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India IPO calendar: how an Indian public issue works, step by step

A dated table of Indian public issues compiled from NSE and SEBI pages, with the steps of a book-built issue under SEBI rules, how to use the table and what to know before applying.

Prepared by Prem Tax and Accounting Corp. Last checked against official sources on October 23, 2026.

The India IPO calendar below lists public issues that are open, upcoming or recently listed on NSE, compiled from NSE and SEBI pages and dated. Indian issues move quickly. SEBI's rules put a book-built issue on the screen for only a few working days, so a dated table is a snapshot of a moving process.

For entertainment and general information only. Not investment, tax, legal or accounting advice and not an offer or solicitation to buy or sell any security or currency. Data comes from third parties, may be delayed, incomplete or wrong, and is not guaranteed to be accurate, complete or timely. We are not a broker-dealer or investment adviser. Past performance does not indicate future results. Investing involves risk, including loss of principal. Do your own research and consult a licensed professional before making decisions.

The table shows its own “as of” date, and each entry says whether it is on the mainboard or on the exchange's SME platform, which is a separate listing platform for smaller companies. Statuses such as “opens”, “open for subscription” and “listed” describe where the issue stood on that date.

Table as of October 23, 2026. 14 offerings are listed. Dates are those shown by the exchange or the filing, and they can change or be withdrawn without notice.

Company	Exchange	Ticker	Expected date	Price range	Size	Status	Source
R.K. Fashion Accessories Limited	NSE SME	RKFAL	Oct 12, 2026	Rs 77-82 per share	-	Listed	Source
HD Fire Protect Limited	NSE Mainboard	HDFIRE	Oct 21, 2026	Rs 258-271 per share	-	Listed	Source
Vaibhav Vyapaar Limited	NSE SME	LOANFRONT	Oct 21, 2026	Rs 51-54 per share	-	Listed	Source
Paras Healthcare Limited	NSE Mainboard	PARASHLTH	Oct 21, 2026	Rs 660-693 per share	12,083,331 equity shares	Open for subscription	Source
Jio Platforms Limited	NSE Mainboard	JPL	Oct 21, 2026	Rs 1065-1119 per share	197,525,934 equity shares	Open for subscription	Source
Fusion CX Limited	NSE Mainboard	FUSIONCX	Oct 22, 2026	Rs 275-289 per share	-	Listed	Source
Ravita Engineering Services Limited	NSE SME	RAVITA	Oct 22, 2026	Rs 105-112 per share	-	Listed	Source
Zetwerk Manufacturing Businesses Limited	NSE Mainboard	ZETWERK	Oct 23, 2026	Rs 143-151 per share	-	Listed	Source
Tonbo Imaging India Limited	NSE Mainboard	TONBO	Oct 23, 2026	Rs 665-700 per share	-	Listed	Source
Bonfiglioli Transmissions Limited	NSE Mainboard	BONFIG	Oct 23, 2026	Rs 558-586 per share	-	Listed	Source
Sahajanand Medical Technologies Limited	NSE Mainboard	SMT	Oct 23, 2026	Rs 327-344 per share	-	Listed	Source
EAAA India Alternatives Limited	NSE Mainboard	EDELALTS	Oct 26, 2026	Rs 1585-1665 per share	7,570,977 equity shares	Opens	Source
BLS Polymers Limited	NSE Mainboard	BLSPOLY	Oct 27, 2026	Rs 142-150 per share	17,000,000 equity shares	Opens	Source
SFC Environmental Technologies Limited	NSE Mainboard	SFCTECH	Oct 27, 2026	Rs 313-330 per share	20,475,082 equity shares	Opens	Source

How this table was compiled

Read NSE's upcoming, current and past issue feeds (mainboard and SME) and SEBI's public-issue RHP filing list; expected_date is the issue opening date for open or upcoming issues and the NSE listing date for listed ones, and sizes are NSE's stated share counts. Subscriptions close 2026-10-23 (Paras, Jio Platforms), 2026-10-28 (EAAA) and 2026-10-29 (BLS Polymers, SFC Environmental); NSE showed no upcoming SME issues, and the BSE site and API are blocked (Access Denied or JavaScript-only), so BSE-only issues are not covered.

