Upcoming IPO 2026 — Complete List and How to Track New IPO Listings in India
Track upcoming IPOs in India for 2026. Find how to read an IPO prospectus, apply via ASBA, check allotment, and monitor listing status on NSE and BSE.
An upcoming IPO (Initial Public Offering) refers to a company that has filed or is expected to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and plans to list its shares on NSE or BSE for public trading. India's IPO pipeline for 2026 includes companies across fintech, quick commerce, telecom, and consumer sectors, with several high-profile filings already receiving SEBI observations. All IPO filings, timelines, and allotment processes in India are regulated by SEBI under the ICDR (Issue of Capital and Disclosure Requirements) Regulations.
Upcoming IPO 2026 — Complete List and How to Track New IPO Listings in India
The upcoming IPO pipeline for 2026 in India features several high-profile companies across sectors including fintech, quick commerce, telecom, and consumer goods. Tracking upcoming Initial Public Offerings (IPOs) helps investors stay informed about new listing opportunities on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This guide covers the major expected IPOs, how the IPO process works in India, and how to apply.
Major Upcoming IPOs Expected in 2026
Several companies have filed or are expected to file their Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for public listing in 2026. The following table summarises key expected offerings based on publicly available DRHP filings and reported estimates.
| Company | Sector | Estimated Issue Size | SEBI Status |
|---|---|---|---|
| InCred Holdings | Fintech / NBFC | INR 4,000–5,500 Cr | SEBI approved (Feb 2026) |
| Hero FinCorp | NBFC | INR 3,668 Cr | SEBI approved |
| OYO (Oravel Stays) | Travel Tech | INR 6,650 Cr | Confidential DRHP filed (Dec 2025) |
| PhonePe | Fintech / Payments | INR 12,000–15,000 Cr (estimated) | Not yet filed |
| Zepto | Quick Commerce | TBD | Expected filing 2026 |
| Reliance Jio | Telecom | INR 40,000+ Cr (estimated) | Not yet filed |
| NSE (National Stock Exchange) | Financial Exchange | INR 47,500 Cr (estimated) | Pending regulatory clearances |
| Flipkart | E-commerce | USD 60–70B valuation (estimated) | Expected filing |
| Haldiram's Snack Foods | Consumer FMCG | TBD | Filing expected |
| CarDekho | Auto Marketplace | TBD | Filing expected |
Note: Issue sizes are estimates based on media reports and publicly filed DRHPs. Actual issue sizes are confirmed only in the final prospectus filed before subscription opens.
How the IPO Process Works in India
The IPO process in India follows a structured regulatory path overseen by SEBI under the Issue of Capital and Disclosure Requirements (ICDR) Regulations. A company begins by filing a DRHP with SEBI, which contains business details, financial statements, risk factors, and the proposed IPO structure. SEBI reviews the DRHP and issues observations, after which the company files the final Red Herring Prospectus (RHP) and opens the subscription window.
What Is a DRHP?
A Draft Red Herring Prospectus (DRHP) is the preliminary document a company files with SEBI before going public. The DRHP contains the company's financial history, business model, risk disclosures, and proposed use of IPO proceeds. SEBI reviews DRHPs for regulatory compliance and investor protection. All DRHPs filed with SEBI are publicly available on the SEBI website.
Mainboard IPO vs SME IPO
Mainboard IPOs involve larger companies listing on the primary boards of NSE or BSE. These typically have higher issue sizes and stricter eligibility criteria set by SEBI. Small and Medium Enterprise (SME) IPOs are for smaller companies listing on NSE Emerge or BSE SME platforms. SME IPOs have lower minimum application amounts and different lot size structures compared to mainboard offerings.
How to Apply for an Upcoming IPO
Retail investors in India can apply for IPOs through the Application Supported by Blocked Amount (ASBA) process. Under ASBA, the application amount is blocked in the investor's bank account and debited only upon share allotment. Unified Payments Interface (UPI)-based applications are available for retail applications up to INR 5 lakh. Investors need a demat account linked to their PAN and bank account to participate in IPO applications.
Where to Track Upcoming IPOs
SEBI's official website publishes all filed DRHPs and their observation status. NSE and BSE publish active and upcoming IPO details on their respective websites. Investors can also track IPO timelines, subscription status, and allotment dates through their broker platforms and registered stock exchange portals.
IPO Allotment and Listing
After the subscription window closes, the registrar processes applications and conducts allotment based on SEBI guidelines. Oversubscribed categories use a lottery system for retail investors. Allotment status is published on the registrar's website, typically within six working days of the issue closing. Listing on NSE and BSE occurs on the date specified in the prospectus, usually within six working days of allotment.