The Upcoming IPOs Of 2026

In 2026, the Indian primary markets are witnessing a high-stakes recalibration. Initial public offerings (IPOs) of Milky Mist, Snapdeal, PhonePe, Duroflex, NSE, Zepto, OYO, PayU and more are in the offing.

There are diverse businesses transitioning from private successes to public entities. So, the focus is not on whether their operational efficiencies can sustain the scrutiny of Dalal Street.

Now, there is an important question for investors: can it be better prioritising high-growth tech disruptors or established, cash-flow-positive brands for a long-term strategy?

A Snapshot Of Upcoming IPOs Of 2026

Here are brief available details on some of the anticipated listings of 2026.

Snapdeal (AceVector)

Snapdeal’s parent company AceVector Limited has filed a Updated Draft Red Herring Prospectus (UDRHP) comprising a fresh issue of ₹300 Cr. The issue will also include an Offer For Sale (OFS) of ₹6.38 Cr. The company operates Snapdeal, Unicommerce and Stellaro Brands, with Snapdeal being one of its most well-known subsidiaries. Hence, the AceVector IPO is also being referred to as the Snapdeal IPO. Here are the details.

Zepto

Zepto is a quick-commerce sensation. It is fine-tuning its operations ahead of its listing. It is shifting its focus from aggressive user acquisition to improving its bottom line. As it prepares for its grand listing, it is focusing on its ability to maintain rapid delivery timelines while managing the high logistical costs of the ultra-fast delivery model. Recently, it streamlined its loyalty programmes and membership structures. Here are the Zepto IPO details:

Oravel Stays (OYO)

OYO is a modern, technology-driven platform in the fragmented global hospitality industry. This company has built a huge network of franchised and leased spaces. Its listing is expected to be a benchmark for the travel-tech sector. Its business model seems to reflect the post-pandemic recovery and the increasing formalisation of budget stays globally. Here are the OYO IPO details.

Milky Mist

The Tamil Nadu-based dairy major has carved a niche by staying away from liquid milk and focusing entirely on high margins. It focuses on value-added products like paneer and yogurt. Its strength lies in a tightly controlled manufacturing base and a growing presence in the premium, health-forward dairy segment. Currently, it is facing regional concentration in the southern states. However, its national expansion plans and debt-reduction strategy make it a significant player in the fast-moving-consumer-goods (FMCG)-dairy crossover space. Here are the Milky Mist IPO details:

Duroflex

The company is a popular name in the mattress and sleep solutions segment. The company has received the regulatory green light to proceed with its listing. Currently, consumers seem to be increasingly prioritising home wellness and lifestyle upgrades. The brand's long-standing reputation and manufacturing scale could make it a steady contender in the consumer durables category. Here are the Duroflex IPO details.

National Stock Exchange (NSE)

This is the IPO of the country’s major exchange. The NSE IPO is one of the most anticipated events for the institutional segment. The IPO has recently cleared major legal hurdles regarding its operational norms. Now, the exchange is proceeding via an offer for sale. This listing could be a pure-play opportunity to participate in the growth of the Indian capital market infrastructure itself. Here are the NSE IPO details.

PhonePe

PhonePe is a Walmart-backed fintech giant. It is preparing for a listing that could re-rate the entire digital payments ecosystem. It seems to dominate the unified payments interface (UPI) landscape. But its path forward involves diversifying revenue streams into digital gold and credit business to offset regulatory caps on market share. Its valuation could serve as an important benchmark for the wider Indian fintech sector. Here are the PhonePe IPO details.

PayU

PayU is moving ahead with its proposed listing. The Prosus-owned payments firm is focusing on strengthening its corporate governance and credit portfolio. It is diluting a minority stake to gauge public demand. The company is strategically positioning itself to capture the next wave of real-time payment technology, adopted through its recent domestic investments and banking partnerships. Here are the PayU IPO details:

Also Read - SBI Funds IPO Could Be India’s Biggest AMC Listing At $1.5 Billion

Investor Takeaway

The primary markets are set for a high-action environment. The 2026 IPO calendar could offer a unique blend of "Old Economy" resilience and "New Economy" innovation. It would be interesting to see how these IPOs perform during their subscription timeline and post listing.

Source:

Economic Times

Livemint

Moneycontrol

Chittorgarh

Financial Express