INDIA IPO
12 October, 2026
Recent IPO Updates
- Tonbo Imaging India’s IPO will open on October 15 and close on October 19, with a price band of ₹665–₹700 per share; the ₹852 crore issue is entirely an offer for sale.
- Zetwerk Manufacturing Businesses’ IPO will open on October 15 and close on October 19, with a price band of ₹143–₹151 per share; the ₹5,012 crore issue comprises a ₹2,830-crore fresh issue and an offer for sale of ₹2,182.3 crore by existing shareholders.
- Bonfiglioli Transmissions’ IPO will open on October 15 and close on October 19, with a price band of ₹558–₹586 per share; the ₹2,533.66 crore issue is entirely an offer for sale by promoter Bonfiglioli S.p.A.
- Sahajanand Medical Technologies’ IPO will open on October 15 and close on October 19, with a price band of ₹327–₹344 per share; the ₹475 crore issue comprises an offer for sale by existing shareholders.
- Ahead of its $700 million IPO plans, Carlsberg India was ordered by state authorities to close its Alwar brewery due to severe environmental compliance breaches and high particulate emissions.
- The primary market is gearing up for a major surge, with eight IPOs hitting the capital market to target a combined total collection of ₹11,000 crore.
- B2B e-commerce platform Udaan has set a timeline to launch its public market listing by early 2028, backed by expected 10 to 12 percent FY26 revenue growth and turnaround progress.
- Confectionery manufacturer Shellz India secured SEBI approval to launch its IPO, offering a fresh issue of 40 lakh equity shares to repay debt and fund working capital requirements.
P.E. & Funding Updates
- Indian startups raised $113.35 million across 28 deals during October 5–10, 2026, comprising $55.3 million in growth-stage funding and $58.05 million in early-stage deals; Bengaluru led with 10 deals, followed by Delhi-NCR with six.
- Ayurvedic personal care brand Nat Habit (rebranded as Breathe Life) is raising ₹142.6 crore ($15 million) in a Series C round led by Trident Growth Partners, with Bertelsmann and other investors participating, to fund expansion and brand building at an estimated ₹800-crore post-money valuation.
Business & Economic Updates
- Jio Satellite and Bharti-backed Eutelsat OneWeb completed security and technical demonstrations in 2025, well before Starlink’s early-2026 demonstration, challenging Elon Musk’s claims that Indian business interests are delaying Starlink’s market entry.
- Foreign portfolio investors withdrew ₹44,166 crore from Indian equities in October so far, taking 2026 net outflows beyond ₹3 lakh crore amid elevated crude prices, a strong US dollar and attractive investment opportunities in other markets.
- Companies emerging from insolvency proceedings retain around 85% of their workforce, according to an IBBI analysis of 300 companies, highlighting how successful resolution plans can preserve jobs and sustain business operations.
- Reliance-backed Jio-bp increased petrol prices by ₹5 per litre and diesel by ₹3, citing elevated international crude and refined-product costs that have squeezed retail fuel margins.
- India’s rice exports are projected to decline 4% to 24 million tonnes in 2027, as weaker production, El Niño-related weather risks and rising domestic prices constrain exportable supplies.
- India recorded 333,670 EV registrations in September 2026, up 12.04% month-on-month; Uttar Pradesh led with 44,253 registrations, followed by Maharashtra and Karnataka, while two-wheelers remained a key adoption driver.
- TCS is developing an AI governance layer to manage agents across enterprise applications, focusing on security, costs and responsible deployment; its AI business crossed $3 billion in annualised revenue in the September quarter.
- GST changes allowing eligible small sellers to use e-commerce warehouses across state borders could reduce compliance costs and improve market access, while faster electronic cash-ledger refunds may ease working-capital pressures.
- Lava International aims to capture 10% of India’s sub-₹30,000 smartphone market by 2030 and plans to invest ₹1,100 crore over five years in component manufacturing, despite its smartphone market share remaining around 1% in 2025.
- RBI strengthened measures to defend the rupee, which has weakened around 7% in 2026, including a dollar window for state-owned oil companies and tighter forex derivative rules, as elevated crude prices and foreign capital outflows intensify pressure.
- NBFCs are expected to report strong Q2 FY27 asset growth of around 20% year-on-year, but rising borrowing costs and bond yields could compress margins; asset quality remains broadly stable across major lending segments.
- Multiple leading FMCG companies are actively competing to acquire a significant stake in healthy snacking brand Farmley as early investors plan to liquidate a portion of their holdings.
- India’s enterprise tech sector is scaling rapidly toward global markets, with deeptech and space-tech startups gaining momentum alongside traditional IT firms shifting heavily toward AI-driven revenues.
- Indian FMCG majors expect double-digit revenue growth in Q2 driven by rural demand recovery, but rising raw material, crude, and packaging costs threaten overall operating profit margins.
- Japan emerged as the largest source of Foreign Direct Investment (FDI) for India during the April-June quarter, investing $5.71 billion, outpacing other global investors in capital inflow contributions to domestic manufacturing and infrastructure.
- The government is considering bringing services imports from unregistered offshore companies under the GST e-invoicing framework to plug tax leakage and enhance compliance oversight.
- Domestic mutual funds are rapidly closing the equity ownership gap with FPIs, driven by consistent SIP inflows and strong retail participation in domestic financial assets.
- India is actively reviewing trade restrictions, data localization hurdles, and stringent local licensing rules imposed by China that currently affect Indian services exporters operating in the region.
- Under the ₹10,372 crore IndiaAI Mission, 14 successful GPU bidders will provide high-performance compute capacity from NVIDIA, Intel, AMD, AWS, and Google to global and domestic tech entities.
- The Supreme Court issued prima facie contempt notices to key officials regarding strict transport restrictions and Delhi Metro curbs enforced during the October 10 protests.
- ACLED data revealed India led globally in demonstrations for the fifth consecutive year, recording 18,074 protest events through September 2026, comprising 17.5 percent of the world total.
- Coal India denied fuel shortage claims for NTPC power generation, confirming supply reached 97 million tonnes in H1 FY27 to fulfill and exceed its contractual commitments.
- Prime Minister Narendra Modi launched development initiatives worth over ₹13,000 crore in Tamil Nadu, emphasizing state growth and rapid advancements achieved across core industrial sectors.
- JWALA, India’s inaugural private-sector micro-missile developed for counter-drone defense, completed successful solid rocket motor tests ahead of its upcoming maiden experimental systems trial.
- Global finance leaders gathered at the IMF-World Bank annual meetings in Bangkok to address energy market shocks, rising debt burdens, and economic spillovers from West Asia instability.
Geopolitical Updates
- Ukraine offered to halt attacks on Russian oil refineries if Moscow stops strikes on Ukrainian energy infrastructure, while US President Donald Trump claimed both sides had agreed to an immediate energy ceasefire; Kyiv said it had not been formally informed.
- India is likely to sign bilateral investment treaties with Switzerland, Oman and the Maldives by December to strengthen investor confidence and attract long-term foreign capital; gross FDI inflows rose 17.3% to $94.5 billion in FY26.
- Bilateral trade discussions between India and the UK are intensifying as both nations move past policy delays to finalize key terms for the upcoming free trade agreement.
- Indian-American candidates across Republican and independent political platforms mobilized diaspora voter backing and fundraising to contest competitive seats during the upcoming US midterm congressional election campaigns.
Source:
Latest IPO NewsFinancial Express, Mint, Business Standard, Economic Times, Indian Startup News, Inc42, Entracker
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INDIA IPO Editorial Team
The INDIA IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.