Major Upcoming IPOs to the India market

Upcoming IPOs Likely in 2026 – Company-wise Detailed Analysis

(Based on your shared image – Total Expected Fund Raise: ₹49,712 crore)

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1️⃣ PhonePe IPO Upcoming IPO

Expected IPO Size: ₹13,500 crore
Sector: Fintech / Digital Payments

Company Overview

PhonePe is India’s largest UPI-based digital payments platform, used by over 500 million registered users. Beyond payments, it offers insurance, mutual funds, gold, and lending products.

Why IPO in 2026? Upcoming IPOs to the India market

PhonePe has completed its shift to an India-domiciled company, which is a key requirement for Indian listing. The IPO will help improve brand trust and fund fintech expansion.

Expected Price Band (Estimate)

➡ ₹95 – ₹115 per share (subject to valuation & share structure)

Grey Market Premium (GMP)

🔹 Not active yet
🔹 Expected to be strong closer to launch due to brand dominance

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2️⃣ Zepto IPO Major Upcoming IPOs to the India market

Expected IPO Size: ₹12,000 crore
Sector: Quick Commerce / Grocery Delivery

Company Overview

Zepto is a 10-minute grocery delivery startup operating in major Indian cities. It runs micro-warehouses to deliver essentials faster than traditional e-commerce players.

Why IPO in 2026?

Zepto has achieved high revenue growth and is improving profitability. The IPO will fund expansion, dark stores, and logistics tech.

Expected Price Band (Estimate)

➡ ₹160 – ₹190 per share (early estimates)

Grey Market Premium (GMP)

🔹 Not started
🔹 High retail interest expected due to quick-commerce buzz

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3️⃣ OYO (Oravel Stays) IPO Major Upcoming IPOs to the India market

Expected IPO Size: ₹6,650 crore
Sector: Hospitality & Travel Tech

Company Overview

OYO operates a tech-driven hotel aggregation platform, focusing on budget hotels across India and international markets.

Why IPO in 2026?

After restructuring and improving cash flows, OYO is again preparing for listing with better financial discipline.

Expected Price Band (Estimate)

➡ ₹70 – ₹85 per share

Grey Market Premium (GMP)

🔹 Previously weak (earlier attempt)
🔹 2026 GMP will depend on profitability numbers

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4️⃣ Infra.Market IPO Major Upcoming IPOs to the India market

Expected IPO Size: ₹5,000 crore
Sector: Construction Materials / Infrastructure

Company Overview

Infra.Market supplies cement, steel, concrete, and construction materials to infrastructure and real estate projects.

Why IPO in 2026?

India’s infrastructure boom makes Infra.Market a strong B2B play. IPO funds will support working capital and geographic expansion.

Expected Price Band (Estimate)

➡ ₹140 – ₹165 per share

Grey Market Premium (GMP)

🔹 Not available yet
🔹 Likely moderate to strong closer to issue

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5️⃣ Fractal Analytics IPO

Expected IPO Size: ₹4,900 crore
Sector: AI / Data Analytics

Company Overview

Fractal provides AI, machine learning, and data analytics solutions to global companies in banking, retail, and healthcare.

Why IPO in 2026?

Rising demand for AI-driven decision systems makes Fractal attractive for long-term investors.

Expected Price Band (Estimate)

➡ ₹380 – ₹420 per share

Grey Market Premium (GMP)

🔹 Expected to attract institutional interest
🔹 GMP will depend on global tech sentiment

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6️⃣ Shiprocket IPO

Expected IPO Size: ₹2,342 crore
Sector: Logistics / E-commerce Enablement

Company Overview

Shiprocket helps online sellers manage shipping, warehousing, and logistics across multiple courier partners.

Expected Price Band (Estimate)

➡ ₹115 – ₹135 per share

GMP Status

🔹 Not live yet
🔹 Strong SME & startup investor interest expected

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7️⃣ Shadowfax IPO

Expected IPO Size: ₹2,000 crore
Sector: Last-Mile Logistics

Company Overview

Shadowfax provides hyperlocal delivery services for food, e-commerce, and pharmacy companies.

Expected Price Band (Estimate)

➡ ₹90 – ₹110 per share

GMP Status

🔹 Not available yet
🔹 Will depend on profitability metrics

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8️⃣ Boat (Imagine Marketing) IPO

Expected IPO Size: ₹1,500 crore
Sector: Consumer Electronics / Wearables

Company Overview

Boat is India’s leading audio and wearable accessories brand, popular among young consumers.

Expected Price Band (Estimate)

➡ ₹65 – ₹80 per share

GMP Status

🔹 Retail-friendly brand
🔹 GMP may be moderate

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9️⃣ Amagi Labs IPO

Expected IPO Size: ₹1,020 crore
Sector: AdTech / Media Analytics

Company Overview

Amagi provides AI-based ad analytics for TV and digital streaming platforms worldwide.

Expected Price Band (Estimate)

➡ ₹105 – ₹125 per share

GMP Status

🔹 Niche but high-quality business
🔹 GMP likely closer to issue date

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🔟 Curefoods IPO

Expected IPO Size: ₹800 crore
Sector: FoodTech / Cloud Kitchens

Company Overview

Curefoods operates popular food brands like EatFit, HRX, and Alchemy Coffee, focusing on healthy eating.

Expected Price Band (Estimate)

➡ ₹85 – ₹100 per share

GMP Status

🔹 Dependent on foodtech sentiment
🔹 Likely retail-driven IPO

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📊 Summary Table (SEO-Friendly)

Company	IPO Size (₹ Cr)	Price Band (Expected)	GMP Status
PhonePe	13,500	₹95–115	Not started
Zepto	12,000	₹160–190	Not started
OYO	6,650	₹70–85	Weak–Moderate
Infra.Market	5,000	₹140–165	Awaited
Fractal	4,900	₹380–420	Awaited
Shiprocket	2,342	₹115–135	Awaited
Shadowfax	2,000	₹90–110	Awaited
Boat	1,500	₹65–80	Awaited
Amagi Labs	1,020	₹105–125	Awaited
Curefoods	800	₹85–100	Awaited

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