Top Indian IPOs to Watch in 2026: From Tech Unicorns to Market Giants
10, January 2026. By -Kaushik
The Indian primary market is entering a blockbuster phase in 2026. After a massive surge in retail participation over the last two years, the “IPO Season” is no longer just a trend—it’s a wealth-creation phenomenon. From high-tech SaaS platforms to massive public sector undertakings (PSUs), the 2026 IPO pipeline is packed with opportunities for both seasoned investors and stock market beginners.
If you are looking to park your capital in the next big market debut, here is your comprehensive guide to the current and upcoming IPOs for 2026.
Current IPOs: What’s Open Right Now (January 2026)
The first month of 2026 has already hit the ground running with some high-interest issues. If you have your Demat account ready, here are the companies currently or recently inviting bids:
Bharat Coking Coal Ltd (BCCL): This is the “big one” for PSU lovers. A subsidiary of Coal India, BCCL is offering shares in the price band of ₹21–₹23. With a total issue size of ₹1,071 crore, it is a value play for those looking at the energy and mining sector.
Amagi Media Labs: A global leader in cloud-based SaaS for the media industry. This tech unicorn is set to open on January 13, 2026, with a price band of ₹343–₹361. It aims to raise nearly ₹1,789 crore.
SME Segment Hits: Several smaller but high-growth companies like Yajur Fibres and Victory Electric Vehicles have also opened their doors this month, showing strong demand in the SME (Small and Medium Enterprises) exchange.
The “Big Five” Most Anticipated IPOs of 2026
While January is busy, the real “market movers” are expected later in the year. These five companies are predicted to break records in terms of subscription numbers and market capitalization.
1. Reliance Jio Platforms
Potentially the largest IPO in Indian history, Reliance Jio is expected to hit the markets in H1 2026. With a valuation estimated between $130 billion and $170 billion, this listing isn’t just a telecom play; it’s a bet on India’s entire digital ecosystem—from 5G to JioCinema.
2. National Stock Exchange (NSE)
After years of regulatory hurdles, the NSE IPO is finally expected to debut in 2026. As the world’s largest derivatives exchange by volume, its listing will be a landmark event for the financial services sector.
3. PhonePe
The Walmart-backed payments giant has already filed its confidential papers. Eyeing a valuation of roughly ₹1.1–1.3 lakh crore, PhonePe is moving beyond UPI into insurance, lending, and wealth management, making it a favorite for long-term tech investors.
4. Zepto
The quick-commerce race is heating up. Zepto, the 10-minute delivery specialist, is planning to raise up to ₹11,000 crore in the latter half of 2026. Investors are watching closely to see if its path to profitability matches its rapid growth.
5. OYO (Oravel Stays)
After a few previous attempts, OYO has reported improved financials and a return to profitability. Its 2026 IPO is expected to be a major test for the Indian hospitality and travel-tech sector.
Upcoming IPO List 2026: At a Glance
Company Name Estimated Size (Cr) Sector
Hero FinCorp ₹3,668 Finance
Flipkart TBD E-commerce
boAt (Imagine Marketing) ₹1,500 Consumer Electronics
SBI Mutual Fund TBD Asset Management
Fractal Analytics TBD
How to Prepare for 2026 IPOs
The “grey market premium” (GMP) for many of these stocks is already buzzing. To increase your chances of allotment in these high-demand issues, keep these tips in mind:
Multiple Applications: Apply from different Demat accounts belonging to family members to increase your statistical odds.
Avoid Last-Minute Bidding: Try to apply on Day 1 or Day 2 to avoid technical glitches on the final day of the subscription.
Read the DRHP: Always check the “Risk Factors” section in the Draft Red Herring Prospectus (DRHP) to understand what could go wrong before you invest.
Disclaimer :
This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred.
