Upcoming IPO 2026 with Price Band and Lot Size: Full Details

Price band and lot size are usually the first two things investors check before applying to any IPO, and for good reason. Together, they decide your minimum investment amount, which can range from under ₹15,000 to well over ₹2 lakh depending on the issue.

This page covers the upcoming IPO 2026 with price band and lot size details for the issues that have been active through June 2026, along with a simple explanation of how lot size actually works and why it varies so much between mainboard and SME companies.

Mainboard vs SME: Quick Comparison

Before diving into the individual issues, here's a side-by-side look at how mainboard and SME IPOs typically differ when it comes to price band and lot size structure.

Parameter	Mainboard IPO	SME IPO
Typical Minimum Investment	Around ₹15,000	₹1,00,000 to ₹2,50,000+
Lot Size Range Seen	78-333 shares (varies with price)	1,000-1,200+ shares
Listing Platform	BSE / NSE Mainboard	BSE SME / NSE Emerge
NII Minimum Lots	Usually 13-14 lots	Usually 2-3 lots
Price Band Revision	Rare once announced	Sometimes adjusted before opening

This table is a good starting point if you're comparing where to allocate funds, since it shows just how different the entry cost can be between the two categories, even before looking at individual companies.

Why Price Band and Lot Size Matter So Much

The price band tells you the range within which the company expects to price its shares, usually a lower and upper limit a few rupees apart. Most retail investors end up bidding at the cut-off price, which is simply the upper end of this band.

Lot size, on the other hand, is the minimum number of shares you must apply for. You can't buy just one or two shares in an IPO — it has to be in multiples of the lot size, and this is exactly why minimum investment amounts differ so widely.

For someone trying to plan funds across multiple applications, knowing the lot size in advance means you can calculate exactly how much money will get blocked in your account for each IPO.

Mainboard IPOs: Price Band and Lot Size

Mainboard IPOs are generally designed so that the minimum retail investment stays close to ₹15,000, regardless of the share price. This is achieved by adjusting the lot size up or down based on the price band.

Company	Price Band (₹)	Lot Size	Minimum Investment (Retail)
CMR Green Technologies	182-192	78 shares	₹14,976
Hexagon Nutrition	42-45	333 shares	₹14,985

Notice how both issues land close to the same ₹15,000 mark despite very different share prices. CMR Green Technologies, priced higher at ₹192, needed a smaller lot of 78 shares, while Hexagon Nutrition, priced lower at ₹45, needed a much larger lot of 333 shares to reach roughly the same investment figure.

This pattern holds true for most mainboard IPOs, which is why retail investors rarely need to do this maths themselves — but knowing it helps when comparing multiple issues at a glance.

SME IPOs: Price Band and Lot Size

SME IPOs work a little differently. While mainboard lots tend to stay near ₹15,000, SME lot sizes are often set higher, pushing the minimum retail investment closer to ₹1-2.5 lakh in many cases.

Company	Price Band (₹)	Lot Size	Minimum Investment (Retail)
Susan Electricals India	120-127	1,000 shares	₹1,27,000
Horizon Reclaim (India)	98-103	1,200 shares	₹2,47,200 (2 lots)
Vahh Chemicals	Around 60	As per RHP	Refer RHP
UHM Vacation	157-166	As per RHP	Refer RHP
GenXAI Analytics	110-116	As per RHP	Refer RHP
Utkal Speciality Industries India	Not finalised	Not finalised	To be announced
Liotech Industries	Not finalised	Not finalised	To be announced

Horizon Reclaim stands out here because retail investors needed a minimum of two lots, not one, taking the entry point above ₹2.4 lakh. This is higher than what many first-time SME applicants expect, so it's worth checking this number before assuming every SME IPO is "cheap" to apply for.

Susan Electricals India, with a lot size of 1,000 shares at the upper band of ₹127, required just over ₹1.27 lakh for a single lot — still a meaningful jump compared to most mainboard issues.

How Lot Size Affects Your Application Strategy

If you're applying to several issues from the upcoming IPO 2026 with price band and lot size list in the same week, the combined minimum investment can add up quickly. Two SME IPOs with lot sizes similar to Horizon Reclaim could easily require ₹4-5 lakh in blocked funds together.

