Last Updated on June 24, 2026 7:00 pm by BIZNAMA NEWS
BIZ DESK
India’s IPO market in 2026 is buzzing with activity, with both ongoing SME issues and blockbuster offerings lined up from giants like Reliance Jio, Flipkart, and PhonePe. Retail investors are seeing a mix of niche sector plays and mega listings that could reshape the stock market landscape.
Ongoing IPOs (June–July 2026)
Several companies are currently open or recently closed for subscription, spanning diverse industries:
- Knack Packaging – ₹439.5 crore issue (July 1–3), price band ₹161–170. Specializes in flexible packaging solutions.
- Aastha Spintex – ₹170 crore issue (June 29–July 1), price band ₹125–136. Textile manufacturer focusing on yarn and fabrics.
- CSM Technologies – ₹146 crore issue (June 24–29), price band ₹107–113. IT services and digital transformation firm.
- Waterways Leisure Tourism – ₹585 crore issue (June 23–25), price band ₹769–808. Operates luxury cruise and tourism services.
- Turtlemint Fintech – ₹883 crore issue (June 19–23), price band ₹144–152. Insurance-tech platform connecting customers with policies digitally.
- CMR Green Technologies – ₹630.88 crore issue (June 3–5), price band ₹182–192. Focused on recycling and sustainable metal recovery. IPO Watch
Upcoming Mega IPOs in 2026
The pipeline includes some of India’s most anticipated listings:
- Reliance Jio – Telecom giant expected to be one of the largest IPOs in Indian history.
- Flipkart – E-commerce leader aiming for a global-scale listing.
- PhonePe – Digital payments unicorn with massive user base.
- boAt – Consumer electronics brand, IPO size around ₹1,500 crore.
- SBI Mutual Fund – India’s largest mutual fund house entering public markets.
- Hero Fincorp – Financial services arm of Hero Group, IPO size ₹3,668 crore.
- Zepto – Quick-commerce startup riding the instant delivery wave.
- OYO – Hospitality giant finally moving towards listing after delays.
- National Stock Exchange (NSE) – India’s premier exchange itself preparing for a landmark IPO.
Market Sentiment
- Retail participation is at record highs, with over 25 lakh new demat accounts opening monthly.
- Foreign institutional investors have returned strongly after risk-off phases in 2024–25.
- SEBI approvals are faster, reducing IPO launch delays. ipomarket.in
Risks & Considerations
- Market volatility could delay some launches.
- High valuations in tech IPOs may test investor appetite.
- Retail investors should carefully assess fundamentals rather than chasing hype.
Primary Market Pulse: IPO Dashboard
Subscription metrics across ongoing initial public offerings revealed a mixed bag of retail and institutional enthusiasm as of Wednesday afternoon:
- Advit Jewels: The issue witnessed massive retail frenzy, racking up a whopping 42.76x subscription on its second day of bidding. The company received bids for 35.83 crore shares against an offer size of 83.79 lakh shares in the price band of Rs 130–138.
- Waterways Leisure Tourism: The cruise and hospitality player saw moderate traction, securing 0.50x subscription on Day 2, accumulating bids for 21.10 lakh shares out of 41.84 lakh on offer (Price band: Rs 769–808).
- CSM Technologies: The IT services firm opened its bidding cycle today, securing a steady opening subscription of 0.25x against its issue size of 1.11 crore shares (Price band: Rs 107–113; closes June 29).
In short, India’s IPO calendar for 2026 is packed with opportunities across packaging, fintech, tourism, and mega consumer-tech names. The mix of ongoing SME issues and upcoming giants like Reliance Jio and Flipkart makes this year one of the most dynamic for the Indian stock market.
Disclaimer
This report is for educational and informational purposes only and should not be considered investment advice, stock recommendations, or a solicitation to buy/sell securities. IPO investments carry risks including market volatility, valuation concerns, liquidity risks, and business execution risks. Investors should read the company’s Red Herring Prospectus (RHP/DRHP), evaluate financials, and consult a SEBI-registered financial advisor before investing.