India’s IPO Revival: Which Upcoming IPOs Should Investors Watch Next?

India’s IPO market is making a strong comeback in 2026, with many of the country’s top companies preparing to go public. This year’s lineup covers almost every major growth sector, from telecom to quick commerce. Let’s look at the upcoming IPOs to watch and how you can approach them.

Mega-Cap IPOs Leading the Revival

Reliance Jio is set to launch one of the biggest IPOs India has ever seen, thanks to its strong presence in telecom, digital platforms, cloud computing, and AI. The National Stock Exchange (NSE) is another highly anticipated listing this year. SBI Mutual Fund, the country’s largest asset manager, opened its ₹9,812.91-crore IPO on July 14, 2026, closed on July 16, and allotment is expected on July 17.

New-Age Consumer & Tech IPOs to Watch

Flipkart’s long-anticipated IPO may finally happen in 2026. Walmart remains the majority owner, and the company is valued at $60-70 billion as it shifts its focus back to India. Zepto, which operates about 900 dark stores and has around ₹26,000 crore in gross sales, has filed to raise ₹11,000 crore through a mix of OFS and fresh issue. OYO is aiming to raise $800 million in 2026, focusing on technology to improve guest experiences and help hotel partners.

Financial Services IPOs Gaining Attention

Hero FinCorpHero FinCorp’s IPO is one of the most awaited NBFC listings this year. It appeals to investors who want to tap into India’s expanding financial services sector.of listings spans telecom infrastructure, capital markets, asset management, e-commerce, hospitality tech, and NBFCs — giving investors multiple entry points, but not every IPO carries the same risk or opportunity profile.

How Ashika Wealth Can Help

Getting through a year full of IPOs is not just about applying early. It’s about knowing which offers match your goals. Ashika Wealth’s advisory team helps investors:

• Evaluate IPO fundamentals, valuations, and promoter background before applying.
• Understand the fresh issue vs OFS split and what it signals about company intent.
• Decide the right allocation size relative to your overall portfolio.
• Keep an eye on application timelines, subscription trends, and the risks on listing day.

Your Immediate Action Plan

1. Follow official DRHP filings on NSE or BSE, rather than relying on rumors or grey market talk.Established mega-caps (Jio, NSE) from high-growth, cash-burning consumer tech plays (Zepto, OYO).
2. Look at the ratio of fresh issue to OFS before you apply to any IPO.
3. Treat IPO investments as tactical moves, and keep them secondary to your main ₹1 crore SIP wealth plan.

Don’t Wait Until It’s Too Late

A revival like this is rare. Staying informed, not just excited, is what sets disciplined investors apart from those who follow the headlines. Talk to the experts at ashikawealth.in before you apply for your next IPO.

Disclaimer: Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Sources: CNBC TV 18, ET, TOI, Financial Express