The year 2026 is going to be a page in the history of the Indian stock market, which every small and big investor was waiting for. There is going to be a rain of money on Dalal Street this year, because two of the biggest giants of the country are coming with their respective IPOs. On one side is the National Stock Exchange (NSE), which is itself a big platform of the market, while on the other side is Reliance Jio, the telecom company of Reliance Industries chief Mukesh Ambani. Both these companies are in the race to bring the country's biggest IPO. While NSE is bringing an issue of Rs 30,000 crore, Jio is preparing to raise Rs 37,776 crore.
India's largest stock exchange NSE has submitted its draft papers (DRHP) to the market regulator SEBI. According to market experts, the size of this issue is estimated to be around Rs 30,000 crore. If this happens, the total market cap of the company will cross the magical figure of Rs 5 lakh crore. This exchange, which has made its mark in the derivatives business across the world, already has around 1.8 lakh shareholders. The way the craze of options trading has increased in the last few years, it has tremendously increased the company's earnings. If we look at the data from April 2019 to April 2026, the company's revenue has more than doubled to Rs 18,700 crore.
As yet NSE The issue was considered to be the country's biggest IPO, but this record might not last long. Quoting a recent report from Reuters, it is reported that Reliance Jio IPO It could be around $4 billion. In Indian rupees this amount comes to approximately Rs 37,776 crore, which is much larger than the potential size of NSE. Let us remind you that in the 48th AGM of Reliance held in August 2025, Chairman Mukesh Ambani had clearly indicated that Jio's IPO can hit the market in the first half of 2026. Only last year, the famous investment bank Jefferies had estimated the valuation of this telecom giant at around $180 billion.
The history of India's IPO market has been full of ups and downs. Talking about the biggest issue so far, the name of Hyundai Motor India comes at the top, which had raised Rs 27,858 crore in 2024. After this comes the government insurance company LIC, whose issue of Rs 20,557 crore was much talked about. However, after the listing, LIC disappointed the investors a bit. A similar situation was with the fintech company Paytm, which came in 2021, whose issue of Rs 18,300 crore failed after listing. Recently, during 2025, Tata Capital had also caught the attention of the market by bringing a big IPO of Rs 15,511 crore.
Be it NSE or Reliance Jio, both of them are giant companies in their respective sectors. One is the backbone of the entire stock market, while the other is the largest telecom company of the country. When issues of such large size come in the market, it is a big opportunity for wealth creation not only for companies but also for common investors. The success of these IPOs will increase foreign investment in the stock market, which may lead to a new surge in liquidity.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
