The Indian primary market continues to attract strong investor interest as several companies prepare to go public in 2026. From fintech startups and quick commerce companies to manufacturing and financial services firms, the pipeline of upcoming IPOs is diverse and exciting.
For investors tracking opportunities in the primary market, keeping an eye on upcoming IPOs can help identify potential high growth companies before they start trading on stock exchanges.
In this detailed guide, we explore the upcoming IPOs in India in 2026, their expected timelines, and what investors should know before applying.
What Are Upcoming IPOs?
Upcoming IPOs refer to companies that plan to list their shares on stock exchanges such as NSE and BSE through an Initial Public Offering. In an IPO, a company sells shares to the public to raise capital for expansion, debt repayment, or other business purposes.
Companies typically file a Draft Red Herring Prospectus with the Securities and Exchange Board of India before launching the issue. After regulatory approvals, they announce IPO dates, price bands, and lot sizes.
Tracking upcoming IPOs allows investors to analyze new investment opportunities before they get listed in the stock market.
Upcoming IPOs in India 2026
India’s IPO pipeline for 2026 is expected to remain strong with companies across fintech, quick commerce, hospitality, financial services, and manufacturing sectors preparing for listings. Reports suggest that over 190 companies may tap the primary market in 2026 to raise more than Rs 2.5 lakh crore collectively.
Below is a list of some of the most talked about upcoming IPOs expected in 2026.
Major Upcoming IPOs in 2026
Reliance Jio IPO
One of the most anticipated upcoming IPOs is from the telecom giant Reliance Jio. Investors are closely watching this listing as it could unlock significant value for the telecom and digital services business.
PhonePe IPO
Digital payments leader PhonePe is preparing for a public listing with a valuation estimated between $9 billion and $10.5 billion. The fintech platform plans to raise around $1 billion through the IPO.
SBI Mutual Fund IPO
SBI Funds Management is expected to launch one of the largest asset management IPOs in India. The company manages assets worth over Rs 16 lakh crore and could raise around $1.2 billion through the listing.
Hero FinCorp IPO
Hero FinCorp, the financial services arm of the Hero Group, is planning an IPO worth approximately Rs 3,668 crore that will include a fresh issue and an offer for sale.
OYO IPO
Hospitality platform OYO is planning another attempt at a public listing after improving its profitability and achieving multiple quarters of EBITDA positive performance.
Zepto IPO
Quick commerce startup Zepto is also preparing for a public issue expected between July and September 2026, aiming to raise thousands of crores for expansion.
boAt IPO
Consumer electronics brand boAt is expected to raise between $300 million and $500 million through its IPO, making it one of the most awaited consumer tech listings.
Navi Technologies IPO
Founded by Sachin Bansal, Navi Technologies operates in digital lending, insurance, and financial services and is targeting a listing in FY26.
Polymatech Electronics IPO
India’s first opto semiconductor chip manufacturer is expected to launch a major IPO of around Rs 10,000 crore in 2026.
Bharat Coking Coal IPO
Coal India subsidiary Bharat Coking Coal may launch a public issue through an offer for sale to raise around Rs 1,300 crore.
Upcoming IPOs Opening Soon in March 2026
Apart from large upcoming IPOs, several companies are already scheduled to open their IPO subscriptions in March 2026.
SEDEMAC Mechatronics IPO
Open Date: March 4, 2026
Close Date: March 6, 2026
Price Band: ₹1,287 to ₹1,352
Elfin Agro India IPO
Open Date: March 5, 2026
Close Date: March 9, 2026
Price: ₹47 per share
Srinibas Pradhan Constructions IPO
Open Date: March 6, 2026
Close Date: March 10, 2026
Price Band: ₹91 to ₹98
Rajputana Stainless IPO
Open Date: March 9, 2026
Close Date: March 11, 2026
Price Band: ₹116 to ₹122 (Angel One)
These IPOs include both mainboard and SME listings and offer investors opportunities across multiple sectors.
Why Investors Track Upcoming IPOs
Upcoming IPOs often attract significant interest from retail and institutional investors because they provide early access to growing businesses.
Some reasons investors track upcoming IPOs include
Opportunity to invest early in emerging companies
Potential listing gains
Portfolio diversification
Exposure to new sectors and business models
However, it is important to analyze the company’s financials, valuation, and growth prospects before investing.
