Upcoming IPOs in India September 2026: Complete IPO Calendar, Price Band, GMP & Details
The Indian IPO market is entering another busy phase, with several Mainboard and SME IPOs scheduled to open between September 22 and September 29, 2026.
Companies from industries such as tiles and building materials, education infrastructure, information technology, steel, financial technology and logistics are preparing to raise funds through the primary market.
For investors, the upcoming IPO calendar provides an opportunity to track important details, including the issue size, price band, lot size, subscription dates, GMP and expected listing dates.
Here is a detailed overview of the major upcoming IPOs currently scheduled for September 2026.
Upcoming IPOs in September 2026: Overview
According to current IPO calendar data, seven major Mainboard IPOs are scheduled to open between September 22 and September 28. Several SME IPOs are also expected to enter the market during the same period.
Upcoming Mainboard IPOs
| IPO | Open Date | Close Date | Price Band | Issue Size |
|---|---|---|---|---|
| Varmora Granito | Sep 22 | Sep 24 | ₹140–₹148 | ₹708.02 Cr |
| Elevate Campuses | Sep 23 | Sep 25 | ₹343–₹362 | ₹2,100 Cr |
| Adroit Industries | Sep 23 | Sep 25 | ₹126–₹134 | ₹150.71 Cr |
| Swastika Infra | Sep 23 | Sep 25 | ₹175–₹185 | ₹160.88 Cr |
| ArMee Infotech | Sep 23 | Sep 25 | ₹350–₹375 | ₹300 Cr |
| Moneyview | Sep 24 | Sep 28 | ₹32–₹34 | ₹1,091.68 Cr |
| A-One Steels India | Sep 24 | Sep 28 | ₹385–₹405 | ₹405 Cr |
The above information is based on currently published IPO calendars and market reports. Investors should verify final details in the respective IPO documents before applying.
1. Varmora Granito IPO
The Varmora Granito IPO opened for subscription on September 22, 2026, and will remain open until September 24.
The company operates in the ceramic and vitrified tiles industry. Its IPO includes a fresh issue intended for capital expenditure and debt repayment, along with an Offer for Sale component.
Varmora Granito IPO Details
| Particular | Details |
|---|---|
| IPO Size | ₹708.02 Crore |
| Fresh Issue | ₹320 Crore |
| Offer for Sale | ₹388.02 Crore |
| Price Band | ₹140–₹148 |
| Lot Size | 101 Shares |
| Minimum Investment | Approximately ₹14,948 |
| IPO Dates | September 22–24 |
| Expected Allotment | September 25 |
| Expected Listing | September 29 |
The company reportedly earns a significant portion of its revenue from glazed vitrified tiles and technical products. Investors should also consider export exposure, debt requirements and industry competition.
Varmora Granito IPO GMP
Recent market reports indicated a GMP of approximately ₹9–₹10 per share. GMP is unofficial and can change before listing.
Investors should not consider GMP a guaranteed indicator of listing performance.
2. Elevate Campuses IPO
The Elevate Campuses IPO is scheduled to open on September 23 and close on September 25, 2026.
The company is part of the student accommodation and education infrastructure segment. The IPO has an issue size of approximately ₹2,100 crore.
Elevate Campuses IPO Details
| Particular | Details |
|---|---|
| IPO Size | ₹2,100 Crore |
| Price Band | ₹343–₹362 |
| Lot Size | 41 Shares |
| Minimum Investment | Approximately ₹14,842 |
| IPO Dates | September 23–25 |
| Expected Listing | September 30 |
The price band and opening dates have been reported by market sources.
Elevate Campuses IPO GMP
The reported GMP is approximately ₹16 per share, although grey-market rates may change frequently.
Investors should review the company's financial performance, business model and valuation before making a decision.
3. Adroit Industries IPO
The Adroit Industries (India) IPO is scheduled to open on September 23 and close on September 25, 2026.
The company is associated with the automotive component manufacturing sector, including propeller shafts and related products.
Adroit Industries IPO Details
| Particular | Details |
|---|---|
| IPO Size | Approximately ₹150.71 Crore |
| Price Band | ₹126–₹134 |
| Lot Size | 111 Shares |
| Minimum Investment | Approximately ₹14,874 |
| IPO Dates | September 23–25 |
| Expected Listing | September 30 |
The issue size and price band are listed in current IPO calendar updates.
Adroit Industries IPO GMP
Recent IPO trackers reported a GMP of approximately ₹32 per share.
GMP can change rapidly and is not an official exchange forecast.
4. Swastika Infra IPO
The Swastika Infra IPO is another Mainboard issue scheduled for September 23–25, 2026.
The company operates in the infrastructure and power-sector engineering, procurement and construction segment.
