The upcoming initial public offerings (IPOs) of Jio Platforms and the National Stock Exchange (NSE) are poised to be major events in 2026, with both companies preparing to file their draft red herring prospectuses (DRHPs) soon. Both firms are grappling with the challenge of finding large existing shareholders willing to dilute their stakes through the offer-for-sale (OFS) route. Jio Platforms is reportedly shifting to a fully fresh issue structure, while the NSE is urging state-owned institutions to become active selling shareholders.

In addition to the IPOs, the NSE has implemented revised market surveillance norms aimed at enhancing investor protection. The new rules under the Graded Surveillance Measure (GSM) and Long Term Additional Surveillance Measure (LT-ASM) frameworks will tighten trading curbs, limiting exemptions to only Nifty 500 and BSE 500 stocks. Stocks subject to these measures may face stricter conditions such as 100% margins and trade-for-trade settlements.

Furthermore, the NSE recently released over ₹78 crore (approximately $9.4 million USD) in payouts that had been withheld for nearly ten days due to police complaints related to fraudulent transactions, impacting over 3,000 clients and 160 stock brokers.