India’s 2026 IPO Pipeline Has Flipkart at ₹15,000 Crore+

Upcoming Indian IPOs in 2026 are led by Flipkart’s reported ₹15,000 crore-plus potential issue, ahead of PhonePe at ₹13,000 crore and Zepto at ₹11,000 crore on media watchlists. These figures are reported expectations, while dates, offer structures and final issue sizes remain unannounced for many companies.

Which upcoming Indian IPOs are the largest in 2026?

The IPO pipeline is led by Flipkart, PhonePe and Zepto based on issue-size estimates cited in media and social-media watchlists. Flipkart is listed with an expected issue of more than ₹15,000 crore, while PhonePe and Zepto are listed at ₹13,000 crore and ₹11,000 crore, respectively.

The same watchlists place OYO parent PRISM at ₹6,650 crore, Razorpay at ₹5,000 crore to ₹6,000 crore, Hero FinCorp at ₹3,668 crore and CarDekho at ₹3,000 crore. These are anticipated offerings rather than confirmed terms. Investors should distinguish reported estimates from details set out in an RHP or other offer documents.

Which sectors feature in the 2026 IPO pipeline?

The IPO pipeline spans e-commerce, payments, quick commerce, hospitality technology, lending and auto classifieds. The concentration of large reported proposals in internet-led businesses is notable, with Flipkart, PhonePe, Zepto, Razorpay and CarDekho appearing on the same watchlists.

Other names cited for potential offerings broaden the sector mix. These include Parle Products in consumer food, Prestige Hospitality Ventures in hotels, Credila Financial Services in NBFCs, and SNVA Traveltech, the parent of Travomint, in online travel. IL JIN Electronics (India), a subsidiary of Amber Enterprises India, is also reported to be aiming to raise ₹2,500 crore through an IPO.

What filings or offer structures have been disclosed?

Only a limited set of details in the available context relates to formal filings or transaction structures. SNVA Traveltech has filed an updated DRHP for an IPO consisting entirely of an offer for sale of 12.75 crore shares by its promoters, according to the provided reports.

Hindustan Coca-Cola Beverages, described as Coca-Cola India’s bottler, has also filed a DRHP for a public issue, with its majority shareholder expected to sell up to a 15% stake. An offer for sale means existing holders sell shares, whereas a fresh issue raises capital for the company. The context does not provide pricing, opening dates or final issue sizes for either offering.

Which IPOs are scheduled in November 2026?

LEAP India and Technocraft Ventures are scheduled for November 10, followed by Dhoot Transmission and Molbio Diagnostics on November 11, according to the supplied IPO calendar discussion. The context does not state their issue sizes, price bands or subscription dates.

The wider market calendar also listed several recent October and November issues, including Bombay Coated and Special Steels, Antala Industries, Vectras Enprocon and Maxwell Engineering Solutions. Bombay Coated and Special Steels was listed with an issue size of ₹183.06 crore and a price band of ₹78 to ₹82. Such calendar entries should not be treated as evidence that all larger watchlist candidates have fixed launch dates.

How large is the reported broader IPO pipeline?

The broader IPO pipeline is described as substantial after 82 mainboard issues raised ₹1.35 lakh crore in four months, with a reported 2026 pipeline of ₹4.5 lakh crore. More than 20 issues were expected to reach the market in the second half of November and December 2026, according to the context.

Additional large offerings named in that discussion include Avaada Electro at ₹7,600 crore, Carlsberg India at ₹6,700 crore, AGS Health at ₹4,800 crore, PRISM at ₹3,350 crore and Sify Infinit Spaces at ₹2,500 crore. The differing reported size for PRISM across watchlists underlines why investors should wait for filed documents and final offer announcements.

Conclusion

The available 2026 IPO discussions point to a broad pipeline, led in reported size by Flipkart, PhonePe and Zepto, while also covering financial services, consumer businesses, manufacturing, healthcare and travel. The data indicates investor attention is likely to focus on a mix of high-value technology-linked candidates and scheduled near-term issues.

Investors should watch for RHPs, price bands, issue dates and whether an offer is a fresh issue or offer for sale. For the immediate calendar, LEAP India and Technocraft Ventures are scheduled for November 10, followed by Dhoot Transmission and Molbio Diagnostics on November 11.