The India IPO calendar follows companies that plan to raise money from the public on the NSE and BSE, on the mainboard or on the smaller SME platforms. Indian public issues run to a tight SEBI-regulated timetable: a published price band, a bidding window of a few working days, payment blocked through your bank and listing within three days after the issue closes. This page shows the calendar, explains each step, covers how NRIs can take part and sets out the tax and reporting points for Indian residents and for U.S. and Canadian taxpayers who hold Indian shares.
The table below states its own as-of date and is compiled from exchange and regulator information. Issue dates, price bands and sizes change, so treat each row as a dated snapshot and read the red herring prospectus.
| Company | Exchange (ticker) | Expected date | Price range | Size | Status | Source |
|---|---|---|---|---|---|---|
| R.K. Fashion Accessories Limited | NSE SME (RKFAL) | 2026-10-12 | Rs 77-82 per share | - | Listed | Official page |
| HD Fire Protect Limited | NSE Mainboard (HDFIRE) | 2026-10-21 | Rs 258-271 per share | - | Listed | Official page |
| Vaibhav Vyapaar Limited | NSE SME (LOANFRONT) | 2026-10-21 | Rs 51-54 per share | - | Listed | Official page |
| Paras Healthcare Limited | NSE Mainboard (PARASHLTH) | 2026-10-21 | Rs 660-693 per share | 12,083,331 equity shares | Open for subscription | Official page |
| Jio Platforms Limited | NSE Mainboard (JPL) | 2026-10-21 | Rs 1065-1119 per share | 197,525,934 equity shares | Open for subscription | Official page |
| Fusion CX Limited | NSE Mainboard (FUSIONCX) | 2026-10-22 | Rs 275-289 per share | - | Listed | Official page |
| Ravita Engineering Services Limited | NSE SME (RAVITA) | 2026-10-22 | Rs 105-112 per share | - | Listed | Official page |
| Zetwerk Manufacturing Businesses Limited | NSE Mainboard (ZETWERK) | 2026-10-23 | Rs 143-151 per share | - | Listed | Official page |
| Tonbo Imaging India Limited | NSE Mainboard (TONBO) | 2026-10-23 | Rs 665-700 per share | - | Listed | Official page |
| Bonfiglioli Transmissions Limited | NSE Mainboard (BONFIG) | 2026-10-23 | Rs 558-586 per share | - | Listed | Official page |
| Sahajanand Medical Technologies Limited | NSE Mainboard (SMT) | 2026-10-23 | Rs 327-344 per share | - | Listed | Official page |
| EAAA India Alternatives Limited | NSE Mainboard (EDELALTS) | 2026-10-26 | Rs 1585-1665 per share | 7,570,977 equity shares | Opens | Official page |
| BLS Polymers Limited | NSE Mainboard (BLSPOLY) | 2026-10-27 | Rs 142-150 per share | 17,000,000 equity shares | Opens | Official page |
| SFC Environmental Technologies Limited | NSE Mainboard (SFCTECH) | 2026-10-27 | Rs 313-330 per share | 20,475,082 equity shares | Opens | Official page |
Official calendars and filings checked:
How the IPO process works in India
- Eligibility. SEBI's entry norms give an unlisted company two main routes: the profitability route, or the QIB route, where the issue is through book building and at least 75% of the net offer is allotted to qualified institutional buyers.
- Draft offer document. The company files a draft offer document with SEBI, or with the stock exchanges for SME issues. It is made public so that people can comment before it is filed with the Registrar of Companies.
- Red herring prospectus. For a book-built issue, the red herring prospectus has all details except price and number of shares. The floor price or price band is announced at least two working days before the issue opens.
- Price band. The spread between floor and cap must be at least 5% and not more than 20%. If the band is revised, the bidding period extends by three days, up to a total of ten working days.
- Bidding window. A book-built issue stays open for 3 to 7 working days.
- Bidding and payment. ASBA is mandatory: your bank blocks the amount in your account and unblocks it if you are not allotted shares. Individuals can use UPI up to Rs 5 lakh. Only retail individual investors, who bid up to Rs 2 lakh, can choose the cut-off option, which accepts any price within the band.
