Upcoming IPOs in India 2025-26: Reliance Jio IPO, Tata Capital IPO, Lenskart IPO, LG Electronics IPO in Focus
- 2nd September 2025
- 02:30:00 PM
- 4 min read
Mumbai | September 2 – India’s IPO market is gearing up for a blockbuster run in late 2025 and early 2026. With more than 50 mainboard IPOs already launched this year, investors are eagerly awaiting a string of high-value issues from marquee names. Reliance Jio, Tata Capital, LG Electronics India, Lenskart, and Groww are among the most anticipated listings.
The rally in public issues has already seen HDB Financial Services’ ₹12,500 crore IPO emerge as the biggest of 2025. But that record could soon be eclipsed, with bigger deals waiting in the pipeline.
Tata Capital IPO: ₹17,200 Crore Issue Set for September Launch
One of the most anticipated offerings this year is Tata Capital, which is preparing a ₹17,200 crore IPO, expected in the week of September 22, 2025.
The issue will comprise a mix of 21 crore fresh equity shares and an offer for sale (OFS) of 26.58 crore shares. Promoter Tata Sons will offload 23 crore shares, while International Finance Corporation (IFC) is set to sell 3.58 crore shares.
Proceeds from the fresh issue will strengthen the NBFC’s Tier-1 capital base and support its lending growth. The listing also complies with the RBI mandate requiring upper-layer NBFCs to go public within three years of classification. Tata Capital was tagged in this category in 2022.
Reliance Jio IPO: India’s Biggest Listing in the Making
Reliance Jio Infocomm Ltd, India’s largest telecom operator, is preparing for what could become the country’s biggest-ever IPO by June 2026.
Chairman Mukesh Ambani recently confirmed at RIL’s AGM that the company is “making all arrangements” to file for the listing. Market watchers expect a 10% equity dilution, potentially surpassing Hyundai Motor India’s record ₹27,870 crore IPO from October 2024.
If successful, Jio’s market debut would not only be the largest in India but could also set new benchmarks in Asia’s telecom sector.
LG Electronics India IPO: ₹15,000 Crore OFS on Cards
LG Electronics India, a household name in consumer appliances, is expected to launch its ₹15,000 crore IPO later this financial year. According to the company’s DRHP, the public issue will be a pure OFS of 10.18 crore shares by its South Korean parent, LG Electronics Inc. There will be no fresh share issuance.
The move will allow global investors to participate in India’s rapidly growing B2C and B2B consumer electronics market, where LG remains a key player in home appliances, smart TVs, and kitchen equipment.
Lenskart IPO: Tech-Driven Eyewear Giant Targets ₹2,150 Crore Fresh Issue
Eyewear retailer Lenskart Solutions Limited, backed by SoftBank and Temasek, is set to make its market debut after filing its DRHP in July.
The IPO consists of a ₹2,150 crore fresh issue and an OFS of 132 million shares by founders Peyush Bansal and Neha Bansal, along with investors including Schroders Capital, Kedaara Capital, and Alpha Wave Ventures.
The proceeds will fund new CoCo store expansions, technology upgrades, marketing initiatives, and potential acquisitions. Founded in 2010, Lenskart has built a strong online-to-offline (O2O) presence, making it one of India’s fastest-growing consumer internet companies.
Groww IPO: Digital Brokerage Eyes $700 Million to $1 Billion Raise
Online brokerage Groww, owned by Billionbrains Garage Ventures, has also secured SEBI’s nod for its IPO. The issue is expected to mobilise between $700 million and $1 billion (₹5,800-8,300 crore).
The offer will include both fresh issuance and an OFS component, with updated draft papers expected soon. As one of India’s leading investment tech platforms, Groww has seen exponential growth in retail equity and mutual fund participation, and its listing is keenly awaited by fintech-focused investors.
IPO Pipeline to Stay Strong Through FY26
The surge of big-ticket IPOs in 2025 and 2026 underlines India’s deepening capital markets and strong investor appetite. With Tata Capital’s ₹17,200 crore issue set to redefine 2025’s IPO landscape and Reliance Jio’s mega listing on track for 2026, the coming months promise to be among the busiest in India’s equity market history.
For investors, these IPOs represent opportunities to participate in market leaders across telecom, financial services, consumer electronics, fintech, and retail.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
