Upcoming IPOs in Indian Market 2026: October-November Issue Dates, GMP, Issue Size & Complete Calendar

India’s primary stock market is witnessing its most monumental fund-raising wave in history. Navigating through the festive final quarter of 2026, Dalal Street is set to host over ₹75,000 Crore in initial public offerings (IPOs). Leading the charge is the mega ₹27,870 Crore public issue of Hyundai Motor India—the largest IPO ever launched in Indian financial history—alongside consumer-tech titan Swiggy, green energy bellwether NTPC Green Energy, solar powerhouse Waaree Energies, and a high-conviction pipeline including Shiprocket, Milky Mist Dairy, and Dhoot Transmission tracked live on Chittorgarh’s IPO dashboard.

1. Live Mainboard IPO Calendar: Current & Ongoing Issues (Chittorgarh Tracker)

Tracking the primary market in real time requires looking at both currently active subscription windows and upcoming listings. According to the live mainboard IPO tracker on Chittorgarh, the market is sustaining healthy momentum across multiple sectors:

2. Chittorgarh Broker Sentiment Radar: Top Rated IPOs

One of the most effective barometers for evaluating upcoming public offerings before investing is institutional broker consensus. Chittorgarh aggregates reviews across India’s premier brokerages and research firms, categorizing recommendations into Apply, May Apply, Neutral, and Avoid.

3. Deep-Dive Breakdown of the Mega Upcoming IPOs (October–November 2026)

1. Hyundai Motor India Limited (₹27,870 Crore)

As India’s second-largest passenger vehicle manufacturer behind Maruti Suzuki, Hyundai commands an approximate 14.6% domestic market share. The proceeds will unlock liquidity for the parent group while accelerating Hyundai’s aggressive Indian EV pipeline and manufacturing expansion at its newly acquired Talegaon plant in Maharashtra.

2. Swiggy Limited (₹11,600 Crore)

Following the successful market re-rating of Zomato, Swiggy’s listing provides investors with direct exposure to India’s duopoly food delivery and high-margin quick commerce sectors. The issue is slated for late October or early November 2026.

3. NTPC Green Energy Limited (₹10,000 Crore)

The renewable energy subsidiary of state-owned power giant NTPC Limited is launching a 100% fresh equity issue of ₹10,000 Crore. Unlike OFS-heavy private issues, every single rupee raised will directly fund solar, green hydrogen, and wind projects, driving India’s goal of achieving 500 GW of non-fossil capacity by 2030.

4. Waaree Energies Limited (₹4,320 Crore)

Waaree Energies is India’s largest solar photovoltaic (PV) module manufacturer with an installed capacity of over 12 GW. The ₹4,320 Crore issue includes a ₹3,600 Crore fresh capital raise earmarked to construct a massive 6 GW ingot-wafer, solar cell, and PV module manufacturing gigafactory in Odisha.

5. Afcons Infrastructure Limited (₹7,000 Crore)

The infrastructure and engineering flagship of the billionaire Shapoorji Pallonji (SP) Group, Afcons boasts a global track record in high-complexity EPC projects including underwater metro tunnels, elevated rail viaducts, and offshore oil platforms. The issue comprises a ₹1,250 Crore fresh issue and a ₹5,750 Crore OFS.

6. Shiprocket Limited (₹3,000 Crore Pipeline)

Backed by Temasek, Zomato, and Tribe Capital, Shiprocket is India’s preeminent e-commerce logistics enablement platform connecting over 100,000 direct-to-consumer (D2C) brands with courier partners. Its public listing offers investors direct participation in India’s rapid tier-2 and tier-3 online retail consumption.

7. Milky Mist Dairy Food Limited (₹2,000 Crore)

Headquartered in Erode, Tamil Nadu, Milky Mist is a consumer-favorite brand in value-added dairy products like paneer, cheese, curd, and butter. Boasting a robust 100% cold-chain supply infrastructure, its planned ₹2,000 Crore public issue will fund nationwide cold chain network expansion and modern automated processing plants.

8. Dhoot Transmission Limited (₹1,500 Crore)

A premier tier-1 automotive components player, Dhoot Transmission specializes in wiring harnesses, electronic sensors, and wiring assemblies for electric vehicles (EVs) and two-wheelers. The company enjoys unanimous bullish ratings across broker reviews due to stellar operating margins and expanding export orders across Europe and North America.

9. Juniper Green Energy Limited (₹2,500 Crore)

An independent renewable energy power producer (IPP), Juniper Green operates a portfolio of over 1.2 GW of operational and under-construction solar and wind assets across Rajasthan, Gujarat, and Maharashtra. The ₹2,500 Crore capital raise is targeted at expanding utility-scale hybrid capacity.

