The primary market will see tremendous growth in the second half of the year 2026. Many large Indian companies have either filed their draft red herring prospectuses (DRHP) or taken steps towards launching their public issues. From the country’s largest stock exchange and leading telecom and digital platforms to the fast-growing quick-commerce company and the country’s largest mutual fund house, companies from many sectors are preparing to enter the stock market. Let’s take a look at the list of upcoming IPOs:
Main Board Segment IPO
Reliance Jio IPO: Mukesh Ambani-led company filed DRHP with SEBI on July 19. The company is planning to raise new funds through IPO. According to DRHP, the company intends to issue 27 crore new equity shares. The proceeds will be mainly used to reduce the debt of its subsidiary companies and for future expansion. The size of the IPO is estimated to be ₹37,700 crore.
NSE IPO: The country’s largest stock exchange, National Stock Exchange (NSE) is also preparing to launch its IPO. It has filed its DRHP with SEBI. According to the DRHP, the entire issue will be an ‘Offer for Sale’ (OFS); There will be no new issue of shares in this. This means that existing shareholders will sell part of their stake, while the exchange itself will not receive any funds. The value of this issue is ₹30,000 crore.
SBI Mutual Fund IPO: India’s largest asset management company is also ready to enter the stock market. SBI Mutual Fund has received regulatory approval for its IPO. The IPO is likely to be launched in the first week of July 2026. The issue size is ₹10,000 crore. This will also be a pure ‘Offer for Sale’ (OFS), in which the existing promoters – State Bank of India and Amandi India Holding – will sell part of their stake. After the listing, SBI Mutual Fund will become India’s sixth listed asset management company.
Zepto IPO: The e-commerce giant has filed its updated DRHP. The IPO is likely to launch between July and August 2026. According to the updated DRHP, the IPO will consist of both fresh issue and ‘offer for sale’. The company wants to use this money to expand its network of ‘dark stores’ in the next few years. Dark stores are small warehouses located close to customers that allow companies to deliver online orders faster. The issue size is ₹8,010 crore.
Aco General Insurance IPO: This insurtech company is also preparing to launch IPO. The issue size is ₹2,831 crore. It is likely to be launched in the current or next quarter (Q2-Q3 FY27).
Milky Mist Dairy Food IPO: The company has also received regulatory approval from SEBI. Although the promoters have postponed it for some time due to market fluctuations, it is expected that the IPO will be launched by October 2026. It recently received pre-IPO funding from Temasek.
SME Segment IPO
Aastha Spintex IPO: This is an IPO in the SME segment with a size of ₹170 crore. Due to its small size, retail investors and high-net-worth individuals (HNIs) are keeping a close eye on its listing.
