INDIA IPO
23 September, 2026
Recent IPO Updates
- EverestIMS Technologies is launching its IPO of up to ₹48.46 crore at ₹80–85 each, comprising fresh shares and OFS, with bidding scheduled for September 29–October 5.
- Shah Investor’s Home is launching its IPO of up to ₹90.17 crore at ₹159–167 each, targeting capital for business expansion through its mainboard IPO.
- Acme Universal Safezone 9 is launching an SME IPO to raise ₹35.93 crore, with shares priced at ₹65–71, opening from 28th September to 30th September 2026, targeting expansion of its industrial safety footwear business.
- Shree TNB Polymers is raising ₹31.20 crore through a fresh SME issue at ₹47–52 per share, opening from 25th September to 29th September 2026 to expand its polymer piping and plastic solutions business.
- Black Opal Consultants is launching a ₹55.08 crore SME IPO at ₹185–197 per share, comprising ₹44.09 crore fresh issue and ₹10.99 crore offer for sale, opening from 29th September to 1st October 2026.
- Omara Ventures India is raising ₹41.99 crore through a fresh SME IPO at ₹296–311 per share, opening from 30th September to 5th October 2026, to expand its retail jewellery business and brand presence.
- SRIT India is raising ₹218.4 crore through a mainboard IPO at ₹123–130 per share, opening from 28th September to 30th September 2026, funding growth of its IT and IT-enabled digital solutions and automation business.
- NSE paid ₹186 crore in fees to 20 banks involved in its IPO process, equivalent to around 0.82% of the issue size, according to the report.
- AceVector, Snapdeal’s parent, is seeking a valuation of up to ₹1,741 crore through its IPO opening September 25, comprising a ₹287 crore fresh issue and ₹133 crore OFS, with a ₹30–₹32 price band.
- Primary equity markets are witnessing unprecedented retail enthusiasm, recording the highest individual investor participation in 30 years as over two dozen mainboard issues launched within a single calendar month.
- Tiger Global-backed used-car marketplace Spinny has confidentially filed its DRHP with SEBI to raise ₹3,000 crore, structured as an equal mix of fresh issuance and an offer-for-sale.
- Sunil Singhania-led Abakkus Asset Manager filed its DRHP with SEBI for an IPO comprising entirely an OFS of up to 1.5 crore equity shares by its promoter.
P.E. & Funding Updates
- Definedge, a Pune-based fintech and brokerage startup, has raised ₹22 crore in a Pre-Series A round from existing investors Nitin Agarwal and D. Prasad, alongside Anant Jain and Sachin Kasera.
- Disha (formerly Curelink) has raised ₹43.88 crore in Series A funding led by General Catalyst, with Elevation Capital participating. The capital will support AI technology, expansion and working capital.
- Gold savings platform Jar has raised ₹29 crore from existing investor Unitary Fund at a 23% higher valuation, taking its post-money valuation to around ₹3,155 crore.
- Artificial intelligence enterprise Brahma AI closed a $150 million growth funding round led by private equity firm Multiples, elevating the tech startup's post-money valuation to $2 billion.
Business & Economic Updates
- Telecom operators must introduce voice-and-SMS-only tariff packs with validity of 30 days or less, under new TRAI directions aimed at giving consumers greater flexibility.
- Flipkart expects festive-season FMCG growth of around 50% year-on-year and beauty growth of nearly 60%, driven by rising demand beyond major cities.
- BARC faces a revenue shortfall of at least ₹60 crore as the television ratings blackout continues, with industry bodies seeking restoration before the festive advertising season.
- SEBI Chairman Tuhin Kanta Pandey said the regulator plans to address concerns over derivatives settlement prices on expiry days, with a consultation paper already issued.
- Sensex fell 0.44% to 74,529.08 and Nifty declined 0.36% to 23,329 on September 22, dragged by IT stocks amid concerns over demand and earnings.
- Five Adani Group companies settled SEBI proceedings linked to alleged disclosure lapses for ₹1.51 crore, without admitting or denying the allegations.
