IPO tracker: upcoming, open and recent IPOs in India
Every mainboard and SME IPO in one place: dates, price band, lot size, subscription, company financials and listing gains, explained in plain English. Tap any IPO for full details.
IPO basics
How do I apply for an IPO?
Through your broker’s app or your bank’s net banking using UPI or ASBA. You bid for one or more lots during the open dates. The money stays blocked in your bank account and is only taken if you get shares; otherwise it is released after allotment. Don’t have a demat account yet? You can open one with Angel One (affiliate link) and use referral code SRTV when you sign up to get brokerage discounts.
What is the difference between mainboard and SME IPOs?
Mainboard IPOs list on the main BSE and NSE platforms and have a minimum investment of about ₹15,000. SME IPOs are from smaller companies, list on the BSE SME or NSE Emerge platforms, and need a bigger minimum application (two lots, usually over ₹2 lakh). SME shares can also be harder to sell because fewer people trade them.
What do QIB, HNI and retail mean?
Each IPO sets aside shares for different investor groups. QIBs are institutions such as mutual funds and insurers. HNIs (non-institutional investors) bid more than ₹2 lakh. Retail investors bid up to ₹2 lakh. If the retail part is oversubscribed, shares are given by lottery, one lot per winner.
What is a fresh issue versus an offer for sale (OFS)?
In a fresh issue the company sells new shares and keeps the money, for example to repay debt or expand. In an offer for sale, existing owners sell their shares and the money goes to them, not the company.
Does high subscription mean the IPO will list at a gain?
Not always. Heavy demand from institutions is often a good sign, but listing price also depends on market mood on the day, and some heavily subscribed IPOs still list below their issue price. Look at the business, its profits and its debt, not only the demand.
Why don’t you show GMP?
The grey market premium is an unofficial, unregulated price quoted by dealers. It is easy to move and often wrong, so we show official subscription numbers instead.
For information only, not investment advice. Figures are taken from offer documents, exchange data and published reports, and can change. Subscription numbers during the open period are provisional. Read the Red Herring Prospectus (RHP) on the SEBI, BSE or NSE website before applying.