The Indian IPO market continues to attract strong investor interest in 2026. After a record-breaking 2025 with over 80 mainboard IPOs, the momentum shows no signs of slowing down. Here’s a comprehensive guide to the most anticipated IPOs expected in April 2026.
Confirmed IPOs for April 2026
1. Tata Capital IPO
- Expected Date: April 8-10, 2026
- Issue Size: Rs 15,000-18,000 crore (estimated)
- Price Band: To be announced
- Lot Size: TBA
Tata Capital, the financial services arm of the Tata Group, is expected to be one of the largest IPOs of 2026. The NBFC has shown strong growth with AUM crossing Rs 1.5 lakh crore. Backed by the Tata brand and strong corporate governance, this IPO is likely to see massive oversubscription.
2. PharmEasy (API Holdings) IPO
- Expected Date: April 15-17, 2026
- Issue Size: Rs 5,000-6,000 crore
- Type: Fresh issue + OFS
India’s largest digital healthcare platform is finally making its public market debut after multiple delays. The company has achieved operational profitability and controls approximately 30% of the online pharmacy market.
3. Boat (Imagine Marketing) IPO
- Expected Date: April 22-24, 2026
- Issue Size: Rs 3,500-4,000 crore
Boat has established itself as India’s top wearable and audio brand, commanding over 35% market share. With revenue growing at 40% CAGR and strong brand recall among millennials, this consumer tech IPO is highly anticipated.
How to Evaluate an IPO
Before applying to any IPO, consider these key factors:
- Business Model: Is the company in a growing industry with sustainable competitive advantages?
- Financial Health: Check revenue growth, profitability, debt levels, and cash flow generation
- Valuations: Compare P/E ratio with listed peers — premium valuations need strong justification
- Promoter Track Record: Experienced management with clean corporate governance is essential
- Use of IPO Proceeds: Growth capex and debt reduction are positive; excessive promoter selling is a red flag
IPO Application Tips
- Apply in the retail category for 35% quota reservation
- Use multiple demat accounts (family members) to increase allotment chances
- Apply at the cut-off price for maximum allotment probability
- Use UPI-based ASBA for faster and smoother application process
- Check GMP (Grey Market Premium) for listing day sentiment, but don’t rely solely on it
Note: IPO dates and details are based on market reports and SEBI filings as of March 2026. Actual dates may vary. Always check the latest DRHP/RHP before investing.
