Most awaited IPOs India 2026: top five to watch

Retail investors on Reddit and other social platforms are framing 2026 as a potential blockbuster year for Indian IPOs, especially for large consumer-tech and financial-market listings. A commonly shared claim is that unicorns such as OYO, Razorpay and Zetwerk alone could raise over ₹34,000 crore in 2026. Alongside that startup chatter, calendars circulating online also highlight a heavy September pipeline for mainboard issues, including the National Stock Exchange (NSE) IPO window. The discussion is less about day-to-day price bands and more about whether long-watched names finally move from draft filings to a live offer. Investors also appear to be comparing “mega IPOs” like Jio and NSE with newer consumer-tech candidates such as Zepto, PhonePe and OYO. Much of the conversation is grounded in filing status references like DRHP, RHP, or “confidential draft papers.” At the same time, several posts repeat estimates and market-share claims, and those numbers can vary depending on the source. Below is a structured, facts-only summary of the five most awaited IPOs based on what is being shared widely in the provided social context.

1) Reliance Jio Platforms: the biggest headline in 2026

Reliance Jio Platforms is repeatedly described online as the largest upcoming IPO of 2026. Social posts position it as a “value unlocking” moment that separates the telecom and digital business from Reliance Industries. One widely circulated claim says the listing could come with a valuation exceeding ₹9.3 trillion. Another table shared in the same discussion lists a possible issue size of ₹40,000 crore. The same context also notes “IPO draft papers filed with SEBI for approval” for Reliance Jio IPO. Importantly, the timeline in the shared lists is “2026,” with detailed terms still marked TBA. That combination of scale, headline valuation talk, and a SEBI-draft reference is why it remains the most watched name in the 2026 lineup. The main investor focus, based on the posts, is the size and the structural importance rather than a confirmed price band.

2) NSE IPO: a defined September window in social calendars

NSE is one of the few “most awaited” listings in the context that also comes with a specific September window. The social table lists the NSE IPO dates as 17-21 September 2026, with a price band of ₹1,700 to ₹1,785. The same table pegs the IPO size at about ₹22,562 crore (shown as ₹22,561.57 crore in one place). Posts also call the NSE listing a “systemic event” for Indian financial markets, given its role in derivatives by volume. Another line in the provided context mentions “IPO draft papers filed with SEBI for approval,” while the mainboard schedule references an RHP for NSE. The combination of large size, clear dates, and a cited price band makes it unusually concrete compared with other 2026 candidates. Because it is also listed in the “Upcoming Mainboard IPO” schedule, NSE is being tracked not just as a concept but as an actionable calendar event. Social chatter suggests years of anticipation due to past regulatory hurdles, though the context does not provide granular regulatory details.

3) PhonePe: filings mentioned, but estimates differ

PhonePe appears in multiple lists of major 2026 IPOs, and it is consistently framed as a key fintech listing. One table in the context says PhonePe has a DRHP and places it in 2026 with all terms TBA. Another detailed breakdown claims PhonePe could be an 18,000-20,000 crore issue and calls it a potential “largest tech IPO,” while a separate “Top 5” section cites an expected issue size of around ₹12,000 crore. User and market-share claims also vary slightly in the posts, with mentions of 500M+ users and UPI share quoted around 45 percent to nearly 48 percent. Separately, the context notes PhonePe had temporarily paused IPO plans due to geopolitical uncertainties and market volatility. Taken together, the consistent point is not the exact size but that filings are being discussed and that the market is watching timing closely. For readers, the key takeaway from the social data is that PhonePe is viewed as a bellwether for domestic fintech listings. The variability in numbers is also a reminder to treat circulating estimates as indicative, not final.

4) Zepto: quick-commerce momentum and a cited DRHP update

Zepto is frequently grouped with the most anticipated 2026 consumer-tech IPOs. The context states Zepto filed an updated DRHP to raise ₹8,010 crore via a fresh issue. It also says the IPO is likely to launch in July 2026, placing it in the second half of the year lists. In the “Big Five” write-up, Zepto is described as being last valued at $1 billion and preparing for a public issue between July and September 2026. That same section highlights a 129 percent revenue surge, while also noting aggressive expansion costs as part of the quick-commerce model. Across posts, the attention seems to be on whether high-growth quick-commerce can translate into a market-ready offering. The presence of a specific ₹8,010 crore fresh-issue figure gives the discussion more structure than pure speculation. Investors in these threads appear to be watching how filings and timing evolve rather than debating a fixed price band.

