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Upcoming Mainboard IPO in India 2026

Get an early look at every upcoming mainboard IPO heading to BSE and NSE — months before they list. We track every company currently in SEBI's review pipeline, from the day they file paperwork to the moment they get the final green light.

Updated +6 approved this week Source: SEBI weekly report ↗
Just Approved
6
Launching soon
Under Review
35
With SEBI now
Awaiting Reply
30
Queries pending
Total Pipeline
71
Companies tracked
★

Most-Watched in the Pipeline

Brand names
Zepto
✓ Approved
Pre-filing
Garuda Aerospace
In pipeline
Pre-filing
Rentomojo
In pipeline
Fresh + OFS
AGS Health
In pipeline
Pre-filing
Rediff.com
In pipeline
Pre-filing
Torrent Gas
In pipeline
Pre-filing
Manipal Health
In pipeline
Fresh + OFS
Truhome Finance
In pipeline
Fresh + OFS
Approved 6 Reviewing 35 Awaiting LM 27 Awaiting Exchange 1 Awaiting Regulator 2
Type:

Recently Approved by SEBI 6

These companies just received SEBI's go-ahead — expect IPO announcements in the coming weeks.

Company & Banker Approved On
Zepto Limited ★
Axis Capital · Pre-filing · Listing: Jul–Nov 2026
8 May 2026
Horizon Industrial Parks Limited
JM Financial · Fresh Only · Listing: Jul–Nov 2026
5 May 2026
Dhoot Transmission Limited
Axis Capital · Fresh + OFS · Listing: Jul–Nov 2026
5 May 2026
Hotel Polo Towers Limited
Equirus Capital · Fresh + OFS · Listing: Jul–Oct 2026
4 May 2026
Crystal Crop Protection Limited
IIFL Capital Services · Fresh + OFS · Listing: Jul–Oct 2026
4 May 2026
Surgiwear Limited
Motilal Oswal · Fresh + OFS · Listing: Jul–Oct 2026
4 May 2026
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Under SEBI Review 35

DRHPs SEBI is actively reviewing. Most companies stay in this stage for 2–6 months.

Company & Banker Filed On
Jindal Supreme (India) Limited
Sarthi · Fresh + OFS · Filed 10 days ago
4 May 2026
Playsimple Games Limited
Axis Capital · OFS Only · Filed 16 days ago
28 Apr 2026
Naini Papers Ltd.
IIFL Capital Services · Fresh + OFS · Filed 23 days ago
21 Apr 2026
Absolute Projects (India) Limited
Cumulative Capital · Fresh Only · Filed 35 days ago
9 Apr 2026
Gujarat Victory Forgings Limited
Monarch Networth Capital · Fresh + OFS · Filed 37 days ago
7 Apr 2026
Kay Jay Forgings Limited
PL Capital Markets · Fresh + OFS · Filed 37 days ago
7 Apr 2026
Nityas Gems and Jewellery Limited
Choice · Fresh Only · Filed 37 days ago
7 Apr 2026
GARUDA AEROSPACE LIMITED ★
IIFL Capital · Pre-filing · Filed 37 days ago
7 Apr 2026
Intellius Recode Limited
Inga Ventures · Fresh + OFS · Filed 37 days ago
7 Apr 2026
Chandan Steel Limited (Confidential)
Motilal Oswal · Pre-filing · Filed 42 days ago
2 Apr 2026
SNVA Traveltech Limited (Confidential)
Equirus Capital · Pre-filing · Filed 42 days ago
2 Apr 2026
COSMIC PV POWER LIMITED
Systematix Corporate Services · Fresh + OFS · Filed 42 days ago
2 Apr 2026
Expression 360 Services India Limited
Smart Horizon · OFS Only · Filed 43 days ago
1 Apr 2026
Monomark Engineering (India) Limited
Holani Consultants Private · Fresh Only · Filed 43 days ago
1 Apr 2026
AGS Health Limited ★
ICICI Securities · Pre-filing · Filed 44 days ago
31 Mar 2026
Torrent Gas Ltd. ★
Axis Capital · Pre-filing · Filed 50 days ago
25 Mar 2026
Trenzet Infra Limited
Unistone Capital · Fresh + OFS · Filed 52 days ago
23 Mar 2026
RKB Global Limited
Aryaman · Fresh + OFS · Filed 55 days ago
20 Mar 2026
SBI Funds Management Limited ★
Kotak Mahindra Capital Company · OFS Only · Filed 56 days ago
19 Mar 2026
PGP Glass Limited
Axis Capital · Pre-filing · Filed 57 days ago
18 Mar 2026
Swaraj Green Power and Fuel Limited
Centrum Capital · Fresh + OFS · Filed 59 days ago
16 Mar 2026
Moneyview Limited ★
Axis Capital · Fresh + OFS · Filed 66 days ago
9 Mar 2026
Sunil Gold India Limited
Unistone Capital · Fresh + OFS · Filed 66 days ago
9 Mar 2026
Shreni Shares Limited
Aryaman · Fresh + OFS · Filed 71 days ago
4 Mar 2026
Bonfiglioli Transmissions Limited
Axis Capital · OFS Only · Filed 92 days ago
11 Feb 2026
SRIT India Limited
Choice · Fresh · Filed 101 days ago
2 Feb 2026
Rodec Pharma Ltd.
Khambatta Securities · OFS Only · Filed 114 days ago
20 Jan 2026
Veegaland Developers Limited
Cumulative Capital · Fresh Only · Filed 125 days ago
9 Jan 2026
Deepa Jewellers Ltd.
Emkay Global · Fresh + OFS · Filed 132 days ago
2 Jan 2026
Krishna Buildspace Limited
Mefcom Capital Markets · Fresh + OFS · Filed 132 days ago
2 Jan 2026
MEHTA HITECH INDUSTRIES LIMITED
Beeline · Fresh Only · Filed 132 days ago
2 Jan 2026
Oravel Stays Limited ★
Axis Capital · Pre-filing · Filed 133 days ago
1 Jan 2026
Jakson Green Limited ★
Nuvama Wealth Management · Pre-filing · Filed 139 days ago
26 Dec 2025
SHIVGANGA DRILLERS LIMITED
Aryaman · Fresh Only · Filed 146 days ago
19 Dec 2025
RENNY STRIPS LIMITED
Pantomath · Fresh + OFS · Filed 148 days ago
17 Dec 2025

