574 | 26 | ₹14,924 | +₹97 | 41.66x | 68/100 | Allotment |
| Millworks Technologies IPO ⚠ SME platform — lower disclosure, minimum public float and liquidity standards than mainboard⚠ GMP implies a very rich ~90%+ pre-listing premium, raising post-listing volatility/correction risk⚠ Small free float typical of SME issues, which amplifies price swings | SME | July 14, 2026 to July 16, 2026 | ₹315-₹331 | 400 | ₹2,64,800 | +₹297 | 219.54x | Pending | Allotment |
| Alpine Texworld IPO ⚠ GMP at ₹0 into listing — grey market expects a flat-to-weak debut⚠ Scraped through with 1.40x final subscription (QIB 1.09x) — tepid institutional appetite⚠ Textile spinning-weaving is a cyclical, margin-thin sector | Mainboard | July 14, 2026 to July 16, 2026 | ₹100-₹105 | 142 | ₹14,910 | - | 1.40x | 45/100 | Allotment |
These are the IPOs that listed in the last 30 days, so you can compare fresh post-issue outcomes with the active pipeline above. The GMP shown here is the pre-listing grey market premium, which helps you judge how sentiment lined up with actual listing performance.
| IPO Name | Type | Open / Close | Price Band | Lot | Pre-listing GMP | Subscription | Score |
|---|---|---|---|---|---|---|---|
| Laser Power & Infra IPO | Mainboard | July 9, 2026 to July 13, 2026 | ₹203-₹214 | 70 | +₹31 | 28.97x | 50/100 |
| Devson Catalyst IPO | SME | July 9, 2026 to July 13, 2026 | ₹112-₹118 | 1200 | +₹44 | 205x | Pending |
| Happy Steels IPO | SME | July 9, 2026 to July 13, 2026 | ₹62-₹66 | 2000 | +₹10 | 77.81x | Pending |
| Kusumgar IPO | Mainboard | July 8, 2026 to July 10, 2026 | ₹398-₹419 | 35 | +₹161 | 135.80x | 62/100 |
| Schloss Bangalore IPO (The Leela Hotels) | Mainboard | June 23, 2026 to June 25, 2026 | ₹413-₹435 | 34 | +₹28 | - | 68/100 |
| Grand Continent Hotels IPO | SME | June 24, 2026 to June 26, 2026 | ₹95-₹100 | 1200 | +₹12 | - | Pending |
Evaluate an upcoming IPO by checking anchor quality, GMP only as a sentiment clue, promoter background, use of proceeds, and QIB or HNI demand. Together, these signals show whether an issue is attracting serious institutional interest or mainly short-term retail excitement.
Most investor questions on upcoming IPOs boil down to five things: which issues are opening next, how GMP works, how much one lot costs, how allotment is decided, and what the stoicHQ score means. The quick answers below cover each point directly.
Before applying to any IPO, read the prospectus, compare valuation with listed peers, separate institutional demand from retail noise, understand how the proceeds will be used, and watch for promoter exits or leverage. Those checks reduce the chance of applying only because GMP or hype looks strong.
The Draft Red Herring Prospectus (DRHP) is filed with SEBI before the IPO opens; the Red Herring Prospectus (RHP) is the final version filed before listing. Key sections to read: Objects of the Issue (what the company will do with your money), Risk Factors (legally mandated disclosures of business risks), Financial Statements (revenue trend, profitability, debt), and Promoter Background. The RHP is publicly available on SEBI's website and the company's official site.
Price-to-Earnings (P/E) ratio compared to listed peers - if the IPO P/E is significantly higher than sector peers, it may be overvalued. Revenue growth rate over 3 years - look for consistent growth, not a single spike year. Debt-to-equity ratio - high debt increases risk, especially in rising interest rate environments. Return on Equity (ROE) and Return on Capital Employed (ROCE) indicate capital efficiency. Promoter holding post-IPO - lower promoter holding can signal reduced skin in the game.
IPOs are divided into three investor categories: QIB (Qualified Institutional Buyers - mutual funds, FIIs, insurance companies), NII/HNI (Non-Institutional Investors - applications above ₹2 lakh), and Retail (applications up to ₹2 lakh). Strong QIB subscription (10x+) is a positive signal - institutional investors do deeper due diligence. High HNI subscription often reflects leveraged bidding, which can distort the signal. Retail oversubscription alone is not sufficient to predict a strong listing.
The stoicHQ score (shown on each IPO row) is a composite rating based on: financial quality (revenue growth, profitability, debt levels), valuation versus sector peers, promoter and management track record, use of proceeds (expansion vs. OFS-heavy), and GMP reliability as an additional sentiment input. A high stoicHQ score does not guarantee listing gains - it reflects our assessment of fundamental quality and investment merit. SME IPOs are rated on a separate scale due to structural differences in risk and liquidity.
Applying solely on GMP - grey market sentiment shifts and has no legal backing. Applying in every IPO without reading financials - not all IPOs are investment-grade. Ignoring Offer for Sale (OFS) - when existing shareholders are selling, proceeds do not go to the company. OFS-heavy IPOs can signal promoter exits at a premium valuation. Applying via multiple Demat accounts in the same name - SEBI penalises this. Treating allotment as guaranteed income - oversubscribed IPOs frequently see negative listing returns when sentiment reverses post-opening.
Minimum IPO investment?
Lot size × upper price band. Typically ₹14,000-₹15,000 per application for retail investors.
Mainboard vs SME IPO?
Mainboard = NSE/BSE main board, stricter eligibility, larger issue size. SME = NSE Emerge/BSE SME, smaller, higher risk.
How is allotment decided?
Lottery for retail when oversubscribed. Minimum one lot per successful applicant.
Lock-in period for retail?
None. Promoters: 3 years on 20%, 1 year on rest. Anchors: 30-90 days.
How to check allotment status?
BSE website, registrar website (Link Intime, KFin), or your broker app using PAN or application number.