IPO Calendar
IPO Calendar
Stay ahead of every IPO hitting Indian markets. Track upcoming, live, and recently closed issues, listed with subscription dates, price bands, lot sizes, and more - all in one place. Whether it's a mainboard listing or an SME IPO, get the details you need to decide before the window closes. Apply directly through your Dhan account in just a few taps with UPI.
About IPO Calendar
What can you see here in the IPO Calendar?
The IPO calendar on Dhan tracks every IPO getting listed on Indian markets. This list contains upcoming, live, and running IPOs, which you can view for free without logging in. Here's what the page contains.
- Complete IPO data: Each row in the table shows the date, name of the company, current status, type of IPO, issue size, price range, and the minimum bid amount required to apply.
- IPO type filter: The IPO type filter allows you to sort issues based on Mainboard or SME, as the eligibility and application norms differ between these two categories.
- Status filter and date range picker: Investors can narrow down the list of IPOs to a specific stage, which may be open, allotment, refund initiation, or others. The date range picker allows investors to set a custom window to see IPOs relevant to that period.
Initial public offering (IPO)
An IPO (initial public offering) is the process used by private companies to offer their shares to the public for the first time, as they get listed on a stock exchange. Before this stage, the ownership of the company remains with its founders, promoters, and private investors, just like a venture capital or a private equity firm.
Through an IPO, that ownership is opened to any investor interested in buying the shares of the company. In exchange, the company raises fresh capital in a fresh issue, while existing shareholders sell part of their stake in an offer for sale (OFS). Some IPOs involve a mix of both fresh issues and OFS.
The regulatory framework of the Securities and Exchange Board of India (SEBI) governs IPOs. Companies willing to float an IPO need to file a draft prospectus. It undergoes scrutiny and discloses detailed financial and business information before it can offer its shares to the public.
These details are included in the Red Herring Prospectus (RHP), the primary legal document that a company files during an IPO. It provides potential investors with complete transparency regarding the company's business model, financials, risk factors, and how the raised funds will be used. On reviewing this document, applicants can get a fair idea of the business.
Mainboard vs SME IPOs
The same track is not followed by every IPO. In India, two different routes are followed, and the differences between them influence who can apply and the amount of capital they would need.
| Parameter | Mainboard IPO | SME IPO |
| Listing platform | Main board of NSE/BSE | NSE Emerge/BSE SME platform |
| Size of the company | Larger, more established companies | Smaller and emerging businesses |
| Minimum application (lot) value | ₹14,000 to ₹15,000 | ₹2,00,000+ |
| Eligibility norms | Broader profitability and net worth criteria under SEBI ICDR Regulations | Relaxed norms, but with tighter post-issue paid-up capital limits |
| Market maker requirement | Not mandatory | Mandatory for a minimum period post-listing |
| Investor base | Retail, HNI, and institutional investors | Suitable for HNI and informed retail investors, given the higher lot value |
The minimum amount for bidding on a Mainboard IPO and an SME IPO can differ significantly. A single lot under a Mainboard IPO may require a maximum amount of ₹15,000. For an SME IPO, investors require ₹2 lakh or more for a single lot.
The IPO status lifecycle
On the IPO calendar, every IPO moves through a clear sequence of stages. You can view the exact stage of the IPO in the “Status” column.
- Upcoming: The IPO has already been announced, and a subscription window has been set to open on a future date. But the bidding has not started yet.
- Open (Day X): The subscription window has just opened. The “Day” count tells you how far the issue currently is into the bidding period. It allows investors to judge how much time they have left to apply.
- Closed: The bidding window has ended, and the processing of applications has been initiated by the registrar.
- Allotment Today: On this date, the registrar is finalising the allotment. The process decides the participants who will receive shares, and the non-allottees whose blocked funds get released.
- Refund Initiation, Shares Transfer to Demat: Shares are being credited to the demat accounts of successful applicants. The blocked amounts of unsuccessful bidders are being released back to their bank accounts.
- Listed: The stock has already been listed on the exchange. Now, it is available for regular trading.
Most Mainboard IPOs move through this entire sequence after SEBI established the T+3 listing framework. The stocks are listed on exchanges within three working days of the close of the subscription window.
Reading the columns
On the IPO calendar, each row carries the following information.
