SBI Funds, Manipal Health anchor H2 2026 IPO revival; Zepto, Flipkart, PhonePe, Jio in queue

India's primary market is set for a busy second half of 2026, led by SBI Funds Management (~$1.1bn) and Manipal Health. Consumer-facing names including Zepto, Flipkart, PhonePe and Reliance Jio could follow as sentiment recovers, reshaping retail-sector listings worth $5-8.5bn.

— Source publishedFri, 29 May, 2026, 06:00 IST·First seen Fri, 29 May, 2026, 06:02 IST·Source Mint

What happened

India's IPO pipeline reviving in H2 2026, led by SBI Funds and Manipal Health. Retail-relevant issuers including Zepto, Flipkart, PhonePe and Reliance Jio may

Key facts

  • ₹13,000 crore
  • $1.1 billion
  • $500 million
  • $5-6 billion
  • $8.0-8.5 billion
  • ₹8,000 crore
  • ₹1.76 lakh crore
  • ₹19,854 crore

Why this matters

Accelerate pre-IPO M&A and partnership conversations now, as Zepto, Flipkart, PhonePe, and Jio listings will tighten valuations and shrink the window for private consolidation.

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