Upcoming IPOs in 2026: Reliance Jio, Flipkart, PhonePe, Zepto, Oyo and more; check their current status

Upcoming IPOs in 2026: Several big ticket initial public offerings are slated to launch in the calendar year 2026. The primary market saw over 100 mainboard IPOs in 2025. The line-up for this year also looks promising.

The key offers that can list this year include Reliance Jio, Flipkart, PhonePe, Zepto, SBI Mutual Fund, OYO and boAt.

Upcoming IPOs in 2026

Reliance Jio IPO

Billionaire Mukesh Ambani-led Reliance Industries is working on the preliminary papers of its telecom arm, Jio Platforms, which could be India's biggest-ever initial public offering. Before filing the draft red herring prospectus (DRHP), the company is waiting for government notifications on recommendations made by market regulator SEBI.

In September, SEBI had relaxed IPO rules for very large companies. Under the new framework, firms with market capitalisation over ₹1 lakh crore would be required to float 2.75% of their equity instead of the current 5%, and those over ₹5 lakh crore would be required to dilute only 2.5%.

Anshuman Thakur, Jio Head of Strategy, in an earnings call, said, "The Jio IPO, internally we are working on it, of course, we are awaiting the new notification to come from the government to see what the final details are going to be."

"We are working on the assumption that it is in line with whatever SEBI has recommended, but we will still have to wait for that before we finalise and then start the process," he added.

Jio Platforms is preparing to list in the first half of 2026.

Flipkart IPO

Walmart‑owned e‑commerce major Flipkart has received NCLT nod to shift its domicile to India from Singapore. The company is preparing to launch a public offer in 2026.

Recently, the company appointed two senior executives to enhance governance and scale its core business. Jason Chappel has been appointed as vice president and group controller, while Amer Hussain joins as vice president of supply chain for Flipkart Minutes and grocery.

PhonePe IPO

Fintech player PhonePe has received SEBI's approval to raise funds via IPO. The company is expected to file an updated DRHP soon.

The proposed IPO would be solely an offer for sale by existing shareholders, according to media reports.

The company had reported ₹7,115 crore in revenue for the financial year 2024-25, reflecting a 40% year-on-year increase. It also turned free cash flow positive with operating cash flow of ₹1,202 crore.

Its adjusted net profit (excluding ESOP costs) more than tripled to ₹630 crore.