Strong IPO pipeline indicates market confidence
The IPO momentum shows no sign of slowing down, with 96 companies planning to launch their IPO receiving the SEBI’s approval to raise around ₹1.25 lakh crore. The future of Indian Startup IPOs looks steady, with many startups ready to go public, and several IPOs are lined up. However, investors now believe in investing in financially strong companies that have a clear plan to make profits, rather than startups that chase growth without a sustainable business model.
Focus on profitability over rapid expansion
Earlier, Startup companies only launched their IPOs to grow users quickly, to rapid expansion, setting a higher valuation, with no clear path to sustainable profits. Unlike before, Startup companies are now launching their IPO with a focus on profitability, financial stability, positive cash flow, and consistent revenue growth. This shift gave investors confidence to invest in the start-up companies.
Diverse Sectors
In 2026, we can expect to see the launch of startup IPOs in sectors like fintech, quick commerce, SaaS, renewable energy, Healthcare, logistics, and digital consumer platforms. An innovation-driven business with clear profitability paths is likely to attract investor interest.
SEBI’s regulation
New norms and regulations announced by the SEBI played a vital role in the upcoming startup IPOs in India. An enhanced transparency, stricter disclosure requirements, and introducing a lock-in pledged pre-issue shares boost investor confidence and trust in the startup IPOs.
Investor Confidence Driving IPOs
The Indian IPO market has become strong with a strong participation of retail investors, mutual funds, domestic investors, and foreign investors. For future startup IPOs as well, we can expect to see the strong participation of the investors, supporting strong listing gains and healthy market growth.
Startups Driving Sustainable Growth
The future of Startup IPO looks strong, steady, and confident rather than uncertain. The startup companies with strong fundamental backgrounds, consistent revenue growth, an experienced management team, and realistic valuations are most likely to attract investor interest. However, startups that are chasing quick growth without a solid business foundation may struggle to sustain their business in the long term.
Upcoming Indian Startups IPO in 2026
The following are several high-profit startup companies that are planning to make their debut in the IPO market soon.
PhonePe
A fintech startup in digital payments has filed a confidential DRHP with SEBI to raise around ₹11,000–₹12,000 crore. It is targeting a valuation of around $15 billion.
Flipkart
An e-commerce startup with Walmart as its parent company has recently received approval to shift its headquarters from Singapore to India before going public.
Zepto
A quick-commerce startup that delivers grocery and everyday essential items within 10 minutes is launching its IPO in 2026. Zepto has already filed its draft paper to raise ₹11,000 crore via an IPO through a confidential filing.
OYO
A hospitality startup that offers budget hotel and travel stays is preparing to launch its IPO. The company has been in discussion with its investment bank for its IPO. The IPO might be launched in early or mid-2026.
boAt
A Consumer electronics & D2C startup company has received the approval of SEBI to raise ₹1,500 crore via an IPO. This IPO includes a fresh issue of ₹500 crores and an offer for sale of ₹1,000 crores.
Canva
One of the growing online graphic design platforms, Canva, is expected to launch its IPO in 2026-2027. The date of the IPO or any other related details has not been announced yet. But the company’s leaders and investors have signaled that the issue will be launched soon. Some analysts said that Canva can be the mega tech IPO, due to its constant revenue growth.
Razorpay
Razorpay, one of India’s leading payment solution providers, is preparing to launch its public issue soon. As per the sources, the firm is planning to raise ₹4500 crore via a fresh issue. The firm has also chosen Kotak Mahindra Capital and Axis Capital as its merchant bankers to bid for the IPO.
Kissht
Kissht (OnEMI Technology solutions) is a growing fintech startup company in India. The firm already received the SEBI’s nod on January 8, 2026, to launch its IPO. Kissht is aiming to raise ₹1000 crore via a fresh issue and around 8.88 lakh shares via an OFS.
Conclusion
For investors, the upcoming years will be going to offer great opportunities with diverse industries launching their IPOs. The future Indian Startup IPOs market seems to be stable and fundamentals-driven. As more stable startup companies plan to go public, the focus on transparency, profitability, and sustainability will strengthen investor confidence for long-term growth.
