Upcoming Mega IPOs 2026 – SBI Mutual Fund (₹11,692 Cr), Hero FinCorp, NSE, PhonePe & More, Check Full List

Upcoming IPOs: Investor enthusiasm regarding IPOs in the country’s stock market is steadily rising. Over the past few years, companies of all sizes—both large and small—have raised capital by listing on the stock market, creating new opportunities for investors. The IPO market remains highly active, with numerous companies currently open for investment and many major firms preparing to launch their own IPOs.

Investors typically seek companies with strong business fundamentals, significant future growth potential, and the likelihood of delivering excellent post-listing performance. However, before investing in any IPO, it is crucial to evaluate the company’s financial performance, associated risks, and valuation.

What is an IPO?

An IPO (Initial Public Offering) is the process by which a private company sells its shares to the general public for the first time and lists on the stock market. Following the IPO, the company’s shares are traded on stock exchanges. Companies utilize the capital raised through IPOs to fund new projects, reduce debt, and meet various business requirements.

Current Trading and Active IPOs

Alpine Texworld IPO

The Alpine Texworld IPO has become a topic of discussion among investors. Operating in the textile sector, the company is raising public capital to expand its business operations. A key feature of this offering is its price band, set at approximately ₹100-₹105 per share. As a mainboard IPO by a textile company seeking to raise funds for business growth, this offering could prove beneficial for investors seeking opportunities in the textile sector.

SBI Mutual Fund IPO

The SBI Mutual Fund IPO is among the most popular offerings in the market. The company is recognized as a leading player in India’s asset management industry. The price band for this IPO is set between ₹545 and ₹574 per share, and it represents a major mainboard issue. This company operates in the financial services sector and is attracting significant investor interest. Thanks to its strong brand and robust business model, the market is closely watching this IPO.
High Investor Interest

Kusumgar IPO

Kusumgar is another mainboard IPO currently generating buzz in the market. The company is seeking to raise capital for its expansion and growth plans. The price band for this IPO is approximately ₹398 to ₹419 per share. It is a mainboard listing, and there is considerable investor interest surrounding it.

Laser Power & Infra IPO

Regarding the Laser Power & Infra IPO, the company—which operates in the infrastructure and energy sectors—has also become a focal point for investors. The price band for the shares is around ₹203 to ₹214. This is a mainboard IPO, and the company plans to raise capital for infrastructure development projects. The launch is expected soon. Many companies have already filed their Draft Red Herring Prospectuses (DRHPs), and their IPOs could hit the market in the near future.

Hero FinCorp IPO

Hero FinCorp is one of India’s leading Non-Banking Financial Companies (NBFCs), offering a wide range of loans and financial services. The estimated issue size for this IPO is approximately ₹3,668 crore. Representing the financial services sector, Hero FinCorp boasts strong brand recognition, generating significant investor enthusiasm.

Carlsberg India IPO

Carlsberg India is a major player in the Indian beverage industry, and its IPO is a hot topic in the market. The estimated issue size is around ₹6,600 crore. A key highlight is the company’s prominence in the consumer products sector and the backing of a major brand.

Acko IPO

Regarding the Acko IPO, the digital insurance platform Acko is among the potential candidates for an upcoming IPO. A key highlight is that it is a major player in the digital insurance sector, featuring a technology-driven business model and a rapidly growing customer base. The company operates within the fintech sector.

PhonePe IPO

Investors have long awaited PhonePe’s IPO, a company that has established itself as one of India’s largest digital payment platforms. A primary reason for the interest in this IPO is its prominence in digital payments and UPI-based services, coupled with the rapid growth of its market.

Razorpay IPO

Razorpay is a leading company in the Indian fintech industry, offering business payment solutions and digital banking services. It maintains a strong foothold among MSME clients. This IPO is expected to generate significant buzz and could potentially become one of the most high-profile IPOs.

National Stock Exchange (NSE) IPO

The National Stock Exchange (NSE) IPO has long been one of the most anticipated listings among investors. If launched, it would likely rank among the largest and most significant IPOs in the Indian capital market, given that it is India’s primary stock exchange.

Flipkart IPO

E-commerce giant Flipkart is also working to strengthen its position for the future, suggesting it is set to launch its own IPO soon. As one of the country’s leading e-commerce platforms, the company maintains a strong foothold in the online retail sector and is attracting interest from major investors.

Conclusion

It is worth noting that the country’s IPO market is continuously evolving, with numerous new opportunities expected for investors in 2026. IPOs such as Alpine Texworld, SBI Mutual Fund, Kusumgar, and Laser Power & Infra have already captured investor attention. Meanwhile, IPOs from companies such as Hero FinCorp, Carlsberg India, Acko, PhonePe, and Razorpay could make their mark in the near future. Additionally, investors are closely watching potential IPOs from companies such as NSE, Flipkart, Zepto, and OYO.