Upcoming IPO 2026: After a record-breaking run in 2025, India’s primary market is gearing up for another blockbuster year in 2026. Market experts believe the new year could witness one of the strongest IPO cycles ever, with several high-profile companies planning to enter the stock market. Big names such as Reliance Jio, NSE, Flipkart, PhonePe, OYO, and boAt are among the companies that could launch their initial public offerings, making 2026 a crucial year for investors.
According to market estimates, more than 190 companies are either approved or waiting for regulatory clearance, with total fundraising potential exceeding ₹2.5 lakh crore. This signals strong investor confidence and sustained momentum in India’s equity markets.
Over 190 Companies in the IPO Pipeline
Data from Prime Database shows that 84 companies have already received approval from SEBI to launch their IPOs. These firms are collectively looking to raise around ₹1.14 lakh crore. In addition, 108 companies are awaiting SEBI’s clearance, aiming to mobilise nearly ₹1.46 lakh crore.
Together, these figures suggest that India’s IPO market could raise well over ₹2.5 lakh crore, indicating that the robust listing trend seen in recent years is likely to continue well into 2026.
Reliance Jio IPO: Potentially India’s Biggest Ever
The Reliance Jio IPO is expected to be one of the most talked-about public issues in Indian market history. According to Bloomberg reports, investment bankers are valuing Jio Platforms at up to $170 billion. Reliance Industries Chairman Mukesh Ambani has earlier hinted that the listing could take place in the first half of 2026. If it materialises, this IPO could redefine the scale of public offerings in India.
NSE IPO: Long-Awaited Listing May Finally Happen
The National Stock Exchange (NSE) IPO has been awaited for years and remains a hot topic among investors. Recently, SEBI Chairman Tuhin Kanta Pandey expressed confidence that the delayed share sale will move forward. Currently, NSE’s unlisted shares are trading at around ₹1,950, reflecting strong demand ahead of a potential listing.
Hero FinCorp IPO
Hero FinCorp, the financial services arm of the Hero Group, plans to launch an IPO comprising a ₹2,100 crore fresh issue along with an offer for sale (OFS) of ₹1,568 crore. With its focus on retail and MSME lending, the company is expected to attract strong interest amid rising investor appetite for financial sector listings.
Flipkart IPO: One Step Closer to Indian Listing
E-commerce giant Flipkart has moved closer to its IPO plans after the NCLT approved the merger of its eight units in December. This restructuring is seen as a key step toward shifting its domicile to India, which could pave the way for a domestic listing in 2026.
PhonePe IPO
Bengaluru-based digital payments major PhonePe has already filed a confidential DRHP with SEBI. Reports suggest the company aims to raise around $1.5 billion (approximately ₹12,000 crore) through a mix of fresh issue and OFS. PhonePe’s IPO is expected to be one of the largest fintech listings in India.
Zepto IPO
Quick-commerce startup Zepto is also preparing to enter the markets. As per Bloomberg, the company may soon file IPO papers in Mumbai to raise about $500 million. The proceeds are likely to be used for expansion, strengthening supply chains, and scaling operations across major cities.
OYO IPO
Hospitality major OYO has been planning an IPO for a long time. According to PTI reports, the company may file its DRHP soon, targeting a valuation of $7–8 billion. While earlier attempts were delayed due to technical and market-related challenges, 2026 could finally see OYO’s long-awaited listing.
boAt IPO
Wearables and audio brand boAt, through its parent company Imagine Marketing Services, has already received regulatory approval for an IPO worth around ₹1,500 crore. The listing is expected in the early months of 2026 and could attract strong retail interest given the brand’s popularity.
SBI Mutual Fund IPO
SBI Mutual Fund has begun the process of appointing merchant bankers and other service providers for its IPO. According to PTI, the boards of SBI, Amundi, and SBI Funds Management Ltd have approved a 12-month timeline, making a 2026 listing highly likely.
What This Means for Investors
With several marquee names lining up, 2026 could be a landmark year for IPO investors. However, experts advise investors to carefully evaluate company fundamentals, valuations, and market conditions before investing, as not every large IPO guarantees returns.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Market investments are subject to risks. Readers are advised to consult certified financial advisors before making any investment decisions.
