India’s primary markets are gearing up for a busy 2026 IPO season, with a host of large firms planning to tap public investors — potentially unlocking more than ₹1 lakh crore in market value once these listings hit the exchanges.
After 2025 saw one of the strongest showings in recent years, analysts and market trackers are forecasting continued momentum next year, with both established businesses and fast-growing startups moving closer to public offerings.
🔹 Reliance Jio
One of the most anticipated offerings is from Reliance Jio, which is expected to launch its IPO in early to mid-2026. The telecom and digital services arm of Reliance Industries could deliver one of the largest public listings in India’s history, drawing significant investor interest.
🔹 National Stock Exchange (NSE)
India’s largest stock exchange is also preparing for its long-awaited IPO. Years of regulatory and governance hurdles have now been largely cleared, and NSE is expected to move ahead with its market debut — a major event for capital markets.
🔹 PhonePe & Flipkart
Leading digital payments firm PhonePe and e-commerce giant Flipkart are reported to be moving toward public offerings as well, using confidential SEBI filings as they refine IPO details and structure.
🔹 Quick-commerce Leader Zepto
Fast-growing quick commerce startup Zepto has secured board approval for a substantial IPO, aiming to raise around ₹11,000 crore via a confidential SEBI filing. The draft prospectus has reportedly been submitted, with the listing slated for next year.
🔹 Other Notable IPO Candidates
A range of other companies have either filed or are expected to file for listings in 2026:
- OYO Hotels — seeking approval for a fresh issue
- boAt — consumer electronics brand updating its draft IPO filing
- Hero FinCorp — awaiting nod for public issue
- Clean Max Enviro Energy and Fractal Analytics — both have regulatory clearance to go public
- Additional smaller and mid-sized firms across industries are lining up for future IPOs.
🧠 In summary: The 2026 IPO calendar is shaping up to be one of the busiest India has seen — with telecom, fintech, e-commerce, exchanges, hospitality, and tech firms all preparing to raise capital from public investors. The combined issuance values are expected to unlock significant wealth and broaden investor choice across sectors.
Reference is taken from here