India IPO
20 June, 2026
Recent IPO Updates
- The market regulator, SEBI, cleared 4 new IPOs, including AGS Health, PGP Glass, Shreni Shares and SRIT India, during the week, accelerating public market listings for companies seeking capital expansion.
- Jio Platforms filed for a potential $3 billion IPO, valuing the company near ₹11-12 lakh crore, while outlining ambitious growth plans across AI, satellites and digital services.
- SBI Mutual Fund, India’s largest asset manager, has received SEBI approval for its ₹13,000 crore IPO. The offer is entirely an OFS, with SBI and Amundi reducing stakes ahead of a likely July launch.
- Turtlemint’s ₹883 crore IPO was subscribed 45% on Day 1, with strong interest from retail investors. The issue aims to fund expansion, technology investments and future growth initiatives.
- GSK Velu’s Maxivision Eye Hospitals plans aggressive expansion in western India ahead of a proposed 2027 IPO, while group companies Neuberg Diagnostics and Trivitron Healthcare also prepare for public listings.
P.E. & Funding Updates
- B2B food-tech startup Urban Harvest is negotiating a new ₹300 crore funding round at a ₹1,500 crore valuation to expand its warehouse network.
- Zerodha’s tech-and-sustainability fund, Rainmatter, has invested Rs 56 crore in Gurugram-based Karo Sambhav’s pre-Series A round, helping the e-waste and battery recycler heavily scale critical raw material recovery infrastructure.
Business & Economic Updates
- India is considering PLI incentives and duty concessions for lithium and nickel processing to strengthen domestic battery supply chains and reduce import dependence.
- Milk prices may increase further as higher procurement costs, feed expenses and supply pressures continue to impact dairy producers across the country.
- Four major lenders, including SBI and Axis Bank, are planning to raise over $2 billion through overseas borrowings, using RBI’s 1.5% special swap facility to access cheaper foreign funding and reduce hedging costs.
- Multinational companies, global capability centres and consulting firms face increasing tax scrutiny as authorities tighten regulations around cross-border operations and profit allocation.
- India's asset monetisation drive is expected to receive a massive ₹20,000 crore boost, specifically through fresh Build-Operate-Transfer (BOT) highway infrastructure projects.
- The World Bank cleared a $1.5 billion package to support India’s economic reforms, private-sector growth and job creation initiatives across key sectors.
- India could see nearly 26,000 high-net-worth families by 2030, driven by rising entrepreneurship, wealth creation, financial market participation and economic growth.
- India’s foreign exchange reserves declined by nearly $10 billion, primarily due to lower gold valuations and currency-related adjustments despite stable external fundamentals.
- Accenture’s sharp stock decline after lowering growth guidance underscored concerns that artificial intelligence is reshaping traditional IT services and industry revenue models.
- India’s passenger vehicle industry is expected to grow 4–6% in FY27, supported by improving demand, new model launches and continued economic expansion.
- Prime Minister Narendra Modi said over 7 million jobs have been created under PM Viksit Bharat Rozgar Yojana, expanding formal employment and social security coverage.
- MSMEs involved in road EPC projects are likely to sustain margins in FY27, supported by strong government infrastructure spending and steady project execution opportunities.
- India’s oil marketing companies incurred LPG under-recoveries of ₹22,000 crore in FY26 as rising global prices and supply disruptions outpaced domestic price increases.
- Google is adopting Nvidia's commercial financing tactics to scale its proprietary Tensor Processing Units (TPUs) and attract major enterprise data-centre customers.
- SEBI will release a new study in July tracking mounting financial losses among retail investors actively trading in the highly speculative equity derivatives market.
- Uttar Pradesh is developing six textile parks with proposed investments exceeding ₹10,000 crore, aiming to strengthen manufacturing, attract industries and generate large-scale employment.
- IRDAI proposed allowing insurers to invest up to 5% of surplus funds in private limited companies, aiming to enhance investment flexibility and liquidity management.
