Upcoming IPO

Issues Scheduled to Open — 23 August 2026

As of 23 August 2026, 10 issues are scheduled to open — 6 Mainboard and 4 SME. 9 of them open within the next seven days. The nearest is Symbiotec Pharmalab, opening 24 August.

• Symbiotec Pharmalab — Mainboard, ₹938–988, opens tomorrow and runs to 27 August. Lot of 15 shares, about ₹14,820 at the top of the band, issue size ₹1,757 crore.   Grey market premium ₹410 (41.5%).
• Hy-Tech Engineers — Mainboard, ₹50–53, opens tomorrow and runs to 27 August. Lot of 283 shares, about ₹14,999 at the top of the band, issue size ₹136 crore.   Grey market premium ₹27 (50.9%).
• Madhur Knit Crafts — SME, ₹95–100, opens tomorrow and runs to 27 August. Lot of 2400 shares, about ₹2,40,000 at the top of the band, issue size ₹27 crore.   No grey market quote is available.
• ABH Healthcare — SME, ₹96–102, opens tomorrow and runs to 27 August. Lot of 2400 shares, about ₹2,44,800 at the top of the band, issue size ₹35 crore.   No grey market quote is available.
• Skyways Air — Mainboard, ₹131–137, opens tomorrow and runs to 27 August. Lot of 100 shares, about ₹13,700 at the top of the band, issue size ₹583 crore.   Grey market premium ₹37 (27%).
• Sumax Engineering — SME, ₹95–101, opens in 2 days on 25 August and runs to 28 August. Lot of 2400 shares, about ₹2,42,400 at the top of the band, issue size ₹53 crore.   Grey market premium ₹32 (31.7%).
• Annu Projects — Mainboard, ₹94–99, opens in 2 days on 25 August and runs to 28 August. Lot of 151 shares, about ₹14,949 at the top of the band, issue size ₹175 crore.   Grey market premium ₹4 (4%).
• Lumino Industries — Mainboard, ₹78–82, opens in 4 days on 27 August and runs to 31 August. Lot of 182 shares, about ₹14,924 at the top of the band, issue size ₹700 crore.   Grey market premium ₹52 (63.4%).
• Kwick Forensic Solutions — SME, ₹85–90, opens in 4 days on 27 August and runs to 31 August. Lot of 3200 shares, about ₹2,88,000 at the top of the band, issue size ₹51 crore.   Grey market premium ₹51 (56.7%).
• Rays of Belief — Mainboard, price band not announced, opens in 9 days on 1 September and runs to 3 September. Lot size and issue size not yet published.   No grey market quote is available.

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.