India's primary market is set for a major surge in 2026 as 11 new-age technology companies plan to raise approximately ₹36,700 crore via Initial Public Offerings. This follows robust IPO activity in 2025 and a recovery in 2024, signaling renewed investor confidence in the digital economy despite past market volatility. Prominent names like PhonePe, Zepto, and OYO are among those preparing to list.
2026 IPO Pipeline Packed
India's capital markets are anticipating a significant influx of new-age technology firms in 2026, with projections indicating that up to 11 companies could collectively aim to raise around ₹36,700 crore through Initial Public Offerings (IPOs). This outlook is supported by strong sentiment in the primary market and the improving post-listing performance of technology-led businesses.
The surge in planned listings builds on a strong rebound seen over the past two years. In 2025, nine prominent new-age technology companies successfully raised ₹30,602 crore, marking the highest annual fundraising since 2021. This period of recovery began in 2024, which saw 10 new-age tech companies debut on the exchanges, collectively raising approximately ₹30,000 crore.
### Key Players Prepare for Launch
Several prominent consumer internet, fintech, logistics, and SaaS-driven companies are gearing up to test investor appetite. The anticipated list includes digital payments giant PhonePe, aiming for an IPO of roughly ₹12,000 crore. Quick-commerce firm Zepto is reportedly exploring a public issue of about ₹11,000 crore. Hospitality platform OYO's parent, PRISM, is also back in the IPO pipeline with a proposed issue size of nearly ₹6,650 crore. Other companies preparing for listings include boAt, AceVector, Fractal Analytics, Curefoods India, Shiprocket, Shadowfax, Turtlemint, and Innovatiview India.
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