India’s IPO pipeline for 2026 is the most consequential in the market’s history. From Reliance Jio — which would instantly rank among the largest public offerings globally — to consumer internet giants PhonePe, Flipkart, and Zepto, the queue of mainboard listings waiting to hit Dalal Street spans fintech, energy, healthcare, food, and infrastructure. Here is the full list of upcoming IPOs investors need to track.
The marquee names
Reliance Jio’s IPO, if it proceeds, would be a generational market event. The telecom and digital services giant serves over 450 million subscribers and has transformed India’s internet economy. A listing would give retail and institutional investors direct access to one of India’s most profitable and strategically significant businesses.
Flipkart and PhonePe — both formerly under Walmart’s umbrella — represent two of India’s largest consumer internet plays. Flipkart competes directly with Amazon for India’s e-commerce crown, while PhonePe has emerged as the dominant UPI payments platform with ambitions across insurance, lending, and wealth management. Zepto, the quick commerce darling that has grown at extraordinary speed, is also in the upcoming queue — its listing would give public market investors their first direct bet on India’s 10-minute delivery economy.
Fintech and financial services
Moneyview, the personal finance and lending platform targeting underserved borrowers, is among the most anticipated fintech listings. InCred Holdings brings a diversified financial services play, while Truhome Finance and Hero Fincorp address the housing and consumer lending segments respectively. Arohan Financial rounds out the financial inclusion angle, serving low-income and rural borrowers.
Healthcare and wellness
Manipal Health Enterprises — one of India’s largest hospital networks with a pan-India presence — is a major healthcare listing to watch. PharmEasy, the online pharmacy and diagnostics platform, has had a complicated journey to public markets but remains in the pipeline. Cult.fit, spanning fitness centres, nutrition, and digital health, and VLCC, the wellness and beauty chain, bring consumer health plays to the queue. Allchem Lifescience adds a pharma manufacturing angle.
Energy and infrastructure
Juniper Green Energy and Hero Future Energies bring renewable energy exposure — both are significant players in India’s solar and wind buildout. Bajaj Energy operates in the thermal power segment. These listings arrive as India’s energy transition accelerates and institutional appetite for clean energy assets grows.
Consumer and food
Haldiram’s Snacks Foods is perhaps the most awaited consumer brand listing in years. The snacks giant has built one of India’s most recognisable food brands across domestic and international markets. Milky Mist, the dairy products company, and Curefoods — which operates EatFit and other cloud kitchen brands — add food and QSR exposure. FabIndia, the ethnic lifestyle retail brand, has been in the pipeline for several years and commands strong brand equity among urban consumers.
Auto and mobility
CarDekho, the automotive marketplace, and Droom, the used vehicle platform, bring digital auto retail to the public markets. Hero Motors, separate from the Hero MotoCorp two-wheeler business, covers the components and mobility solutions segment.
Tech and platforms
Servify, the device protection and after-sales services platform, and boAt, the homegrown consumer electronics and audio brand, are two of the most consumer-facing tech listings in the queue. Snapdeal, the value e-commerce platform, has been attempting a listing for several years. OYO, the hospitality tech company, is also in the upcoming list alongside Prestige Hospitality, which brings a premium hotel and real estate play.
The institutional landmark: NSE
The National Stock Exchange’s own IPO — one of the longest-running regulatory sagas in Indian capital markets — remains in the upcoming list. An NSE listing would be simultaneously the most symbolic and structurally significant offering in the pipeline, putting the exchange that processes the bulk of India’s equity and derivatives volumes into the hands of public shareholders. SBI Mutual Fund’s listing would similarly be a landmark, giving investors direct exposure to India’s largest asset manager by AUM.
This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.