Upcoming IPO

Issues Scheduled to Open — 5 September 2026

As of 5 September 2026, 16 issues are scheduled to open — 12 Mainboard and 4 SME. 15 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%).
• Apana Logistics — SME, ₹60 fixed price, opens in 2 days on 7 September and runs to 9 September. Lot of 2000 shares, about ₹1,20,000 at the top of the band, issue size ₹34 crore.   Grey market premium ₹3 (5%).
• 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 ₹67 (36.8%).
• Amtech Esters — SME, ₹71–75, opens in 4 days on 9 September and runs to 11 September. Lot of 1600 shares, about ₹1,20,000 at the top of the band, issue size ₹18 crore.   Grey market premium ₹5 (6.7%).
• LCC Projects — Mainboard, ₹139–146, opens in 4 days on 9 September and runs to 11 September. Lot of 102 shares, about ₹14,892 at the top of the band, issue size ₹427 crore.   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 ₹99 (24.5%).
• 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.
• Infrax Renewable — SME, ₹104 fixed price, opens in 4 days on 9 September and runs to 11 September. Lot of 1200 shares, about ₹1,24,800 at the top of the band, issue size ₹41 crore.   No grey market quote is available.
• Vinod Texworld — SME, ₹94 fixed price, opens in 4 days on 9 September and runs to 11 September. Lot of 1200 shares, about ₹1,12,800 at the top of the band, issue size ₹43 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 of 44 shares, about ₹14,916 at the top of the band, issue size ₹805 crore.   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 →

What Happens Between Filing and Opening

An IPO becomes visible long before you can apply for it. The gap between a company filing its draft offer document and the issue opening is typically three to six months, and each milestone in between tells you something.

• Draft filing. The company submits its draft offer document to SEBI. This is the first full public disclosure of financials, risk factors and how the money will be used — and it is available to read months before you need to decide.
• SEBI observations. Usually around 30 days later. Once the observation letter is issued the company has up to a year to launch, which is why a filed issue can sit dormant for months.
• Final prospectus. Filed with the price band and dates, generally one to two weeks before opening. Until this lands, any price band or date you see anywhere is an estimate.
• Anchor allocation. One working day before the issue opens — the last signal available before you commit capital.
• Grey market quotes. These appear only once dealers start pricing an issue, typically after the final prospectus. An upcoming issue with no GMP is not a bad sign; it usually just means the market has not started quoting it yet.

Use the waiting period to read the offer document rather than the premium. How to read an offer document → · Mainboard only → · SME only →

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.