India’s primary market is set for an active week, with several companies expected to open their initial public offerings (IPOs) for subscription from September 15, 2026. The upcoming IPO calendar includes a mix of mainboard and SME issues, giving investors several companies to research as they evaluate new opportunities in the primary market.
Among the issues attracting attention are the proposed IPO of the National Stock Exchange of India (NSE), along with offerings from Hero Motors, SS Retail, Jindal Supreme (India) and Sona Selection India. Several SME companies are also expected to open their issues during the week.
The IPO activity is expected to begin on September 15, with additional issues opening on September 16 and September 17. Investors should note that IPO dates, price bands and issue sizes can change, so the latest information published by the companies and stock exchanges should always be considered before applying.
Rather than viewing an IPO simply as an opportunity to make quick listing gains, investors should evaluate the underlying company’s financial performance, business model, valuation, industry outlook and associated risks.
NSE IPO: The Largest Issue Among the Upcoming Offerings
The proposed National Stock Exchange of India Ltd. IPO is expected to be one of the biggest events in the upcoming primary-market calendar.
The IPO is expected to open on September 17, 2026, and close on September 21. The reported price band is ₹1,700 to ₹1,785 per share, while the issue size is approximately ₹22,561.57 crore.
The NSE issue stands apart from the other upcoming offerings because of its significantly larger size. The exchange is one of India’s most important financial-market institutions, and its proposed public offering has attracted considerable investor and market attention.
Because of the company’s position within India’s capital-market ecosystem, investors may want to examine factors such as trading volumes, market activity, regulatory developments and the company’s financial performance before considering the issue.
The proposed shares are expected to be listed on the BSE.
Hero Motors IPO
Hero Motors Ltd. is another mainboard IPO expected to open during the week.
The issue is expected to open on September 16, 2026, and close on September 18. The reported price band is ₹79 to ₹84 per share, while the issue size is approximately ₹1,000 crore.
The company is associated with the automotive and auto-component sector. Consequently, investors evaluating the IPO may want to consider factors such as automobile demand, manufacturing costs, margins, customer concentration, competition and the broader outlook for the automotive industry.
The proposed listing is on both the BSE and NSE.
As with any IPO, investors should examine the company’s financial statements and offer documents rather than relying solely on market sentiment surrounding the issue.
SS Retail IPO
SS Retail Ltd. is expected to open its IPO on September 16 and close on September 18.
The company has a reported price band of ₹403 to ₹424 per share, with an issue size of approximately ₹500 crore. The proposed listing is on both the BSE and NSE.
For a retail-sector company, investors may want to assess consumer demand, sales growth, operating margins, competition and the company’s ability to expand its business.
The price per share alone does not determine whether an IPO is expensive or inexpensive. A more meaningful assessment requires investors to consider the company’s valuation in relation to its earnings, growth prospects and comparable businesses.
Jindal Supreme (India) IPO
Jindal Supreme (India) Ltd. is also expected to open its IPO on September 16.
The issue is expected to close on September 18. Its reported price band is ₹88 to ₹93 per share, while the issue size is approximately ₹124.88 crore.
The proposed listing is on the BSE and NSE.
Investors researching the company may want to pay attention to factors affecting the steel and industrial-products sector, including raw-material costs, demand conditions, margins, infrastructure activity and competition.
Smaller offerings can also experience different trading conditions from large mainboard IPOs. Therefore, investors should consider both the company’s fundamentals and the potential risks associated with the issue.
Sona Selection India IPO
Sona Selection India Ltd. is expected to open its IPO on September 17 and close on September 21.
The reported price band is ₹94 to ₹99 per share, and the issue size is approximately ₹141.57 crore. The proposed listing is on both the BSE and NSE.
Investors interested in the company should examine its financial performance, business operations, industry conditions and valuation before making an application.
The company’s position within the textile-related business environment also means that factors such as raw-material prices, demand and broader industry conditions can be relevant when assessing its prospects.
SME IPOs Also Scheduled for the Week
The upcoming primary-market calendar also includes several SME IPOs.
Quanto Agroworld Ltd. is expected to open on September 15 and close on September 17. The reported issue price is ₹67 per share, with an issue size of approximately ₹31.02 crore. The proposed listing is on BSE SME.
