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Forthcoming Equity IPOs

Upcoming IPOs

Subscribe in upcoming IPOs for your clients. Issue dates and price bands are subject to SEBI approval — register your interest and we'll notify you as soon as a subscription window opens.

Forthcoming — not yet open. All companies listed below are expected IPOs as per the Nuvama Fortnightly Partners Dashboard (June 2026). Issue dates, price bands, lot sizes and DRHP/RHP availability are subject to SEBI approval. Details may change. Allotment is not guaranteed. Read the RHP before investing.

Prestige Hospitality

Hospitality

Hospitality arm of the Prestige Group — one of India's leading real-estate developers. Expected to list properties across premium hotel and resort segments.

Issue date & price band pending SEBI approval

Hero Fincorp

Financial Services

NBFC arm of the Hero Group, providing two-wheeler financing and consumer loans. One of the largest two-wheeler financiers in India.

Issue date & price band pending SEBI approval

Milky Mist

FMCG / Dairy

South India's largest integrated dairy company, known for paneer, ghee and dairy products. Strong retail and institutional distribution network.

Issue date & price band pending SEBI approval

Skyways Air

Aviation

Emerging aviation player seeking to capitalise on India's rapidly growing air travel market.

Issue date & price band pending SEBI approval

Juniper Green Energy

Renewable Energy

Renewable energy company focused on wind and solar power generation, aligned with India's net-zero energy transition goals.

Issue date & price band pending SEBI approval

boAt

Consumer Electronics

India's leading consumer electronics and wearables brand — headphones, earbuds, smartwatches, and accessories with strong D2C and e-commerce presence.

Issue date & price band pending SEBI approval

Hero Motors

Automobile

Part of the Hero Group, engaged in the manufacture of components and systems for two-wheelers, e-bikes and mobility solutions.

Issue date & price band pending SEBI approval

Om Power Transmission Ltd.

Infrastructure / Power

Power transmission infrastructure company involved in the supply and erection of transmission lines and substations across India.

Issue date & price band pending SEBI approval

How IPO subscription works

01

Register interest

Tell us which IPO you're interested in. We'll notify you when the DRHP / RHP is filed.

02

Read the RHP

The Red Herring Prospectus contains all financials, risk factors and issue terms. SEBI mandates reading it.

03

Apply via ASBA

Submit your application through your demat / net banking. Funds are blocked, not debited, until allotment.

04

Await allotment

Oversubscribed issues use a SEBI-prescribed lottery. Unallotted applications are refunded immediately.

Read before you invest

IPO risk factors

Allotment not guaranteed

Oversubscribed IPOs use a SEBI-mandated lottery system. You may apply and receive zero allotment, especially in high-demand issues.

Listing below issue price

The listing price can be lower than the issue price ('listing at a discount'). Capital loss from the first day of trading is possible.

Limited financial history

Many IPO companies are first-time public issuers with limited operating track record as listed entities. Projections may not materialise.

Post-listing selling pressure

Anchor investors, QIBs and promoter lock-up expiries can trigger heavy selling once their lock-in periods end.

Market condition risk

IPO pricing and performance are heavily influenced by market sentiment at the time of listing — regardless of business fundamentals.

Read the RHP

SEBI requires investors to read the Red Herring Prospectus. It contains the actual risk factors disclosed by the company. This page is a summary only.

Questions

IPOs, answered plainly

You can apply through your demat account via ASBA (Application Supported by Blocked Amount) — the funds are blocked in your bank account and debited only on allotment. GRM Wealth can guide you through the process. You need a PAN-linked demat account.

No. Allotment is not guaranteed and depends on the subscription level and the lottery system for oversubscribed issues. Oversubscribed IPOs (more demand than shares available) are allotted by lot; you may apply and receive no shares at all.

IPO investing carries significant risks: (1) the issue price may be set above fair value; (2) listing price can be below issue price ('listing at a discount'); (3) limited financial history vs. established listed companies; (4) lock-up periods for promoters can lead to selling pressure post-listing. Invest only after reading the Red Herring Prospectus (RHP).

The companies listed here are forthcoming — their issue dates, price bands and lot sizes are subject to SEBI approval and market conditions. Dates may change or issues may be withdrawn. Our desk will notify you as soon as a subscription window is confirmed.

The RHP is the detailed offer document filed with SEBI before an IPO. It contains the company's financials, business description, risk factors, objects of the issue and terms. SEBI mandates reading the RHP before investing — it is available on SEBI's website and the exchange once filed.

Get notified when subscriptions open

Leave your details — our desk will send you the RHP link, price band, lot size and ASBA instructions as soon as each IPO opens.

Important disclosures

All IPO names listed on this page are sourced from the Nuvama Fortnightly Partners Dashboard (June 2026) and are forthcoming — they have not necessarily filed a DRHP/RHP with SEBI at the time of publication. Issue dates, price bands, lot sizes and subscription windows are subject to SEBI approval and may change or be withdrawn. This page does not constitute an offer, solicitation or recommendation to subscribe to any IPO. Allotment is not guaranteed. IPO investments are subject to market risk. Investors must read the full Red Herring Prospectus (RHP) before investing. Past performance of listed IPOs is not indicative of future results. GRM Wealth is not SEBI-registered as an investment adviser for primary market transactions — confirm the applicable regulatory disclosure with your compliance team.