INDIA IPO
17 September, 2026
Recent IPO Updates
- Varmora Granito IPO comprises a fresh issue of ₹320 crore and an offer for sale of 5.24 crore shares, valued at about ₹776.04 crore at the ₹140–148 price band. The issue is scheduled to open on September 22 and close on September 24, 2026.
- A-One Steels India IPO comprises a fresh issue of ₹355 crore and an OFS of ₹50 crore, aggregating to ₹405 crore. The issue is slated to open on September 24 and close on September 28, 2026.
- NSE raised ₹6,746.18 crore from anchor investors, allotting 3.78 crore shares, the upper end of its ₹1,700–1,785 IPO price band. The anchor book reportedly drew demand of nearly ₹1.2 lakh crore, around 20 times its size.
- Hero Motors’ ₹1,000-crore IPO was fully subscribed on Day 1, with the issue receiving bids for 1.38 times the shares on offer. Retail investors subscribed 2.23 times their reserved quota, while the NII and QIB portions were subscribed 1.25 times and 0.01 times, respectively.
P.E. & Funding Updates
- Aesthetic healthcare platform TRUE ARTIS raised ₹11.4 crore in seed funding led by Zeropearl VC, with Eleven and angel investors participating, to expand across Delhi NCR.
- AI-native semiconductor verification startup VerifAIX raised $5 million in seed funding co-led by Endiya Partners and Bluehill VC to expand product development, customer deployments and engineering teams.
- Hospitality firm Juniper Hotels approved a ₹248 crore deal to acquire the 287-key Novotel Imagicaa property, optimizing capital structure following its recent public listing to expand cash-generating hospitality assets.
Business & Economic Updates
- India’s import quality improved in August, with non-gold, non-oil imports rising 19%, while electronics, machinery and chemicals continued supporting industrial demand.
- Five Indian B-schools joined the 2027 QS Global MBA rankings, with IIMs Bangalore, Ahmedabad and Calcutta among institutions improving their global positions.
- OpenAI is reportedly weighing a funding round at a valuation above $1.2 trillion, as it seeks capital to finance AI infrastructure, research and expansion.
- The government eased export compliance for small exporters by raising the RCMC threshold to ₹3 lakh and expanding eligibility for MSMEs, artisans and startups.
- India ranked 131st in the 2026 Global Gender Gap Index, with a 64.4% gender parity score, according to the World Economic Forum.
- FCNR(B) inflows surged to $13.3 billion by September 10, supported by RBI measures and stronger foreign-currency deposits amid changing global financial conditions.
- RBI absorbed ₹2.90 lakh crore through two VRRR auctions, withdrawing surplus banking-system liquidity amid evolving money-market conditions.
- UPI transactions may attract 18% GST under the newly introduced MDR, potentially generating around ₹2,000 crore for the exchequer if merchant charges scale significantly.
- Sensex gained 333 points to 74,336.45 as banking stocks led value buying, while broader market sentiment improved during Wednesday’s session.
- The government reduced export duty on diesel by ₹5 per litre, ATF by ₹20 and petrol by ₹1, easing levies on petroleum exports.
- Prime Minister Narendra Modi urged India to lead emerging technologies, highlighting semiconductors, AI, quantum computing and stronger industry-government collaboration at SEMICON India 2026.
- The Union Cabinet raised the EPF wage ceiling from ₹15,000 to ₹25,000, potentially expanding mandatory EPF coverage to millions of additional employees.
- India’s EV charging infrastructure currently covers barely 2% of the government’s 2030 target, highlighting the need for faster charger deployment and funding.
- Global oil prices fell as Saudi crude cargoes stabilized supply, prompting India to cut windfall tax on exports of petrol, diesel, and aviation turbine fuel to align domestic refiners with international margins.
- The US asked India for details at the WTO regarding FCI rice stocks used for ethanol output, alleging price support policies lead to subsidized releases below cost, potentially impacting energy-sector targets.
- Addressing tech investors, Defence Minister Rajnath Singh stated that companies investing in emerging defense technologies today will lead tomorrow, driving significant PE capital, venture funding, and strategic investments into high-tech defense startups.
- Select UPI payments over ₹2,000 will attract a 0.4% MDR capped at ₹300 starting October 15, significantly boosting fintech earnings, private equity valuations, and venture funding for payment aggregator ecosystems.
- The Commerce Ministry proposed a five-year RoDTEP extension with an increased outlay for FY27, boosting market confidence for exporters preparing for their upcoming IPO, DRHP filings, and market debut listings under SEBI guidelines.
- Arbitrage funds managing ₹3 trillion have yet to warm up to SEBI’s 1% leeway for CAS exposure, as asset managers remain cautious ahead of new fund offers and IPO pipeline allocations.
- The ₹11.5 trillion valuation debate over Tata Sons' mandatory IPO listing under RBI core investment company guidelines continues to impact major holding entities like Tata Chemicals and Tata Motors.
- SEBI barred a stockbroker and affiliated entities from market access following an investigation revealing systemic cross-segment price manipulation across derivative and equity cash segments to destabilize market order books.
- India’s rooftop solar market holds a potential of 132 GW with annual demand scaling to 15 GW by 2030, according to ISMA, driven primarily by PM Surya Ghar subsidies.
- The US Federal Reserve increased its benchmark interest rate by 25 basis points to a target range of 3.75-4%, aiming to anchor inflation expectations while stabilizing economic growth.
- Swedish private equity firm EQT committed to investing $50 billion in India by 2030, directing $30 billion specifically into data centres, $5 billion into solar projects, and the remainder into technology startups.
- India received limited TRQ applications from UK carmakers, with imports expected for only 642 units against a 10,000-unit quota under the newly implemented India-UK Free Trade Agreement frameworks.
- India is closely tracking US Congressional debates regarding a proposed Russia sanctions Bill that could authorize up to 100% tariffs on countries purchasing Russian crude oil beyond capped limits.
- Finance Minister Nirmala Sitharaman announced that the GST Council will convene on October 7 to review process reforms, focusing on e-invoicing expansion and Input Tax Credit rules under GST 2.0.
- The BRICS-backed New Development Bank finances infrastructure projects by issuing local currency bonds and USD debt, allocating over $30 billion globally to reduce emerging economies' reliance on Western capital markets.
- Global tax dynamics around virtual permanent establishments and digital economic presence remain under review as India evaluates the impact of multilateral tax agreements on foreign direct investment flows.
Geopolitical Updates
- India lodged a protest with Pakistan after a Pakistani naval vessel allegedly entered Indian waters and conducted surveillance activities near the Arabian Sea.
- The BNP government in Bangladesh is reviewing 101 agreements and MoUs signed with India, including transit pacts for Chattogram and Mongla ports, to protect national sovereignty and recalculate bilateral trade links.
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.