IPO Market Outlook 2026: Zepto, NSE, boAt And Other Primary Market — What Lies Ahead

2025 has been a record year for India’s IPO market, with several large listings and strong participation across mainboard and SME segments. In this Business Today discussion, Prashanth Tapse , Sr VP Research Analyst ,Mehta Equities shares his outlook on the IPO pipeline for 2026, including Zepto’s reported confidential filing for a ₹10,000–11,000 crore public issue. He explains how Zepto’s listing could intensify competition in the quick commerce space alongside Zomato’s parent Eternal and Swiggy. Tapsee also highlights sustained investor appetite, strong liquidity, and the listing of nearly 365 companies in 2025 as signs that IPO momentum may continue. Among the most anticipated listings in 2026, he flags NSE as the long-awaited and potentially biggest IPO to watch.