Let’s take a deep dive into this month’s IPO calendar, including Meesho, Vidya Wires, Revelcare, Neochem Bio, and ScaleSauce, which are scheduled for January 2026 IPOs. This IPO month considered both SME and Mainboard with a satisfactory aim of IPO money utilisation.
Below is a list of upcoming IPOs, along with their tentative dates and other key details to help you stay informed.
| Company IPO | Opening Date | Closing Date | Type of IPO | IPO Size | Price Band |
| Modern Diagnostic | December 31 | January 2 | SME | ₹37 Cr. | ₹85 to ₹90 |
| Gabion Technologies | January 6 | January 8 | SME | ₹29 Cr. | ₹76 to ₹81 |
| Yajur Fibres | January 7 | January 9 | SME | ₹120 Cr. | ₹168 to ₹174 |
| Victory Electric Vehicles | January 7 | January 9 | SME | ₹35 Cr. | ₹41 |
| Defrail Technologies | January 9 | January 13 | SME | ₹- Cr. | ₹- to ₹- |
| Bharat Coking Coal | January 9 | January 13 | Mainboard | ₹1071.1 Cr. | ₹21 to ₹23 |
| Avana Electrosystems | January 12 | January 14 | SME | ₹35 Cr. | ₹56 to ₹59 |
| Narmadesh Brass | January 12 | January 15 | SME | ₹45 Cr. | ₹515 |
| INDO SMC | January 13 | January 15 | SME | ₹92 Cr. | ₹141 to ₹149 |
| Amagi Media Labs | January 13 | January 16 | Mainboard | ₹1789 Cr. | ₹343 to ₹361 |
| GRE Renew Enertech | January 13 | January 16 | SME | ₹40 Cr. | ₹100 to ₹105 |
| Armour Security | January 14 | January 19 | SME | ₹27 Cr. | ₹55 to ₹57 |
| Aritas Vinyl | January 16 | January 20 | SME | ₹38 Cr. | ₹40 to ₹47 |
| Digilogic Systems | January 20 | January 22 | SME | ₹81 Cr. | ₹98 to ₹104 |
| Shadowfax | January 20 | January 22 | Mainboard | ₹1907.27 Cr. | ₹118 to ₹124 |
| KRM Ayurveda | January 21 | January 23 | SME | ₹77 Cr. | ₹128 to ₹135 |
| Shayona Engineering | January 22 | January 27 | SME | ₹[.] Cr. | ₹- to ₹- |
| Hero Fincorp | TBA | TBA | TBA | TBA | TBA |
| Hero Motors | TBA | TBA | TBA | TBA | TBA |
| Priority Jewels | TBA | TBA | TBA | TBA | TBA |
Modern Diagnostic IPO
The Modern Diagnostic IPO opening date is December 31, 2025, and the closing date is January 2, 2026. Moreover, the IPO has an issue size of ₹37 crores with a fresh issue. The face value is ₹10 each. The IPO price band is ₹85 to ₹90 per share.
Gabion Technologies IPO
Gabion Technologies’ IPO is opening from January 6, 2026, and will close on January 8, 2026. Further, the IPO has an issue size of ₹29 crores with the fresh issue. The face value of ₹ 10 each, and the price band has been set at ₹76 to ₹81 per share.
Yajur Fibres IPO
Yajur Fibres IPO is opening from January 7, 2026, and closing on January 9, 2026. Moreover, the IPO has an issue size of ₹120 crores through a fresh issue with a face value of 10 each. Yajur Fibres IPO price band is ₹168 to ₹174 per share.
Victory Electric Vehicles IPO
Victory Electric Vehicles’ IPO opens from January 7, 2026, to January 9, 2026. The company plans to raise around ₹35 crores via IPO, consisting of a fresh issue of ₹35 crores with a face value of ₹5 each.
Victory Electric Vehicles’ IPO price band is ₹41 per share.
Defrail Technologies IPO
Defrail Technologies’ IPO is scheduled to open on January 9, 2026, and will close on January 13, 2026. Defrail Technologies IPO is a Book Build Issue. Further, the IPO issue size is 14 Cr via fresh issue, and the price band has set at ₹70 to ₹74 per share.