This is where checking lot size in advance really helps. Rather than discovering on application day that your account doesn't have enough balance for a second IPO, you can plan ahead and decide which issue to prioritise.

For non-institutional investors (NII), the minimum lot requirement is usually higher still — often two to three times the retail lot. Susan Electricals India, for instance, required three lots (₹3.81 lakh) for the NII category.

A Quick Look at How These Numbers Are Decided

Lot size isn't a random number — it's calculated by the company and its merchant banker based on the upper price band, working backwards from a target minimum investment figure set roughly around ₹14,000-15,000 for mainboard issues.

For SME issues, SEBI rules allow a higher minimum application amount, which is part of why SME lot sizes often translate into a bigger upfront commitment. This is intentional, as it's meant to align with the kind of investor SME companies are typically targeting.

Once the lot size is fixed, it stays the same throughout the price band — meaning whether the final price lands at the lower or upper end, you'll still apply for the same number of shares, just at a slightly different total cost.

Things to Remember Before You Apply

Always double-check the lot size on your broker's app right before placing the bid, since occasionally there can be last-minute updates to the price band that shift the exact minimum investment slightly.

If you're a retail investor applying near the upper limit of ₹2 lakh, be aware that some platforms automatically shift your application into the NII category if your bid value crosses this threshold, which comes with a higher minimum lot requirement.

It's also worth keeping a small cushion in your bank account beyond the exact lot value, since UPI mandate amounts are sometimes rounded or include minor processing buffers depending on your bank.

Final Thoughts

Price band and lot size might seem like small details, but they directly decide how much money you need to set aside and how many shares you'll actually receive on allotment. Mainboard IPOs tend to keep this number close to ₹15,000, while SME IPOs can range anywhere from ₹1 lakh to over ₹2.5 lakh depending on the issue.

Keep checking this page as new names get added to the upcoming IPO 2026 with price band and lot size list, especially as several SME issues are still awaiting final price band confirmation.

Frequently Asked Questions

1. What is the difference between price band and issue price?

The price band is a range with a lower and upper limit announced before the IPO opens. The issue price, also called the cut-off price, is the final price decided after the subscription period ends, usually at or near the upper end of the band.

2. Can I apply for less than one lot in an IPO?

No, applications must be in multiples of the fixed lot size. If the lot size is 1,000 shares, you can apply for 1,000, 2,000, 3,000 shares and so on, but not for any number in between.

3. Why do SME IPOs have higher minimum investment than mainboard IPOs?

SME lot sizes are generally structured to require a higher minimum investment, often ₹1 lakh or more, compared to the roughly ₹15,000 minimum typical of mainboard IPOs. This is by design and reflects SEBI's framework for SME issues.

4. Does the lot size change if I apply at the lower price band?

No, the lot size stays fixed regardless of where the final price lands within the band. Only the total amount required changes slightly depending on whether the price settles at the lower or upper end.

5. What happens if my bid amount crosses ₹2 lakh as a retail investor?

Many broker platforms automatically move such applications into the non-institutional investor (NII) category, which usually requires a higher minimum lot size than the retail category.

6. How is the minimum investment amount calculated?

It's simply the lot size multiplied by the issue price (usually the upper price band). For example, a lot size of 1,000 shares at ₹127 per share works out to ₹1,27,000.

7. Where can I find the exact lot size for an upcoming IPO?

Your broker's app usually displays the lot size once the price band is announced, typically a day or two before the IPO opens. The company's RHP (Red Herring Prospectus) also carries this information in detail.

8. Is a higher lot size a sign of a "better" IPO?

Not necessarily. Lot size is mainly a function of the price band and SEBI's minimum investment rules, and doesn't directly indicate the quality or potential of the company.

9. Can lot size differ between retail and HNI categories?

Yes, the per-lot size of shares stays the same, but the minimum number of lots required differs. Retail investors usually apply for one lot, while HNI/NII categories often require two or three lots minimum.

10. What if the price band for an IPO is "not finalised" yet?

This simply means the company hasn't announced its price band at the time of checking, usually because the issue is still a few days or weeks away from opening. Lot size and minimum investment details typically get released along with the price band.

Disclaimer: IPO investments carry market risk. Please read the official prospectus (RHP) for exact price band and lot size details before applying, and consult a registered financial advisor if needed. Figures mentioned here are based on publicly available information as of mid-June 2026 and may change.