10. Manipal Health Enterprises Limited (₹5,000 Crore)

Supported by global private equity giant Temasek, Manipal Hospitals is India’s second-largest hospital chain by bed count, operating over 9,500 beds across 33 facilities. The blockbuster ₹5,000 Crore IPO will provide liquidity to early PE backers while funding new tertiary and quaternary healthcare towers in metro cities.

Upcoming Indian IPOs Pipeline: Comprehensive Master Matrix

4. Primary Market Reality Check: 2026 Mainboard Listing Statistics

Is investing in upcoming IPOs still profitable in 2026? According to data compiled from Chittorgarh’s performance tracker, primary market listings continue to offer compelling risk-adjusted alpha for selective retail and institutional investors:

5. Retail Investor Guide: UPI Application Limits & T+3 Rules

For retail investors planning to bid for upcoming mega issues through ASBA (Application Supported by Blocked Amount) or UPI, here are the essential regulatory parameters established by SEBI:

• UPI Mandate Limit: Retail investors can apply for IPOs up to ₹5,00,000 using approved UPI third-party apps (Google Pay, PhonePe, Paytm, BHIM) linked to their primary bank accounts.
• Retail Category Threshold (RII): Bids up to ₹2,00,000 fall under the Retail Individual Investor quota (minimum 35% reservation in profitable mainboard issues). Bids between ₹2,00,000 and ₹5,00,000 are categorized under the Small HNI (sHNI) bucket.
• The T+3 Listing Standard: Under SEBI’s streamlined listing timeline, IPO shares are allotted on Day T+1, unblocking of unsuccessful funds occurs on Day T+2, and trading commences on the BSE and NSE on Day T+3 (where T is the issue closing date).

6. How to Evaluate Upcoming IPOs: Fresh Issue vs. OFS

Before applying blindly based on grey market premium (GMP) hype, investors should differentiate between the two components of an IPO:

1. Fresh Issue (Value Accretive): Money raised stays inside the company to pay off expensive debt, purchase machinery, or fund working capital. NTPC Green Energy’s 100% fresh issue is a prime example of growth-focused balance sheet expansion.
2. Offer for Sale (OFS): Money goes directly to the selling shareholders or promoters. While an OFS does not improve the company’s financial balance sheet, high-quality multinational issues like Hyundai Motor India offer investors a rare opportunity to own a world-class blue-chip business.

Frequently Asked Questions (AEO & Voice Search)

What is the biggest upcoming IPO in India in 2026?

The biggest upcoming IPO in India is Hyundai Motor India Limited, with a massive issue size of ₹27,870 Crore. It surpasses LIC’s ₹21,000 Crore IPO to become the largest initial public offering in the history of Indian capital markets.

Which upcoming IPOs have the highest broker ‘Apply’ ratings on Chittorgarh?

According to Chittorgarh’s aggregated broker reviews, Tempsens Instruments (India) with 12 Apply ratings, Dhoot Transmission with 12 Apply ratings, and Gaja Alternative Asset Management with 11 Apply ratings hold the highest positive consensus with zero ‘Avoid’ calls.

When will the Swiggy IPO open for subscription?

The Swiggy IPO is scheduled to open for subscription between late October and mid-November 2026, aiming to raise ₹11,600 Crore across a ₹5,000 Crore fresh issue and ₹6,600 Crore Offer for Sale.

What is the historical listing day success rate for mainboard IPOs in 2026?

Out of 88 mainboard IPOs tracked on Chittorgarh in 2026, 61 issues (69.3%) recorded positive listing-day gains, while 62 issues (70.5%) currently trade comfortably above their initial public offer prices.

What is the maximum UPI limit for applying in an IPO?

The maximum UPI limit for applying in an IPO is ₹5 Lakh (₹5,00,000) per application, approved by SEBI and NPCI. Applications up to ₹2 Lakh qualify for the Retail Individual Investor (RII) quota.

What does Grey Market Premium (GMP) mean in IPOs?

Grey Market Premium (GMP) is the unofficial premium at which an IPO’s shares trade in the unofficial grey market before listing on stock exchanges. A positive GMP indicates bullish listing gain expectations, while a negative GMP signals cautious investor sentiment.

How many days does it take for an IPO to list after closing?

Under SEBI’s T+3 listing mandate, an IPO lists on the stock exchange exactly 3 working days after the issue closing date, with allotment finalized on day T+1 and refunds processed on day T+2.