Upcoming Mainboard IPO

Mainboard Issues Scheduled to Open — 5 September 2026

As of 5 September 2026, 12 issues are scheduled to open. 11 of them open within the next seven days. The nearest is Pranav Constructions, opening 7 September.

• Pranav Constructions — Mainboard, ₹118–124, opens in 2 days on 7 September and runs to 9 September. Lot of 120 shares, about ₹14,880 at the top of the band, issue size ₹351 crore.   Grey market premium ₹37 (29.8%).
• Kanohar Electricals — Mainboard, ₹601–632, opens in 3 days on 8 September and runs to 10 September. Lot of 23 shares, about ₹14,536 at the top of the band, issue size ₹1,056 crore.   Grey market premium ₹205 (32.4%).
• Prasol Chemicals — Mainboard, ₹643–676, opens in 3 days on 8 September and runs to 10 September. Lot of 22 shares, about ₹14,872 at the top of the band, issue size ₹500 crore.   Grey market premium ₹165 (24.4%).
• Glass Wall Systems — Mainboard, ₹172–182, opens in 3 days on 8 September and runs to 10 September. Lot of 82 shares, about ₹14,924 at the top of the band, issue size ₹428 crore.   Grey market premium ₹65 (35.7%).
• LCC Projects — Mainboard, ₹139–146, opens in 4 days on 9 September and runs to 11 September. Lot size and issue size not yet published.   Grey market premium ₹17 (11.6%).
• Asset Reconstruction — Mainboard, ₹132–139, opens in 4 days on 9 September and runs to 11 September. Lot of 107 shares, about ₹14,873 at the top of the band, issue size ₹733 crore.   No grey market quote is available.
• Karamtara Engineering — Mainboard, ₹241–254, opens in 4 days on 9 September and runs to 11 September. Lot of 59 shares, about ₹14,986 at the top of the band, issue size ₹875 crore.   Grey market premium ₹40 (15.8%).
• Rentomojo — Mainboard, ₹384–404, opens in 4 days on 9 September and runs to 11 September. Lot of 37 shares, about ₹14,948 at the top of the band, issue size ₹1,256 crore.   Grey market premium ₹95 (23.5%).
• Steamhouse India — Mainboard, price band not announced, opens in 4 days on 9 September and runs to 11 September. Issue size ₹414 crore.   No grey market quote is available.
• Manipal Payment — Mainboard, ₹322–339, opens in 4 days on 9 September and runs to 11 September. Lot size and issue size not yet published.   Grey market premium ₹29 (8.6%).
• Veegaland Developers — Mainboard, ₹130–140, opens in 5 days on 10 September and runs to 15 September. Lot of 107 shares, about ₹14,980 at the top of the band, issue size ₹210 crore.   Grey market premium ₹22 (15.7%).
• NSE — Mainboard, price band not announced, opens in 16 days on 21 September and runs to 23 September. Lot size and issue size not yet published.   Grey market premium ₹285.

Price bands and dates stay provisional until the final prospectus is filed, so anything above may change. An upcoming issue with no grey market quote is normal — dealers usually start pricing only after that filing. How to read an offer document →

Reading an Upcoming Mainboard IPO Before It Opens

A Mainboard issue has already cleared a substantial eligibility filter by the time it appears here. Knowing which route it qualified under tells you a good deal about the company.

• The profitability route. Net tangible assets of at least Rs 3 crore in each of the last three financial years, average operating profit of at least Rs 15 crore in three of the last five, and post-issue paid-up capital of at least Rs 10 crore.
• Or the QIB route. A company that cannot meet those tests may still list by allocating at least 75% of the issue to qualified institutional buyers, with 10% to retail and 15% to NII. That split is itself a signal: retail is being given a smaller share because institutions are underwriting the risk.
• The prospectus timeline is predictable. Roughly 30 days from draft filing to SEBI's observation letter, after which the company has up to a year to launch. The final prospectus carrying the price band and dates usually lands one to two weeks before the issue opens.
• The anchor book is the last preview. Anchors are allocated one working day before the public issue opens. For issues up to Rs 250 crore there must be between 5 and 15 anchors at a minimum of Rs 5 crore each, and anchors can take up to 60% of the QIB portion.
• Promoter lock-in. The minimum promoter contribution of 20% of post-issue capital is locked for 18 months, with excess holdings locked for six.

Dates on upcoming issues stay tentative until the final prospectus is filed. More on anchor investors →

IPO investing carries risk of capital loss, allotment is not guaranteed, and grey market premium is an unofficial signal rather than a prediction. Nothing here is investment advice — read the offer document and consult a SEBI-registered adviser before committing capital.