India’s primary market is warming up for another busy year. After a record-setting 2025, the pipeline of upcoming IPOs heading into 2026 with several familiar consumer and digital brands lining up. From telecom and payments platform to ecommerce and exchanges, the upcoming calendar indicates that the next phase of listings may be driven more by scale and visibility than by sector-specific trends.
What stands out is the variety. Payments apps, online retailers, stock exchanges, hospitality platforms and consumer electronics brands are all expected to explore listings in 2026. While timelines remain fluid and regulatory approvals are still awaited, Let’s take a look at the IPOs expected to open in 2026, the issues set to open next week (Dec 29-Jan 2), upcoming listings, and more –
Big-ticket IPOs expected in 2026
Reliance Jio IPO: Reliance Jio‘s public listing is expected to be one of the largest market events in India. Mukesh Ambani had earlier indicated that a listing could happen in the first half of 2026, though the company has not officially confirmed a date or structure yet.
Flipkart IPO: Flipkart has moved a step closer to a potential listing after the National Company Law Tribunal approved the merger of multiple group entities. This restructuring is aimed at shifting its domicile to India, a move widely seen as preparation for an IPO. However, as of now, there is no official confirmation on when Flipkart may hit the markets.
NSE IPO: The National Stock Exchange of India continues to wait for regulatory clearances for its long-delayed IPO. Although several governance and compliance issues have been resolved, approvals from market regulators are still pending. The timeline of the issue is yet to be announced officially.
PhonePe IPO: The company has filed its draft papers with SEBI confidentially. The Walmart-backed payments firm has not announced the size or timing of the issue.
Zepto IPO: Quick-commerce startup Zepto is also expected to file IPO papers through the confidential route, according to reports. The company has not announced any official details regarding pricing, issue size or timeline so far.
OYO IPO: Oravel Stays, which runs the OYO hospitality platform, is seeking shareholder approval for a fresh public issue. The company has not announced a listing date yet.
boAt IPO: Imagine Marketing, the parent company of boAt, has filed updated draft papers with SEBI. The IPO is expected to include fresh shares and an offer for sale. The company has not announced the official timeline yet.
Hero FinCorp IPO: Hero FinCorp has filed its draft papers for a public issue and is awaiting regulatory approval.
Other IPOs waiting in the wings
Beyond these names, several companies have already secured regulatory approvals and are now waiting for the right market window. Fractal Analytics and Clean Max Enviro Energy have received SEBI’s nod for their proposed IPOs, while SBI Mutual Fund and Prestige Hospitality Ventures are also expected to explore listings in 2026.
IPOs opening next week: December 29, 2025 to January 2, 2026
While 2026 promises a crowded pipeline, the immediate calendar looks relatively quiet. There are no new mainboard IPOs opening next week, but activity continues in the SME space.
Modern Diagnostic & Research Centre: The company is set to open its IPO on December 31, 2025. The diagnostic chain plans to raise funds through a fresh issue of equity shares. The offer will remain open until January 2, 2026.
IPO listings next week: What to track
Gujarat Kidney is scheduled to list on the mainboard on December 30.
EPW India, Shyam Dhani Industries and Sundrex Oil Co are set to debut on the NSE SME platform on December 30, 2025. Dachepalli Publishers will alo list on the BSE SME on the same day.
Dhara Rail Projects will list on NSE SME on December 31.
Nanta Tech, Admach Systems, Bai Kakaji Polymers and Apollo Techno Industries are scheduled to list on BSE SME on December 31.
E to E Transportation Infrastructure will conclude the week’s listings with its NSE SME debut on January 2, 2026.