Did you cash in big during 2025’s IPO frenzy, or did you miss out while everyone else made their listing gains? Doesn’t matter now, keep your funds close, because 2026 is shaping up to be the year of the Mega-IPO.
Over 190 companies are lining up, ready to unlock a record ₹2.5 lakh crore. The Indian primary market isn’t just chasing quick wins anymore. We’re talking about a marathon of major players.
Let’s get right to it. Based on size, buzz, and market impact, here are the top 10 IPOs you simply can’t ignore in 2026.
Reliance Jio: The record breaker
Jio leads the pack. India’s telecom giant is gearing up for an early 2026 debut, shooting for a massive ₹12 lakh crore valuation. A 2.5% share sale could mean a ₹30,000 crore IPO, one of the biggest India’s ever seen.
National Stock Exchange (NSE): The market’s beating heart
Investors have waited years for this one. NSE’s long-anticipated listing might finally hit in 2026, possibly valuing the exchange at over ₹5 lakh crore.
If you want a stake in India’s financial hub, this is your shot.
Flipkart: The homegrown heavyweight
Flipkart, now owned by Walmart, is planning a huge domestic listing, aiming for up to ₹6 lakh crore in valuation. This isn’t just another IPO, it’s a milestone for India’s tech and e-commerce sector.
PhonePe: The fintech leader
Since breaking away from Flipkart in 2023, PhonePe has quietly filed its draft papers.
The company’s aiming to raise around ₹13,500 crore, with a valuation topping ₹1.35 lakh crore. This one will test how much the market loves pure digital payments.
Zepto: The fast mover
Zepto is the youngest name here, but don’t underestimate them. They’ve filed with SEBI to raise ₹11,000 crore, all while racing for dominance in 10-minute deliveries.
If you want a shot at the hottest “growth” stock in quick commerce, keep your eyes here.
The disruptors and heavy hitters
SBI Mutual Fund: India’s biggest asset manager wants to raise ₹10,000 crore early in the year. This one’s going to draw huge institutional attention.
OYO: The travel-tech player is back with a sharper focus, targeting a ₹6,650 crore launch and a listing in the first half of 2026.
Hero FinCorp: The Hero Group’s NBFC arm plans to raise ₹3,668 crore to power its retail lending ambitions.
boAt (Imagine Marketing): The top lifestyle electronics brand, boAt is ready to go public in 2026, looking to build on its market dominance.
Navi Technologies: Sachin Bansal’s fintech venture wraps up the list, set to bring its digital lending and insurance platform to the market.
Looking Ahead: Pick Strategy Over FOMO
As 2026 approaches, the days of chasing anything that lists for a quick gain are fading fast. Almost half of last year’s IPOs are now trading below their issue price. The lesson? Big size doesn’t mean lasting value. Winning in this ₹2.5 lakh crore wave means backing companies with real profits and solid business models.
Whether you’re drawn to Jio’s scale or Zepto’s speed, the smartest investors will dig deeper than the headlines and focus on long-term fundamentals.
