BIZ DESK
India’s IPO market is heating up again. Investment bankers expect more than a dozen companies to launch IPOs in the coming weeks, potentially raising around ₹45,000 crore, driven by strong market sentiment and abundant liquidity.
Ongoing IPOs
1. Turtlemint Fintech Solutions
Sector: Insurtech / Financial Technology
What the company does:
Turtlemint operates a digital insurance marketplace where customers and insurance advisors can compare and sell insurance products online.
IPO Highlights
- IPO size: About ₹883 crore
- Listing expected on 29 June 2026
- Funds likely to be used for technology development, business expansion, and corporate purposes.
Investment Theme: Growth in India’s digital insurance penetration.
2. Sri Priyanka Geo Commex
Sector: Commodities
What the company does:
Engaged in commodity-focused trading and related business activities.
Current Status
- SME IPO opened on 24 June 2026.
- Grey market sentiment remains subdued.
Investment Theme: Commodity trading and distribution.
3. Dhanwel Hybrid Seeds
Sector: Agriculture
What the company does:
Produces and markets hybrid seeds across multiple crop categories.
Current Status
- IPO opened on 24 June 2026.
- Grey market premium remains muted.
Investment Theme: India’s growing agricultural productivity and seed market.
Major Upcoming IPOs to Watch
1. National Stock Exchange of India (NSE)
Why it matters:
One of the most anticipated IPOs in Indian market history.
About the company
- India’s largest stock exchange.
- World’s most active derivatives exchange by volume.
- FY26 net profit exceeded ₹10,000 crore.
Why investors are excited
- Strong profitability.
- Monopoly-like position in several segments.
- Massive retail participation.
2. Jio Platforms
Sector: Telecom & Digital Services
What the company does
- Runs Jio telecom services.
- Operates digital platforms including content, cloud, AI and enterprise services.
Latest Update
- DRHP filed with SEBI in June 2026.
Why investors are excited
- One of India’s largest digital businesses.
- Massive subscriber base.
- Potential mega IPO by valuation.
3. Paras Healthcare
Sector: Healthcare
What the company does
Operates multi-specialty hospitals across India.
Latest Update
- Filed DRHP with SEBI in June 2026.
Investment Theme: Rising healthcare demand and hospital expansion.
4. Fabindia Limited
Sector: Retail & Lifestyle
What the company does
Sells ethnic apparel, home décor, furnishings, and lifestyle products through a large retail network.
Investment Theme: Premium Indian lifestyle and consumer spending growth.
Other IPO Candidates Being Watched
- SBI Mutual Fund – Received SEBI approval for IPO process.
- PhonePe – Expected future IPO candidate.
- Hero FinCorp – Frequently discussed among upcoming listings.
- Flipkart – Market participants continue to watch for IPO developments.
IPO Market Outlook
The biggest stories for the next few months are likely to be:
- NSE IPO
- Jio Platforms IPO
- Healthcare and fintech listings
- Continued activity in the SME segment
These offerings could make the second half of 2026 one of the busiest IPO periods India has seen in recent years.
If you’d like, I can also prepare a “Top 10 IPOs to Buy/Watch in 2026” report with risks, valuation view, and listing gain potential for each company.
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).
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.
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.