Key Factors to Check Before Applying for Upcoming IPOs
Investing in upcoming IPOs should involve careful evaluation. Investors should consider the following factors before applying.
Business model and industry growth
Financial performance and profitability
IPO valuation and price band
Purpose of the IPO proceeds
Promoter background and corporate governance
Conducting proper research or consulting an investment advisory can help investors make more informed decisions.
Role of Investment Advisory in IPO Investing
Many investors rely on investment advisory services to analyze upcoming IPOs. Professional advisors study company fundamentals, industry outlook, and valuation metrics to help investors identify quality IPO opportunities.
A good investment advisory can help investors
Understand IPO risks and opportunities
Evaluate financial statements and growth prospects
Make informed application decisions
Align IPO investments with long term financial goals
This can be especially useful for new investors who are exploring the primary market for the first time.
Final Thoughts
The year 2026 could become another landmark year for India’s primary market as several high profile companies prepare to go public. With fintech, quick commerce, manufacturing, and financial services companies lining up their listings, the pipeline of upcoming IPOs looks strong.
For investors, tracking upcoming IPOs can open doors to exciting investment opportunities. However, careful research and disciplined investing remain essential to maximize long term returns.
If you are planning to invest in upcoming IPOs, make sure you analyze company fundamentals, valuations, and industry prospects before applying.
FAQs on Upcoming IPOs
1. What are upcoming IPOs?
Upcoming IPOs are companies that are planning to launch their Initial Public Offerings and list their shares on stock exchanges in the near future.
2. How can I check upcoming IPOs in India?
You can track upcoming IPOs through stock exchange websites, financial news portals, and investment advisory platforms.
3. Are upcoming IPOs a good investment?
Upcoming IPOs can offer opportunities, but investors should evaluate company fundamentals and valuations before investing.
4. How do I apply for upcoming IPOs?
You can apply for upcoming IPOs through your demat account using ASBA via your bank or trading platform.
5. What is the minimum investment in IPOs?
The minimum investment depends on the lot size and price band announced for the IPO.
6. What is IPO allotment?
IPO allotment refers to the process through which shares are allocated to investors who applied for the issue.
7. What is listing day in IPOs?
Listing day is when the shares of a company start trading on stock exchanges after the IPO.
8. Can retail investors apply for upcoming IPOs?
Yes, retail investors can apply for IPOs through their demat accounts.
9. What is a mainboard IPO?
A mainboard IPO is a public issue where the company lists on major exchanges like NSE and BSE.
10. What is an SME IPO?
An SME IPO is an offering by small and medium enterprises that list on SME platforms of stock exchanges.
11. What is the role of SEBI in IPOs?
SEBI regulates IPOs in India and ensures companies comply with disclosure and investor protection norms.
12. What documents are needed to apply for IPOs?
You need a demat account, PAN card, bank account, and trading account.
13. What happens if IPO is oversubscribed?
If an IPO is oversubscribed, shares are allotted through a lottery or proportional allocation.
14. What is the grey market premium in IPOs?
Grey market premium refers to the unofficial price at which IPO shares trade before listing.
15. How long does IPO allotment take?
IPO allotment typically happens within 3 to 5 days after the issue closes.
16. Can IPO prices change after filing?
Yes, companies can revise the price band before the IPO opens.
17. What are offer for sale shares in IPOs?
Offer for sale refers to existing shareholders selling their shares during the IPO.
18. Can IPO shares fall after listing?
Yes, IPO shares can rise or fall depending on market sentiment and company performance.
19. What are the risks of investing in upcoming IPOs?
Risks include overvaluation, weak financial performance, and market volatility.
20. Should beginners invest in upcoming IPOs?
Beginners can invest in IPOs but should conduct proper research or consult an investment advisory before applying.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
Jaspreet Singh Arora is the Chief Investment Officer at Equentis, where he heads a seasoned team of equity analysts and turns two decades of market experience into portfolios that consistently beat the benchmark. A go-to voice on cement, building-materials, real-estate, and construction stocks, Jaspreet previously ran research desks at leading brokerages, honing an eye for the metrics that truly move share prices. His plain-spoken analysis helps investors cut through noise and act with conviction. When he’s not deep-diving into earnings calls, you’ll find him unwinding over sports, weekend cricket or a good history podcast.
