Indian Startup IPO Tracker 2026

The surge was driven by a combination of macroeconomic tailwinds and regulatory support. While robust GDP growth projections helped revive investor appetite, SEBI’s reforms played a key role.

Measures such as simplified DRHP filings reduced red tape, while more flexible ESOP rules allowed founders to retain meaningful ownership. Retail investors also fuelled the frenzy as demat accounts crossed the 20 Cr mark.

What Happened

The OFS component dominated public issues last year, providing liquidity to the early backers of the new-age tech companies. Post-listing performance also followed the usual curve, with investors rewarding companies that prioritised profits, sustainable growth and governance over hype.

• FOLLOW US FOLLOW US Added to Saved Stories in Login VIEW SAVED STORIES Dalal Street emerged as a founder’s paradise in 2025, with 18 Indian startups listing on the bourses and collectively mopping up.

• However, unlike 2025, most of the startups listings so far this year have either been flat or outright lacklustre, barring SEDEMAC and Kissht.

• Unicorns like OYO, InMobi and Zetwerk alone could raise over ₹37,000 Cr in 2026, making it one of the biggest years for startup IPOs.

Key Details

Building on the momentum, seven new-age tech companies have already made their D-Street debut so far this year. Nevertheless, the IPO pipeline remains strong.

• However, recalibration is likely to define 2026 as investors are expected to prioritise strong fundamentals, profitability and low cash burn when backing new-age tech companies.

• IPO-bound startups in 2026 will be increasingly defined by their ability to demonstrate predictable cash flows, sustainable unit economics, and operational discipline rather than headline growth alone.

• Startups That Have Taken The IPO Plunge In 2026 Amagi Founded in 2008 by Baskar Subramanian, Srinivasan KA and Srividhya Srinivasan, Amagi offers a comprehensive cloud-based suite that enables broadcasters to create, manage, distribute.

Why It Matters

Twenty nine startups have already filed their DRHPs with SEBI, while over 24 are in various stages of finalising their IPO plans. Average retail subscription levels are moderating, while foreign institutional investors (FIIs) are pulling back in droves, reflecting caution amid geopolitical.

• The company filed its DRHP with SEBI in July 2025 and secured the markets regulator’s approval in November that year.

• In January 2026, Amagi filed its red herring prospectus (RHP), detailing a fresh issue of ₹816 Cr and an OFS component of up to 2.69 Cr shares.

What Reports Say

Coverage of the story so far points to:

• The company had set a price band of ₹343–361 per share for its public issue, valuing it at ₹7,966 Cr (nearly $885 Mn) at the upper end of the spectrum.

• The stock listed at ₹317 apiece on the BSE, a discount of 12.2% to the issue price of ₹361.

• Continued reporting by Inc42 as more details emerge