IPO Pipeline 2026: NSE, Jio & Zepto Queue Up

IPO Pipeline 2026: What the Filing Calendar Actually Tells You The Indian IPO pipeline for 2026 is no longer rumor. NSE has convened an Extraordinary General Meeting for May 25 to approve Articles of Association amendments, a procedural step that almost always precedes a DRHP submission. The exchange is targeting that filing by mid-June, anchored to its March 2026 audited financials, with a listing window in H2 CY2026. Zepto has reportedly secured SEBI approval for a $1.3 billion IPO as early as next month. [Reliance Industries](/stock/RELIANCE) had already flagged H1 2026 as the target for listing Jio Platforms. Three names. One very crowded calendar. The timing isn't accidental. SEBI's recently amended norms now permit issuers to reduce their fresh issue size by up to 50% without refiling a DRHP. That's a significant structural change giving companies room to pull back if markets turn. It matters in a year when Nifty valuations remain elevated and retail investor sentiment can shift fast. Issuers are essentially buying an option: file when conditions are favorable, resize if they're not. For investors, the question isn't whether these IPOs will happen. It's what they displace, dilute, or validate in existing portfolios. How NSE's Listing Changes the Exchange Sector Math NSE going public is the most structurally interesting of the three. It's been in regulatory limbo for years due to co-location scandal fallout, ownership structure concerns, and SEBI scrutiny. The May 25 EGM suggests those hurdles are finally cleared or nearly so. NSE's FY2025 revenue reportedly exceeded ₹15,000 crore with PAT margins that would make most listed companies envious. Once public, it becomes a direct benchmark against BSE, which currently trades at roughly 60x earnings. A listed NSE would immediately attract index inclusion debates and force a rerating conversation across the exchange sector. BSE isn't the only stock worth watching here. [Info Edge (Naukri)](/stock/NAUKRI) sits i...