India’s IPO market in 2026 is expected to remain strong, with many well-known companies planning to launch their Initial Public Offerings (IPOs) on the mainboard segment of NSE and BSE. These IPOs provide retail and institutional investors an opportunity to invest in growing businesses at an early stage.
In this article, we cover the latest upcoming mainboard IPOs in 2026, market trends, and important tips for investors.
What is a Mainboard IPO?
A mainboard IPO is a public issue by a company listed on major stock exchanges such as NSE and BSE. These companies usually have strong financial records, larger issue sizes, and higher public participation compared to SME IPOs.
List of Upcoming Mainboard IPOs in 2026 (Expected)
Below are some of the most anticipated mainboard IPOs in India for 2026:
1. Reliance Jio Infocomm
Reliance Jio is expected to launch one of India’s biggest IPOs in 2026. The telecom giant has a massive subscriber base and strong revenue growth, making it one of the most awaited listings.
2. National Stock Exchange (NSE)
NSE’s IPO is expected after regulatory approvals. As India’s largest stock exchange by trading volume, this IPO could attract huge investor interest.
3. PhonePe
Fintech leader PhonePe is preparing for a public listing. With strong growth in UPI transactions and digital payments, it is among the top IPOs to watch.
4. Flipkart
E-commerce major Flipkart is planning its long-awaited IPO. The company operates across multiple categories including fashion, electronics, and grocery.
5. SBI Mutual Fund (SBI Funds Management)
India’s largest asset management company by AUM is expected to go public, making it an important IPO in the financial services sector.
6. Hero Fincorp
Hero MotoCorp’s NBFC arm Hero Fincorp is preparing for a mainboard IPO focused on consumer lending and MSME finance.
Why 2026 is Important for IPO Investors
- Strong retail investor participation
- Large private companies entering public markets
- Growing economy and stable capital markets
- Increased interest in fintech, telecom, and financial services stocks
Things to Check Before Applying for an IPO
Before investing in any IPO, investors should:
- Read the Red Herring Prospectus (RHP)
- Check company financials and growth prospects
- Understand business risks and competition
- Review valuation and peer comparison
Mainboard IPOs vs SME IPOs
| Feature | Mainboard IPO | SME IPO |
|---|---|---|
| Exchange | NSE & BSE | NSE SME / BSE SME |
| Company Size | Large companies | Small & mid companies |
| Liquidity | High | Lower |
| Risk Level | Moderate | Higher |
Conclusion
The year 2026 is expected to be a blockbuster year for mainboard IPOs in India. With companies like Reliance Jio, NSE, PhonePe, Flipkart, and SBI Mutual Fund preparing for listings, investors will have multiple opportunities to invest in high-growth businesses.
However, IPO investments should always be made after proper research and risk assessment.
Also Read:- What is IPO? Complete Guide to Initial Public Offering (IPO)
