The Indian primary market witnessed the strong pipeline visibility in Fy26 and as we are going to enter in FY27, we can expect the same momentum. After a relatively strong March in terms of IPO (not in terms of returns 😁), April could also show strong market pace.
Market sentiments remained weak throughout March, and GMP figures also remained lacklustre. You can gauge the extent of this situation from the fact that out of the 9 IPOs listed in March 2026, the retail quota remained undersubscribed in 8. In this article, we break down the list of expected upcoming IPOs in April 2026, along with IPO approvals lapsing in April.
List of Upcoming IPOs in April 2026
Below is the list of IPOs expected in April 2026:
Pride Hotels IPO
Pride Hotels operates a chain of mid-scale and upscale hotels across key Indian cities, catering to business and leisure travellers. The company benefits from rising domestic tourism and improving occupancy levels. The IPO is expected to include a mix of fresh issue (INR 260 crore) and offer for sale (3.92 crore shares).
Juniper Green Energy IPO: Most Awaited in Upcoming IPOs in April 2026
Juniper Green Energy is a renewable energy platform with a diversified portfolio of solar, wind, and hybrid assets. The company operates in the fast-growing clean energy space with long-term PPAs ensuring revenue visibility. The IPO is largely a fresh issue of around INR 3,000 crore.
Milky Mist IPO
Milky Mist is a leading dairy products company specialising in value-added offerings such as cheese, paneer, and yoghurt. The company has built a strong brand and distribution network, particularly in South India. The IPO is likely to comprise both fresh issue of (~INR 1,785 cr) and OFS of INR 250 crore.
Kent RO IPO
Kent RO is a well-known player in India’s water purification segment, offering RO, UV, and gravity-based solutions. The company has a strong brand recall and an extensive distribution network. Kent RO IPO is entirely an OFS of 1.01 crore shares.
Allchem Lifescience IPO
Allchem Lifescience operates in the specialty chemicals and pharmaceutical intermediates, focusing on high-value niche chemistries. The company serves both domestic and export markets, benefiting from China+1 opportunities. The IPO is expected to be a mix of fresh issue of (INR 190 crore) and OFS of 71.55 lakh shares.
Curefoods India IPO
Curefoods India is a cloud kitchen and digital-first food services platform managing multiple brands across cuisines. The company operates on an asset-light, scalable model driven by online food delivery platforms. The IPO is an INR 800 crore fresh issue alongside OFS of 4.85 crore shares.
Duroflex IPO: Duroflex is a prominent player in India’s mattress and sleep solutions industry, focusing on premium and branded offerings. The company benefits from rising consumer awareness around sleep health and premiumization trends. Duroflex IPO is fresh + OFS issue, fresh issue accounts for INR 183.60 crore while the OFS part consists of 2.26 crore shares.
Propshare Celestia SM REIT IPO: Propshare Celestia SM REIT is a small and medium REIT, offering investors fractional ownership in income-generating commercial real estate assets. The vehicle focuses on stable rental yield properties, making it attractive for income-seeking investors. The IPO is going to open on 10 April, and it is an INR 244.65 crore issue.
IPO Approval Lapsing in April 2026
Alongside the active IPO pipeline, four companies are facing a critical deadline. If they fail to launch their IPOs within April 2026, their SEBI approvals will lapse — forcing them to restart the entire IPO process.
- Continuum Green Energy – Continuum is a renewable energy company, filed DRHP on 16 December 2024; received SEBI approval is set to expire on 15 April 2026.
- Veritas Finance – Veritas Finance is a MSME-focused NBFC, filed DRHP on 21 January 2025; secured SEBI approval on 29 April 2025, expiring on 29 April 2026.
- Jajoo Rashmi Refractories – Jajoo Rashmi is a refractory products manufacturer, filed DRHP on 27 December 2024; got IPO approval is expiring on 30 April 2026.
- Ajay Poly – Polymer and packaging solutions firm, filed DRHP on 1 January 2025; received SEBI approval on 30 April 2025, set to lapse on 30 April 2026.
Note: Typically, SEBI IPO approvals remain valid for one year from the date of approval. Missing this window means companies must undergo the entire regulatory cycle again, impacting timelines and costs.
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.