Awaiting Lead Manager Response 27

SEBI has raised queries; waiting on the merchant banker to reply.

Company & Banker Filed On
T.C. Terrytex Limited
Sobhagya Capital Options · Fresh + OFS · Filed 35 days ago
9 Apr 2026
Punjab Carbonics Limited
Beeline Capital Advisors Pvt · Fresh + OFS · Filed 35 days ago
9 Apr 2026
Sadbhav Futuretech Limited
Beeline · Fresh + OFS · Filed 37 days ago
7 Apr 2026
Adroit Industries India Limited
Choice · Fresh + OFS · Filed 37 days ago
7 Apr 2026
Pioneer Fil-med Ltd.
Nuvama Investment Banking · Fresh + OFS · Filed 42 days ago
2 Apr 2026
Zetwerk Manufacturing Business Ltd.
Kotak Mahindra Capital Company · Pre-filing · Filed 43 days ago
1 Apr 2026
Synergy Advanced Metals Limited
Ambit · Pre-filing · Filed 43 days ago
1 Apr 2026
Rentomojo Limited ★
Motilal Oswal · Fresh + OFS · Filed 43 days ago
1 Apr 2026
Rediff.com India Limited ★
Keynote · Pre-filing · Filed 44 days ago
31 Mar 2026
Bvishal Oil and Energy Limited
Unistone Capital · Fresh + OFS · Filed 44 days ago
31 Mar 2026
Sohan Lal Commodity Management Limited
Pantomath · Pre-filing · Filed 44 days ago
31 Mar 2026
Laxyo Limited
Indorient · Fresh Only · Filed 45 days ago
30 Mar 2026
Sathya Agencies Limited
Anand Rathi Advisors · Fresh + OFS · Filed 45 days ago
30 Mar 2026
Bharat PET Limited
Equirus Capital (P) · Fresh + OFS · Filed 50 days ago
25 Mar 2026
Manipal Health Enterprises Limited ★
Kotak Mahindra Capital Company · Fresh + OFS · Filed 50 days ago
25 Mar 2026
Truhome Finance Ltd. ★
JM Financial · Fresh + OFS · Filed 51 days ago
24 Mar 2026
Polite Powertech Limited
Arihant Capital Markets · Fresh + OFS · Filed 52 days ago
23 Mar 2026
MARRI RETAIL LIMITED
Nuvama Wealth Management · Fresh + OFS · Filed 100 days ago
3 Feb 2026
Bombay Coated and Speicla Steels Limited
Smart Horizon · Fresh Only · Filed 104 days ago
30 Jan 2026
Kanohar Electricals Limited
Nuvama Wealth Management · Fresh + OFS · Filed 107 days ago
27 Jan 2026
SS Retail Limited
Anand Rathi Advisors · Fresh + OFS · Filed 129 days ago
5 Jan 2026
NEOLITE ZKW LIGHTINGS LIMITED
Anand Rathi Advisors · Fresh + OFS · Filed 132 days ago
2 Jan 2026
Casagrand Premier Builder Limited
Motilal Oswal · Fresh + OFS · Filed 135 days ago
30 Dec 2025
WOG Technologies Limited
Unistone Capital · Fresh + OFS · Filed 136 days ago
29 Dec 2025
Aspri Spirits Limited
Motilal Oswal · Fresh + OFS · Filed 153 days ago
12 Dec 2025
Sterlite Electric Limited
Axis Capital · Fresh + OFS · Filed 223 days ago
3 Oct 2025
Cotec Healthcare Limited
Pantomath · Fresh + OFS · Filed 237 days ago
19 Sep 2025

Awaiting Stock Exchange Approval 1

SEBI is done with its review — pending BSE / NSE in-principle clearance.

