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.

Tracking21DRHP filed

SEBI approved18observations issued

Company	SEBI status	DRHP filed	Est. size	Exchange
Garuda Aerospace IPO	SEBI approved	7 Apr 2026	TBA	BSENSE
Zetwerk IPO	SEBI approved	1 Apr 2026	TBA	BSENSE
PGP Glass IPO	SEBI approved	13 Mar 2026	TBA	BSENSE
AGS Health IPO	SEBI approved	31 Mar 2026	₹1,800 Cr	BSENSE
Casagrand Premier Builder IPO	SEBI approved	29 Dec 2025	₹1,200 Cr	BSENSE
OYO IPO	SEBI approved	31 Dec 2025	₹6,650 Cr	BSENSE
Truhome Finance IPO	SEBI approved	9 Mar 2026	₹1,500 Cr	BSENSE
Zepto IPO	SEBI approved	26 Dec 2025	TBA	BSENSE
Crystal Crop Protection IPO	SEBI approved	17 Dec 2025	TBA	BSENSE
EAAA India Alternatives (Edelweiss) IPO	SEBI approved	19 Jan 2026	₹1,500 Cr	BSENSE
Avaada Electro IPO	SEBI approved	18 Oct 2025	TBA	BSENSE
SAEL Industries IPO	SEBI approved	3 Nov 2025	₹3,750 Cr	BSENSE
Prasol Chemicals IPO	SEBI approved	14 Oct 2025	₹80 Cr	BSENSE
Eastman Auto & Power IPO	SEBI approved	9 Dec 2025	TBA	BSENSE
InCred IPO	SEBI approved	6 Nov 2025	TBA	BSENSE
PhonePe IPO	SEBI approved	23 Sept 2025	TBA	BSENSE
boAt IPO	SEBI approved	9 Apr 2025	₹500 Cr	BSENSE
Continuum Green Energy IPO	SEBI approved	16 Dec 2024	₹1,250 Cr	BSENSE
Jio Platforms IPO	Under review	19 Jun 2026	TBA	BSENSE
NSE (National Stock Exchange) IPO	Under review	17 Jun 2026	TBA	BSE
Razorpay IPO	Under review	12 Jun 2026	TBA	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.