Mainboard IPOs in 2025

Mainboard IPOs in 2025
Discover all Mainboard IPOs and their market potential.
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Open IPOs

There are no open mainboard IPOs at the moment



Closed IPOs

Allotment Date19 Jan 2026
Demat Transfer20 Jan 2026
Listing Date21 Jan 2026
Allotment Date14 Jan 2026
Demat Transfer15 Jan 2026
Listing Date19 Jan 2026

Listed IPOs

Listing Date30 Dec 2025
Today's LTP---
Listing price₹120.00
Listing gains5.26%
Listing Date23 Dec 2025
Today's LTP---
Listing price₹370.00
Listing gains-3.65%
Listing Date19 Dec 2025
Today's LTP---
Listing price₹2,600.00
Listing gains20.09%
Listing Date17 Dec 2025
Today's LTP---
Listing price₹158.80
Listing gains-1.98%
Listing Date17 Dec 2025
Today's LTP---
Listing price₹490.00
Listing gains6.52%

How to apply for IPOs on Upstox

Step 1

Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section

Step 2

Click on apply, enter the lot size, price and provide your UPI mandate.

Step 3

Approve the UPI mandate on your UPI app and you are all set!


Latest News on

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Shadowfax Technologies has set a price band of ₹118 to ₹124 per share. The bidding for anchor investors will take place on January 19, while the issue will conclude on January 22.

3 min read

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Until 5 PM, the ₹1,788.62 crore issue has secured bids for 82,40,12,260 shares as against 2,72,66,589 shares on offer, according to the NSE data

4 min read

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The BCCL IPO will list on the bourses on January 19. As the IPO got strong subscription numbers at 147x, the chances of allotment got trimmed for many. For those who didnt got the allotment of shares for BCCL, they now need to keep an eye on the IPO of the other two Coal India subsidiaries, i.e., South Eastern Coalfields and Mahanadi Coalfields.

4 min read

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Bharat Coking Coal IPO Listing Date: The initial share sale aimed to raise ₹1,071.11 crore via an offer for sale of 46.57 crore shares by Coal India. There was no fresh issuance of shares.

3 min read

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Bharat Coking Coal IPO allotment finalised: The ₹1,071.11 crore offer was exclusively an offer for sale (OFS) of 46.57 crore equity shares by promoter Coal India Ltd. With a price band of ₹21 to ₹23 per share, a lot consisted of 600 shares.

4 min read

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Armour Security India IPO: The ₹26.51 crore initial share sale, with a price band of ₹55 to ₹57 per share, is exclusively a fresh issuance of 46.50 lakh shares. There is no offer for sale component.

3 min read

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New IPO Alert: The ₹2,600 crore proposed initial share sale is exclusively a fresh issuance of equity shares, as per the draft red herring prospectus (DRHP). The funds generated will be utilised for investment in its subsidiaries and general corporate purposes.

2 min read

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Defrail Technologies IPO allotment: The ₹13.77 crore issue, with a price band of ₹70 to ₹74 per equity share, was solely a fresh issuance of 18,60,800 shares without an offer for sale (OFS) component.

3 min read

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Bharat Coking Coal IPO saw thunderous response from investors. On Day 3, the IPO saw an overall subscription of over 146.87 times, with the retail portion subscribed 49.33 times. BCCL IPO is witnessing strong subscription because of an attractive IPO price band, high GMP and monopoly business.

5 min read

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Shadowfax Technologies IPO: The ₹1,907.27 crore initial public offering is a mix of fresh issuance of shares valued at ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore.

3 min read

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Bharat Coking Coal IPO, with a price band of ₹21 to ₹23 per share, aims to raise ₹1,071.11 crore via an offer for sale of 46.57 crore equity shares by Coal India. A lot includes 600 shares.

3 min read

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Defrail Technologies IPO: The ₹13.77 crore initial public offering is a fresh issuance of 18,60,800 equity shares, with no offer for sale (OFS) component.

3 min read

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INDO SMC IPO: The ₹91.95 crore initial share sale is only a fresh issuance of 61,71,000 shares, with no offer for sale (OFS) component.

3 min read

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Amagi Media Labs IPO: The ₹1,788.62 crore initial public offering consists of a fresh issuance of shares worth ₹816 crore and an offer for sale (OFS) of ₹972.62 crore.

3 min read

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The last five IPO listings showed mixed performance, with two companies trading above their IPO issue prices, while three were below.

3 min read

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Bharat Coking Coal IPO: At the upper price band, the IPO is valued at around 9 times price-to-earnings and about 2 times price-to-book value, as per the offer documents. It will raise ₹1,071 crore solely via an offer for sale (OFS) by promoter Coal India.

3 min read

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Avana Electrosystems IPO: The ₹35.22 crore initial share sale, with a price band of ₹56 to ₹59 per share, is a fresh issuance of 51,76,000 shares worth ₹30.54 crore and an offer for sale of 7,94,000 shares valued at ₹4.68 crore.

