A Draft Red Herring Prospectus (DRHP) is the preliminary offer document a company files with SEBI when it wants to launch an IPO. It describes the business, financials and the proposed issue, but not the final price band or dates.

Does a DRHP filing mean the IPO is confirmed?

No. Filing a DRHP signals intent and starts SEBI’s review. The company still needs SEBI observations (approval) and can amend the offer, change the timing, or withdraw it entirely. A filing is not a guarantee the IPO will open.

When will these IPOs open?

The open date, price band and lot size are not set at the DRHP stage. They are announced closer to the issue, after SEBI approval. Each company’s page here updates automatically once those details are scheduled.

What does “SEBI approved” mean?

It means SEBI has issued its observations on the DRHP — the regulatory step that lets the company proceed toward launching the IPO. Approved issues are typically closer to opening than those still under review.

DRHP Tracker

Upcoming IPOs in India

A live tracker of marquee companies that have filed a DRHP with SEBI but haven’t announced dates yet. Each page updates automatically the moment the IPO is scheduled with a price band and open date.

Tracking19DRHP filed

SEBI approved0observations issued

Company	SEBI status	DRHP filed	Est. size	Exchange
NSE (National Stock Exchange) IPO	Under review	17 Jun 2026	TBA	BSE
Razorpay IPO	Under review	12 Jun 2026	TBA	BSENSE
Garuda Aerospace IPO	Under review	7 Apr 2026	TBA	BSENSE
Zetwerk IPO	Under review	1 Apr 2026	TBA	BSENSE
AGS Health IPO	Under review	31 Mar 2026	₹1,800 Cr	BSENSE
PGP Glass IPO	Under review	13 Mar 2026	TBA	BSENSE
Truhome Finance IPO	Under review	9 Mar 2026	₹1,500 Cr	BSENSE
EAAA India Alternatives (Edelweiss) IPO	Under review	19 Jan 2026	₹1,500 Cr	BSENSE
OYO IPO	Under review	31 Dec 2025	₹6,650 Cr	BSENSE
Casagrand Premier Builder IPO	Under review	29 Dec 2025	₹1,200 Cr	BSENSE
Zepto IPO	Under review	26 Dec 2025	TBA	BSENSE
Crystal Crop Protection IPO	Under review	17 Dec 2025	TBA	BSENSE
Eastman Auto & Power IPO	Under review	9 Dec 2025	TBA	BSENSE
InCred IPO	Under review	6 Nov 2025	TBA	BSENSE
SAEL Industries IPO	Under review	3 Nov 2025	₹3,750 Cr	BSENSE
Avaada Electro IPO	Under review	18 Oct 2025	₹1,600 Cr	BSENSE
PhonePe IPO	Under review	23 Sept 2025	TBA	BSENSE
boAt IPO	Under review	9 Apr 2025	₹500 Cr	BSENSE
Continuum Green Energy IPO	Under review	16 Dec 2024	₹1,250 Cr	BSENSE

Note: A DRHP filing is an intent to go public, not a confirmed IPO. Dates, price band and lot size are announced later, after SEBI approval. Companies can amend or withdraw a filing. This page is for research, not investment advice.

Upcoming IPOs — frequently asked questions

What is a DRHP?: A Draft Red Herring Prospectus (DRHP) is the preliminary offer document a company files with SEBI when it wants to launch an IPO. It describes the business, financials and the proposed issue, but not the final price band or dates.
Does a DRHP filing mean the IPO is confirmed?: No. Filing a DRHP signals intent and starts SEBI’s review. The company still needs SEBI observations (approval) and can amend the offer, change the timing, or withdraw it entirely. A filing is not a guarantee the IPO will open.
When will these IPOs open?: The open date, price band and lot size are not set at the DRHP stage. They are announced closer to the issue, after SEBI approval. Each company’s page here updates automatically once those details are scheduled.
What does “SEBI approved” mean?: It means SEBI has issued its observations on the DRHP — the regulatory step that lets the company proceed toward launching the IPO. Approved issues are typically closer to opening than those still under review.