IPO Wave Ahead: Jio, NSE, and Top Startups to Watch in 2026

After a relatively quiet first half of the year, India's primary market is poised for a massive resurgence as several marquee names prepare to list on Dalal Street. From record-breaking telecom offerings to high-growth quick commerce unicorns, the remainder of 2026 promises a historic influx of capital into the Indian equity markets.

The Titans: Reliance Jio and NSE Set for Record-Breaking Listings

The spotlight is firmly on Reliance Jio Platforms, which has filed draft papers with SEBI for a massive ₹35,000 crore IPO. Expected to be the largest public issue in India's history, the offering consists of a fresh issue of up to 27 crore shares. Out of this, approximately ₹27,500 crore is earmarked for debt repayment, while the remaining funds will drive network expansion, AI infrastructure, and digital services.

Adding to the momentum, the National Stock Exchange (NSE) has finally filed its Draft Red Herring Prospectus (DRHP) after nearly a decade of delays. The proposed issue aims to raise around ₹25,000 crore through an offer for sale (OFS) by existing shareholders, positioning it as one of the largest exchange listings globally.

Financial Giants and Industrial Players Entering the Fray

The banking and asset management sector will see significant action with SBI Mutual Fund preparing for an IPO in the first week of July. Subject to regulatory approval, the issue is expected to raise ₹10,000 crore, with parent SBI and partner Amundi likely to dilute their holdings in India's largest asset management company.

In the manufacturing and consumer goods space, several smaller but significant players are stepping up:

  • Aastha Spintex: A textile manufacturer launching its IPO on June 29 to capitalize on growing export opportunities.
  • Knack Packaging: An Ahmedabad-based manufacturer of rigid plastic packaging, set to launch its offer on July 1.
  • Milky Mist: The Tamil Nadu-based dairy major is moving forward with a ₹2,035 crore IPO, having already secured SEBI approval for expansion and debt reduction.

The New-Age Startup Surge: Zepto, Acko, and FabIndia

The "new-age" tech ecosystem is also preparing for its next big chapter. Quick commerce disruptor Zepto is widely expected to launch its IPO following successful funding rounds and an expansion of its dark store network. The company continues to battle heavyweights like Blinkit and Swiggy Instamart in the race for rapid delivery dominance.

Digital insurer Acko, backed by heavyweights like Amazon and General Atlantic, is also on the radar as it seeks to leverage its growth in the motor and health insurance segments. Meanwhile, lifestyle retailer FabIndia is looking to revive its postponed IPO plans, focusing on improved profitability across its apparel and organic food business lines.

Key Takeaways

  • Historic Scale: Reliance Jio's ₹35,000 crore IPO and NSE's ₹25,000 crore offering are set to redefine the scale of Indian public listings.
  • Diverse Sectors: The upcoming wave spans a wide spectrum, from traditional manufacturing and dairy to cutting-edge AI infrastructure and quick commerce.
  • Market Sentiment: The influx of high-profile listings from both established giants and venture-backed startups suggests a significant strengthening of India's primary market liquidity.