- Date: This is the date to which the information presented in the row corresponds. IPOs are grouped based on dates, and multiple companies are often listed under a single date.
- Company name: This is the issuer coming to the market. Along with the company name, a logo is provided to help investors identify the company quickly.
- Status: The status column shows the current stage of the IPO in its lifecycle, which can be Open, Allotment Today, Refund Initiation, etc.
- IPO Type: It shows whether the issue is a Mainboard or SME IPO.
- Issue Size: Here, you can view the total value of shares in crores that the IPO is offering.
- Price Range: This is the price band per share within which investors can place their bids. It contains the lower and upper ends of the prices of the shares set by the company.
- Min. Bid Amount: This is the minimum amount you need to apply for one lot of shares. It is calculated by multiplying the lot size by the upper end of the price band.
How to use the table controls?
The table controls on this IPO calendar on Dhan help you find relevant details from the full list of IPOs.
- IPO Type filter: You can switch between Mainboard and SME IPOs. This feature is useful if you're interested only in one category of issues.
- Status filter: It allows you to identify IPOs at a specific stage. For example, filtering “Open” IPOs shows only the issues that can currently be applied to.
- Date range picker: Investors can adjust the calendar window to look further ahead or review a past period.
- Clear filters: This feature allows you to reset all the filters applied so far, so that you can return to the complete calendar.
Key terms to know
- Red Herring Prospectus (RHP): RHP is the detailed offer document that a company files before floating an IPO. It contains financial details, risk factors, and information on the use of proceeds.
- Price band: That's the range between the floor price and cap price of an IPO. Investors can place their bids within this range.
- Lot size: This is the minimum number of shares you can bid for in a single application. Beyond that number, you have to place bids in exact multiples of the lot size.
- ASBA (Application Supported by Blocked Amount): ASBA is the mechanism through which the amount you bid gets blocked, not debited, in your bank account until the finalisation of the allotment.
- Basis of allotment: That's the finalised process from the registrar that decides the applicants who are allotted. A computerised lottery system is used when an issue is oversubscribed.
- Grey Market Premium (GMP): GMP is an unofficial indicator of the expected listing gains based on unregulated trading before the formal listing of the stock.
- Anchor investor: An anchor investor is a qualified institutional buyer to whom shares are allotted a day before the IPO opens to the public.
Why track the IPO calendar on Dhan?
Investors experience some practical advantages in following the IPO calendar on Dhan.
- A single view for the entire pipeline: A single running calendar displays upcoming, open, and recently closed IPOs from both Mainboard and SME categories.
- Updated data: Important details like price range, issue size, and minimum bid amount are displayed clearly.
- Status-first tracking: You can see where the IPO stands in the “Status” column. This helps you know when an action is actually needed.
- Apply without switching platforms: Once you have shortlisted the IPO, it's easy to apply for it through UPI directly within your Dhan account.
Things to Know before applying to an IPO
Before you bid for any of the issues from this calendar, here are a few points worth considering.
- Oversubscription changes your odds, not your allotment size: If a Mainboard IPO is heavily oversubscribed, SEBI makes it mandatory to use a computerised lottery system. It tries to allot at least one lot to the maximum number of eligible applicants. If you apply for multiple lots on a single PAN, it does not improve your chances.
- Applying through ASBA means your money isn't spent until allotment: When you apply through ASBA, the funds remain blocked in your bank account. It is not debited unless the shares are actually allotted to you. Unsuccessful bids get unblocked after the T+3 timeline.
- SME IPOs need a larger cheque: The structure of SME lots is different. The minimum amount required to place a bid can run into lakhs. Investors must factor this into budgeting before they apply.
- GMP is not a reliable signal: The GMP shows informal and unregulated pre-listing trades. Often, these numbers diverge sharply from the actual performance on the listing day. A high GMP lowers your chances of allotment as it means heavier oversubscription.
- Read the RHP before bidding: The RHP carries the financials, business risks, and litigation history of the company, which matter much more than the band and issue size.
- Listing gains aren't guaranteed: Even if an IPO is well-subscribed, it may list below its issue price if the broader market sentiment changes between the closing date and the listing date.
Frequently Asked Questions
An IPO calendar is a consolidated list of IPOs that's regularly updated. It shows IPOs at every stage, including upcoming, open, allotment, and listing, along with important details like the price band, issue size, and minimum bid amount, in one place.
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