Upcoming IPO This Month In India: February 2026 Mini IPO Season Is Here

If you are tracking the upcoming IPO this month in India, then February 2026 is not a boring month at all. In fact, many investors on Dalal Street are calling it a mini IPO season. From renewable energy to IVF services to diamond jewellery, the mix looks quite interesting this time.

Retail investors are active. SME IPOs are opening back to back. Mainboard IPOs are also lined up in the second half of the month. But hype is one thing. Smart decision is another thing. In this article, I will break down all the key February 2026 IPOs, what the grey market premium is indicating, and what investors on X are actually saying.

Key Takeaways

• February 2026 has a mix of SME and mainboard IPOs.
• Clean energy, IVF healthcare, jewellery and textiles are key sectors.
• GMP is positive but not crazy high for most issues.
• Retail participation remains strong in SME IPOs.
• Bigger mainboard IPOs like Clean Max Enviro are getting maximum attention.
• Always check RHP and official exchanges before applying.

February 2026 Upcoming IPO List At A Glance

Here is a quick table so you can see all important IPO details in one place.

Company Name	Type	Open Dates	Issue Size	Price Band	Retail Portion	Listing Tentative
Fractal Industries Ltd	SME (BSE)	16–18 Feb	₹49 Cr	₹205–216	NA	24 Feb
Yashhtej Industries Ltd	SME (BSE)	18–20 Feb	₹88.88 Cr	₹110 (Fixed)	NA	25 Feb
Gaudium IVF & Women Health Ltd	Mainboard	20–24 Feb	₹150–165 Cr	TBA	35%	27 Feb
Clean Max Enviro Energy Solutions Ltd	Mainboard	23–25 Feb	₹3,100 Cr	₹1,000–1,053	35%	Late Feb
Shree Ram Twistex Ltd	Mainboard	23–25 Feb	₹110 Cr	TBA	10%	2 March
PNGS Reva Diamond Jewellery Ltd	Mainboard	24–26 Feb	₹380 Cr	₹367–386	10%	4 March

Now let us break them down one by one.

Also Read: Ray Dalio New World Order: Is The World Really Entering Stage 6 Of The Big Cycle?

Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions Ltd

This is easily the biggest IPO of the month with an issue size of around ₹3,100 crore. Price band is expected between ₹1,000 to ₹1,053. Retail portion is 35 percent which is decent.

On X, many users are saying All eyes on Clean Max Enviro. The renewable energy theme is strong. Government push for green energy is also in focus. GMP is around ₹45 which is roughly 4.3 percent premium. It shows mild optimism. Not frenzy. But positive mood.

Investors who like long term energy transition stories are watching this IPO closely. But remember, large issue size also means heavy supply.

Gaudium IVF & Women Health Ltd

Gaudium IVF & Women Health Ltd

This IPO is being discussed as one of the first fertility services focused public issues in India. Issue size is around ₹150 to ₹165 crore. Retail quota is 35 percent.

Healthcare plus niche IVF space makes it unique. On X, people are curious because this sector is not common in listed space. Some investors are excited about the growth of fertility clinics in urban India.

But healthcare IPOs need careful reading of financials and expansion plans. Growth story should be backed by numbers.

PNGS Reva Diamond Jewellery Ltd

PNGS Reva Diamond Jewellery Ltd

Price band is ₹367 to ₹386. Issue size is ₹380 crore fresh issue. Retail portion is 10 percent.

Grey market premium is around ₹20 which is about 5.2 percent. That is slightly better than some other IPOs this month.

Jewellery sector IPOs usually attract festive demand based investors. On social media, sentiment is positive but practical. No crazy oversubscription expectations yet.

Shree Ram Twistex Ltd

Shree Ram Twistex Ltd

Issue size is around ₹110 crore. Retail portion is just 10 percent.

Textile sector is cyclical. Many investors on X are not giving it as much hype as renewable or jewellery. Still, textile exports and domestic demand can be a theme if margins improve.

This looks more like a selective investor play rather than mass retail rush.

SME IPO Activity Is Still Strong

Two SME IPOs are already active this month.

Fractal Industries Ltd with issue size ₹49 crore and Yashhtej Industries Ltd with ₹88.88 crore are part of this steady SME pipeline.

Yashhtej Industries Ltd focuses on soybean related products. SME investors are known for chasing listing gains. On X, some traders are discussing quick exit strategies.

But SME IPOs come with lower liquidity and higher volatility. So risk is higher.

Public Opinion On X About February 2026 IPOs

Let us talk about real mood.

Many posts describe February as mini IPO season. There is excitement around mainboard names. Especially Clean Max Enviro and PNGS Reva.

Some users say primary market momentum continues. Others mention blockbuster IPO season loading. But at the same time, a few are warning about overall market volatility.

GMP numbers are positive but not very high. That shows cautious optimism. Retail investors are active. But not blindly applying everywhere.

There is also long term buzz around big names in pipeline like Reliance Jio, NSE and PhonePe for 2026. That anticipation is adding overall excitement to the IPO market.

What Competitor Articles Are Missing

Most competitor pages are just listing IPO names with open date and IPO doc link. That is not enough.

Here is what serious investors actually need:

1. Sector wise breakdown
2. GMP sentiment analysis
3. Retail quota comparison
4. Public opinion summary
5. Risk factors like market volatility
6. SME vs Mainboard difference

Without this context, it becomes just a list. Not analysis.

SME Vs Mainboard IPO Difference

Factor	SME IPO	Mainboard IPO
Investment Size	Smaller	Larger
Liquidity	Lower	Higher
Risk	Higher	Moderate
Retail Hype	Short term	Both short & long term
Listing Gains	Can be sharp	Usually stable

Retail investors often go for SME IPOs for quick gains. Mainboard IPOs attract both short term and long term investors.

Final Thoughts On Upcoming IPO This Month In India

February 2026 is clearly active. Renewable energy, fertility healthcare, jewellery and textiles are leading sectors.

Clean Max Enviro is the biggest IPO. PNGS Reva has decent GMP. Gaudium IVF brings a new theme. SME IPOs are continuing momentum.

But remember one thing. IPO investment is not guaranteed profit. Always read RHP. Check financials. Understand valuations. Apply through your broker only after proper research.

Mini IPO season looks exciting. But smart investing always beats emotional investing.

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