Indian Startup IPO Tracker (May 1 Onward)-Who Filed and What It Means

From May 1, 2026 onward, the biggest startup-linked IPO action remained around fintech lender OnEMI Technology Solutions (Kissht), while broader market data suggested a selective primary market environment. This is important because IPO cycles don’t move in one straight line. Some weeks are filing-heavy (new DRHPs), while others are conversion-heavy (anchor allocation, subscription progress, and listing milestones). For investors, both phases matter.

What Happened This Week (May 1, 2026 Onward)

The clearest startup IPO development in this window was Kissht (OnEMI Technology Solutions). The issue had already opened on April 30, but from May 1 onward it remained one of the most tracked startup public offers, with anchor participation and subscription updates continuing through the window.

Key points widely reported:

• IPO size around ₹926 crore
• Anchor raise of roughly ₹278 crore before issue open
• Offer window run till May 5, 2026
• Mix of fresh issue and offer for sale structure

So, while this is not a “new filing on May 1” story, it is very much a live startup IPO market event during this week. At the same time, market coverage around upcoming IPO calendars showed that primary markets are active but selective. In practical terms, that means companies with stronger fundamentals and clearer investor narratives are getting more traction than those relying only on growth buzz.

Did Any Major New Startup IPO Filing Happen This Week?

In this weekly window, I did not find a widely confirmed, any startup’s DRHP filings. The week’s stronger signal was progress on ongoing issues (like OnEMI/Kissht), not multiple fresh startup names entering filing stage.

This is not a negative sign for this week but many other startups are in pipeline to file the papers for IPO.

Upcoming IPOs in This Month

Here is a list of upcoming IPOs, for some of the companies papers are submitted and some are in the process.

1. Value 360 Communications (SME)

Value 360 Communications is an SME public issue in the integrated communications and brand strategy space, positioned as a growth capital raise for business expansion.

2. Milky Mist

It has completed a ₹482 crore pre-IPO round recently. Strong institutional pre-listing signal, indicating IPO readiness is advancing. Milky Mist is currently in pre-IPO mode after a significant institutional funding round, indicating listing preparation rather than an active subscription window

3. Shiprocket

Shiprocket remains a pipeline company after confidential and updated draft filing activity, with timing dependent on market and regulatory readiness

4. Pride Hotels

Pride Hotels is at the DRHP documentation stage and is expected to move ahead once the next procedural milestones are completed

5. Duroflex

Duroflex has already crossed an important regulatory checkpoint and now awaits final issue scheduling

6. Bagmane Prime Office REIT

Bagmane Prime Office REIT is a large-ticket public offer that is shaping near-term primary market sentiment.

7. Recode Studios (SME)

Live SME IPO participant in early-May calendar. Represents continued activity in smaller-cap public market fundraising. Recode Studios is part of the active SME fundraising wave in May.

8. Simca Advertising (SME)

Upcoming in the same month as per IPO calendars. Another small-cap name to watch for listing sentiment in the SME segment.

In short, the Indian Startup IPO Tracker for May 1 onward says: the market is open, but selective. Quality and structure matter more than headline count. For investors, this is a better environment for disciplined decisions.