Upcoming IPOs in India 2026: Major IPOs includes Jio, NSE, Zepto, Hero Motors & More

India’s IPO pipeline remains strong, with several large companies progressing towards public listings even though their subscription dates have not yet been announced. The pipeline includes major names such as Jio Platforms, NSE, Muthoot Fincorp, OYO, Zepto, Hero Motors and AGS Health.

Unlike IPOs with confirmed RHP-backed opening dates, these companies are at different stages of the IPO process, including DRHP filing, UDRHP filing and SEBI approval. Therefore, their final price bands, issue sizes and subscription dates may change.
The companies and securities named in this article are mentioned only to explain market developments and are not a recommendation to buy, sell, hold or apply for them. They are quoted as examples and not as a recommendation.

Jio Platforms is among the biggest potential IPOs of 2026 and is backed by Reliance Industries. SEBI approved the proposed IPO in August, with a fresh issue of up to 27 crore equity shares. The final price band and subscription dates are yet to be announced.

National Stock Exchange has cleared a major hurdle after receiving SEBI approval for its long-awaited IPO. The issue will consist entirely of an OFS of up to 14.89 crore equity shares, meaning NSE itself will not receive proceeds from the offer. The exchange is expected to proceed towards a September launch, although final issue details were still awaited as of September 5.

Muthoot Fincorp, an NBFC gold loan-focused firm, continues to be in the IPO pipeline with its DRHP registration. In the planned IPO, it will issue up to ₹3,000 crores in fresh equity, without an OFS.

IFL Finance is still awaiting the IPO after filing the DRHP. The offering will include the issuance of fresh equity shares up to 3.55 crore equity shares and an Offer for Sale of up to 30 lakh equity shares.

Paras Healthcare runs the Paras Health brand of hospitals and has secured regulatory clearance for its planned IPO. The IPO consists of a fresh issue of up to ₹500 crore and an OFS of up to ₹1,300 crore. Investors will have to wait for the issuance of the final prospectus and offer announcements.

CULT FIT is in the fitness and wellness space and is also in the pipeline for an IPO after filing its DRHP. CULT FIT’s IPO consists of a Fresh issue of up to ₹950 crore and OFS of up to 17.86 crore equity shares. CULT FIT has incurred losses in FY26 and the exact IPO date is pending.

Swara Baby Products manufactures baby-care and hygiene products and is backed by Brainbees Solutions, the parent of FirstCry. Its proposed IPO comprises a fresh issue of up to ₹500 crore and an OFS of up to ₹500 crore. Subscription dates are yet to be announced.

Hero Motors is still in the pipeline for going public, with an addition to its DRHP being filed in August 2026. The offer involves a fresh issue of up to ₹600 crores and OFS of up to ₹400 crores. Hero Motors is involved in the business of automotive and engineering components.

AGS Health continues to be in the IPO pipeline after filing for UDRHP. The IPO issuance will consist of a fresh issue up to ₹1,800 crore and an OFS up to ₹3,000 crore. Issue details and subscription dates are still not confirmed.

Prism, formerly known as Oravel Stays and the parent of OYO, filed its UDRHP-I for a ₹6,650 crore fresh issue with no OFS component. Most of the proposed proceeds are intended for repayment or prepayment of borrowings. The company has not announced a subscription date.

Zepto continues to be among the most awaited IPOs 2026 even though there have been some delays in its listing process. Zepto's current proposed structure has a Fresh issue up to ₹8,010 crore and OFS of up to 11.35 crore equity shares. The company subsequently shifted focus towards a pre-IPO private placement, and there is currently no confirmed subscription date.

Past financial performance does not indicate future results. All figures are taken from the companies' filings and are subject to change until the final offer documents are issued.

The broader IPO pipeline contains companies at very different stages, so filing an IPO document does not mean that an IPO will open immediately. Price bands, issue sizes and subscription dates can change before the final RHP is filed.

Investors should therefore rely on the latest SEBI filings, company announcements and exchange disclosures when evaluating these upcoming IPOs. For companies such as Zepto, where the IPO timeline has been delayed, previously disclosed issue details should also be treated as subject to change.

Ans. Major IPOs in the current pipeline include Jio Platforms, NSE, Muthoot Fincorp, Paras Healthcare, CULT.FIT, Hero Motors, AGS Health, OYO/Prism and Zepto.

Ans. Jio Platforms is currently among the largest proposed IPOs, with its issue estimated at around ₹37,700 crore. NSE is also expected to be one of India's largest IPOs, with the issue estimated at around ₹30,000 crore.

Ans. Yes. NSE got SEBI clearance in September 2026. The proposed IPO of the company is entirely an Offer for sale of 14.89 crore shares, there is no fresh issue component is available in NSE IPO.

Ans. Zepto remains in the IPO pipeline, but its IPO plans have been paused/delayed. The company has no confirmed subscription date at present.

Ans. No. Most companies in this list are still progressing through the IPO process. Subscription dates should be considered unconfirmed until announced through the relevant final offer documents or company disclosures.