Upcoming IPOs
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A-One Steels India LtdArmee Infotech LtdS. K. Offset LtdSai Urja Indo Ventures LtdLiqvd Digital India LtdVarmora Granito LtdHimalaya Nutravedics India LtdAnand Seamless Ltd
boAt
Asset Reconstruction Co (India)
PhonePe
Carlsberg India
Bajaj Energy
OYO
Razorpay
Upcoming IPOs This Week and This Month
Use the calendar to find IPOs opening this week and IPOs yet to announce their opening date. Mainboard and SME filters can help you compare their dates and capital requirements separately.
Confirmed IPOs vs Expected IPOs
An IPO mentioned in the news may not be ready for application. Its current stage tells you what has actually been announced.
| Status | What it means |
|---|---|
| Dates confirmed | The official bidding period has been announced |
| Price band announced | The bidding range and indicative minimum investment can be calculated |
| RHP filed | The final offer document contains the issue terms and timetable |
| DRHP filed | Draft documents are available, but final dates and pricing may still be pending |
| Expected | The company has announced or reported IPO plans, but no confirmed schedule is available |
SEBI observations are an important regulatory step, but they do not mean that bidding has started. Learn how to read a DRHP before assessing a company at the draft stage.
Which Upcoming IPO Should You Consider?
Use the upcoming list to create a research shortlist. Review the business model, revenue and profit trend, cash flow, debt, use of proceeds, key risks and offer structure. Once the price band is announced, compare the valuation with suitable listed peers.
The IPO analysis checklist provides a structured process. You can also understand the difference between Mainboard, SME, fresh issue and OFS through the guide to types of IPOs.
What Can You Analyse Before the Price Band Is Announced?
You do not need to wait for the IPO to open before starting research. At the DRHP stage, you can examine:
- What the company sells and how it earns revenue.
- Whether revenue, profit and cash flow have grown consistently.
- Customer, supplier, product or geographical concentration.
- Borrowings, working-capital requirements and contingent liabilities.
- Promoter background, related-party transactions and litigation.
- The proposed fresh issue, OFS and use of proceeds.
However, you cannot complete the decision without the final price. A good company can still be an unattractive IPO if the valuation already assumes aggressive growth.
A Three-Stage Upcoming IPO Decision Process
| Stage | What to do | What not to conclude |
|---|---|---|
| DRHP filed | Understand the business, financials, risks and proposed offer | Do not assume the reported date or valuation is final |
| Price band announced | Calculate the valuation, minimum investment and peer comparison | Do not decide from issue size or brand recognition alone |
| IPO opens | Check final terms, category subscription and deadline | Do not treat demand or GMP as guaranteed returns |
This process lets you prepare early without making a premature application decision.
How Much Money Should You Keep Ready?
The minimum application amount becomes available after the price band and lot size are announced. If multiple IPOs overlap, remember that money is blocked separately for every application. Do not apply to every issue simply because funds are available.
Prioritise the IPO with the strongest combination of business quality, financial consistency, reasonable valuation and acceptable risk. If two issues open together, compare them on the same criteria instead of dividing money automatically between both.
When Should You Remove an IPO From Your Shortlist?
Consider removing it when the final valuation is difficult to justify, the use of proceeds adds little value to the business, cash flow does not support reported profits or the risks are outside your comfort level. A popular company name or a heavily discussed IPO is not enough reason to apply.