Swastika Infra IPO Details
| Particular | Details |
|---|---|
| IPO Size | Approximately ₹160.88 Crore |
| Price Band | ₹175–₹185 |
| Lot Size | 81 Shares |
| Minimum Investment | Approximately ₹14,985 |
| IPO Dates | September 23–25 |
| Expected Listing | September 30 |
The IPO calendar lists the company’s issue size, price band and scheduled dates.
Swastika Infra IPO GMP
The reported GMP is approximately ₹3 per share.
Investors should focus on order book strength, project execution, financial performance and valuation rather than GMP alone.
5. ArMee Infotech IPO
The ArMee Infotech IPO is scheduled to open on September 23 and close on September 25, 2026.
The company operates in the information technology and technology infrastructure space.
ArMee Infotech IPO Details
| Particular | Details |
|---|---|
| IPO Size | ₹300 Crore |
| Price Band | ₹350–₹375 |
| Lot Size | 40 Shares |
| Minimum Investment | Approximately ₹15,000 |
| IPO Dates | September 23–25 |
| Expected Listing | September 30 |
These details are based on current IPO calendar information.
ArMee Infotech IPO GMP
Recent trackers reported a GMP of approximately ₹1 per share.
The GMP figure may change before the IPO listing and should not be used as a standalone investment factor.
6. Moneyview IPO
The Moneyview IPO is scheduled to open on September 24 and close on September 28, 2026.
Moneyview, previously known as Whizdm Innovations, operates in the digital financial services sector and provides financial products through partnerships with banks, non-banking financial companies and insurers.
Moneyview IPO Details
| Particular | Details |
|---|---|
| IPO Size | Approximately ₹1,091.68 Crore |
| Price Band | ₹32–₹34 |
| IPO Dates | September 24–28 |
| Expected Listing | October 1 |
| Segment | Mainboard |
Moneyview has announced a revised IPO valuation and a price band of ₹32–₹34 per share.
Moneyview IPO GMP
The latest IPO calendar reported no meaningful GMP premium at the time of its update.
Investors should study the company's profitability, lending-related exposure, partnerships and valuation before applying.
7. A-One Steels India IPO
The A-One Steels India IPO is expected to open on September 24 and close on September 28, 2026.
The company operates in the steel and industrial products segment.
A-One Steels IPO Details
| Particular | Details |
|---|---|
| IPO Size | ₹405 Crore |
| Price Band | ₹385–₹405 |
| Lot Size | 37 Shares |
| Minimum Investment | Approximately ₹14,985 |
| IPO Dates | September 24–28 |
| Expected Listing | October 1 |
The company has announced a price band of ₹385–₹405 per share for its IPO.
A-One Steels IPO GMP
Recent IPO trackers reported a GMP of approximately ₹60 per share.
The grey-market premium is unofficial and may change significantly before the listing date.
Upcoming SME IPOs to Watch
Along with Mainboard IPOs, several SME IPOs are also expected to open during the final week of September.
Some names appearing in current IPO calendars include:
- Coreintegra Consulting Services
- Pooja Logistics
- Himalayan Solar
- Bench Mark Infotech Services
- Green Asia Impex
- Roopa Screen
- Unitec Fibres
SME IPOs may have higher minimum investment requirements and different liquidity characteristics compared with Mainboard IPOs. Investors should read the issue documents carefully and understand the risks before applying.
How to Track IPO GMP and Subscription Status
Investors can follow the following information before applying for an IPO:
1. Price Band
The price band indicates the minimum and maximum bidding price for the IPO.
2. Lot Size
The lot size indicates the minimum number of shares that can be applied for in one application.
3. Subscription Status
Subscription data shows demand across retail, non-institutional and qualified institutional investor categories.
4. GMP
GMP reflects unofficial grey-market sentiment. It is not regulated by stock exchanges and does not guarantee listing gains.
5. Allotment Date
The allotment date is when the registrar finalises the distribution of shares to successful applicants.
Important Factors to Check Before Applying
Investors should not make an IPO decision based only on subscription numbers or GMP.
Before applying, consider:
- Company's revenue and profit growth
- Valuation compared with industry peers
- Debt and working capital requirements
- Promoter background
- Use of IPO proceeds
- Business risks
- Competitive environment
- Market conditions
- Expected post-listing liquidity
A high GMP or oversubscribed IPO does not automatically mean the issue is suitable for every investor.
Final Takeaway
September 2026 is turning into an active month for India's primary market, with several Mainboard and SME IPOs scheduled to open.
The major upcoming Mainboard issues include Varmora Granito, Elevate Campuses, Adroit Industries, Swastika Infra, ArMee Infotech, Moneyview and A-One Steels India.
Investors should track official IPO announcements, price bands, subscription numbers, GMP changes and allotment schedules before making any investment decision.
Follow GMP IPO Watch for updated IPO calendars, live GMP, subscription status, allotment results and listing news.
Disclaimer: Grey Market Premium (GMP) is unofficial and can change at any time. GMP does not guarantee listing gains. IPO information and dates may change based on official announcements. This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own research or consult a qualified financial advisor before investing.
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