- Allotment. SEBI says there is no discretion in allotment: categories other than retail, non-institutional and anchor investors are allotted proportionately, and each retail and non-institutional applicant receives at least the minimum bid lot if shares are available.
- Listing. Shares list within three days after the issue closes (T+3). On the first day, trading starts after a call auction, with a 5% price band for issues up to Rs 250 crore and 20% for larger issues, and issues up to Rs 250 crore trade in the trade-for-trade segment for 10 days.
- Lock-ins. In a public issue by an unlisted company, promoters must contribute at least 20% of the post-issue capital, locked in for 1.5 years in the usual case, and the remaining promoter capital is locked in for six months from listing.
How to use an India IPO calendar
| Calendar field | What to check |
|---|---|
| Mainboard or SME | SME issues are listed on platforms such as NSE Emerge, and their risks differ from mainboard issues |
| Price band and lot size | Confirm in the red herring prospectus |
| Open and close dates | UPI mandates must be approved before the window closes |
| Issue size | It decides the first-day price band if listed |
| Anchor, QIB, non-institutional and retail portions | They show where demand is expected |
Risks to understand
- A published price band is not a promise of the listing price. Prices on listing day can differ widely from the issue price.
- Listing-day price bands limit one day's move, not losses over several days; see the India unusual volume guide.
- Grey-market chatter and tip groups are not official. See our scam alerts.
- Allotment is proportionate in oversubscribed categories, so you may receive fewer shares than you bid for.
Can NRIs apply?
SEBI's general information document lists NRIs on a repatriation or non-repatriation basis among eligible bidders, subject to applicable law, and says NRIs may be restricted from holding shares above certain limits or in specific sectors. For NRIs, a bid of up to Rs 2 lakh may be considered under the retail category, and a larger bid under the non-institutional category. NRIs applying with UPI should ask their bank whether the account is UPI-linked. See NRI investments in India and NRE, NRO and FCNR accounts.
Where the official calendars and filings are
- The NSE upcoming issues page lists current and upcoming public issues.
- SEBI's public issue filings host draft offer documents.
- BSE's public issues pages list issues on its platforms.
- For other markets see the U.S. IPO calendar and the Canada IPO calendar.
Tax notes for IPO investors
| Reader | What to remember |
|---|---|
| Indian resident | Under the Income-tax Act, 2025 a listed share is long-term after 12 months; listed equity with securities transaction tax is taxed at 20% short-term and 12.5% on long-term gains above Rs 1,25,000. See capital gains for NRIs for the rules that also apply to NRIs |
| U.S. citizen or resident | Indian shares in a demat account are a foreign account for FBAR and Form 8938; gains are reported in dollars. See U.S. taxpayers with India income and assets |
| Canadian resident | Indian shares count toward the T1135 cost threshold; half of a gain is taxable in Canada |
Our Aurora, Illinois CPA firm handles the U.S. tax side and coordinates with your Indian Chartered Accountant and Canadian CPA. We do not give investment advice or file Indian returns.
Frequently asked questions
What is a red herring prospectus?
The offer document for a book-built issue that has all details except price and number of shares, filed with the Registrar of Companies before the issue opens.
Is UPI mandatory?
No. ASBA is mandatory and UPI is one route for individual investors with applications up to Rs 5 lakh.
How soon do shares list?
Within three days after the issue closes.
Who can use the cut-off option?
Only retail individual investors bidding up to Rs 2 lakh.
Do NRIs file anything special for an IPO?
Their bank and broker handle the bid, but tax on any gain is reported in an Indian return and in the U.S. or Canadian return. Ask your Chartered Accountant.
Official sources
- SEBI: Frequently asked questions on issue of capital and disclosure requirements (May 2025)
- SEBI: General Information Document for investing in public offers
- SEBI: Master circular for stock exchanges and clearing corporations, Chapter 1, Trading
- NSE India: Public issues and upcoming IPOs
- BSE: Public issues
- SEBI: Public issue filings
- Income Tax Department of India: Income-tax Act, 2025 as amended by the Finance Act, 2026
This page summarizes public guidance in plain language. If anything here differs from the official source, the official source controls.
General information only. It is not tax, legal, accounting or immigration advice for your situation, and rules change; confirm the current rules with the official source or a licensed professional in the relevant country.