Company & Banker Filed On
Jainam Broking Limited
Intensive · Pre-filing · Filed 219 days ago
7 Oct 2025

Awaiting Other Regulator Comments 2

Other agencies (e.g. RBI, IRDAI) are still reviewing.

Company & Banker Filed On
Advanta Enterprises Limited
JM Financial · OFS Only · Filed 112 days ago
22 Jan 2026
Tonbo Imaging India Limited
JM Financial · OFS Only · Filed 135 days ago
30 Dec 2025

What is an Upcoming Mainboard IPO?

An upcoming mainboard IPO is a public issue from a company that has filed its draft offer document (DRHP) with the Securities and Exchange Board of India (SEBI) but has not yet opened for public subscription on the BSE or NSE mainboard. Before any company can list on the Indian mainboard, SEBI must review the offer document, raise clarifications with the merchant banker (lead manager) and issue its formal observations — a process that typically takes 2 to 6 months.

Mainboard IPOs are different from SME IPOs: they list on the main BSE / NSE boards, have a minimum post-issue paid-up capital of ₹10 crore, and are open to all retail investors. Most household-name IPOs in India — from large banks to tech unicorns — are mainboard issues.

This page lists every company currently sitting in SEBI's mainboard IPO pipeline, organised by where each one stands in the review process. Data is refreshed every week directly from SEBI's official Processing Status of Draft Offer Documents report.

How a Company Reaches the Mainboard

From the day paperwork is filed to the day shares list on BSE / NSE.

  1. 1

    DRHP filed with SEBI

    The company and its lead manager submit the Draft Red Herring Prospectus. The filing is acknowledged and goes into SEBI's review queue.

  2. 2

    SEBI Review & Clarifications

    SEBI scrutinises every section of the DRHP and typically issues clarifications. The lead manager must respond before the review moves forward.

  3. 3

    Observations issued (SEBI Approval)

    Once SEBI is satisfied it issues formal observations. This is the regulator's effective green light. Observations are valid for 12 months.

  4. 4

    Exchange In-Principle Approval

    BSE and NSE separately clear the issue. Pre-filed companies also do an updated public DRHP at this stage.

  5. 5

    Price Band, RHP & IPO Open

    The company announces a price band, files the Red Herring Prospectus and the 3-day subscription window opens to retail, HNI and institutional investors.

  6. 6

    Allotment & Listing on BSE / NSE

    Within 3 working days of close, allotment is finalised and shares list on the mainboard. From IPO close to listing now takes T+3.

How to Track & Invest in Upcoming IPOs

You cannot apply for an upcoming mainboard IPO until the company sets a price band and opens its subscription window — usually a 3-day window announced 5–7 days in advance. Once open, you can apply through any SEBI-registered broker (Zerodha, Groww, Upstox, ICICI Direct, HDFC Sec, etc.) using ASBA via UPI.

In the meantime, here's how to stay ahead of every upcoming IPO:

Frequently Asked Questions

Quick answers about upcoming mainboard IPOs in India.

An upcoming mainboard IPO is a public issue from a company that has filed its draft offer document (DRHP) with SEBI but has not yet opened for subscription on the BSE or NSE mainboard. SEBI must review and issue observations on the document before the company can launch the IPO.
SEBI typically takes 2 to 6 months to issue observations on a DRHP, depending on the company's industry, document quality and how quickly the merchant banker responds to clarifications. Once observations are issued, the company usually launches within 3 to 12 months.
DRHP (Draft Red Herring Prospectus) is the initial document filed with SEBI for review. Pre-filing is a newer confidential route where the company files first with SEBI before making any disclosure public. RHP (Red Herring Prospectus) is the final document filed just before the IPO opens, with the price band included.
When SEBI issues observations on a DRHP, it means the regulator has finished its review and the company now has the green light to proceed with the IPO. The company must address SEBI's comments in the final RHP and can then approach the stock exchanges for in-principle approval.
You cannot apply for an upcoming IPO until the company sets a price band and opens the subscription window — usually a 3-day window announced 5–7 days in advance. Once open, you can apply through any broker (Zerodha, Groww, Upstox, ICICI Direct, etc.) using ASBA via UPI.
Yes. Companies routinely withdraw or postpone their IPO even after receiving SEBI approval if market conditions are unfavourable, valuations slip or internal priorities change. SEBI observations are valid for 12 months — if the IPO is not launched within that window, the company has to refile.
In a Fresh Issue, the company issues new shares and the money raised goes to the company. In an OFS (Offer for Sale), existing shareholders sell their shares and the money goes to them, not the company. A Fresh + OFS combines both in the same IPO.
As of 8 May 2026, 71 companies are in SEBI's mainboard IPO pipeline — 6 just received SEBI's go-ahead, 35 are under active review, and 30 are awaiting responses from the merchant banker, stock exchanges or other regulators.

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A SEBI filing doesn't guarantee an IPO will launch — companies can withdraw at any stage. Data sourced from SEBI's Processing Status of Draft Offer Documents, updated every week.