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Reliance Jio, NSE, Zepto among key upcoming IPOs: Will US-Iran peace deal revive India's IPO market?
4 min read | Updated on June 15, 2026, 12:32 IST
SUMMARY
Reliance Jio IPO, along with NSE, Zepto and Flipkart, are some of the most anticipated IPOs of 2026. However, recent weak market sentiments because of the US-Iran war have slowed the primary market activity. But there is a strong likelihood of revival in the domestic IPO market after record-breaking funds raised by the SpaceX IPO and the signing of the US-Iran peace deal.
Stock list
NSE is expected to file its IPO draft papers with SEBI this week. | Image: Shutterstock
Reliance Jio IPO is one of the most anticipated public issues of 2026. However, domestic IPO markets activity has witnessed a slowdown so far this year driven by a combination of multiple factors.
So far in 2026, around 26 mainboard IPOs have successfully listed on the domestic stock exchanges out of which four issues were either REITs or Infrastructure Investment Trust (InvIT).
According to an Economic Times report, nearly 150 companies have received SEBI approval to raise nearly ₹1.75 lakh crore, while another 63 firms are awaiting regulatory clearance. In total, ₹3 lakh crore worth of IPOs are in the pipeline. This massive IPO backlog has accumulated as companies wait for the right market conditions to bring their public issues.
Why has IPO activity remained muted in 2026?
Companies typically avoid launching public issues during volatile markets as unpredictable market conditions can affect valuations and subscription demand.
Combination of above factors have severely impacted the primary market activity in India. However, following the announcement of the US-Iran peace deal the long awaited overhang on the domestic markets seems to be over. As a result, NIFTY50 index rose over 1.5% to day high of 24,011, while SENSEX gained over 1200 points to trade above 76,400 level.
The US-Iran peace deal, fall in crude oil prices and gain in Indian rupee all these multiple factors could revive the domestic market conditions and indirectly sends a positive signal for the primary market. Besides this, companies like SpaceX which raised a record $75 billion via IPO in the US markets indicates investor appetite for large growth stories remains intact.
This improving market conditions could encourage large domestic companies like Reliance Jio, NSE and others to revive their IPO plans and could possibly bring their public issues in the second half of FY27.
Upcoming IPOs in 2026
| Company | Current IPO status |
|---|---|
| Zepto IPO | Has filed updated DRHP to raise ₹8,010 crore via fresh issue. IPO likely to launch in July 2026 |
| NSE IPO | The company is expected to file IPO draft papers with SEBI this week |
| Reliance Jio IPO | Investment bankers have been appointed. More updates awaited the IPO in the upcoming Reliance AGM on June 19. |
| Hindustan Coca-Cola Holdings | Parent company Coca-Cola plans to list its largest bottler in India in 2027. Investment bankers appointed |
| SBI Mutual Fund IPO | The company is awaiting SEBI approval for the IPO, targeting a potential listing by September 2026. |
| Razorpay | The company has filed confidential draft papers with SEBI to raise $500 to $600 million |
| Flipkart IPO | The company has shifted its legal domicile from Singapore to India to align with local regulations. In the process of filing the DRHP |
| PhonePe IPO | The company had temporarily paused its IPO plans due to geopolitical uncertainties and market volatility. |
Disclaimer:
This article is only for educational purposes and not a buy or sell recommendation. Investors are advised to conduct their own analysis and risk due diligence before trading and investing in the stock market. Investments in the securities market are subject to market risk. Read all the related documents carefully before investing.
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