July 2026 is turning out to be one of the busiest IPO months in Indian stock market history. From a defence fabric maker supplying parachutes to ISRO’s Gaganyaan mission to India’s largest mutual fund house, the variety and scale of companies listing this month is extraordinary.
Whether you are a seasoned investor or someone applying for your very first IPO — this is the only calendar you need. Bookmark it and check back daily as we update GMP, subscription data, and allotment status in real time.
Disclaimer: This article is for informational purposes only. IPO investments involve market risk. GMP figures are unofficial and unregulated by SEBI. Please consult a SEBI-registered financial advisor before investing.
🗓️ July 2026 IPO Calendar — Full List
🔴 OPEN RIGHT NOW
1. Kusumgar Ltd IPO
Defence & Aerospace Engineered Fabrics — Gaganyaan Supplier
| Detail | Info |
|---|---|
| Open Date | July 8, 2026 |
| Close Date | July 10, 2026 |
| Price Band | ₹398 – ₹419 per share |
| Issue Size | ₹650 crore (100% OFS) |
| Lot Size | 35 shares |
| Min Investment | ₹14,665 |
| GMP (Jul 5) | ₹130–₹135 (~31% premium) |
| Allotment | July 13, 2026 |
| Listing | July 15, 2026 (NSE & BSE) |
| Registrar | Bigshare Services |
Why it matters: Kusumgar manufactures over 1,000 types of engineered synthetic fabrics for aerospace, defence, parachute systems, and stealth materials. It is an authorised supplier for ISRO’s Gaganyaan — India’s first manned space mission. The 31% GMP signals strong grey market demand. However, both revenue (-10%) and profit (-12%) declined in FY26 — read the full review before applying.
Caution: Pure OFS — the company itself receives zero proceeds. Read risks carefully.
👉 Read Full Kusumgar IPO Review →
2. Happy Steels IPO (SME)
Steel Products Manufacturer
| Detail | Info |
|---|---|
| Open Date | July 9, 2026 |
| Close Date | July 13, 2026 |
| Price Band | ₹62 – ₹66 per share |
| Listing | July 16, 2026 (NSE SME) |
Why it matters: A smaller SME issue — but steel sector stocks have been performing strongly in 2026 on the back of infrastructure spending. SME IPOs carry higher risk but can deliver higher short-term listing gains.
🟡 OPENING THIS WEEK
3. SBI Funds Management IPO (SBI Mutual Fund)
India’s Largest Asset Management Company
| Detail | Info |
|---|---|
| Open Date | July 14, 2026 |
| Close Date | July 16, 2026 |
| Price Band | To be announced (est. ₹685–₹700) |
| Issue Size | ~₹10,000–13,000 crore (100% OFS) |
| Lot Size | TBA |
| GMP (Jul 5) | ₹91 per share |
| Allotment | July 17, 2026 |
| Listing | July 21, 2026 (NSE & BSE) |
| Registrar | KFin Technologies |
Why it matters: This is India’s largest AMC managing ₹12.50 lakh crore in mutual fund assets — a 15.4% market share. A joint venture between SBI and France’s Amundi, this IPO gives ordinary investors a chance to own a piece of the company managing their own mutual fund money. Revenue grew at 16% CAGR and PAT at 24.2% CAGR between FY23 and FY25. The company is completely debt-free.
GMP signal: ₹91 is a moderate positive signal — watch for price band confirmation expected July 7–8.
👉 Read Full SBI Mutual Fund IPO Review →
🔵 COMING SOON IN JULY 2026
4. Reliance Jio IPO (Jio Platforms Limited)
India’s Largest Telecom & Digital Platform
| Detail | Info |
|---|---|
| DRHP Filed | June 19, 2026 |
| Expected Opening | August–October 2026 |
| Issue Size | ~₹37,700 crore (100% Fresh Issue) |
| Estimated Valuation | ~$137 billion |
| GMP | Not yet active |
Why it matters: This will be the largest IPO in Indian history, overtaking Hyundai Motor India’s 2024 record. Jio has 524 million subscribers, 268 million 5G users, and is now building one of Asia’s largest AI compute infrastructure at Jamnagar. SEBI review is ongoing — listing expected August–October 2026.
5. NSE IPO (National Stock Exchange of India)
India’s Largest Stock Exchange
| Detail | Info |
|---|---|
| DRHP Filed | June 17, 2026 |
| Expected Opening | Q3–Q4 2026 |
| Issue Size | ~₹21,000–30,000 crore (100% OFS) |
| Estimated Valuation | ~₹4.7–5 lakh crore |
| GMP | Not yet active |
Why it matters: NSE commands 93%+ market share in equity trading in India. This is a once-in-a-generation listing — the exchange that powers Indian markets going public itself.
6. OYO IPO (Oravel Stays Limited)
India’s Largest Hospitality Tech Company
| Detail | Info |
|---|---|
| Status | UDRHP filed with SEBI |
| Expected | Later in 2026 |
| Sector | Hospitality / Travel Tech |
OYO has filed its Updated Draft Red Herring Prospectus (UDRHP) with SEBI. After multiple delays and a significant business restructuring, OYO appears closer than ever to finally going public.
