In 2026, the Indian primary market has been hyperactive, with a listing pipeline spanning sectors such as financial services, quick commerce, telecom, and hospitality. To the retail investor, the fundamental problem is not just to find a chance to apply, but to understand which names are worth consideration and why.
In this blog, we will explore the five new listings that are actually worth your time and how you can keep track of your applications.
5 New listings to watch this season
Here are the 5 upcoming IPO in the next few months that are worth your consideration:
1. PhonePe
PhonePe, a fintech giant backed by Walmart, is among the most awaited new listings of 2026. The digital payments market leader and leader of the UPI ecosystem in India received approval from the Securities and Exchange Board of India (SEBI) and officially filed its Updated Draft Red Herring Prospectus (UDRHP) earlier this year, on January 21, 2026.
The public issue is expected to raise around ₹12,000 crore and will be a 100% offer for sale (OFS) of 5.06 crore equity shares. PhonePe aims for a valuation of nearly $9–15 billion, and its operating revenues rose by 40% to over ₹7,115 crore in FY24-25.
2. Hero FinCorp
This Non-Banking Financial Company (NBFC) is a part of the renowned Hero Group and has been closely monitored by both institutional and retail investors. With robust asset under management (AUM) growth, Hero FinCorp has a diversified loan book, which includes two-wheeler financing, MSME credit, and personal loans.
The company is looking to go public with a fresh issue of ₹2,100 crore and an OFS of ₹1,568.13 crore from existing shareholders. This upcoming listing is a fundamentally strong, high-growth investment opportunity for investors who seek to benefit from India’s booming retail credit cycle.
3. NSE (National Stock Exchange)
The National Stock Exchange IPO is among the most eagerly awaited listings in the history of domestic markets, and it has been a decade in coming after being held up by regulatory reviews. On June 17, 2026, NSE submitted its Draft Red Herring Prospectus (DRHP) to SEBI.
The public issue’s estimated size is ₹30,000 crore and is organised as a 100% Offer for Sale (OFS); current investors will dilute around 6% of the current equity capital of the exchange. Aiming at a valuation of approximately ₹5 lakh crore, this listing presents a unique investing opportunity to investors.
4. Reliance Jio
Mukesh Ambani announced at the 49th Annual General Meeting of Reliance Industries that Reliance Jio has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 19, 2026. The IPO comprises a fresh issue of up to 27.00 crore equity shares.
The IPO is expected to be about $3 billion, and it was announced that the proceeds would primarily be used to pay down the company’s debt. The remaining funds would be used for meeting general corporate requirements.
5. OYO (PRISM Hotels and Resorts)
With two earlier withdrawals, the parent company of OYO, which has now been renamed PRISM, is making a reattempt to enter the public markets. On June 30, 2026, the hospitality technology giant submitted its Updated Draft Red Herring Prospectus (UDRHP) to SEBI. The IPO is priced at ₹6,650 crore and is a 100% fresh issue.
The primary objective of this listing is to clean up the balance sheet, and about ₹4,987.5 crore from the IPO proceeds is to be used to pay off debt. OYO is expanding its operations on a freshly laid base of profitability, with a Profit After Tax (PAT) of ₹748 crore in the first nine months of FY26.
How to track where you stand?
After an IPO subscription window closes, in a few days, IPO allotment is finalised. To check the IPO allotment status, you can use any of the following platforms by entering your PAN, Application Number, or DP Client ID:
- Register websites: You can visit the official registrar of the IPO (such as Link Intime, KFin Technologies, or Bigshare Services) to check your allotment status the moment it is finalised.
- BSE/NSE websites: Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have dedicated sections on their official websites for investors to check the status of their IPO applications.
- Broker apps: The majority of the leading discount brokers will push a notification or email to you when allotment is completed. You can also check the IPO or Order Book section to see if the shares have been credited to your Demat account or if your blocked funds have been released.
The bottom line
The mid-2026 season is providing a wide array of new market entrants, offering various new investment opportunities to investors. Before investing in a newly listed company, investors should carefully evaluate its underlying business model, corporate governance, and balance sheet strength, rather than blindly relying on speculative market hype.
Each of the names on this list mentioned above has its own risk-reward profile, and for an investor, they present an exciting opportunity to invest in India’s growth story.