India’s primary market in 2026 is poised to shatter every record in history. The year is set to witness the arrival of Reliance Jio Platforms — India’s largest ever IPO at $100 billion+ valuation — along with NSE, PhonePe, Zepto, and SBI Mutual Fund listings that collectively could raise over ₹5 lakh crore from Indian capital markets.
After the record-breaking primary market activity of 2024–2025 (₹1.78 lakh crore raised in FY25), 2026 enters a new stratosphere. The regulatory environment has never been more favorable — SEBI has streamlined DRHP processing, introduced T+3 listing timelines, and issued new listing norms specifically for Jio and Reliance Retail. The Reliance AGM on June 19 is the most anticipated IPO announcement event in India’s stock market history.
In this comprehensive guide, you will find the complete India IPO calendar for 2026: every mainboard IPO with dates, GMP today, subscription status, allotment updates, and detailed profiles of all 8 mega IPOs — plus a step-by-step guide on how to apply and maximise your allocation chances.
📊 India IPO Market Snapshot — June 2026
Total IPOs in 2026 (So Far)
47
Mainboard + SME combined
Capital Raised (2026 YTD)
₹82,400 Cr
Mainboard alone
Average Listing Gain (2026)
+28.4%
vs +31% in 2025
Highest Listing Gain (2026)
+118%
CMR Green Technologies
Oversubscription Record
312x
SME segment
IPOs Listing Below Issue
12%
FY26 loss rate
Upcoming Mega IPOs
6
Jio, NSE, PhonePe +3
Potential Capital (Mega)
₹3–5L Cr
If all mega IPOs list in 2026
Retail Investor Applications
18Cr+
Demat accounts in India
Min Lot Investment
~₹15,000
Typical minimum bid
SME IPOs in 2026
120+
Projected for full year
Best IPO Platform
Zerodha/Groww
Lowest cost, fastest allot.
🚀 Top 8 Biggest Upcoming IPOs India 2026 — Deep Dive
These are the 8 most anticipated IPOs of 2026. Hover each card for the 3D effect. Scroll for complete details:
📱
Reliance Jio Platforms
Telecom · 5G · AI · Digital Services
🔥 INDIA’S BIGGEST
Expected Valuation
$100B+ (~₹8.5L Cr)
IPO Size (est.)
₹50,000–1,00,000 Cr
IPO Timeline
2026–2027
Announcement
AGM June 19, 2026
Subscribers
450M+
SEBI Norm
New norms in place ✓
India’s largest IPO ever. Jio has 450M+ subscribers, is India’s #1 telecom by revenue and data usage, and is integrating AI across its platform. Strategic investors include Google ($4.5B) and Meta ($5.7B). When Jio lists, it could trigger a once-in-a-generation wealth creation event for retail investors.
📊
NSE (National Stock Exchange)
Stock Exchange · Capital Markets · India’s #1 Exchange
📋 DRHP June 2026
Expected Valuation
₹3–4L Cr
DRHP Expected
June 2nd week 2026
Key Shareholders
LIC, SBI, SHCIL
FY25 Revenue
₹15,000+ Cr
Comparable
BSE trades at 60x P/E
IPO Type
OFS + Fresh Issue
NSE is India’s largest stock exchange — processing over 90% of India’s equity derivatives volume. Its monopoly in derivatives and strong revenue growth makes it one of the most profitable IPO investments of the decade. BSE (its competitor) trades at 60x+ P/E on the market.
💸
PhonePe
Fintech · UPI · Digital Payments · Insurance · Wealth
2026–27 Expected
Last Valuation
$12B (last round)
IPO Valuation
₹80,000–1,00,000 Cr
UPI Market Share
47%+ of all UPI txns
Backer
Walmart (controlled)
Revenue FY25
₹5,000 Cr+
Profitability
EBITDA positive
India’s #1 UPI payment app processing 47%+ of all UPI transactions. PhonePe has diversified into insurance, mutual funds (Groww-like), and stock trading. Backed by Walmart, it has a defensible moat in India’s digital payments ecosystem. A marquee consumer tech IPO.
⚡
Zepto
Quick Commerce · 10-Min Delivery · Grocery Tech
2026–27 Expected
Last Valuation
$5 Billion
Revenue FY25
₹5,140 Cr
Revenue Growth
+140% YoY
Founders
Aadit & Kaivalya Palicha
Cities
30+ cities
Position
#2 after Blinkit
Founded by 21-year-olds from IIT, Zepto is India’s fastest-growing quick commerce platform. With 10-minute grocery delivery, 30+ city presence, and 140% revenue growth — it’s the most exciting consumer startup IPO. IPL 2026 title sponsorship shows brand strength.
🏦
SBI Mutual Fund
Asset Management · India’s Largest MF · ₹11L Cr AUM
SEBI Filing Expected
AUM
₹11L Cr+
Market Share
India’s #1 AMC
Comp: HDFC AMC
Trades at 60x P/E
Revenue FY25
₹6,000+ Cr
Promoter
SBI (63%) + Amundi
IPO Route
OFS expected
India’s largest mutual fund house with ₹11 lakh crore+ AUM. HDFC AMC (comparable) trades at 60x P/E on the market. SBI MF’s IPO is expected to be vastly oversubscribed given its brand recognition, size, and the SIP boom in India (₹26,000 Cr/month SIP flows).
