Upcoming IPOs with Shareholder Quota 2026
3 upcoming IPOs reserve shares for the shareholders of a listed parent company. Hold one share of that parent in your demat account on the IPO's RHP date and you can bid in the shareholder quota as well as the retail one.
Upcoming IPO List with Shareholder Quota – Which Share to Buy
Read from each company's DRHP or RHP filed with SEBI, with the parent matched to its NSE and BSE listing.
| IPO | Share to buy | SEBI status | Eligibility | Source |
|---|---|---|---|---|
|
Mahanadi Coalfields
DRHP filed 4 Sep 2026
|
Coal India
NSE: COALINDIA · BSE: 533278
₹406.31 share
|
SEBI approved |
Eligibility: Before RHP
RHP not filed yet
|
SEBI DRHP ↗ |
|
JSW One Platforms
DRHP filed 25 Sep 2026
|
JSW Cement
NSE: JSWCEMENT · BSE: 544480
₹124.091 share
or
JSW Steel
NSE: JSWSTEEL · BSE: 500228
₹1,353.31 share
|
SEBI queries pending |
Eligibility: Before RHP
RHP not filed yet
|
SEBI DRHP ↗ |
|
South Eastern Coalfields
DRHP filed 4 Nov 2026
|
Coal India
NSE: COALINDIA · BSE: 533278
₹406.31 share
|
Under SEBI review |
Eligibility: Before RHP
RHP not filed yet
|
SEBI DRHP ↗ |
How to Apply in the Shareholder Quota
Four steps — the first two have to happen before the RHP is filed.
- Buy the parent shareOne share of the listed parent is enough — the offer documents set no minimum holding.
- Hold it on the RHP dateEligibility is fixed as on the RHP date. Trades settle T+1, so buy a couple of trading days early.
- Choose “Shareholder”When the IPO opens, your broker's IPO form shows a Shareholder category for eligible PANs. Bid up to ₹2 lakh.
- Bid as retail tooA shareholder bid up to ₹2 lakh and a retail bid are not treated as multiple bids — two chances at allotment.
Possible Shareholder Quota IPOs in 2026–27 – No DRHP Yet
Subsidiaries of listed companies. A quota is not promised — it is known only once the DRHP is filed, and a company moves up this page the day its DRHP is on SEBI's list.
Recent IPOs with a Shareholder Quota
Final subscription of the shareholder category next to retail, from the exchanges. The shareholder category was bid harder than retail in 3 of 3 — a second application, not an easy one.
| IPO | Parent share | Shareholder | Retail | Listed |
|---|---|---|---|---|
| Jio Platforms | Reliance Industries | 7.6x | 2.72x | 28 Oct 2026 |
| SBI Funds Management | State Bank of India | 9.52x | 3.6x | 21 Jul 2026 |
| Central Mine Planning & Design Institute | Coal India | 0.36x | 0.33x | 30 Mar 2026 |
Shareholder Quota – Frequently Asked Questions
What is a shareholder quota in an IPO?
It is a part of the offer reserved for the shareholders of a listed company that is the issuer's promoter or parent — for example Coal India for its coal subsidiaries. The offer documents cap this shareholder reservation portion at 10% of the offer size, and the shares are allotted only among the eligible shareholders who bid in that category.
Which share should I buy to get the shareholder quota?
Buy the listed parent named in the IPO's offer document: Mahanadi Coalfields — Coal India (NSE: COALINDIA); JSW One Platforms — JSW Cement (NSE: JSWCEMENT) or JSW Steel (NSE: JSWSTEEL); South Eastern Coalfields — Coal India (NSE: COALINDIA).
How many parent shares do I need to hold?
The offer documents define an eligible shareholder as an individual or HUF who is a public equity shareholder of the parent on the cut-off date and set no minimum holding, so one share is enough to qualify. Your bid in the shareholder category is limited by amount, not by how many parent shares you own.
By when must I hold the parent share?
You must be a shareholder as on the date of the Red Herring Prospectus (RHP) — the documents say "as on the date of the RHP" or "as on the date of filing of the RHP with the RoC". Indian trades settle T+1, so a share bought today reaches your demat account the next trading day; buy a couple of trading days before the RHP date. The RHP date is rarely announced in advance.
How much can I apply for in the shareholder category?
The bid amount in the shareholder reservation portion cannot exceed ₹2 lakh (₹0.20 million) per the offer documents, and eligible shareholders can bid at the cut-off price. A shareholder bidding up to ₹2 lakh there can also bid in the retail or non-institutional portion — these are not treated as multiple bids.
What happens if the shareholder quota is not fully subscribed?
Any unsubscribed part of the shareholder reservation portion is added to the net offer, where it is allotted to the other categories.
Does the shareholder quota improve my chance of allotment?
It gives you a second, separate application, but not necessarily better odds: allotment depends on how heavily each category is bid. In 3 of the last 3 IPOs with a shareholder quota, the shareholder category was bid more times over than the retail category. Buying a parent share only for the quota also carries that share's own price risk.
Which IPOs may have a shareholder quota in 2026 and 2027?
A shareholder quota is only known once a company files its DRHP. Subsidiaries of listed companies are the usual candidates — this page tracks 15 of them that have not filed yet (or whose earlier filing lapsed), and moves each one up as soon as its DRHP is on SEBI's list.
Every quota here is read from the company's DRHP or RHP on SEBI's website; the parent is matched to its NSE and BSE listing, and once bidding opens the exchanges' Shareholder category confirms it. IPO Guru is not a SEBI-registered research analyst — this page reports what the offer documents say and is not a recommendation to buy any share. A parent share bought only for the quota moves with the market like any other.