7. Big IPOs Expected Later in 2026
These are among the most eagerly awaited IPOs from companies that have filed DRHPs or announced IPO plans:
| Company | Sector | Status |
|---|---|---|
| PhonePe | Fintech / Payments | DRHP in preparation |
| Zepto | Quick Commerce | DRHP filed |
| boAt | Consumer Electronics | DRHP in preparation |
| Flipkart | E-commerce | Announced |
| MakeMyTrip | Travel Tech | Announced |
| Parle Products | FMCG | DRHP filed |
| FabIndia | Retail / Lifestyle | DRHP filed |
| Hero FinCorp | NBFC | DRHP filed |
| ACKO | InsurTech | DRHP filed |
| Milky Mist | Dairy / FMCG | DRHP filed |
📊 July 2026 IPO GMP Tracker
| IPO | Price Band | GMP | Est. Listing | Premium % |
|---|---|---|---|---|
| Kusumgar Ltd | ₹398–₹419 | ₹130–₹135 | ₹549–₹554 | ~31% |
| Happy Steels (SME) | ₹62–₹66 | TBA | TBA | TBA |
| SBI Mutual Fund | TBA | ₹91 | TBA | TBA |
| Reliance Jio | TBA | Not active | TBA | TBA |
| NSE | TBA | Not active | TBA | TBA |
GMP data as of July 5, 2026. Updated daily. GMP is unofficial and not regulated by SEBI.
How to Apply for Any IPO in July 2026
Applying for an IPO in India takes less than 2 minutes if you already have a Demat account. Here is how:
Step 1: Open your broker app — Zerodha, Groww, Upstox, Angel One, or 5Paisa Step 2: Go to IPO section → find the IPO you want to apply for Step 3: Enter your UPI ID, select quantity (minimum 1 lot), and bid at cut-off price Step 4: Approve the UPI mandate in your UPI app (Google Pay, PhonePe, BHIM) Step 5: Wait for allotment — money is only debited if you get shares
Alternatively via bank (ASBA): Log in to SBI/HDFC/ICICI/Axis net banking → Investments → IPO → Apply
You need: ✅ PAN Card ✅ Active Demat Account ✅ Linked bank account with UPI
IPO Allotment Status — How to Check
After the subscription closes, allotment happens within 6 days. Check yours at:
- BSE: https://www.bseindia.com/investors/appli_check.aspx
- NSE: https://eipo.nseindia.com/allotment/app/
- Bigshare (Kusumgar registrar): https://ipo.bigshareonline.com/IPO_Status.html
- KFin Technologies (SBI MF registrar): https://www.kfintech.com
Which July 2026 IPO Should You Apply For?
| Investor Type | Best Pick | Why |
|---|---|---|
| Long-term (3–5 years) | SBI Mutual Fund | Strong fundamentals, growing AUM |
| High risk, high reward | Kusumgar | Strong GMP, defence sector tailwind |
| Conservative | SBI Mutual Fund | Debt-free, dividend-paying, SBI brand |
| Mega opportunity | Jio IPO (when open) | Largest IPO in Indian history |
Frequently Asked Questions (FAQ)
Q1. Which IPO is open right now in July 2026? Kusumgar Ltd IPO is open from July 8–10, 2026. Happy Steels (SME) opens July 9–13. SBI Mutual Fund IPO opens July 14–16.
Q2. Which is the biggest IPO in July 2026? By issue size, SBI Mutual Fund (~₹10,000–13,000 crore) is the largest confirmed July 2026 IPO. Reliance Jio (~₹37,700 crore) is expected later in August–October.
Q3. What is the GMP of Kusumgar IPO today? As of July 5, 2026, Kusumgar GMP is ₹130–₹135, implying approximately 31% listing premium. This is unofficial — updated daily in this article.
Q4. How do I apply for SBI Mutual Fund IPO? SBI Mutual Fund IPO opens July 14, 2026. Apply through Zerodha, Groww, Upstox, or your bank net banking using UPI or ASBA. Price band will be announced around July 7–8.
Q5. Is there any IPO listing this week? Kusumgar Ltd is expected to list on NSE and BSE on July 15, 2026. Happy Steels (SME) lists on July 16, 2026.
Q6. How do I check my IPO allotment status? Visit the registrar website (Bigshare for Kusumgar, KFin for SBI MF) or check on BSE/NSE allotment pages using your PAN number.
Stay Updated
This calendar is updated daily. Bookmark this page and check back for:
- ✅ SBI MF price band (expected July 7–8)
- ✅ Kusumgar Day 1–3 subscription data (July 8–10)
- ✅ Kusumgar allotment (July 13)
- ✅ Kusumgar listing gain/loss (July 15)
- ✅ SBI MF subscription data (July 14–16)
- ✅ SBI MF allotment (July 17)
- ✅ SBI MF listing (July 21)
Sources: NSE, BSE, SEBI, Zerodha IPO page, IPOWatch, Chittorgarh, IPO Central, as of July 5 2026.
Disclaimer: This article is for informational purposes only. IPO investments involve market risk. GMP figures are unofficial and unregulated by SEBI. Please consult a SEBI-registered financial advisor before investing.