🎧
boAt
Consumer Electronics · Earphones · Wearables · India D2C
Filing Expected 2026
Valuation
~$1.6B
Market Share
#1 India earwear
Revenue FY25
₹3,500 Cr+
Brand
100M+ customers
Product Range
Earphones/Watches/Speakers
Profitability
PAT positive FY25
India’s #1 earwear brand with 100M+ customers and 36%+ market share. boAt has turned profitable and is a genuine D2C consumer brand story. Multiple IPO filing delays have built anticipation — 2026 is expected to finally be the year. Suitable for growth investors.
India’s largest e-commerce platform by GMV. Flipkart (owned by Walmart) has been planning an India IPO since 2022. The company also owns Myntra (fashion) and Cleartrip (travel). A listing would bring India’s e-commerce growth story to public markets for the first time.
🏨
OYO (Oravel Stays)
Hospitality Tech · Budget Hotels · Global Presence
Multiple DRHP Filed
Revised Valuation
~$3–4B
Hotels
175,000+ globally
DRHP Status
Revised, awaiting
Profitability
EBITDA positive
Key Market
India + Europe
Backer
SoftBank, Airbnb
OYO has revised its DRHP multiple times, most recently at a $3–4B valuation (down from $9B). The company achieved EBITDA profitability in 2024-25. Risk: high debt, complex corporate structure, and regulatory headwinds in some markets. Higher risk, smaller reward vs other mega IPOs.
📅 IPO Calendar India 2026 — Mainboard Schedule (June–August)
Here is the complete mainboard IPO schedule for upcoming weeks. GMP (Grey Market Premium) is updated daily. Always verify on NSE/BSE official sites before applying:
#
Company
Open Date
Close Date
Price Band
Lot Size
Min Invest
GMP
Status
1
CMR Green Technologies
June 9
June 11
₹218–230
65 shares
₹14,950
+₹62 (27%)
Open Now
2
Hexagon Nutrition
June 10
June 12
₹85–90
165 shares
₹14,850
+₹18 (20%)
Open Now
3
Sacheerome Ltd
June 9
June 11
₹96–102
1200 shares
₹1,22,400
+₹12 (12%)
Open Now
4
Jainik Power & Cables
June 10
June 12
₹100–110
1200 shares
₹1,32,000
+₹8 (7%)
Open Now
5
NSE IPO (Mainboard)
DRHP June 2026
TBA
TBA
TBA
TBA
Pre-DRHP
Coming Soon
6
Upcoming Mainboard A
June 3rd Week
TBA
TBA
TBA
TBA
TBA
Upcoming
7
Upcoming Mainboard B
June 4th Week
TBA
TBA
TBA
TBA
TBA
Upcoming
8
Reliance Jio Platforms
2026–2027
TBA
TBA
TBA
TBA
$100B val.
Awaiting AGM
* GMP is indicative and unofficial. Verify on NSE/BSE. Lot sizes and price bands may change. Updated June 11, 2026.
📈 India IPO Market Performance History — Why 2026 Matters
Context matters. Here is how India’s IPO market has grown year-over-year — and why 2026 is shaping up to be the most significant year in the primary market’s history:
2020
15
₹26,611 Cr
Avg +38%
2021
63
₹1,19,882 Cr
Avg +32%
2022
37
₹59,302 Cr
Avg +12%
2023
57
₹49,436 Cr
Avg +29%
2024
91
₹1,62,615 Cr
Avg +28%
2025
105
₹1,78,000 Cr
Avg +31%
2026E
120+
₹2–5L Cr+
Jio Effect 🚀
📋 How to Apply for an IPO in India 2026 — Step-by-Step Guide
Here is the complete process to apply for any IPO in India in 2026 using ASBA (Application Supported by Blocked Amount) method:
1
Open a Demat + Trading Account (Free)
You need a Demat account linked to a bank with UPI. Takes 15 minutes with PAN + Aadhaar. Pick a broker known for smooth IPO application processing.
Zerodha — Best for IPOGroww — Beginner FriendlyAngel One
2
Check the IPO Details Before Applying
Review: Price band, lot size, company financials, GMP, subscription levels (especially QIB), and listing date. Check StockTirumala for analysis on each IPO. Never apply based on GMP alone.
Check GMP on Chittorgarh.comDRHP on SEBI website
3
Place Bid at Cut-Off Price
Open your broker app → Go to IPO section → Select the IPO → Enter minimum 1 lot quantity → Select “Cut-Off” as bid price (you get shares at whatever final price is set). This maximises allocation chances.
4
Approve the UPI Mandate
After placing bid, open your UPI app (Google Pay / PhonePe / Paytm) and approve the mandate. This BLOCKS — but does not debit — the funds. Blocked funds continue earning interest in your savings account.
