India's IPO market is expected to surpass $25 billion in 2026 , with major listings from companies like PhonePe, Manipal Hospitals, and Zepto. Over 90 IPO approvals are pending, signaling strong market interest and investor appetite despite earlier market slowdowns. Goldman Sachs and JPMorgan have forecasted that easing regulations will continue to drive the boom, positioning 2026 as a record year for Indian IPOs.