After a blockbuster year for India’s primary markets in 2025, investor focus has shifted to what lies ahead. Market participants are now tracking a strong pipeline of large and high-profile initial public offering (IPO) expected in 2026, which could shape the next phase of fundraising.
Coal India’s subsidiary Bharat Coking Coal (BCCL) is expected to launch a ₹1,300 crore IPO, mainly through an offer for sale. Reports suggest it could open as early as January, though there is no official confirmation yet.
Reliance Jio, the telecom and digital arm of Reliance Industries, is among the most awaited listings. The company is reportedly preparing its draft papers, with the IPO likely in the first half of 2026, subject to approvals and market conditions.
The NSE IPO continues to await regulatory clearance. While governance and compliance issues have largely been resolved, final approvals are still pending, keeping the listing timeline uncertain.
Digital payments major PhonePe has confidentially filed its DRHP with SEBI. While this allows flexibility on disclosures, the company has not yet announced the issue size or launch date.
E-commerce giant Flipkart has received approval to shift its domicile from Singapore to India, a key step toward a potential IPO. However, no formal listing plan has been announced yet.
Quick-commerce startup Zepto is reportedly preparing to file IPO papers through the confidential route. Details on timing and issue size remain undisclosed.
Hospitality firm OYO is seeking shareholder approval for a ₹6,650 crore IPO. The listing will depend on regulatory approvals and market conditions.
Consumer electronics brand boAt has filed an updated DRHP with SEBI for a ₹1,500 crore IPO, including fresh shares and an offer for sale.
Hero FinCorp, backed by the Hero Group, has filed papers for a ₹3,668 crore IPO and is awaiting SEBI approval.
Several other companies are also preparing for market debut:
These companies are now waiting for the right market conditions to launch their issues.
The 2026 IPO pipeline points to another strong year for India’s primary markets, with marquee names across telecom, fintech, e-commerce, finance, and energy. If market conditions remain supportive, the coming year could see over ₹1 lakh crore raised through IPOs, keeping investor interest high.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 24, 2025, 4:42 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
