Overview
- India’s 2025 mainboard IPOs raised Rs 1,75,901 crore across 103 issues, while 267 SME listings mobilised Rs 11,430 crore, according to Prime Database data reported by MillenniumPost.
- More than 190 companies are preparing 2026 listings, with 84 already cleared by SEBI and roughly Rs 1.14 trillion sought from those approved, MillenniumPost reported.
- Aggregate fundraising projections for 2026 range from Rs 1.67–2.08 trillion (Mirae Asset ShareKhan) to reports citing up to Rs 2.5 lakh crore, reflecting uncertainty over timing and size of large deals.
- Reliance Jio is flagged as a marquee candidate, with bankers proposing a valuation of up to $170 billion and Mukesh Ambani indicating a potential first-half 2026 listing; MillenniumPost notes expectations of over Rs 70,000 crore from a 5% stake sale.
- Active preparations include confidential DRHPs by Zepto and PhonePe, PRISM (OYO) filing confidentially per NDTV Profit, an updated Rs 1,500-crore DRHP by boAt, SBI Mutual Fund appointing bankers with a 12‑month listing aim, Flipkart securing NCLT approval to shift domicile to India, and Hero FinCorp receiving SEBI approval.