NSE upcoming, current and past public issues (IPOs)
NSE feed: upcoming issues
NSE feed: current issues
NSE feed: past issues and listing dates
SEBI public issues: RHP and offer document filings

How the IPO process works in India

A merchant banker prepares a draft offer document

SEBI says the draft offer document is filed with SEBI (or with the stock exchanges for SME issues) and put in the public domain, so people can comment on it. Merchant bankers must do due diligence when they prepare it.

The issuer meets an entry norm

An unlisted company making an IPO must satisfy a SEBI entry norm. One is the profitability route. The other is the QIB route: a book-built issue in which at least 75% of the net offer goes to Qualified Institutional Buyers, with a refund if their minimum subscription is not reached.

A red herring prospectus and a price band

A book-built issue uses a red herring prospectus with all details except the price and the number of shares. The floor price or price band is announced at least two working days before an IPO opens. The price band spread is at least 5% and at most 20%.

Bidding opens

A book-built public issue stays open for 3 to 7 working days, extendable by three days if the price band is revised. A retail individual investor, one applying for no more than Rs. 200,000, can choose the cut-off option and accept whatever price is discovered within the band.

Allotment

SEBI says there is no discretion in allotment among investor categories. Allotment within the retail and non-institutional categories is proportionate, subject to the minimum bid lot, and under ASBA your money stays in your own bank account, blocked, and is unblocked if you receive no allotment.

Listing

Shares are listed within three days after the issue closes. The exchanges' pages show the status of bidding in a book-built issue on a consolidated basis, by investor category.

How to use an IPO calendar

Read the status and the platform. Mainboard and SME issues sit under different rules and attract different participants.
Read the red herring prospectus. It has the business, the risks and the use of the money. Draft documents are available on SEBI's website.
Mind the dates. The table shows the opening date for open and upcoming issues and the NSE listing date for those already listed, as its source notes.
Know the categories. SEBI divides investors into retail individual investors (bids up to Rs. 200,000), Qualified Institutional Buyers and non-institutional investors, with different shares of the offer.

Risks to understand

An IPO price is set by the issuer and its bankers from demand, not by a regulator, and SEBI does not endorse any issue. A book-built issue discovers its price from bids, so the final price can sit anywhere in the band. A listing date is an expectation, not a promise. Shares can open above or below the issue price on the first day, and promoter lock-ins, which SEBI requires, end on stated dates. If something in the documents looks wrong, SEBI's SCORES portal is the place to complain.

Where the official calendars and filings are

NSE upcoming, current and past issues.
BSE public issues.
SEBI public issues for draft and final offer documents, and SEBI's FAQ on issue of capital and disclosure requirements.
SEBI SCORES for complaints.

Tax notes

Applying through ASBA blocks the amount in an Indian bank account, and an account outside the United States is a foreign financial account for U.S. FBAR purposes if you are a U.S. person. The IRS says the FBAR applies when the aggregate value of foreign accounts exceeded $10,000 at any time in the year. Shares allotted sit in a demat account, which counts as well. For non-resident Indians, the RBI defines an NRI as a person resident outside India who is a citizen of India, and the account and route you use decide what you may do. Our guides to NRI tax filing and India accounts, investments and property cover the U.S. side, and the forex page shows which exchange rate each return uses.

Common questions

Does SEBI set the price of an IPO?

No. SEBI's FAQ says free pricing was introduced in 1992, that SEBI plays no role in fixing the price, and that the issuer decides it in consultation with the merchant banker on the basis of market demand. The offer document discloses the parameters used.

What is a price band?

It is the range within which investors can bid in a book-built issue. SEBI's FAQ says the spread between the floor and the cap must be at least 5% and at most 20%, and the issuer must announce it at least two working days before an IPO opens.

How is the money handled when I apply?

SEBI's FAQ says ASBA is mandatory, which means the amount is blocked in your own bank account instead of being transferred to an escrow account, and unblocked if you receive no allotment.

When do the shares list after the issue closes?

SEBI's FAQ says listing of shares is done within three days after the closure of the issue. The exchange's own pages show the listing date for each issue.

Official sources

Questions about the tax side of investing across borders? We are a CPA firm: we can explain how gains, dividends, foreign accounts and exchange rates are reported on U.S. returns. We do not give investment advice. Book a 20-minute call or send us a message.

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