Zepto, Oyo lead ₹4 lakh crore IPO queue as 250 firms wait out volatility
India's IPO pipeline has swelled to ₹4 lakh crore across 250 companies, but issuers are deferring launches amid geopolitical jitters. Zepto refiled DRHP for an ₹11,000-12,000 crore issue (₹8,010 crore fresh); Oyo parent Prism cleared SEBI for a ₹6,650 crore float at $7-8 billion valuation. Only 21 IPOs have hit in 2026 vs 103 mainboard listings in 2025 (₹1.76 lakh crore raised).
What happened
Indian IPO market has slowed in 2026 amid geopolitical volatility, with ₹4 lakh crore pipeline awaiting stability. Zepto filed updated DRHP for ₹11,000-12,000
Key facts
- ₹4 lakh crore pipeline
- 250 companies
- ₹1.76 lakh crore raised in 2025
- 103 mainboard IPOs
- 21 IPOs in 2026
- Zepto fresh issue ₹8,010 crore
- Zepto total IPO ₹11,000-12,000 crore
- Oyo ₹6,650 crore
- Oyo valuation $7-8 billion
Why this matters
250 companies sitting on filed DRHPs is a buyer's market for pre-IPO secondaries and bolt-ons — approach stalled issuers now with structured exits before the window reopens and valuations reset upward.