Upcoming IPO India 2024: Full List, Dates, GMP & How to Apply
By IPO Plus
Track every upcoming IPO India 2024 with live GMP, subscription status, allotment updates, and broker reviews for mainboard and SME listings on IPO Plus.
Upcoming IPO India 2024: Full List, Dates, GMP & How to Apply
Key Takeaways
- Upcoming IPO India 2024 includes both large mainboard issues on NSE/BSE and smaller SME IPOs on NSE Emerge or BSE SME, each with different lot sizes and disclosure norms.
- Grey Market Premium (GMP) reflects informal trader sentiment about listing-day demand but is not regulated by SEBI and is not a guarantee of listing gains.
- Most retail investors now apply through UPI-linked ASBA mandates via broker apps or net banking rather than physical forms.
- IPO allotment uses a lottery-based Basis of Allotment when retail demand exceeds available shares, and status can be checked online via the registrar or exchange websites.
- Choosing a broker with a strong UPI mandate success rate and real-time subscription tracking reduces the risk of a rejected application for any upcoming IPO.
What Are the Upcoming IPOs in India in 2024?
Which Mainboard IPOs Are Launching in 2024?
Upcoming IPO India 2024 covers every mainboard and SME company that has filed papers with SEBI or the stock exchanges and is scheduled to open its public issue during the calendar year. The list is dynamic and updates constantly as draft prospectuses get regulatory approval, price bands are finalised, and issues progress from 'upcoming' to 'open' and finally to 'listed' status on the exchange.
Mainboard IPOs in 2024 are large public offerings listed on the main platforms of the BSE and NSE, typically raising anywhere from a few hundred crores to several thousand crores of rupees. These issues span sectors such as banking, insurance, renewable energy, consumer goods, and technology, and each one follows full SEBI disclosure requirements, including a red herring prospectus (RHP) and a mandatory anchor investor allocation a day before the issue opens to the general public.
Which SME IPOs Are Opening This Month?
SME IPOs opening in 2024 are smaller public issues listed on the NSE Emerge or BSE SME platforms, designed for small and medium enterprises that need growth capital. These issues usually carry smaller total issue sizes but higher minimum investment amounts per lot compared to mainboard IPOs, and they often attract retail investors chasing quick listing-day gains, even though liquidity and price swings on SME counters tend to be sharper.
Investors can track upcoming IPO dates in real time using dedicated tracking platforms such as IPO Plus, which pull together exchange filings, price band announcements, and issue opening or closing dates into a single live dashboard. Real-time tracking matters because dates can shift due to market volatility, pending regulatory approvals, or last-minute company decisions, and missing an opening or closing window means missing the chance to apply altogether.
How Can You Track Upcoming IPO Dates in Real Time?
IPO Grey Market Premium (GMP) Explained
What Is GMP and Why Does It Matter?
Grey Market Premium, or GMP, is the unofficial premium at which IPO shares are traded informally before they are listed on the stock exchange. GMP is quoted in rupees per share above the issue price and reflects trader sentiment about likely listing-day demand, but since the grey market operates outside SEBI regulation, these rates carry no legal enforceability and can change several times a day.
GMP vs Kostak vs Subject to Sauda Rates
GMP, Kostak rate, and Subject to Sauda are three separate grey market terms tied to IPO trading, and mixing them up can lead to costly confusion for first-time applicants. GMP shows the expected premium per share over the issue price; the Kostak rate is a fixed amount paid to sell an entire IPO application regardless of whether it gets allotted; and a Subject to Sauda deal is a conditional trade that is settled only if the applicant actually receives shares in allotment.
Is a High GMP a Guarantee of Listing Gains?
A high GMP is not a guarantee of listing gains because grey market rates can swing sharply in the days just before listing based on overall market mood, final subscription numbers, and broader index movements. Several IPOs that showed strong GMP readings right up to the listing date have opened flat or even below the issue price once official trading began, so GMP should be read as one sentiment signal among many rather than a promised outcome.
How to Apply for an Upcoming IPO in India?
Eligibility and Documents Required to Apply
Applying for an upcoming IPO India 2024 issue involves checking eligibility, submitting an online application through a bank or broker, and blocking the required funds until allotment is finalised. The process today is almost entirely digital, with most retail investors applying through a UPI-linked mandate rather than a physical ASBA form.
Eligibility to apply for an Indian IPO requires a valid PAN card, an active demat account, and a bank account linked to either UPI or net banking for ASBA. Applicants are split into categories such as Retail Individual Investors, Non-Institutional Investors (NIIs), and Qualified Institutional Buyers (QIBs), and each category has its own reserved portion of shares along with separate minimum and maximum bid limits.