Approve within 30 minsExpired = Bid Cancelled
5
Check Allotment Status
On allotment date (T+6 from close date): Go to BSE/NSE IPO allotment page → Enter PAN number → Check if shares were allotted. If not allotted: funds released within 1 day. If allotted: shares credited to Demat by listing day (T+8 typically, or T+3 for new fast-track IPOs).
Check: bseindia.com/IPOOr: nseindia.com/IPO
❓ Frequently Asked Questions (FAQ)
What are the biggest upcoming IPOs in India in 2026? ▼
The biggest upcoming IPOs in India 2026 are: (1) Reliance Jio Platforms — $100B+ valuation, India’s largest ever IPO; announcement expected at AGM June 19, 2026; (2) NSE (National Stock Exchange) — DRHP filing expected June 2026, India’s largest exchange; (3) PhonePe — India’s #1 UPI app with 47% market share, ₹80,000 Cr valuation; (4) Zepto — 10-minute delivery unicorn, $5B valuation; (5) SBI Mutual Fund — India’s largest AMC with ₹11L+ Cr AUM; (6) boAt — India’s #1 earwear brand. Combined, these 6 IPOs could raise ₹3–5 lakh crore and make 2026 India’s biggest IPO year in history.
What is IPO GMP (Grey Market Premium) and how does it work? ▼
GMP (Grey Market Premium) is the difference between an IPO’s expected listing price and its current trading price in the unofficial grey market. Example: If IPO issue price is ₹100 and GMP is ₹40, the expected listing price is approximately ₹140 (40% premium). A GMP above 20% signals strong listing gains potential. However, GMP is completely unofficial, can change hourly, and has been wrong by 30–50% in some cases. Never apply to an IPO based solely on GMP. Always evaluate the company’s fundamentals, subscription levels (especially QIB quota), and market conditions. GMP is useful as a sentiment indicator, not a price guarantee.
How to apply for an IPO in India in 2026? ▼
Applying for an IPO in 2026 is simple: (1) Open a free Demat account on Zerodha, Groww, or Angel One (PAN + Aadhaar required, 15 min); (2) During the IPO window (3 days), open your broker app and go to the IPO section; (3) Enter lot quantity (minimum 1 lot) and select “Cut-Off Price”; (4) Approve the UPI mandate on Google Pay / PhonePe — within 30 minutes or your bid is cancelled; (5) Check allotment on BSE website using your PAN on allotment date. Funds are blocked but NOT debited unless you receive an allotment. If unallotted, funds are released within 1 day of allotment.
When will Reliance Jio IPO happen and what is its expected price? ▼
Reliance Jio IPO is expected in 2026–2027, with the formal announcement most likely at the Reliance AGM on June 19, 2026. SEBI has already issued new listing norms for Jio — a critical regulatory step. Jio Platforms has 450M+ subscribers, Google ($4.5B) and Meta ($5.7B) as strategic investors, and is independently valued at $100 billion+. The IPO price band has not been set yet. In terms of IPO size, it could raise ₹50,000–1,00,000 crore — making it India’s largest ever IPO by a massive margin. The listing itself could add ₹15,000–20,000 to Reliance Industries’ per-share NAV.
What is NSE IPO date, price band and how to apply? ▼
NSE (National Stock Exchange of India) IPO DRHP is expected to be filed in June 2026 (second week), according to multiple reports. Key shareholders include LIC, SBI, SHCIL, and global institutional investors. The IPO would value NSE at approximately ₹3–4 lakh crore. BSE (the comparable listed exchange) trades at 60x+ P/E, suggesting NSE IPO could also command premium valuation. Price band and exact dates: not yet announced. Once DRHP is filed, the IPO typically opens within 30–60 days. StockTirumala will update this page the moment NSE’s IPO date is officially confirmed.
2026: India’s Most Historic IPO Year — But Be Selective, Not Greedy
India’s 2026 IPO market is historic. The arrival of Jio Platforms, NSE, PhonePe, and Zepto will collectively raise more capital from Indian markets than any year in history. For investors, this creates extraordinary opportunities — but also the risk of overexcitement. Our framework: apply to every IPO with strong QIB subscription (above 50x), avoid IPOs from loss-making startups with opaque governance, and prioritise the “blue chip” IPOs — Jio, NSE, SBI MF — over speculative bets.
For the mega IPOs (Jio, NSE, PhonePe): Apply for maximum lots in all categories. These are once-in-a-decade opportunities. For the SME segment: be highly selective — volatility and liquidity risks are extreme. The June 19 Reliance AGM is the single most important date for Indian investors in 2026. Mark your calendar. 🚀
⚠️ Investment Disclaimer
This IPO calendar is for informational purposes only. IPO dates, prices, GMP and subscription data are approximate and subject to change. GMP is unofficial and speculative — actual listing prices may differ significantly. Past IPO performance does not guarantee future results. IPO investments carry risk including possible loss of invested amount. Always read the DRHP/RHP carefully before applying. StockTirumala.com is not SEBI-registered. Consult a SEBI-registered advisor before investing.
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IPO AI GUIDE 2026
StockTirumala · India IPO Desk
🚀 Welcome to the IPO Tracker! Ask me about Jio IPO, NSE IPO dates, how to apply, GMP explained, or upcoming IPO allotment status!
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