Upcoming IPO 2026 (India)
A live list of upcoming IPOs in India - the big names opening this week led by the Reliance Jio Platforms IPO, the mainboard IPOs open for subscription right now, and the most-awaited pipeline whose dates are still to be announced.
Last updated: 18 October 2026 · GMP is unofficial and indicative, as of 18 Oct 2026.
The next big IPO is Reliance Jio, opening 21 Oct 2026 at a price band of ₹1,065-₹1,119, alongside Paras Healthcare. Both close 23 Oct, with listing on 28 Oct. Four mainboard IPOs (Tonbo, Bonfiglioli, Sahajanand Medical, Zetwerk) are open now and close 19 Oct. Beyond these, PhonePe, Zepto, OYO, Razorpay and boAt are in the pipeline with dates not yet announced.
Which IPOs open this week (21-23 Oct)?
Big-ticket mainboard IPOs opening for subscription this week. Allotment ~26 Oct, listing ~28 Oct 2026.
| Company | Price Band | Lot Size | GMP | Issue Size |
|---|---|---|---|---|
| Reliance Jio Platforms | ₹1,065-₹1,119 | 12 shares | ₹250 (+22%) | ₹30,213 cr (fresh) |
| Paras Healthcare | ₹660-₹693 | 21 shares | ₹92 (+13%) | ₹1,450 cr |
Which IPOs are open right now (close 19 Oct)?
Apply now via your broker (Zerodha, Groww, Angel One, Upstox, etc.). These list around 23 Oct 2026.
| Company | Price Band | Lot Size | GMP | Issue Size |
|---|---|---|---|---|
| Tonbo Imaging India | ₹665-₹700 | 21 shares | ₹515 (+74%) | ₹852 cr OFS |
| Bonfiglioli Transmissions | ₹558-₹586 | 25 shares | ₹130 (+22%) | ₹2,534 cr |
| Sahajanand Medical Technologies | ₹327-₹344 | 43 shares | ₹29 (+8%) | ₹475 cr |
| Zetwerk Manufacturing | ₹143-₹151 | 99 shares | ₹6 (+4%) | ₹5,012 cr |
GMP is unofficial and indicative, as of 18 Oct 2026. See day-wise detail on the IPO GMP Today page.
Most-awaited pipeline (dates TBA)
These companies have filed with SEBI or are in advanced stages. All dates and sizes below are estimates and unconfirmed until an RHP is filed - there is no GMP for these yet.
Zepto
Quick Commerce
U-DRHP filed; ~₹8,010 cr. Dates not announced; estimates, unconfirmed.
PhonePe
Fintech
Confidential DRHP; est. ₹12,000-15,000 cr. Dates not announced; estimates, unconfirmed.
OYO (Oravel Stays)
Hospitality Tech
SEBI observations in; ~₹6,650 cr. Dates not announced; estimates, unconfirmed.
Hero FinCorp
NBFC
DRHP filed; ₹3,668 cr (fresh + OFS). Dates not announced; estimates, unconfirmed.
boAt (Imagine Marketing)
Consumer Electronics
Updated DRHP; ~₹1,500 cr. Dates not announced; estimates, unconfirmed.
Razorpay
Fintech / Payments
Confidential filing; ~₹5,000 cr. Dates not announced; estimates, unconfirmed.
Veritas Finance
NBFC
SEBI observations in; ~₹2,800 cr. Dates not announced; estimates, unconfirmed.
Flipkart
E-Commerce
Listing deferred; no official filing yet. Dates not announced; estimates, unconfirmed.
How to apply for an upcoming IPO
- 1
Open a demat + trading account
You need a demat account with a broker such as Zerodha, Groww, Angel One or Upstox before you can apply for any IPO.
- 2
Keep funds ready (UPI / ASBA)
IPO applications block money via UPI or ASBA rather than debiting it. Make sure your linked bank account has enough balance for at least one lot.
- 3
Apply on the open date
On the IPO's open date, go to the IPO section of your broker app, select the IPO, choose at least one lot and bid at the cut-off price, then approve the UPI mandate.
- 4
Wait for allotment
For oversubscribed IPOs, allotment is by lottery. Check your status on BSE or the registrar once the basis of allotment is finalised.
- 5
Listing day
If allotted, shares are credited to your demat one day before listing. You can then hold or sell on listing day based on the listing price.
Upcoming IPO - FAQs
Which IPO is coming next in India?
The next big IPO is Reliance Jio Platforms, opening 21 October 2026 at a price band of ₹1,065-₹1,119, alongside Paras Healthcare (₹660-₹693). Both close on 23 October, with allotment around 26 October and listing on 28 October 2026. Four mainboard IPOs - Tonbo Imaging, Bonfiglioli, Sahajanand Medical and Zetwerk - are already open and close on 19 October.
What are the biggest upcoming IPOs in 2026?
After Jio (~₹30,213 cr), the most-awaited names in the pipeline are PhonePe (est. ₹12,000-15,000 cr), Zepto (~₹8,010 cr), OYO (~₹6,650 cr), Razorpay (~₹5,000 cr), Hero FinCorp (₹3,668 cr), Veritas Finance (~₹2,800 cr) and boAt (~₹1,500 cr). Flipkart's listing has been deferred. For all of these, dates are not announced and the sizes are estimates, unconfirmed until an RHP is filed.
How do I apply for an upcoming IPO?
Open a demat and trading account with a broker (Zerodha, Groww, Angel One, Upstox, etc.), keep funds ready via UPI or ASBA, then on the IPO's open date go to the IPO section of your broker app, select the IPO, choose at least one lot, bid at the cut-off price and approve the UPI mandate. Your money is only blocked - it is debited only if you are allotted shares.
Where can I see confirmed IPO dates?
Confirmed open, close, allotment and listing dates come from the company's RHP (Red Herring Prospectus) and the BSE/NSE issue pages. Until an RHP is filed and the price band is announced, any dates circulating for pipeline names like Zepto, PhonePe or OYO are estimates only. Our IPO calendar flags which dates are confirmed versus tentative.
What is the difference between DRHP and RHP?
A DRHP (Draft Red Herring Prospectus) is the preliminary document a company files with SEBI for review - it does not contain the final price band or dates. The RHP (Red Herring Prospectus) is the final, SEBI-cleared version filed just before the IPO opens; it carries the confirmed price band, lot size and subscription dates. An IPO is only truly 'confirmed' once the RHP is out.
More IPO resources
Disclaimer: This page is educational and not investment advice. Pipeline dates and issue sizes are estimates and unconfirmed until an RHP is filed. Grey Market Premium (GMP) is an informal, unregulated indicator not endorsed by SEBI, BSE or NSE, stamped as of 18 Oct 2026 and subject to daily change. Verify all IPO data from official SEBI/exchange/registrar sources and read the RHP before investing.