An IPO is going to be opened. Everyone is talking about how much it will have a high GMP. Social media is forecasting that you’ll make a profit at listing. Suddenly people want to apply.
But does a popular IPO automatically make a good investment?
No.
With a few Upcoming IPOs in India in the months of October and November 2026, it is important to have clarity on the subscription dates, price range, company details and set your expectations right.
At Ruchir Gupta Trading Academy We encourage investors to make themselves aware of how financial markets work.
This guide will cover:
The latest IPO calendar. What is GMP? What to expect? Investment strategies for IPOs.
Upcoming IPOs in India 2026 [Quick Answer]
The upcoming IPOs in India include Bombay Coated and Special Steels, Antala Industries, HGS India, Vectras Enprocon, Johnsoncab Electricals, Maxwell Engineering Solutions, and Vedant Poly Fabs. Their subscription period will start anywhere between the dates of October 29 to November 2, 2026. Before applying, investors must know about their price range, company fundamentals, valuation, and risk involved in investing in an IPO.
Upcoming IPOs in India 2026: Latest IPO Calendar
List of upcoming IPO 2026 are given below which will be going to open after October 28, 2026.
Upcoming Mainboard IPOs
| Company | Opening Date | Closing Date | Price Band | Issue Size |
| Bombay Coated and Special Steels | 29 Oct 2026 | 2 Nov 2026 | ₹78–₹82 | ₹183.06 Cr |
Upcoming SME IPOs
| Company | Opening Date | Closing Date | Price Band | Issue Size |
| Antala Industries | 29 Oct 2026 | 2 Nov 2026 | ₹63–₹67 | ₹23.33 Cr |
| HGS India | 30 Oct 2026 | 3 Nov 2026 | ₹114–₹120 | Up to ₹34.56 Cr |
| Vectras Enprocon | 30 Oct 2026 | 3 Nov 2026 | ₹99–₹105 | Up to ₹53.05 Cr |
| Johnsoncab Electricals | 30 Oct 2026 | 3 Nov 2026 | ₹190–₹200 | Up to ₹56.02 Cr |
| Maxwell Engineering Solutions | 30 Oct 2026 | 3 Nov 2026 | ₹150–₹158 | Up to ₹57.64 Cr |
| Vedant Poly Fabs | 2 Nov 2026 | 4 Nov 2026 | ₹88–₹94 | Up to ₹56.68 Cr |
IPO schedules and final issue details may change. Verify the current offer documents and exchange announcements before applying.
Most Anticipated Upcoming IPOs in India
Beyond IPOs with announced dates, several companies are attracting attention among investors.
The following companies appear in the IPO pipeline, but their subscription dates and price bands have not been announced.
| Company | Sector | IPO Date | Price Band |
| Zepto | Quick commerce | To be announced | Not announced |
| Truhome Finance | Housing finance | To be announced | Not announced |
| Marri Retail | Retail | To be announced | Not announced |
| Razorpay | Digital payments | To be announced | Not announced |
| InCred Holdings | Financial services | To be announced | Not announced |
| Allchem Lifescience Ltd | Life sciences | To be announced | Not announced |
| CarDekho | Automotive technology | To be announced | Not announced |
| Flipkart | E-commerce | To be announced | Not announced |
| Haldiram’s Snacks Foods | Food and snacks | To be announced | Not announced |
| Hero FinCorp Ltd | Financial services | To be announced | Not announced |
| Integris Medtech Ltd | Medical technology | To be announced | Not announced |
| PayU | Digital payments | To be announced | Not announced |
| PhonePe | Digital payments | To be announced | Not announced |
| PlaySimple Games Ltd | Mobile gaming | To be announced | Not announced |
| Virupaksha Organics Ltd | Chemicals | To be announced | Not announced |
A company listed on an IPO pipeline may not be issued in 2026.
However, you must wait until they issue the terms of the offer.
Upcoming IPO GMP – What is it?
The term upcoming IPO GMP refers to the informal amount added to shares of an IPO before it is listed.
This is an indication of the demand for them outside of the exchange.
How is the IPO GMP Determined?
Say a company announces an IPO priced at ₹100 per share.
- If its reported GMP is ₹20:
- IPO issue price: ₹100
- Grey market premium: ₹20
- Implied listing expectation: ₹120
- Implied premium: 20%
However, the actual stock may list above or below that expectation.
