India's stock market is set to welcome at least four significant initial public offerings (IPOs) in October 2026. Leading these is Jio Platforms, which could become the country's largest IPO, followed by Paras Healthcare, Tonbo Imaging India, and SFC Environmental Technologies. These companies plan to list their shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
- Jio Platforms aims for a ₹37,700 crore IPO to reduce debt and support corporate purposes.
- Paras Healthcare proposes a mix of fresh issuance and offer for sale (OFS) totaling ₹1,800 crore.
- Tonbo Imaging India plans an OFS without fresh share issuance.
- SFC Environmental Technologies combines fresh issuance and OFS to fund debt repayment and working capital.
What is the scale and purpose of Jio Platforms' IPO?
Jio Platforms is expected to launch an IPO sized around ₹37,700 crore, valuing the company above ₹12 lakh crore. The IPO will involve issuing up to 27 crore new shares without any offer for sale component. The fresh funds raised will primarily be used to clear the debt of its major subsidiary, Reliance Jio Infocomm Ltd (RJIL), and to support general corporate purposes.
Jio Platforms manages the Reliance Group's digital businesses, including telecommunications. RJIL holds a 39.29% market share in mobile connections with 506 million customers and a 32.89% share in fixed-line connections with 157.9 million customers, making it a dominant player in India's telecom sector.
How is Paras Healthcare structuring its IPO?
Paras Healthcare plans an IPO combining a fresh share issuance of ₹500 crore and an offer for sale of ₹1,300 crore by promoters and existing investors. The net proceeds will be used to reduce debt, invest in its wholly owned subsidiary PMHPL for loan repayment, and fund general corporate needs.
The company operates eight hospitals across North India, Bihar, and Jharkhand, with a total bed capacity of 2,211 as of March 2026. It specializes in tertiary and quaternary healthcare services focusing on cardiac sciences, neurosciences, gastroenterology, oncology, orthopaedics, sports injury, and renal sciences.
What are the details of Tonbo Imaging India's IPO?
Tonbo Imaging India, a global defense electronics original equipment manufacturer, plans an IPO consisting solely of an offer for sale of 18,085,246 shares by promoters and existing investors. Since there is no fresh issuance of shares, the company will not receive any proceeds from this IPO; the funds will go to the selling shareholders.
What does SFC Environmental Technologies aim to achieve with its IPO?
SFC Environmental Technologies proposes an IPO that includes a fresh issuance of ₹150 crore and an offer for sale of 12,307,500 shares. The company intends to use the proceeds to repay certain outstanding borrowings for itself and its wholly owned subsidiary, Vasudha Waste Treatment. Additionally, the funds will support working capital needs and general corporate purposes.
Frequently Asked Questions
Q: When will these IPOs be officially announced?
A: As of October 6, 2026, none of the companies have officially announced their IPOs or filed their final issue papers.
Q: Where will the shares be listed?
A: The shares of all four companies are expected to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Q: What is an Offer for Sale (OFS)?
A: An Offer for Sale is when existing shareholders sell their shares to the public, and the company does not receive any proceeds from these sales.
