Major Upcoming IPOs in 2026
2026 is shaping up to be massive for anyone investing in the Indian stock market. There are a number of major firms and start-ups with high growth prospects that intend to go public. Whether you're into legacy businesses or new-age startups, the variety's insane. If you are looking for clear, up-to-date ipo information, this guide will help you understand what is expected and who to watch.
Top Companies Expected to Go Public in 2026
1. Reliance Jio
Reliance Jio is reportedly planning one of the largest initial public offerings in India’s history, with estimates ranging between ₹30,000 crore and ₹52,000 crore. The IPO is expected in the first half of next year. Since it entered the telecom market in 2016, Jio has transformed the industry and now serves over 500 million users across India. The company’s expanding 5G rollout further strengthens its position as a key player in the digital and telecom ecosystem.
2. National Stock Exchange (NSE)
The NSE is India’s largest stock exchange and handles most of the equity and derivatives trading in the country. It also supports commodity trading and clearing services, which make it an essential part of India’s financial system. With a valuation of approximately ₹4.75 lakh crore, the IPO intends to sell about 10% of its shares, potentially raising ₹47,500 crore. Recent settlements with SEBI and management's attempts to increase compliance and openness indicate that clearance is near.
3. PhonePe
Walmart-backed PhonePe is expected to launch its initial public offering in early 2026 and is reportedly looking to raise around $1.2 billion - $1.5 billion. Beyond payments, PhonePe has been expanding into financial services such as insurance distribution, lending, and wealth management. The company has filed a confidential draft red herring prospectus and is targeting an estimated valuation of around $15 billion.
4. SBI Mutual Fund
SBI Funds Management is India's largest AMC, and they're targeting about $1.2 billion (₹10,000 crore roughly). Its leadership position is built on brand trust, a wide investor reach, and a diversified product lineup. SBI and Amundi will sell around 10% combined through an offer for sale. The $12 billion valuation they're aiming for should pull in institutional money big time.
5. Hero FinCorp
Hero FinCorp plans to raise ₹3,668.13 crore through its IPO, which includes ₹2,100.00 crores of fresh issue and ₹1,568.13 crores of offer for sale.They're focused on vehicle financing, personal loans, and housing loans, mainly in tier 2 and 3 towns where competition's less intense. As of March last year, they had ₹51,820.81 crore in AUM with the retail and MSME segments contributing 65.08% and 20.80%.
6. Flipkart
There has been talk of an IPO from Flipkart for quite a while, and 2026 is the next window. Walmart is still a majority owner, and the players have started the process of moving the structure back to India which is a necessary step before any listing. The estimated valuation of this IPOS is approx $60-70 billion.
7. Zepto
Zepto is a fast growing quick commerce company that promises delivery of groceries and essentials within minutes in major Indian cities. Zepto has approximately 900 dark stores and grossed USD 3 billion, or roughly ₹26,000 crore, as of September of current year. Zepto has submitted preliminary documents to market regulator Sebi in an effort to raise Rs 11,000 crore, which will include both OFS and fresh issue.
8. OYO
OYO is shooting for an $800 million raise in the year 2026. The firm is betting very heavily on tech to enhance customer experience and to help partner hotels function better. Innovations such as digital check-ins and collaboration with local businesses have allowed the brand to continue to thrive even during tough times for international travel.
9. Bharat Coking Coal (BCCL)
Bharat Coking Coal Limited, a subsidiary of Coal India, is expected to launch its IPO in January through an offer for sale. The issue size is estimated to be in the range of ₹1,300 to ₹1,500 crore, with Coal India planning to divest approximately 10 percent of its stake. BCCL is a key supplier of coking coal in India, with an estimated market share of 58.5 percent. The company plays a critical role in supplying raw material to India’s steel industry.
10. boAt (Imagine Marketing)
boAt, known for its range of audio accessories and smartwatches, has built a strong presence in India’s consumer electronics market. The company is expected to list in 2026 with a proposed IPO size of around ₹1,500 crore. As per the revised DRHP, the boAt IPO will comprise a fresh equity issue totaling ₹500 crore, along with an offer for sale of ₹1,000 crore by existing shareholders and promoters.
Conclusion
The IPO calendar of 2026 provides investors with a blend of already developed giants and startups with high growth. From telecom and fintech to ecommerce and mutual funds, there is something to watch for nearly every type of investor.
To participate in these upcoming offerings, keep an eye on official filings and timelines. You can open a free demat account online with Integrated, so you are ready to apply as soon as the IPOs go live. Staying prepared helps you take advantage of opportunities without missing a beat.