US IPO Tracker
Upcoming and recent US IPOs with an Indian investor lens — how to access via LRS, estimated post-TCS cost, and currency impact on returns. Data from SEC EDGAR S-1 filings (open, updated continuously).
How to invest in US IPOs from India
Vested Finance, Stockal, INDmoney, or Interactive Brokers India all allow IPO applications. Vested supports most US IPOs directly.
Up to $250K/year under RBI's Liberalised Remittance Scheme. TCS of 20% applies above ₹7L cumulative — reclaim in your ITR. LRS calculator →
US IPO allotment is broker-dependent. Retail allocations are limited. Many investors prefer buying on listing day + 1 after the first-day pop settles.
Upcoming US IPOs
| Company | Sector | Exchange | Raise (USD) | Price range | Expected | S-1 |
|---|---|---|---|---|---|---|
| INNIO Holding GmbH | — | — | — | — | TBA | S-1 |
| AI STRATEGY INC. | — | — | — | — | TBA | S-1 |
| GSR V Acquisition Corp. | — | — | — | — | TBA | S-1 |
| Vernal Capital Acquisition Corp. | — | — | — | — | TBA | S-1 |
| Keystone Acquisition Corp. | — | — | — | — | TBA | S-1 |
| Voyager Acquisition Corp. II | — | — | — | — | TBA | S-1 |
| ARC Group Acquisition I Corp. | — | — | — | — | TBA | S-1 |
| Innovative Digital Investors Acquisition Corp. | — | — | — | — | TBA | S-1 |
| K2 Capital Acquisition II Corp. | — | — | — | — | TBA | S-1 |
| Iron Dome Acquisition I Corp. | — | — | — | — | TBA | S-1 |
| Harbour Island Acquisition Corp. I | — | — | — | — | TBA | S-1 |
| Allarity Acquisition Corp. | — | — | — | — | TBA | S-1 |
| Graf Industrial Corp. II | — | — | — | — | TBA | S-1 |
| RainRock Acquisition Corp. | — | — | — | — | TBA | S-1 |
| JATT III Acquisition Corp | — | — | — | — | TBA | S-1 |
| Maywood Acquisition Corp. 2 | — | — | — | — | TBA | S-1 |
| GigCapital10 Corp. | — | — | — | — | TBA | S-1 |
| Aperture AC | — | — | — | — | TBA | S-1 |
| ARC Group Acquisition II Corp. | — | — | — | — | TBA | S-1 |
| Quantum Leap Acquisition Corp | — | — | — | — | TBA | S-1 |
| RRE Ventures Acquisition Corp. | — | — | — | — | TBA | S-1 |
| Peace Acquisition Corp. | — | — | — | — | TBA | S-1 |
| SUMA Acquisition Corp | — | — | — | — | TBA | S-1 |
| Live Oak Acquisition Corp. VI | — | — | — | — | TBA | S-1 |
| New Iceland Arctic Acquisition Corp. | — | — | — | — | TBA | S-1 |
| Football Manager SPAC Inc. | — | — | — | — | TBA | S-1 |
| FutureCore Acquisition Corp | — | — | — | — | TBA | S-1 |
| Columbus Circle Capital Corp III | — | — | — | — | TBA | S-1 |
| Jones Ventures INTL Acquisition1 Corp | — | — | — | — | TBA | S-1 |
| Collective Acquisition Corp. II | — | — | — | — | TBA | S-1 |
Recently filed S-1s (last 90 days)
Indian investor context
What makes US IPOs attractive for Indians?
Access to companies (AI infrastructure, biotech, SaaS) with no Indian equivalent. US IPO first-day returns average +15-20% historically (though 2022 saw negative average). The real edge is long-term holding in USD with rupee depreciation tailwind.
The real cost
TCS reclaim takes 6-12 months (until ITR filing + refund). Forex conversion fees at bank (0.5-2%). Brokerage on US platform ($0 at Vested, $1-5 elsewhere). For IPO allotments, add platform fee. Total real cost on ₹5L investment: roughly ₹8,000-15,000 one-way.
Tax on exit
US capital gains: India taxes at 12.5% LTCG (after 24 months) or slab rate (under 24 months). US has no capital gains tax for non-resident investors. DTAA prevents double taxation. Use our USD returns calculator to model post-tax returns.