Should You Apply via ASBA, UPI, or Broker App?
Retail investors can apply for an IPO via ASBA through their bank's net banking portal, via a UPI mandate linked to a broker or bank app, or directly through a stockbroker's trading application. UPI-based applications have become the default route for retail bids under Rs 2 lakh because the process is quick, mobile-friendly, and funds are only blocked in the applicant's account rather than debited upfront until allotment is confirmed.
The minimum lot size for an IPO is the smallest number of shares an investor can bid for, and it is fixed by the issuing company in consultation with the exchanges based on the price band. Retail investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper end of the price band, which typically works out to roughly Rs 10,000 to Rs 15,000 for most mainboard issues and can be noticeably higher for SME IPOs.
Minimum Lot Size and Investment Amount Explained
Tracking IPO Subscription Status and Allotment
What Do Live Subscription Numbers Mean?
Live subscription numbers show how many times an IPO has been subscribed across the retail, NII, and QIB categories relative to the shares actually on offer in each category. A subscription figure of '2.5x' in the retail category, for instance, means retail investors have collectively bid for two and a half times the shares reserved for them, and these figures are updated multiple times a day while the issue window remains open.
When Is IPO Allotment Finalised?
IPO allotment is typically finalised within a few working days after the issue closes, following a fixed timeline that also governs refunds for unsuccessful applicants and the eventual listing date. When an issue is oversubscribed in the retail category, registrars run a lottery-based Basis of Allotment, since there simply are not enough shares for every applicant to receive at least one lot.
How to Check Your IPO Allotment Status Online?
Investors can check IPO allotment status online through the registrar's official website, the BSE or NSE allotment status page, or directly inside their broker's app by entering a PAN number, application number, or demat account ID. Allotment status generally becomes available a day or two before the listing date, giving successful applicants enough time to plan for the debut trading session and monitor GMP-based expectations one last time.
Best Brokers for Applying to Upcoming IPOs
Broker Charges and Reviews for IPO Applications
Broker charges for IPO applications vary widely, with many discount brokers offering free IPO applications while some full-service brokers may levy a small fee per application. Broker reviews on platforms such as IPO Plus compare application success rates, UPI mandate reliability, customer support responsiveness, and overall app experience, helping investors decide which platform is dependable before an upcoming IPO India 2024 issue opens.
ASBA Netbanking vs Broker App: Which Is Better?
ASBA through net banking and IPO applications through a broker app both block funds directly in the applicant's own bank account until allotment is finalised, but the two routes differ in convenience and speed. Broker apps generally provide a smoother UPI mandate experience with instant push notifications for approval requests, while net banking ASBA is preferred by investors who want to apply straight from their bank without maintaining a separate trading account.
What to Check Before Choosing an IPO Broker
Before choosing a broker for IPO applications, investors should check the platform's UPI mandate approval success rate, account opening and maintenance charges, quality of customer support during high-demand issues, and whether the broker offers real-time GMP and subscription tracking. A reliable broker meaningfully cuts down the risk of application rejection caused by technical glitches, which can be costly when applying for a heavily subscribed upcoming IPO.
Frequently Asked Questions
What is the full list of upcoming IPO India 2024 issues?
The list of upcoming IPO India 2024 issues changes weekly and includes both mainboard companies listed on NSE and BSE and smaller SME companies listed on NSE Emerge and BSE SME, with live price bands and dates available on tracking platforms like IPO Plus.
How can I find upcoming IPO dates and price bands for 2024?
Upcoming IPO dates and price bands are published on the exchange websites (NSE and BSE) and aggregated in real time on IPO tracking platforms such as IPO Plus, which also show subscription numbers and GMP alongside the dates.
What is GMP in an IPO and how is it calculated?
GMP, or Grey Market Premium, is the unofficial premium per share at which IPO shares change hands in the grey market before listing, and it is simply the difference traders are willing to pay above the fixed issue price.
Is a high GMP a reliable indicator of listing-day profit?
No, a high GMP is only a sentiment indicator and can change sharply in the final days before listing due to market conditions, so it does not guarantee listing gains.
What documents are required to apply for an IPO in India?
Applicants need a valid PAN card, an active demat account, and a bank account linked to UPI or net banking to submit an ASBA-based IPO application.
How do I check my IPO allotment status online?
IPO allotment status can be checked on the registrar's website, the BSE or NSE allotment status page, or inside a broker's app by entering your PAN, application number, or demat account details.
What is the minimum amount needed to apply for an IPO?
The minimum investment equals one lot size multiplied by the upper price band, which typically ranges from about Rs 10,000 to Rs 15,000 for most mainboard IPOs and can be higher for SME IPOs.