10 Upcoming IPOs with Shareholder Quota in 2026

Getting an IPO allotment can be difficult, especially when an issue gets a lot of attention. In some popular mainboard IPOs, the retail category can be subscribed hundreds of times, which means most investors may not get any shares.

There is another option that many investors may not know about: the shareholder quota. When a listed company brings one of its subsidiaries to the stock market through an IPO, a part of the issue may be reserved for shareholders of the parent company. Since fewer investors are eligible for this category, the chances of getting an allotment can be better than in the regular retail category. You can also apply in both categories at the same time.

In most cases, holding just one share of the eligible parent company before the record date is enough to qualify. Here are 10 upcoming IPOs in 2026 that are expected to have a shareholder reservation, along with the parent company shares you need to hold.

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What Is a Shareholder Quota in an IPO?

When a listed company brings its subsidiary to the stock market through an IPO, SEBI allows a part of the issue to be reserved for existing shareholders of the parent company. This is known as the shareholder reservation or shareholder quota.

How Does the Shareholder Quota Work?

• You generally need to hold at least one share of the parent company in your Demat account on or before the official record date.
• The record date is the date used to decide which shareholders are eligible for the reserved category. Always check the official IPO documents for the exact date and eligibility rules.
• If you are eligible, you can usually apply in both the shareholder category and the retail category, giving you two separate opportunities for allotment.
• The shareholder category can have better allotment chances than the retail category because the number of eligible applicants is usually lower.

10 Upcoming IPOs with Shareholder Quota: Full List

To qualify for the shareholder quota, you need to hold at least one share of the parent company in your Demat account on or before the IPO's official record date.

Note: Shareholder quota details will be confirmed after the DRHP or RHP for each IPO is filed. Eligibility rules and record dates can be different for each IPO.

IPO-Wise Shareholder Eligibility Breakdown

1. Reliance Jio IPO - Shareholder Quota

Parent Company: Reliance Industries Ltd. (RELIANCE)

Reliance Jio is one of the most awaited IPOs in India. Reliance Industries shareholders are expected to get a reservation in the Jio IPO, similar to the shareholder benefit seen during the Jio Financial Services demerger. Jio Platforms filed its DRHP on June 19, 2026. If the IPO sees strong demand from retail investors, holding Reliance shares for the shareholder quota could be a useful advantage.

2 and 3. Mahanadi Coalfields (MCL) and South Eastern Coalfields (SECL)

Parent Company: Coal India Ltd. (COALINDIA)

Coal India is planning to list multiple subsidiaries. The board has given in-principle approval to sell up to a 25% stake each in MCL and SECL. Holding Coal India shares could make you eligible for the shareholder quota in both IPOs, subject to the final eligibility rules and record dates.

4. Hero FinCorp IPO - Shareholder Quota

Parent Company: Hero MotoCorp Ltd. (HEROMOTOCO)

Hero FinCorp is the financial services arm of Hero MotoCorp. The company has been in talks about an IPO for some time. Existing Hero MotoCorp shareholders are expected to get shareholder reservation benefits.

5. Greaves Electric Mobility IPO - Shareholder Quota

Parent Company: Greaves Cotton Ltd. (GREAVESCOT)

Greaves Electric Mobility is the EV subsidiary of Greaves Cotton. With strong interest in electric vehicle companies, the shareholder quota could attract less competition than the general retail category, although this will depend on the final number of eligible investors.

6. EAAA India Alternatives IPO - Shareholder Quota

Parent Company: Edelweiss Financial Services (EDELWEISS)

EAAA India Alternatives is the alternatives asset management business of Edelweiss. Shareholders of Edelweiss Financial Services are expected to receive shareholder reservation benefits.

7. Belstar Microfinance IPO - Shareholder Quota

Parent Company: Muthoot Finance Ltd. (MUTHOOTFIN)

Belstar Microfinance is a subsidiary of Muthoot Finance. Muthoot Finance shareholders who hold shares on the record date are expected to be eligible for the shareholder quota.

8. Asirvad Micro Finance IPO - Shareholder Quota

Parent Company: Manappuram Finance Ltd. (MANAPPURAM)

Asirvad Micro Finance is backed by Manappuram Finance. The company had previously filed a DRHP, making it one of the IPO candidates that is closer to the listing stage.

9. HDFC ERGO IPO - Shareholder Quota

Parent Company: HDFC Bank Ltd. (HDFC)

HDFC ERGO is a subsidiary of HDFC Bank. HDFC Bank shareholders who hold shares on the record date are expected to be eligible for the shareholder quota.

10. Prestige Hospitality Ventures IPO - Shareholder Quota

Parent Company: Prestige Estates Projects Ltd. (PRESTIGE)

Prestige Hospitality Ventures is the hospitality business of the Prestige Group. Prestige Estates shareholders are expected to receive shareholder reservation benefits when the IPO comes to the market.

Coal India Shareholders: Double Benefit from a Single Holding

If you hold Coal India shares before the relevant record dates, you could be eligible for the shareholder quota in three separate IPOs: MCL and SECL. This makes Coal India one of the key parent companies to watch for the upcoming 2026 IPOs.

How to Apply in the Shareholder Quota Category

Applying under the shareholder category is similar to applying for a regular IPO. The only extra step is selecting the shareholder category while applying.

Important Tip: You can also submit a separate application under the regular Retail category using the same Demat account and PAN. Both applications are considered separately for allotment, which can improve your overall chance of getting an allotment.

Key Things to Remember

• You must hold the shares before the record date. Buying them when you submit the IPO application is not enough.
• The official record date is usually announced when the Red Herring Prospectus (RHP) is filed.
• Shares held in any Demat account linked to your PAN can be used to meet the eligibility requirement.
• Usually, holding just one share is enough, but always check the exact requirement in the IPO prospectus.
• The shareholder category may follow proportion-based allotment or a lottery, depending on how much it is oversubscribed.
• Not every subsidiary IPO offers a shareholder quota. Check the DRHP filed with SEBI to confirm whether the quota is available.

Frequently Asked Questions