Upcoming IPOs 2026:

04, January 2026. By -Kaushik

The year 2026 is already being hailed by analysts as a “landmark era” for the Indian primary market. After a record-breaking 2025, the pipeline for 2026 is even more robust, with over 190 companies waiting to go public and a total fund-raising potential exceeding ₹2.5 lakh crore.

​1. Reliance Jio: The “Crown Jewel” of 2026
​Undoubtedly the most anticipated listing in Indian history, Reliance Jio Platforms is expected to launch its IPO in the first half of 2026. With a staggering valuation estimated between ₹11–12 lakh crore, this telecom and digital giant is set to redefine Dalal Street benchmarks. It isn’t just a mobile network anymore; it’s a digital ecosystem spanning fiber, cloud, and apps.
​2. National Stock Exchange (NSE)
​After years of regulatory hurdles and settling past SEBI cases, the NSE is finally clearing the decks. As the world’s largest derivatives exchange by volume, its listing is a “market institution” event. Investors are eagerly awaiting the formal DRHP filing, which is expected early this year.
​3. The Tech Giants: Flipkart, PhonePe, and Zepto
​The “Digital India” story continues to dominate the 2026 pipeline:
​Flipkart: Having shifted its domicile to India, the e-commerce leader is eyeing a $60–70 billion valuation.
​PhonePe: Targeting a $1.5 billion IPO, PhonePe is betting big on the maturity of India’s digital payment landscape.
​Zepto: The quick-commerce pioneer is preparing for a $450–500 million debut, focusing on its rapid path to profitability.
​4. Financial Powerhouses: SBI Mutual Fund & Hero FinCorp
​The financial sector remains a pillar of the IPO market. SBI Mutual Fund, the country’s largest asset manager, is planning a landmark listing. Meanwhile, Hero FinCorp has already secured SEBI’s green light for a ₹3,668 crore issue, aimed at boosting its capital base for future lending.
​5. New-Age AI & Infrastructure: Fractal Analytics & Gabion Tech
​Fractal Analytics: Leading the AI charge, this company plans to raise approximately ₹4,900 crore.
​Gabion Technologies: Taking the lead in the SME segment, Gabion opens for subscription on January 6, 2026, focusing on niche infrastructure like rockfall protection and geosynthetics.

Key Trends to Watch in 2026
​The Rise of SME IPOs: While mainboard IPOs grab headlines, the SME segment is seeing massive oversubscriptions (often 300x or more), offering high-risk, high-reward opportunities for retail investors.
​Sector Focus: Renewable energy (Clean Max Enviro), Artificial Intelligence, and specialized manufacturing are the “hot sectors” for 2026.
​Realistic Pricing: Unlike the “hype-driven” listings of previous years, 2026 is demanding “pricing for performance.” Companies are leaving more “money on the table” for investors to ensure successful long-term listings.

Important Dates for January 2026

Company Name Segment Open Date Close Date
Gabion Technologies India SME Jan 6, 2026 Jan 8, 2026
Yajur Fibres SME Jan 7, 2026 Jan 9, 2026
Victory Electric Vehicles SME Jan 7, 2026

Investor Checklist for 2026
​Before jumping into the IPO frenzy, always perform your due diligence:
​Read the DRHP: Look for how the company plans to use the proceeds.
​Check the GMP: Grey Market Premium can give a hint of market sentiment, though it isn’t a guarantee.
​Analyze Valuations: Compare the P/E ratio with listed peers to ensure you aren’t overpaying.

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.