As we track the upcoming IPO pipeline for 2026, we are sharing only those updates that are supported by filings, regulatory steps, or credible primary reporting. Timelines may change based on approvals and market conditions.
1) Companies with confirmed filing or approval progress
PhonePe
PhonePe has filed for an IPO using SEBI’s confidential filing route. Reuters also reported the company is targeting a mid-2026 listing, subject to process and approvals.
Zepto
Zepto has filed confidentially for an IPO of about ₹110 billion (around $1.22 billion), as reported by Reuters.
Fractal Analytics
Reuters reported Fractal has received SEBI approval for an IPO targeting about ₹49 billion, and described it as India’s first AI-focused IPO.
Hero FinCorp
Hero FinCorp’s DRHP is available on SEBI’s filings portal, confirming a formal filing milestone.
2) Large, widely tracked names where preparation is reported, but timing depends on approvals
Reliance Jio Platforms
Reuters quoted Reliance chairman Mukesh Ambani stating plans to list Jio by mid-2026, subject to regulatory clearances.
NSE (National Stock Exchange)
Reuters reported that NSE has been working through regulatory matters and settlement processes, a key step before an IPO can proceed.
Flipkart
Reuters reported Flipkart plans to shift its holding company back to India from Singapore, aligning with its longer-term intention to pursue an India listing.
Important note for investors
Any “total IPO fundraising” number being circulated for 2026 should be treated as an estimate. For practical tracking, the most reliable indicators remain SEBI filings/approvals and official company disclosures.
5 Likes
Many people are focusing on Ola’s fall, but the real story is the broader IPO basket. Economic Times flagged that 100+ newly listed stocks have destroyed wealth, and a large set of 2025–26 IPOs are still below issue. In this environment, the market is not rewarding “new listing” hype. It is rewarding earnings visibility, reasonable pricing, and strong delivery after listing.
Trader approach right now: treat recent IPOs like high-beta trades, not long-term holds, unless the stock builds a base above key levels with consistent volumes and improving quarterly numbers.
So,
- This is not an EV-only story
When multiple sectors show similar post-listing drawdowns, it points to market liquidity and sentiment rather than one company’s execution alone.
- Primary market hangover
After a record IPO year in 2025, the tone in 2026 has been more muted as the market corrected and risk appetite cooled. That shift matters because IPOs need steady inflows to hold issue prices.
- Listing pop is not a “thesis”
A lot of retail flow chases subscription numbers and day-1 narratives. ET has also flagged “IPO trap” setups where heavily retail-subscribed issues later trade in the red. Traders now treat oversubscription as a sentiment indicator, not a quality filter.
- Risk-off is visible even in “good” stories
Example: Reuters recently highlighted cautious debuts like Fractal Analytics listing below issue price, despite subscription. Traders interpret that as institutional demand being selective and price-sensitive.
Checklist for recent IPO names
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Avoid bottom-fishing just because it is down 50–70% (down can go to “down more”).
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Wait for a base and a clear reclaim of key moving averages with volume expansion.
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Track lock-in expiries, promoter/investor selling, and results dates as the real catalysts.
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Compare performance versus the broader market trend; when benchmarks are correcting, IPOs usually underperform.
They are just my thought what do you guys think?