- India’s crude oil import bill surged 81.5% year-on-year in May as higher global energy prices outweighed stable import volumes, increasing pressure on trade balances.
- FSSAI served notices to 14 food companies for allegedly misleading advertisements, branding and labelling practices, intensifying regulatory scrutiny across the packaged foods sector.
- The share of downgraded financial instruments climbed to nearly a five-year high in May, reflecting increased stress from geopolitical uncertainties and weaker business conditions.
- Bharat Forge secured a ₹425 crore defence contract from the Indian Navy to supply advanced gas turbine generators for next-generation warships under Make in India.
- HSBC financed Waaree Renewable Technologies’ ₹1,255 crore acquisition using RBI’s revised M&A financing framework, marking an early transaction under the updated regulations.
- SBI enhanced returns on FCNR(B) deposits, offering higher rates to attract foreign currency inflows and strengthen overseas deposit mobilisation amid evolving global conditions.
- SEBI approved the return of open-market share buybacks from August 2026, aiming to improve capital allocation flexibility while strengthening investor protection and market efficiency.
- Brent crude is expected to fall about 8% for the week as improving oil exports and shipping flows reduced fears of prolonged supply disruptions.
- A low-profile stock is drawing focus by entering the EV and data centre sectors, backed by exceptionally strong financial metrics, including a 4.7% dividend yield and a 67% Return on Capital Employed (ROCE).
- Investors are monitoring 2 high-margin oil support firms positioned for growth as maritime trade routes through the critical Strait of Hormuz open up, significantly boosting regional energy logistics.
- SEBI has announced plans to evaluate and eliminate regulatory and operational barriers, aiming to encourage trading in longer-tenure derivative contracts.
- The Trump administration intends to revoke the US citizenship of over 250 naturalised immigrants in FY26, actively targeting individuals who allegedly committed fraud, including Indian-born American citizens.
- While restoring open market buybacks, SEBI simultaneously implemented stricter insider rules, tightening transparency constraints for corporate officials to prevent potential market manipulation.
- According to a CareEdge report, Indian pharmaceutical companies are strategically targeting a $5 billion market share from a wave of upcoming global drug patent expirations over the next few years.
- Prime Minister Narendra Modi extended his official greetings to the people of West Bengal on the historical occasion of 'Paschimbanga Divas,' celebrating the state's cultural heritage.
- President Droupadi Murmu and Prime Minister Narendra Modi are visiting Odisha to launch massive development and infrastructure projects collectively valued at more than Rs 47,600 crore.
- The Indian government officially approved a major environmental protection initiative, sanctioning a Rs 19,700-crore carbon capture scheme to heavily subsidise industrial emissions-reduction technologies.
Geopolitical Updates
- Italian Prime Minister Giorgia Meloni pushed back against Donald Trump’s claim that world leaders sought photographs with him, defending her diplomatic engagement and independence.
- Israel and Hezbollah agreed to a ceasefire following renewed clashes, while the cancellation of Swiss-hosted US-Iran talks added uncertainty to regional diplomatic efforts.
- Crude oil exports through the Strait of Hormuz gained momentum as shipping activity recovered, easing immediate supply concerns despite ongoing geopolitical uncertainty in the region.
- India and Uzbekistan aim to double bilateral trade within three years by addressing non-tariff barriers, improving connectivity and expanding economic cooperation.
- Iran said vessels transiting the Strait of Hormuz require prior approval, escalating geopolitical tensions and raising concerns over global energy supplies and shipping security.
- Iran’s Revolutionary Guard reportedly created covert cells in Iraq to launch drone attacks on Gulf nations hosting US forces, allowing Tehran to project influence while avoiding reliance on established militia networks and reducing direct attribution risks.
- The Trump administration is defending a $100,000 H-1B visa petition fee in court, arguing it is a lawful charge rather than an unauthorized tax, seeking to restore the blocked immigration policy.
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.