Pre-IPO Research · April 2026
Unlisted & Pre-IPO Companies
Track India's most watched unlisted companies — valuations, share prices, IPO timelines and financials, all in one place.
Showing 48 companies
Zepto (Kiranakart Technologies)
Quick Commerce
₹4,454 Cr revenue FY24 (+119% YoY); 350+ dark stores; IPO approved ₹11,000 Cr
NCDEX (National Commodity & Derivatives Exchange)
Financial Services
Unlisted shares up 150% YoY; SEBI cleared equity market entry
National Stock Exchange (NSE)
Financial Services
PAT ₹12,339 Cr; P/E 39x; 80.5% revenue from trading services
PhonePe
FinTech
₹7,115 Cr revenue FY25 (+40% YoY); adjusted net profit ₹630 Cr
BoAt (Imagine Marketing Ltd)
Consumer Electronics
FY25 net profit ₹60 Cr (turnaround from ₹79 Cr loss); 29.7% market share
Hero FinCorp
Financial Services
DRHP filed for ₹3,668 Cr IPO; Hero Group flagship NBFC
Arohan Financial Services
Financial Services
DRHP filed; leading eastern India MFI with rural women-borrower focus
OYO (Oravel Stays)
Hospitality Tech
10 consecutive EBITDA-positive quarters; FY25 adj. EBITDA ₹1,132 Cr
SBI Funds Management (SBI MF)
Financial Services
₹11 lakh crore+ AUM; India's largest mutual fund house
Razorpay
FinTech
FY25 revenue ₹3,783 Cr (+65% YoY); IPO bankers appointed Feb 2026
Udaan
B2B Commerce
India re-domicile underway; $114M raised 2025; IPO in 9–18 months
OfBusiness
B2B Commerce
Profitable; $5B valuation; 5 banks appointed for $750M–$1B IPO
InMobi
Technology
India's first unicorn; 8 i-banks appointed for $500M+ IPO at $4–5B
Cult.fit (Curefit)
Health & Wellness
FY25 revenue ₹1,216 Cr; Tata Digital invested; targeting ₹2,500 Cr IPO
HDFC Credila Financial Services
Financial Services
Largest education loan NBFC; ChrysCapital-backed; overseas study boom tailwind
CarDekho (Girnar Software)
Auto Tech
India's #1 auto portal; unicorn; IPO plans refiled for 2026
Reliance Jio Platforms
Telecom & Digital Services
500M+ subscribers; potential $4B IPO raise — India's biggest ever
Flipkart
E-Commerce
NCLT approved India re-domicile; inviting IPO bankers April 2026
Infra.Market
Construction Tech
$2.5B unicorn; disrupting India's ₹5L Cr construction materials market
Nayara Energy (formerly Essar Oil)
Energy
20 MMTPA Vadinar refinery; Rosneft holds ~49.13% stake
CRED
FinTech
$72M raised at $3.5B valuation (down 45% from peak); eyeing FY26 profitability
BigBasket (Supermarket Grocery Supplies)
E-Commerce
Tata Digital owned; targeting ₹12,000–15,000 Cr IPO in 18–24 months
Capgemini Technology Services India
Technology
170,000+ employees in India; unlisted subsidiary of €22B revenue Capgemini SE
HDFC Securities
Financial Services
HDFC Bank subsidiary; P/E 14.6x; strong retail broking franchise
Sterlite Power Transmission
Infrastructure
Leading private transmission developer; key to India's 500GW renewable target
Chennai Super Kings Cricket
Sports & Entertainment
India's only actively traded sports franchise in unlisted market; consistent IPL title wins
Anheuser-Busch InBev India
Consumer Goods
Budweiser + Corona + Stella brand portfolio; India's premium beer boom
Goa Shipyard Limited
Defence & Aerospace
P/E 103x on strong defence orderbook; peers Cochin Shipyard at ₹14,000 Cr Mcap
Rapido
Mobility
2M+ daily rides; 100+ cities; soonicorn expanding into autos and cabs
Indofil Industries
Chemicals
Zero-debt; FY25 revenue ₹3,420 Cr; strong agrochem export franchise
BVG India
Facility Management
India's #1 IFM company; ₹5,200 Cr revenue; 100,000+ workforce across airports & railways
Orbis Financial Corporation
Financial Services
Category I SEBI custodian; high-moat fee-based business model
ESDS Software Solution
Technology
Homegrown cloud alternative; government and enterprise cloud focus
B9 Beverages (Bira 91)
FMCG
India's #1 craft beer brand; 550+ cities, 15+ countries; Sequoia-backed
Vivriti Capital
Financial Services
Tech-led mid-market debt platform; Lightrock and Elevation Capital backed
Cochin International Airport (CIAL)
Infrastructure
World's first 100% solar airport; profitable with consistent dividends
PharmEasy (API Holdings)
HealthTech
Deep restructuring post-valuation crash; focus on profitability path
Onix Renewable
Renewable Energy
Rights issue ₹557 Cr at ₹51/share; pure-play renewable energy IPP
Bagrry's India
FMCG
India's #1 muesli and wheat bran brand; beneficiary of India's health-food boom
Goodluck Defence and Aerospace
Defence & Aerospace
HAL/DRDO supplier; riding India's ₹6L Cr defence procurement wave
GFCL EV Products
Electric Vehicles
Raised $80M; battery cathode materials for India's EV transition
Power Exchange India (PXIL)
Financial Services
CERC-regulated power exchange; beneficiary of India's electricity market reforms
Hindustan Power Exchange (HPX)
Financial Services
CERC-approved; PTC India and BSE-backed; gaining short-term power market share
PolicyX.com
InsurTech
Profitable online insurer aggregator; +5.3% recent price gain
Metropolitan Stock Exchange (MSE)
Financial Services
India's 3rd national exchange; SEBI-recognised; potential turnaround play
Spray Engineering Devices
Manufacturing
Niche evaporative cooling systems; strong export growth to SE Asia & Middle East
Apollo Green Energy
Renewable Energy
Riding India's 500 GW renewable energy expansion; low P/E of 6.1x
Cheelizza Pizza
Food & Beverage
India-first value pizza QSR; franchise expansion in tier 2–3 cities
Disclaimer: Unlisted share prices shown are indicative grey market prices — not exchange-regulated. Valuations are estimates from analyst reports and public sources. This is a research platform only. We do not facilitate transactions or provide investment advice. Read full disclaimer →
Data last reviewed: April 2026 · Sources: Planify, UnlistedZone, InCred Money, Inc42, ET Markets