India is on track for another record IPO year in 2026, potentially surpassing 2025’s $20 billion fundraising. At the top of the list:
Reliance Jio Infocomm — expected to raise up to $4 billion, possibly the largest Indian IPO ever.
National Stock Exchange (NSE) — edging closer to a long-awaited listing.
Flipkart — targeting a $60–70 billion valuation and full market debut.
PhonePe — aiming to raise about $1.2–1.5 billion in its IPO.
SBI Mutual Fund — large asset manager planning an offering around $1.2 billion