Companies that have taken visible steps toward a stock market listing — a DRHP filing, regulatory approval step, or a publicly stated IPO plan. Status shown here reflects what PreStocks tracks; always confirm against the company's own filings or official announcements before treating a listing as certain.
A company enters "upcoming IPO" status once it has begun a concrete step toward listing — most commonly filing a Draft Red Herring Prospectus (DRHP) with SEBI, or publicly confirming IPO plans. Until the listing is actually completed, the company remains unlisted and its shares continue to trade in the secondary market.
Signals include a DRHP filing with SEBI, public statements from company leadership, board resolutions approving a listing, or regulatory requirements that make a listing mandatory (as with certain NBFCs under RBI's upper-layer classification). A funding round or valuation increase alone does not mean an IPO is imminent.
The Draft Red Herring Prospectus is the formal document a company files with SEBI ahead of an IPO, disclosing financials, risk factors, and use of proceeds. A DRHP filing is a stronger signal than a rumor, but SEBI review, market conditions, and the company's own timeline can still delay or change the eventual listing.
After a DRHP filing, SEBI review and any required revisions typically take several months, followed by a Red Herring Prospectus, roadshow, and the public subscription window itself. Timelines vary significantly by company and are not fixed — treat any specific date as indicative at best unless it comes directly from the company or SEBI.
On listing, unlisted shares convert into ordinary listed shares in the same demat account. Non-promoter pre-IPO shareholders are typically subject to a SEBI lock-in period post-listing — terms vary by offer, so check the specific company's documentation.
IPO timelines can be delayed or shelved entirely, valuations can be marked down as well as up, and pre-IPO shares remain illiquid until an exit is found. See our pre-IPO shares guide and Risk Disclosure before investing.