Upcoming IPO GMP Comparison
| Upcoming IPO | Upper Price Band | GMP Status |
| Bombay Coated and Special Steels | ₹82 | Not independently verified |
| Antala Industries | ₹67 | Not independently verified |
| HGS India | ₹120 | Not independently verified |
| Vectras Enprocon | ₹105 | Not independently verified |
| Johnsoncab Electricals | ₹200 | Not independently verified |
| Maxwell Engineering Solutions | ₹158 | Not independently verified |
| Vedant Poly Fabs | ₹94 | Not independently verified |
Do not assume that GMP is zero.
Expert opinion: A high GMP can lead to unrealistic expectations. It is an informal and may not always be reliable measure. There are no guarantees of profits on listing day.
Best Upcoming IPO in India: Which should Investors go for?
Which is the best Upcoming IPO to invest in?
There is no right answer. It depends on how financially sound the company is, what its valuation is, where it stands in its industry and what the investment risk is.
Mainboard IPO vs SME IPO
| Feature | Mainboard IPO | SME IPO |
| Company size | Generally larger | Smaller enterprises |
| Minimum investment | Usually lower | Often higher |
| Liquidity | May be stronger | Can be limited |
| Risk | Business and market risk | Additional liquidity and concentration risks |
| Analysis | Financials and valuation | Financials, valuation and liquidity |
Factors you should look at before investing
- Is there steady revenue growth?
- Is the business profitable?
- Does it have any debt?
- Is the price reasonable relative to other competitors?
- Will the proceeds help the company grow?
Just because something is cheaper in terms of price doesn’t mean it is a better investment.
A stock with a low price like ₹70 might actually have poor earnings, and therefore could be more expensive than another stock with high profitability which costs ₹700.
Why IPO Listing Gains Can Be Misleading
Imagine investing ₹15,000 in a newly launched IPO because everyone expects a strong listing.
The actual outcome could be very different.
| Listing Performance | Investment Value | Gross Profit/Loss |
| +25% | ₹18,750 | +₹3,750 |
| +10% | ₹16,500 | +₹1,500 |
| 0% | ₹15,000 | ₹0 |
| −20% | ₹12,000 | −₹3,000 |
Illustrative example excluding taxes and transaction costs.
This is why the upcoming best IPO cannot be determined by popularity or unofficial premiums alone.
How to Apply for an Upcoming IPO in India
Investors can generally apply through supported brokerage accounts or bank ASBA facilities.
Step to apply for an IPO
- Open an eligible Demat account
- Choose the IPO you want to apply to during the subscription period
- Know the Price Band and Apply for lots
- Read the Red Herring Prospectus.
- Enter the required bid quantity and price.
- Approve the applicable UPI or ASBA fund-blocking request.
- Track allotment through the official registrar.
If shares are allotted, the applicable amount is debited. Otherwise, blocked funds are released according to the relevant process.
Seven IPO Investment Mistakes to Avoid
Before investing in an upcoming IPO, avoid:
- Applying solely because a company is trending.
- Treating GMP as guaranteed profit.
- Ignoring valuation and financial statements.
- Overlooking SME liquidity risks.
- Investing emergency savings.
- Following unverified trading tips.
- Assuming heavy subscription guarantees listing gains.
Practical takeaway: Missing one IPO is better than investing without understanding the business.
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It’s important to have an awareness of upcoming IPO dates. The broader financial education is necessary to comprehension of how markets work, how prices move and how to manage risk.
For us at Ruchir Gupta Trading Academy, the key is to provide beginners and market learners with practical knowledge by offering them structured stock market education.
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- Stock market fundamentals
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- The psychology and risk management of trading.
A knowledge of the following subjects will enable investors to have a clearer understanding of the financial markets, but company specific fundamental analysis is also required to assess any individual IPO.
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An alternative option to social media tips is learning through a structured approach.
It is important to make the right choice of course when starting to learn about the stock markets or advanced trading techniques.
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Conclusion:
There are several interesting IPOs to learn from that are coming up in the IPO calendar of India in 2026.
However, you should not be attracted by low price bands, famous brands and good GMP.
Before applying you should understand the fundamentals of the company, valuations, risk factors and your investment objective.
At Ruchir Gupta Trading Academy we like to make our investors knowledgable on the market, understand the risks they are taking.
This article is for educational puposes only. This is not financial advice. Information such as dates, size, price and availability of the IPOs may change. Please consult official offer documents before investing.
