Summary
India’s IPO market is slowly getting back its momentum after a volatile first half of 2026. Big names like Reliance Jio, National Stock Exchange, Zepto, SBI Mutual Fund, and Razorpay are now preparing for their much-awaited IPO launches.
After months of market uncertainty, companies are once again looking confident about listing on the stock market. Experts believe the second half of 2026 could become one of the biggest IPO seasons India has seen in recent years.
Top 5 Upcoming IPOs in 2026
1. Reliance Jio IPO
The IPO of Reliance Jio is easily one of the biggest market events investors are waiting for in 2026. The company has reportedly filed its draft papers with SEBI and could raise nearly ₹37,000 crore through the public issue.
Jio has transformed India’s telecom and digital market over the last few years. From mobile services to digital apps and broadband, the company has built a massive ecosystem.
Market experts believe a separate listing may unlock huge value for investors and give Jio its own independent market valuation.
Why investors are excited
- Strong brand value
- Huge customer base
- Backing of Reliance Group
- Rapid digital expansion
2. National Stock Exchange IPO
The NSE IPO has been awaited for years. Now, the company has finally moved ahead by filing its DRHP with SEBI.
The IPO size is expected to be around ₹30,000 crore, making it one of India’s largest public offerings.
Since NSE operates the country’s largest stock exchange platform, investor interest is naturally very high.
Key highlights
- Dominant position in stock market trading
- Strong financial performance
- High investor trust
- Long-awaited public listing
Many analysts believe the NSE IPO could become one of the most subscribed issues of the year.
3. Zepto IPO
Quick commerce startup Zepto is preparing to raise around ₹8,010 crore through its IPO.
The company has seen rapid growth in India’s grocery delivery segment and is competing aggressively with major players in the market.
Unlike traditional startups, Zepto is trying to show investors a path toward profitability while continuing expansion.
Why Zepto IPO is creating buzz
- Fast-growing quick commerce sector
- Strong urban customer demand
- Expanding delivery network
- Startup growth potential
Many young investors are closely tracking this IPO because of the rising popularity of instant delivery services in India.
4. SBI Mutual Fund IPO
SBI Mutual Fund has already received SEBI approval for its IPO and may soon enter the primary market.
Being part of the SBI financial ecosystem gives the company a strong trust factor among retail investors.
India’s mutual fund industry has grown rapidly over the last few years, especially with increasing SIP participation from small investors.
Major strengths
- Strong brand credibility
- Large investor base
- Growing mutual fund industry
- Backing of SBI Group
Experts believe this IPO could attract long-term investors looking for stable financial businesses.
5. Razorpay IPO
Fintech giant Razorpay is also preparing for its IPO and may raise around $500–600 million.
The company has become one of India’s leading payment and business banking platforms, serving startups, businesses, and online merchants.
With India’s digital payments market growing rapidly, Razorpay’s public issue is expected to receive strong attention from technology-focused investors.
Reasons investors are watching Razorpay
- Strong fintech growth story
- Digital payments expansion
- Large merchant network
- Growing online business ecosystem
Why IPO Activity Is Rising Again in 2026
The first half of 2026 remained weak because of global tensions, rising oil prices, and market volatility. However, conditions have started improving in recent months.
Here are the biggest reasons companies are launching IPOs now:
Market sentiment is improving
Stock markets have shown recovery after geopolitical tensions eased globally.
Large IPO backlog
Many companies delayed their IPO plans earlier and are now moving forward together.
Strong retail investor participation
India continues to see rising participation from retail investors and SIP investors.
Better valuation opportunities
Companies want to take advantage of improved market conditions and investor optimism.
Final Thoughts
The second half of 2026 could become a major turning point for India’s IPO market. From telecom and finance to fintech and quick commerce, companies from multiple sectors are preparing to go public.
For investors, these IPOs may offer exciting opportunities, but proper research and risk analysis remain important before investing in any public issue.
As always, investors should focus on company fundamentals, valuation, business model, and long-term growth potential instead of market hype alone.
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Disclaimer
This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult financial professionals before making any investment decisions.