Upcoming Mainboard IPOs in India (2026 List)

What is Upcoming Mainboard IPO?

An upcoming Mainboard IPO is a company that is set to go public on a major stock exchange like BSE or NSE. In this process, the company offers its shares to the public for the first time to raise capital for business expansion, debt repayment, or other financial needs.

Before launching, companies must meet SEBI’s Mainboard IPO eligibility criteria, including financial stability and profitability. Once approved, the IPO is announced with details such as issue size, price band, lot size, and subscription dates.

Investors can apply for Mainboard IPOs coming soon using UPI or ASBA through their stockbroker or bank. After the IPO subscription period closes, shares are allotted based on demand, and the company gets listed on the exchange.

Tracking upcoming Mainboard IPOs helps investors make informed decisions and seize potential listing gains or long-term investment opportunities.

Factors to Consider Before Investing in Upcoming Mainboard IPO

Investing in an upcoming Mainboard IPO in India can be rewarding, but it comes with risks. The following are the most important factors to evaluate before applying:

1. Company Fundamentals

Review the company’s financial performance, revenue growth, profit margins, and debt levels. Check past performance, industry position, and future growth potential.

2. IPO Pricing & Valuation

Compare the issue price with similar listed companies. Check PE ratio (Price-to-Earnings) and PB ratio (Price-to-Book) to see if the IPO is fairly priced or overvalued.

3. Use of IPO Proceeds

Understand why the company is raising funds—business expansion, debt reduction, or working capital. A company using IPO proceeds for growth is a better investment than one repaying debt.

4. Market Sentiment & Demand

Check Grey Market Premium (GMP) to gauge investor interest before listing. Look at subscription status, especially from Qualified Institutional Buyers (QIBs) and High Net-worth Individuals (HNIs).

5. IPO Subscription Status

If the Mainboard IPO is oversubscribed, demand is strong, increasing chances of listing gains. Weak subscription suggests lack of investor confidence.

6. Lock-in Period for Promoters & Institutional Investors

Promoters and anchor investors have a lock-in period of 30-90 days. If they sell shares immediately after listing, prices may drop.

7. Sector & Industry Trends

Investing in an IPO from a growing sector (tech, healthcare, renewable energy) can be more profitable. Avoid industries that are declining or highly volatile.

8. Historical Mainboard IPO Performance

Check how Mainboard IPOs in 2024 performed in similar sectors. A good track record in past IPOs indicates strong listing potential.

9. Risk Factors

Read the Red Herring Prospectus (RHP) to understand potential risks and business challenges. Avoid IPOs with legal disputes, poor financials, or weak management.

10. Exit Strategy & Investment Goals

Decide if you’re investing for listing gains or long-term growth. If aiming for short-term profits, track market conditions around the listing date.

How to Apply for Upcoming Mainboard IPOs?

Below is how you can apply:

Step 1: Choose a SEBI-Registered Stockbroker

To invest in an upcoming Mainboard IPO, you need a Demat and trading account with a SEBI-registered broker like Zerodha, Groww, Upstox, Angel One, ICICI Direct, or HDFC Securities.

Step 2: Check IPO Details

Before applying, research the IPO details:

• Company Name & Industry

• Issue Size & Price Band

• Lot Size & Investment Amount

• IPO Opening & Closing Dates

• Grey Market Premium (GMP) Trends

• Subscription Status (Once Open)

You can find these details on NSE, BSE, and stockbroker platforms.

Step 3: Apply via UPI or ASBA

You can apply for a Mainboard IPO using UPI or ASBA (Application Supported by Blocked Amount).

UPI Method (For Retail Investors)

• Login to your broker’s platform (Zerodha, Groww, Upstox, etc.).

• Select the Upcoming Mainboard IPO you want to apply for.

• Enter the lot size & bid price (use the cut-off price for better chances).

• Enter your UPI ID and submit.

• Approve the UPI mandate request on your UPI app (Google Pay, PhonePe, Paytm, etc.).

• Your funds will be blocked until allotment.

ASBA Method (For Bank Customers)

• Login to your net banking (SBI, HDFC, ICICI, Kotak, etc.).

• Go to ASBA IPO section and select the IPO.

• Enter bid details, lot size, and price.

• Funds will be blocked in your account until allotment.

Step 4: Wait for IPO Allotment

• After the IPO subscription closes, shares are allotted based on investor demand.

• Check IPO allotment status on the registrar’s website (Link Intime, KFintech) using your PAN or application number.

• If allotted, shares are credited to your Demat account before the listing date.

• If not allotted, blocked funds are automatically refunded.

Step 5: Listing & Trading

On the listing day, the company’s shares start trading on BSE/NSE. You can hold for long-term growth or sell on the first day for listing gains.

Benefits of Investing in Mainboard IPOs Coming Soon

• Early investment opportunity in high-growth companies before they trade publicly.

• Potential for listing gains if demand is strong.

• Access to well-established companies that meet SEBI’s strict listing criteria.

• Transparent regulatory framework ensures better corporate governance.

• Higher liquidity compared to SME IPOs, allowing easy buying and selling.

• Long-term wealth creation if invested in fundamentally strong companies.

• Diversification opportunity by investing in new sectors and industries.

• Retail investors can apply with small capital using lot-based bidding.

• Anchor investors provide stability to share prices post-listing.

• SEBI regulations ensure investor protection and risk management.

Risks of Investing in Mainboard IPOs Coming Soon

• Market volatility can impact listing price and post-IPO performance.

• Not all IPOs offer listing gains—some stocks may list below issue price.

• High oversubscription risk, reducing chances of getting an allotment.

• Some IPOs may be overvalued, leading to losses after listing.

• Lock-in periods for anchor investors can affect stock movement post-listing.

• Business risks if the company fails to deliver projected growth.

• Low demand IPOs may result in poor stock liquidity.

• Regulatory changes or economic downturns can impact IPO market performance.

• Companies with weak fundamentals may struggle to sustain long-term growth.

• Investors might need to hold stocks longer to recover losses if the stock underperforms.