Avana Electrosystems IPO
Avana Electrosystems IPO is opening from January 12, 2026, and closing on January 14, 2026. Further, the IPO has an issue size of ₹35 crores, wherein the fresh issue of ₹33 crores and offer for sale up to 7,94,000 equity shares with a face value of ₹10 each.
Avana Electrosystems’ IPO price band is ₹56 to ₹59 per share.
Narmadesh Brass IPO
Narmadesh Brass IPO is opening from January 12, 2026, to January 15, 2026. The issue size of this IPO is ₹45 crores via IPO that comprises a fresh issue of ₹36 crores and offer for sale up to 1,70,400 equity shares with face value of ₹10 each. Further, the price band is ₹515 per share.
INDO SMC IPO
INDO SMC IPO is opening for subscription from January 13, 2026, to January 15, 2026. Moreover, the IPO’s issue size is ₹92 crores fresh issue of ₹92 crores with a face value of ₹10 each. Further, the IPO’s price band is ₹141 to ₹149 per share.
Amagi Media Labs IPO
Amagi Media Labs IPO will open on January 13, 2026, and close on January 16, 2026. It is a book-built issue through which the company plans to raise around ₹1,789 crore, including a fresh issue of ₹816 crore and an offer for sale of up to 2,69,42,343 equity shares with a face value of ₹5 each. The IPO price band is ₹343 to ₹361 per share.
GRE Renew Enertech IPO
The GRE Renew Enertech IPO will open on January 13, 2026, and it will close on January 16, 2026. Moreover, the IPO has an issue size of ₹40 crore, via fresh issue, along with the face value of ₹10 each.
Armour Security IPO
Armour Security IPO will open on January 14, 2026, and close on January 19, 2026. It is a book-built issue through which the company plans to raise around ₹27 crore via a fresh issue of shares. The IPO price band is ₹55 to ₹57 per share, with a face value of ₹10 each.
Aritas Vinyl IPO
Aritas Vinyl IPO is opening from January 16, 2026, to January 20, 2026. Further, the IPO’s issue size is ₹38 crores via fresh issue and OFS. In this IPO, the fresh issue of ₹33 crores and offer for sale up to 9,84,400 equity shares with face value of ₹10 each. Aritas Vinyl IPO price band is ₹40 to ₹47 per share.
Digilogic Systems IPO
Digilogic Systems IPO will open on January 20, 2026, and close on January 22, 2026. It is a book-building issue. The company plans to raise about ₹81 crore through the IPO, which includes a fresh issue of ₹69.68 crore and an offer for sale of up to 10,89,600 shares, each with a face value of ₹2. The price band for the IPO is ₹98 to ₹104 per share.
Shadowfax Technologies IPO
Shadowfax Technologies’ IPO will open on January 20, 2026, and close on January 22, 2026. It is a book-building issue. The company plans to raise around ₹1,907 crore, which includes a fresh issue of ₹1,000 crore and an offer for sale of up to 7,31,66,935 shares, each with a face value of ₹10.
The price band for the IPO is ₹118 to ₹124 per share.
KRM Ayurveda IPO
KRM Ayurveda IPO will open on January 21, 2026, and close on January 23, 2026. This IPO is a book-building issue. The company plans to raise about ₹77 crore, entirely through a fresh issue of shares. A face value of ₹10. Each share. The price band for the IPO is set between ₹128 and ₹135 per share.
Hero Fincorps IPO
Hero Fincorps IPO is planned for January 2026 (exact dates to be announced). It’s a book‑built IPO aiming to raise about ₹3,668 crore, including a fresh issue of ₹2,100 crore and the rest through an offer for sale by existing shareholders. The shares will have a face value of ₹10 each, and the IPO opens and closes in 2026.
Hero Motors IPO
Hero Motors’ IPO is planned for 2026. It’s a book-built IPO to raise about ₹1,200 crore, including a fresh issue of ₹800 crore and an offer for sale by existing shareholders. Each share has a face value of ₹10.
Priority Jewels IPO
Priority Jewels IPO plans a book-built IPO in 2026. Shares will list on BSE and NSE, with final details in the Red Herring Prospectus. The rest of the details are yet to be announced.
