Upcoming IPO 2026 — How to Track and Evaluate New IPO Listings
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.
Team Sahi
Tracking upcoming IPO listings in India helps investors plan ahead for new public offerings. An upcoming IPO refers to a company that has filed its draft red herring prospectus (DRHP) with SEBI and is preparing to open its public issue for subscription. In 2026, several large and mid-size companies are expected to list on NSE and BSE across sectors, including technology, consumer, financial services, and energy.
IPO Calendar 2026 — Pipeline Companies
As of March 2026, the following companies are among those expected to file or open their IPOs during the year. Several have filed confidential DRHPs with SEBI, while others are still awaiting regulatory approvals. Dates and price bands remain to be announced for most.
| Company | Sector | Expected Issue Size | Type | DRHP Status | DRHP Link |
|---|---|---|---|---|---|
| InCred Holdings | Fintech / NBFC | ₹4,000–5,500 Cr | Mainboard | SEBI Approved (Feb 2026) | Confidential filing |
| Hero FinCorp | NBFC | ₹3,668 Cr | Mainboard | SEBI Approved | View DRHP (SEBI) |
| OYO (Oravel Stays / PRISM) | Travel Tech / Hospitality | ₹6,650 Cr | Mainboard | Confidential DRHP filed (Dec 2025) | - |
| PhonePe | Fintech / Payments | ₹12,000–15,000 Cr (est.) | Mainboard | Confidential DRHP filed | Not public yet |
| Zepto | Quick Commerce | TBD | Mainboard | Confidential DRHP filed | Not public yet |
| Reliance Jio | Telecom | ₹40,000+ Cr (est.) | Mainboard | Not yet filed | — |
| NSE (National Stock Exchange) | Financial Exchange | ₹47,500 Cr (est.) | Mainboard | Awaiting regulatory clearance | — |
| Flipkart | E-commerce | $60–70B valuation (est.) | Mainboard | NCLT approval pending | — |
| Haldiram's Snacks Foods | Consumer FMCG | TBD | Mainboard | Filing expected | — |
| CarDekho | Auto Marketplace / Tech | TBD | Mainboard | Filing expected | — |
Note: DRHP links are sourced from SEBI's official filings portal. Many large companies file confidential DRHPs, which are not made public until SEBI grants observations. Issue sizes are estimates and subject to change. Always verify details at sebi.gov.in before investing. (TBD-To Be Decided)
What Is a DRHP?
A Draft Red Herring Prospectus (DRHP) is the preliminary document a company files with SEBI before going public. It contains details about the company's business, financials, risks, and the structure of the IPO — including whether the issue involves fresh shares (money going to the company) or an Offer for Sale (OFS, where existing shareholders sell). SEBI reviews the DRHP and may request clarifications before issuing its observations, after which the company can proceed with a final Red Herring Prospectus (RHP) and open the IPO for subscription.
How to Apply for an IPO in India
Retail investors can apply for IPOs through the ASBA (Application Supported by Blocked Amount) facility available on most bank portals and stockbroker platforms. The application amount is blocked in your bank account and only debited upon allotment. UPI-based applications (up to ₹5 lakh per application) are also supported for retail investors through most brokers.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered investment advisor before making investment decisions.