Shakti Polytarp Ltd. is also expected to open on September 15 and close on September 17. Its reported price band is ₹56 to ₹59 per share, while the issue size is approximately ₹26.93 crore. The proposed listing is on BSE SME.
Vama Wovenfab Ltd. is expected to open during the same period, from September 15 to September 17. Its reported price band is ₹324 to ₹341 per share, with an issue size of approximately ₹49.54 crore. The proposed listing is on BSE SME.
Other SME issues expected around the period include Kheria Autocomp Ltd. and Spectrae Technology Solutions Ltd.
Kheria Autocomp is expected to open on September 17 and close on September 21. Its reported price band is ₹96 to ₹101, with an issue size of approximately ₹46.44 crore. The proposed listing is on NSE SME.
Spectrae Technology Solutions is also expected to open on September 17 and close on September 21. Its reported price band is ₹112 to ₹118, with an issue size of approximately ₹42.52 crore. The proposed listing is on NSE SME.
Investors should remember that SME-listed companies can have different liquidity and trading characteristics compared with companies listed on the mainboard.
Key IPO Details at a Glance
| IPO | Expected Opening Date | Price Band | Approx. Issue Size | Proposed Listing |
|---|---|---|---|---|
| NSE | September 17, 2026 | ₹1,700–₹1,785 | ₹22,561.57 crore | BSE |
| Hero Motors | September 16, 2026 | ₹79–₹84 | ₹1,000 crore | BSE, NSE |
| SS Retail | September 16, 2026 | ₹403–₹424 | ₹500 crore | BSE, NSE |
| Sona Selection India | September 17, 2026 | ₹94–₹99 | ₹141.57 crore | BSE, NSE |
| Jindal Supreme (India) | September 16, 2026 | ₹88–₹93 | ₹124.88 crore | BSE, NSE |
| Vama Wovenfab | September 15, 2026 | ₹324–₹341 | ₹49.54 crore | BSE SME |
| Shakti Polytarp | September 15, 2026 | ₹56–₹59 | ₹26.93 crore | BSE SME |
| Quanto Agroworld | September 15, 2026 | ₹67 | ₹31.02 crore | BSE SME |
The dates and issue details above are based on publicly available IPO information. Investors should verify the final details through the relevant company and stock-exchange documents before applying.
What Investors Should Check Before Applying
An IPO application should ideally begin with a review of the company’s official offer documents.
Investors should examine the company’s revenue and profit growth, debt levels, cash flows, valuation, promoter holdings and the intended use of funds. It is also important to understand the risks identified by the company in its offer documents.
Valuation is another important consideration. A company with strong growth prospects can still represent a high-risk investment if its IPO valuation leaves little room for future growth.
Investors should also avoid making decisions solely on the basis of social-media discussions, unofficial market expectations or short-term listing speculation.
For SME IPOs in particular, investors should understand the characteristics of the relevant SME platform and consider potential differences in liquidity and trading activity.
A Busy Week for the Primary Market
The upcoming IPO calendar could make the week beginning September 15 an interesting period for India’s primary market.
The NSE issue is expected to receive significant attention because of its very large issue size, while Hero Motors, SS Retail, Jindal Supreme and Sona Selection India provide additional mainboard offerings for investors to research.
Several SME IPOs will also enter the market, giving investors a broader selection of companies across different sectors and business sizes.
However, the presence of multiple IPOs does not mean investors should apply indiscriminately. Every issue has its own financial profile, valuation, growth opportunity and risk factors.
Investors should therefore treat the upcoming IPO calendar as a starting point for research. Before applying, they should verify the latest issue dates, price bands, lot sizes, subscription details and other relevant information through official sources.
Ultimately, an IPO should be evaluated on the fundamentals and valuation of the underlying business rather than simply on its popularity or expected listing performance.
Disclaimer
This article is for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell securities. IPO dates, price bands, issue sizes and other details may change. Investors should verify all information through official company filings, offer documents and stock-exchange sources before making investment decisions. Consider consulting a qualified financial advisor based on your individual circumstances.
Editorial Note: This article has been prepared after reviewing and analysing information from multiple reputable financial and market sources. IPO dates, price bands, issue sizes and other details may change as new information becomes available. If you spot any error or outdated information, please let us know so we can review and update it.
