IPO Pipeline 2026

Companies that have filed DRHP with SEBI and are expected to launch their IPO in 2026. Track filing status, expected dates and issue size.

SEBI Approved

DRHP Filed

Confidential

Expected in 2026

DRHP Filed

SEBI Review

SEBI Approved

RHP Filed

IPO Opens

SEBI Approved ✓Hospitality

Prestige Hospitality

₹5,200 Cr

Expected: Q2 2026

Approved: Feb 2026

Hotel and hospitality arm of Prestige Group. Owns and operates luxury hotels across South India.

NSE,BSE

SEBI Approved ✓AI & Analytics

Fractal Analytics

₹4,900 Cr

Expected: Q2-Q3 2026

Approved: Jan 2026

AI and analytics company serving Fortune 500 companies. Backed by TPG and Apax Partners.

NSE,BSE

SEBI Approved ✓NBFC

Hero FinCorp

₹3,668 Cr

Expected: Q2 2026

Approved: Jan 2026

Subsidiary of Hero MotoCorp, provides vehicle financing and personal loans. One of India's largest vehicle financiers.

NSE,BSE

DRHP FiledFMCG / Dairy

Milky Mist

TBA

Expected: Q3 2026

Filed: Jan 2026

South India's leading dairy brand known for paneer, curd and cheese products.

NSE,BSE

DRHP FiledConsumer Electronics

boAt (Imagine Marketing)

₹1,500 Cr

Expected: Q2-Q3 2026

Filed: Nov 2025

India's largest hearables and wearables brand. Market leader in TWS earbuds and smartwatches.

NSE,BSE

DRHP FiledRenewable Energy

Vikram Solar

TBA

Expected: Q3 2026

Filed: Jan 2026

India's leading solar panel manufacturer with exports to 30+ countries. One of India's top 3 solar module makers.

NSE,BSE

DRHP FiledE-commerce

Flipkart

TBA

Expected: H2 2026

India's leading e-commerce platform backed by Walmart. NCLT approved India domicile in Dec 2025.

NSE,BSE

DRHP FiledConsumer Tech

Rentomojo

TBA

Expected: Q3 2026

Filed: Apr 2026

Furniture and appliance rental startup. Targets young professionals in Tier 1 cities.

View DRHPNSE,BSE

DRHP FiledNBFC

Tata Capital

₹15,000 Cr (est.)

Expected: Q3 2026

Filed: Jun 2025

Tata Group's financial services arm offering loans, wealth management and insurance. One of India's most trusted NBFC brands.

NSE,BSE

DRHP FiledFinancial Services

NSE (National Stock Exchange)

₹10,000 Cr (est.)

Expected: TBD (pending SEBI clearance)

India's largest stock exchange by volume. Long-awaited IPO pending regulatory clearances.

BSE

DRHP FiledAsset Management

SBI Funds Management

₹10,000 Cr (est.)

Expected: Q3 2026

Filed: Mar 2026

India's largest mutual fund by AUM (₹10+ lakh crore). Joint venture between SBI and Amundi.

View DRHPNSE,BSE

DRHP FiledFintech

PhonePe

₹15,000 Cr (est.)

Expected: H2 2026

Filed: Jan 2026

India's leading UPI payment platform with 500M+ registered users. Backed by Walmart/Flipkart.

View DRHPNSE,BSE

DRHP FiledTelecom

Reliance Jio Infocomm

₹40,000+ Cr (est.)

Expected: H2 2026

India's largest telecom operator by subscriber base, subsidiary of Reliance Industries. JioFiber, JioTV, and digital services form the ecosystem.

NSE,BSE

ConfidentialTravel & Hospitality

OYO (Oravel Stays)

₹6,650 Cr

Expected: H2 2026

Filed: Dec 2025

Global hospitality chain with 160,000+ hotels across 35 countries. Rebranded to PRISM in 2025.

NSE,BSE

ConfidentialQuick Commerce

Zepto

₹10,000 Cr (est.)

Expected: H2 2026

Filed: Dec 2025

India's fastest-growing quick commerce platform. Delivers groceries in 10 minutes across 10 cities.

NSE,BSE

Frequently Asked Questions

When will Reliance Jio IPO open?

Reliance Jio has filed its DRHP with SEBI and is expected to launch its IPO in H2 2026, pending SEBI approval. The exact date has not been announced yet.

What does SEBI approval mean for an IPO?

After a company files its DRHP (Draft Red Herring Prospectus) with SEBI, the regulator reviews it and issues an observation letter (approval) within 30 days. Once approved, the company has 12 months to launch the IPO.

How long after DRHP filing does an IPO open?

Typically 3-6 months after DRHP filing — SEBI review takes ~30 days, then the company needs time to finalise pricing, roadshows, and market conditions.

What is a confidential DRHP filing?

SEBI introduced confidential pre-filing in 2022. Companies can submit DRHP privately to get SEBI feedback before public disclosure. PhonePe and Zepto used this route.

Disclaimer: Data sourced from SEBI filings and public announcements. Issue sizes are estimates where SEBI documents are unavailable. Filing dates may be approximate. This is not investment advice.