The Upcoming IPO Landscape in India for 2026

Strong IPO pipelines can shape wealth creation for years. As 2026 approaches, India is preparing for a new wave of public listings from fast-growing companies across sectors. Investors are watching these offers to seek growth, diversify portfolios, and enter businesses early.

India's IPO in 2026 looks set to be an absolute blockbuster, with a massive pipeline of ₹2.5 lakh crore from more than 190 companies gearing up to hit the market. Right from January, we've got Hero FinCorp leading the pack alongside four others, collectively worth a whopping ₹17,800 crore, ready to list soon. Experts are buzzing about the strong growth fuelled by these giant issuances, but it'll all come down to how market valuations play out in the end.

This guide highlights key themes shaping upcoming IPOs in 2026, what to review in draft red herring prospectuses, and how to prepare before the subscription window opens. You will also learn how broker selection, pricing, and allotment rules affect your final cost and returns. If you plan to invest, open a reliable account early and compare brokers for research tools, charges, and seamless IPO applications in India today.

Key Upcoming IPOs:

India’s capital markets continue to grow as more companies prepare to list and raise funds from public investors. We anticipate several upcoming IPOs in 2026, spanning sectors including finance, manufacturing, renewable energy, technology platforms, logistics, and consumer goods. A steady pipeline reflects business expansion and deeper investor participation in the country.

The IPO pipeline is filled with major companies from the tech, finance, and traditional sectors. Reliance Jio is preparing for a massive IPO that could reach a valuation of ₹11-12 lakh crore, making it easily the largest in India's history. Then there's the National Stock Exchange (NSE), finally going public after ages, with institutions showing a huge interest over its market grip. PhonePe, the fintech powerhouse, is targeting ₹11,000–12,000 crore at around a $15 billion tag. You've also got fresh consumer plays like Flipkart, OYO, boAt, and Zepto all gunning for a combined ₹50,000 crore slice. Don't sleep on Hero FinCorp either—₹3,668 crore backed by the solid Hero Group name.

January 2026 Highlights:

Early-year action includes SME and mainboard offerings amid high activity. Bharat Coking Coal is conducting a ₹1,300 crore Offer for Sale (OFS) as a subsidiary of Coal India. GRE Renew Enertech, Amagi Media Labs, and Narmadesh Brass are opening in mid-January with sizes up to ₹1,788 crore.

2025 vs. 2026 Comparison:

Aspect	2025 Actuals	2026 Expectations
Total Fundraising	₹1.95 lakh crore (373 IPOs)	₹2.5-6 lakh crore pipeline
Mainboard Issues	103-106, ₹1.75-1.83 lakh crore	190+ companies, mega-deals dominant
SME Issues	270, ₹11,430 crore	Continued growth, higher absorption
Avg. Size	Mainboard ~₹1,579 crore	Larger, avg. ₹1,605 crore trend
Listing Gains	Median 3.8%, SME 12%	Selective, 10% avg. expected
Key Sectors	Financials (26.6%), consumer	Fintech, quick commerce, tech

How to apply for an IPO?

Open a free demat account with Zerodha or Angel One to apply for IPOs without any charges, track timely grey market premiums (GMP) and live subscription updates on finnpick.com, and just WhatsApp them for any IPO queries.