3 min read

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Yajur Fibres IPO allotment: The ₹120.41 crore issue, with a price band of ₹168 to ₹174 per share, was completely a fresh issuance of 69,20,000 shares. There was no offer for sale (OFS) component.

3 min read

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Rodec Pharma IPO: The proposed initial share sale will be an offer for sale (OFS) of 56,50,000 equity shares by promoter Mukesh Kumar Gupta. There will be no fresh issue component.

2 min read

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Gabion Technologies IPO allotment finalised: The initial share sale was entirely a fresh issuance of 36 lakh shares worth ₹29.16 crore, with no offer for sale (OFS) component.

3 min read

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Upcoming IPOs: Cloud-based SaaS company Amagi Media Labs' initial public offering (IPO), with a price band of ₹343 to ₹361 per share, will be open for subscription from January 13 to January 16.

3 min read

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Yajur Fibres IPO: The initial share sale is a fresh issue of 69.20 lakh shares aggregating to ₹120.41 crore without an offer for sale component.

3 min read

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Bharat Coking Coal IPO: The initial public offering is only an offer for sale (OFS) of 46.57 crore shares valued at ₹1,071.11 crore. There is no fresh issue component.

3 min read

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The IPO pipeline remains sizable, with more than a dozen steel and allied companies at various stages of the listing process

3 min read

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Amagi Media Labs IPO aims to raise ₹1,789 crore through its public issue. Incorporated in 2008, the company offers solutions to media companies for the distribution and monetisation of their video content over the internet.

6 min read


What our users have to say
IPO section is awesome now.
⁠Kazi Bakibillah Twasin
I have been using Upstox for the past three years, and it is the best app for investing. I have secured around 10 to 15 IPOs since last year, starting from Tata Technologies to Vishal Mega Mart.
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Excellent experience in trading with good chart and a good access to ipo and its status.
Ulhas S

About Mainboard IPO

A mainboard IPO refers to the process where a large privately held company offers its shares to the public for the first time to raise capital from the primary market. Mainboard IPOs are generally launched on both the leading stock exchanges, the NSE and BSE.To qualify for a mainboard IPO, companies must meet stringent eligibility criteria, including a minimum post-issue paid-up capital of ₹10 crore. Mainboard IPOs in India are regulated by the Securities and Exchange Board of India (SEBI) for transparency and investor protection. For information on current IPOs, you can check the IPO section on the Upstox app and the website.

How to apply for a mainboard IPO on Upstox?

Web: You can apply for an IPO through the Upstox website. Go to https://upstox.com/ipo/mainboard/ and log in. From the Open Mainboard IPOs list, choose your IPO and click apply. Enter cutoff price, lot size, and your UPI ID for the mandate. Approve the UPI mandate in your UPI app. Check your application status under the My Application tab.

App: Applying for a mainboard IPO on Upstox is simple and user-friendly.

  • Start by logging into the app using your 6-digit PIN or biometrics.
  • Navigate to the More tab, select IPO, and explore the current IPOs list.
  • Choose your desired IPO from the available options, including mainboard IPOs, and click Apply Now.
  • Fill in the required details, enter your UPI ID and proceed to approve the UPI mandate request in your UPI app.
  • Once approved, track your application under the My Application tab. Upstox also provides key details about upcoming mainboard IPOs, allowing investors to keep track of the public offers of big companies.

Frequently asked questions

How does a mainboard IPO differ from an SME IPO?

A mainboard IPO differs from an SME IPO in scale, regulatory requirements and market focus. Here are some major differences:

  • The Draft Red Herring Prospectus (DRHP) for a mainboard IPO is filed with SEBI, while the stock exchanges review the draft papers for an SME IPO.
  • The minimum investment amount in a mainboard IPO ranges from ₹10,000 to ₹15,000. For SME IPs, the minimum investment generally starts at ₹1,00,000.
  • For a mainboard IPO, the company must have at least a post-issue capital of ₹10 crore. The post-issue capital for an SME IPO is capped at ₹25 crore.
  • Mainboard IPOs are listed on both the NSE and BME. On the other hand, SME IPOs are listed on the respective SME platforms of stock exchanges, like the BSE SME and NSE Emerge.
  • There is no market maker’s portion in a mainboard IPO, while for SME IPOs market making is required.
  • The companies launching mainboard IPOs must file financial reports every 3 months. For SMEs, financial reports should be filed every six months.

When does a mainboard IPO start trading on the exchange?

The mainboard IPO listing takes place as per the scheduled date. The IPO listing is done following the finalisation of share allotment and transfer of the shares to the Demat accounts of the allottees. The stock of the company starts trading at 10 am on the BSE and NSE on the date of listing. The trading starts following a pre-open session between 9 am and 10 am. Investors can keep track of current IPOs through the Upstox app.

Which mainboard IPO is expected to open next?

Mainboard IPOs expected to open next are: Shadowfax Technologies IPO opening on 2026-01-20, Fractal Analytics IPO, Clean Max Enviro Energy Solutions IPO, Prestige Hospitality Ventures IPO, Credila Financial Services IPO
Other IPO Links
  1. Mainboard IPOs