IPO frenzy: Issues to create dhamaka in 2026; NSE, Reliance Jio, PhonePe and which ones?
The IPO rush reached a peak in 2025 with as many as 104 mainboard IPO listings. The frenzy is supposed to continue in 2026 with several mega issues lined up to make the splash. Investors are preparing for a wave of big issues keeping Dalal Street busy. let's check the bigger ones.
Kolkata: In 2025 the Indian stock market created history by recording more than 100 listings. The total listings of mainboard IPOs is going to touch 104 in this calendar year. So far a whopping Rs 1.75 lakh crore has been raised by these public issues. The rush is going to continue unabated in 2026 when already a line-up of big IPOs have been announced. Global brokerages such as Morgan Stanley have predicted Sensex to reach 107,000 in a bull-case scenario, aided by tailwinds of better valuations, robust domestic investments, a probable Indo-US bilateral trade deal, favourable macro-economic conditions etc.
Big Bang IPOs in 2026
Reliance Jio: Reliance Industries chairman Mukesh Ambani has said that the Jio IPO is set for the first half of 2026. Needless to say it will be one of the most eagerly awaited developments on Dalal Street and given Ambani's penchant for creating big noise, the size of the issue could be a jaw dropper.
NSE: National Stock Exchange of India, or NSE, could claim the world record for keeping investors waiting for the longest period -- about a decade -- for its public issue. According to NSE authorities and Sebi chairman Tuhin Kanta Pandey, the capital markets regulator could issue its NOC (no objection certificate) in the first half of 2026. NSE claims to have solved a few governance issues that Sebi had objected to. Activity in the grey market has ben heating up for a few months in anticipation of this issue.
PhonePe: This Walmart-backed digital payments firm has filed its draft red herring prospectus through the confidential route. Therefore, no details are available yet but it could be assumed that the issue will hit D Street in the coming year.
SBI Mutual Fund: The country's largest AMC by AUM will float a public issue in 2026, SBI chairman C S Setty has told the media. About 10% of the stake of the two shareholders -- one of which is SBI -- is discussing the appointment of a lead manager to guide the IPO. If the recently listed ICICI Pru AMC IPO is any indication, it coudl unleash frenzy among investors.
Oyo: The parent company of OYO, Oravel Stays, intends to raise Rs 6,650 crore through an IPO and is seeking the approval of shareholders. The dates, therefore, are yet to be indicated.
Boat IPO: Imagine Marketing, which is the parent company of consumer electronics brand boAt, has submitted an updated DRHP to raise Rs 1,500 crore IPO. The timeline is yet to be announced. The IPO will have both fresh shares and an OFS part.
Zepto: Quick commerce major Zepto is preparing to file its DHRP with the capital market regulator through the confidential route, reports indicate.
Hero FinCorp: Hero FinCorp, the NBFC arm of the Hero group, has filed a DRHP to mobilise Rs 3,668 crore through an IPO. The company is waiting for the nod of the market regulator.
Bharat Coking Coal: This is a subsidiary of Coal India and it intends to raise Rs 1,300 crore largely through an offer for sale. Reports indicate that the issue could hit the market in January.
Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.