IPOs expected in May 2026 could be affected by the Iran-US-Israel war, because it has crossed the 60-day mark without any resolution. This prolonged war has induced significant pressure on energy prices and supply chain mechanics, resulting in pressure on global stock markets. However, the Indian equity markets have shown remarkable recovery and resilience in late April.
Companies seeking IPOs are opting for a safer approach, resulting in delays. A prime example is OnEMI (Kissht), the company reduced its fresh issue size by INR 150 crore and trimmed the OFS component as well. Despite these cautious manoeuvres, the list of IPOs expected in May 2026 remains interesting. If the domestic market stability holds, the following companies may hit the primary market next month.
List of Upcoming IPOs in May 2026
Below is the breakdown of the Latest IPOs coming in May 2026 and those expected to launch soon:
Bagmane Prime Office REIT (5 – 7 May)
Bagmane Prime Office REIT is set to be one of the highlight offerings in the IPOs Expected in May 2026. This Real Estate Investment Trust (REIT) manages a premium portfolio of Grade-A commercial office spaces, primarily located in Bangalore’s tech hubs. The IPO, scheduled for May 5 to May 7, and aims to raise ~INR 3,405 crore. The proceeds are intended for the acquisition of new commercial assets and the repayment of existing debt.
Shiprocket IPO
E-Commerce enablement platform Shiprocket is one of the most anticipated upcoming IPOs in May 2026. The company provides a tech-driven logistics and fulfilment platform for D2C brands and SME sellers across India. With the digital commerce ecosystem continuing to expand, Shiprocket has seen exponential growth in its shipping volumes. The IPO is will be a mix of a fresh and OFS (INR 2,342 crore).
Read Also: SEBI Upcoming IPO Pipeline
Pride Hotels IPO
Pride Hotels operates a mid-scale and upscale hotel chain, catering to both business and leisure segments. As domestic tourism and corporate travel see a steady rebound, the company is looking to capitalize on improving Average Room Rates (ARR) and occupancy levels. The IPO is expected to include a fresh issue component of INR 260 crore alongside an OFS of 3.92 crore shares. The capital will likely be utilized for refurbishing existing properties and expanding its footprint into emerging tourist circuits.
Duroflex IPO
Duroflex is a leading name in India’s mattress and sleep solutions industry. The company has moved beyond traditional mattresses into a full-stack sleep tech brand. The Duroflex IPO is structured as a fresh issue of INR 183.60 crore and an OFS of 2.26 crore shares. The funds is intended to be used for increasing manufacturing capacity and to increase its omni-channel distribution network.
Milky Mist IPO
India’s largest paneer manufacturer, Milky Mist, is ready to hit primary market soon with and estimated IPO size of INR 2,035 crore. Milky Mist is known for its high-quality value-added products like paneer, cheese, and yogurt. The company has built a formidable brand with a robust cold-chain infrastructure. Milky Mist plans to use the IPO proceeds to set up new processing units and expand its distribution reach into Northern and Western Indian markets.
Value 360 Communications IPO
In the SME segment, Value 360 Communications is expected to open on 4 to 6 May. As a prominent PR and integrated communications agency, the company serves a wide array of startups and established corporate houses. The IPO aims to provide the company with the capital needed for digital tool integration and potential acquisitions in the specialized marketing space. While smaller in size compared to the mainboard giants, it highlights the diversity of the IPOs coming in May 2026, offering a niche investment opportunity in the services sector.
Rajat Bhati has a strong technical background and 5 years of experience in the stock market. He focuses on equity research, technical analysis, IPO valuations, and risk management, helping investors make clearer, data-backed decisions. Today, he works full-time to educate people about the opportunities in IPO market.
