These ten eagerly anticipated initial public offerings (IPOs) in 2026 include Reliance JIO, NSE, and Flipkart. View the complete list here.

According to Prime Database, 84 businesses have been approved by market regulator Sebi and intend to raise a total of around ₹1.14 lakh crore.

India's primary market is poised to begin 2026 with one of the biggest IPOs in the works, following a record-breaking IPO wave in 2025.

"A robust 2025 and changing market dynamics into 2026 will transform India's equity fund-raising ecosystem as it enters a critical era. Despite disagreements over valuation and inconsistent post-listing results, there has been a lot of activity this year in IPOs, QIPs, rights issues, and other capital-raising channels. According to Akshay Gupta, Director of Prime Securities, "India's primary markets are becoming more efficient and globally competitive as regulatory reforms streamline timelines and expand access to capital."

According to Prime Database, 84 businesses intend to raise over ₹1.14 lakh crore altogether after receiving approval from market regulator Sebi. In the meantime, 108 more companies seeking to raise ₹1.46 lakh crore are awaiting Sebi's approval.

Over 190 firms have been approved or are in the process of being approved, indicating a potential fundraising pool of more than ₹2.5 lakh crore. The IPO cycle is expected to remain strong well into 2026 thanks to this excellent pipeline visibility.

In terms of sectoral leadership and the caliber of issuers using public markets, 2026 is anticipated to test the breadth and maturity of the equity markets. The upcoming year could completely change how capital is raised, priced, and used, from cutting-edge internet companies to well-established legacy players, Gupta continued.

These are the top ten IPOs to keep an eye on in 2026.

IPO of Reliance Jio
The initial public offering (IPO) of Reliance Jio may be one of the biggest in Indian market history. Investment bankers are proposing a valuation of high to $170 billion for Jio Platforms, according to a Bloomberg article. Mukesh Ambani had stated in August that the listing might occur in the first half of 2026.

IPO on the NSE
The much awaited NSE IPO has created a lot of excitement among investors. Tuhin Kanta Pandey, the head of Sebi, expressed optimism last month that the long-delayed share sale will ultimately "see the light of day." The unlisted shares of the NSE are now selling at about ₹1,950 apiece.

IPO of Flipkart
The merger of eight Flipkart firms was allowed by the National Company Law Tribunal (NCLT) on December 18, bringing the e-commerce giant one step closer to obtaining an Indian domicile before a potential public listing.

PhonePe IPO
According to sources, the digital payments platform PhonePe, based in Bengaluru, submitted a confidential Draft Red Herring Prospectus (DRHP) to the markets regulator SEBI in October. The company intends to use both a new issuance and an Offer for Sale (OFS) by current shareholders to raise approximately $1.5 billion (roughly ₹12,000 crore).

IPO of Zepto
Zepto, a grocery delivery business, is preparing to file for a $500 million initial public offering in Mumbai, possibly as early as next week, according to a Bloomberg story. With the money intended to assist its expansion aspirations, the quick-commerce platform's initial public offering (IPO) is probably going to consist of a combination of new share issues and secondary stake sales by existing investors.

According to the Oyo IPO PTI report, the business intends to submit its DRHP in November with a $7–8 billion valuation goal.

boAT IPO
Its parent company, Imagine Marketing Services, was given regulatory approval to undertake an IPO of about ₹1,500 crore in October 2025.

IPO of CarDekho
CarDekho, run by Girnar Software Pvt. Ltd., had intended to submit its IPO filings in early 2025, but those plans have now been postponed, according to a VCCircle article.

IPO of Hero FinCorp
The offering consists of an offer for sale (OFS) of ₹1,568 crore by current shareholders and a new issue of ₹2,100 crore. Strong demand in the retail and MSME-focused lender is anticipated, bolstered by the overall increase in financial services listings.

IPO of SBI Mutual Funds
SBI Mutual Fund has started the process of selecting merchant bankers and other service providers for its planned initial public offering (IPO), according to a PTI report. According to SBI Chairman C. S. Setty, the boards of all relevant shareholders, including Amundi and SBI along with the board of SBI Funds Management Ltd (SBIFML), have given approval for a 12-month timeline.