Jio, PhonePe and Zepto feature in India’s Rs 4.66 lakh crore IPO pipeline

India’s 238-company IPO queue is estimated at Rs 4.66 lakh crore. Jio Platforms leads consumer-facing names with a proposed Rs 37,700 crore issue, alongside PhonePe, Zepto, Carlsberg India, Prism/OYO and Cult.fit. Timing remains subject to market conditions and regulatory clearances.

— Source publishedThu, 3 Sept, 2026, 15:13 IST·First seen Thu, 3 Sept, 2026, 15:33 IST·Source Financial Express · BrandWagon

What happened

India’s Rs 4.66 lakh crore IPO queue includes consumer-facing operators Jio Platforms, PhonePe, Zepto, Carlsberg India, Prism/OYO and Cult.fit. Jio’s proposed

Key facts

  • Rs 4.66 lakh crore estimated pipeline
  • 238 companies
  • 167 SEBI-approved companies
  • Rs 3,05,933 crore approved pipeline
  • 71 companies awaiting SEBI approval
  • Rs 1,59,680 crore pending-approval pipeline
  • Jio Platforms: Rs 37,700 crore
  • PhonePe: Rs 12,000 crore
  • Carlsberg India: Rs 6,300 crore
  • Zepto: Rs 5,106 crore
  • Prism: Rs 6,650 crore

Why this matters

The prospective listings could reset valuation benchmarks for India’s consumer-tech sector and create partnership, acquisition and competitive-response opportunities for strategic buyers.