India's Tech Sector and NSE Prepare for Major IPO Wave in 2026

India's IPO market is set for significant activity in 2026, with over 11 tech firms, including PhonePe, Zepto, and OYO, planning public listings to raise more than Rs. 36,700 crore. This follows a record 2025 when India led globally with 20 venture-backed startups going public and 28 profitable unicorns emerging. The upcoming IPOs span fintech, e-commerce, AI, and logistics sectors, amid regulatory and competitive challenges. The National Stock Exchange's potential listing and firms like Fractal Analytics also contribute to a broader Rs. 1.5 lakh crore IPO wave anticipated next year.