5) OYO: renewed listing attempt and profitability narrative

OYO, also referenced as Oravel Stays, is another name repeatedly cited among 2026’s most awaited IPOs. A sector-wise table in the context lists Oyo Rooms with an expected issue size of ₹6,000-7,000 crore and an expected listing month in Q3 2026. Separately, the “Top 5” section says OYO is making a renewed attempt at a public listing after multiple quarters of positive EBITDA. That same section mentions a target valuation range of $1-8 billion and says the company has cleaned up its balance sheet to satisfy institutional demand. The broader Reddit-style takeaway is that OYO’s IPO interest is tied to a “turnaround” storyline rather than just brand familiarity. The context also includes OYO in a larger social claim about unicorn fundraising in 2026. As with other startup IPOs mentioned, the final terms are not shown, so expectations are being shaped more by narrative and status updates than hard offer documents.

Quick comparison table: the five names social media is tracking

The table below compiles only what is explicitly stated in the provided context. Where posts say TBA or do not provide a value, it is left as TBA.

How investors are separating “mega” IPOs from the rest

Across the posts, two buckets stand out: mega listings and high-growth consumer-tech listings. Jio and NSE dominate the “mega” category because the context provides very large issue size references and frames them as market events. PhonePe sits between the two buckets because it is large in scale but still discussed like a tech IPO. Zepto and OYO are more narrative-driven in the provided discussion, with attention on growth, expansion costs, or profitability markers like EBITDA. Another theme is “filing language” as a credibility signal, with DRHP, updated DRHP, and confidential draft papers repeatedly referenced. Social trackers also mix “expected issue size” tables with “calendar tables,” which can cause confusion if readers treat them as equally final. This is visible in PhonePe’s case, where issue-size estimates differ across posts. For retail investors, the practical takeaway is that IPO anticipation online often rises sharply once dates, price bands, or an RHP appear, as seen with NSE.

September 2026 mainboard buzz adds to the IPO narrative

Separate from the 2026 “most awaited” list, the context includes a September mainboard IPO calendar that is being widely reposted. It includes A-One Steels (24-28 September, ₹405 crore, ₹385-₹405 band), Swastika Infra (23-25 September, ₹161 crore, ₹175-₹185 band), Elevate Campuses (23-25 September, ₹2,100 crore, ₹343-₹362 band), ArMee Infotech (23-25 September, ₹300 crore, ₹350-₹375 band), and Varmora Granito (22-24 September, ₹708.02 crore, ₹140-₹148 band). It also lists Sonaselection India (17-21 September, ₹142 crore, ₹94-₹99 band). The same calendar places NSE in the 17-21 September slot, which is why it is being discussed both as a mega 2026 IPO and as an imminent mainboard event. This broader September pipeline matters because it shapes sentiment about IPO liquidity and investor attention. Even when the “most awaited” names are scheduled later, a crowded near-term calendar can influence how retail capital is allocated.

What to watch next, based on the same social context

The provided context includes additional large-name IPO candidates for 2026 beyond the top five. Razorpay is mentioned as having filed confidential draft papers with SEBI to raise $100-$100 million. Zetwerk is described as planning an IPO that could raise $150 million, as a mix of new and existing shares. The lists also mention Flipkart shifting its legal domicile from Singapore to India and being in the process of filing the DRHP. SBI Mutual Fund is noted as having received SEBI approval, with an issue “to launch soon,” while specific terms remain TBA in the shared tables. These names matter because they reinforce the broader social claim that 2026 could be a heavy year for large startup and financial listings. Still, the most awaited set, as reflected in repeated mentions and the density of details shared, remains Jio, NSE, PhonePe, Zepto, and OYO.