- IBBI clarified that the interim moratorium for personal guarantors to corporate debtors ceased from May 26, 2026, including for pending applications.
- India’s battery storage market is emerging as a major opportunity, with the country targeting 236–260 GWh of storage capacity by 2032.
- SIP contributions hit a record ₹32,297 crore in August, accounting for 89% of equity mutual-fund inflows, according to AMFI data.
- States face rising fiscal risks from ageing, AI, urbanisation and climate change, with an RBI paper estimating India needs around 8% annual real growth to achieve its 2047 development goals.
- Renewable power curtailment tripled to 668 million units in August, with solar accounting for 78%, amid growing gaps between renewable generation and demand after sunset.
- India’s trade surplus with the US fell to a seven-month low of $2.3 billion in August, as imports grew faster than exports, according to the report.
- Finance Minister Nirmala Sitharaman urged Indian companies to look beyond affluent urban consumers and increase R&D, noting private-sector R&D contributes only 36% of spending.
- MoSPI released a detailed methodology document for India’s new GDP series, incorporating newer data sources, double deflation and improved sectoral estimation methods.
- Electric two-wheeler sales are narrowing the price gap with petrol models, with August scooter wholesales rising 23.8% year-on-year as affordability and charging infrastructure improve.
- Engineers India secured a ₹4,300-crore contract from Nigeria’s Dangote Group for a 700,000-bpd Kenyan refinery and petrochemical complex, expanding its international engineering footprint.
- India’s younger heirs are increasingly separating family wealth from traditional businesses, with rising interest in family offices, investments and independent entrepreneurial ventures.
- RBI introduced valuation norms for unquoted InvIT and REIT units, requiring banks to use disclosed NAVs or prescribed methodologies, effective immediately.
- Alibaba unveiled its Zenwu V900 AI accelerator, claiming three times predecessor performance, while committing over $53 billion to AI over three years and targeting major data-centre expansion.
- JSW Group will invest ₹2,500 crore to manufacture electric trucks and buses at its Maharashtra facility, targeting 15,000 annual vehicles and 2,000 deliveries initially.
- RBI liquidity surplus has contracted sharply after tax outflows and liquidity-absorbing operations, with system liquidity at ₹4.92 lakh crore on September 21, 2026.
- Global crude benchmarks fell under $100 per barrel following geopolitical statements at the UN, though trading remains volatile as markets assess pipeline supply disruptions and Middle East tension.
- Uttar Pradesh showcased its expanding manufacturing footprint, aiming for a $1 trillion state economy through export-driven industrial corridors, localized infrastructure initiatives, and increased foreign direct investment flows.
- Petroleum Minister Hardeep Singh Puri urged OPEC leaders to strengthen energy collaboration with India, emphasizing market stability, fair crude pricing, and investment in clean energy transition projects.
- Indian vehicle retail registrations surged 20% year-on-year to reach 29 million units after GST rate rationalization down to 18% significantly improved purchasing affordability across consumer vehicle categories.
- Active listings on the National Career Service portal dropped 62% to 196,773 in June from 517,431 in May, marking a 30-month low despite a doubling of active registered employers.
- The environment ministry extended environmental clearance validity for ports, harbours, and dredging projects from 10 to 20 years, with two optional 5-year extensions allowing up to 30 years total operational headroom.
- Finance Minister Nirmala Sitharaman urged corporate leaders and regulatory bodies to prioritize trust, transparency, and early out-of-court dialogue over prolonged litigation to resolve commercial regulatory friction.
- A World Economic Forum survey of chief economists indicates inflation-adjusted real income growth will remain positive primarily in India and South East Asia, contrasting with stagnation or declines across other regions.
- The Indian rupee appreciated for a fifth consecutive session to close at 95.59 per dollar, bolstered by softening international crude oil prices and dollar sales by public sector banks.
- External Affairs Minister S Jaishankar emphasized urgent Global South unity and structured economic cooperation to build resilience against supply chain disruptions, rising debt burdens, and escalating geopolitical polarity.
- India formally approved Foreign Secretary Asad Alam Siam as Bangladesh's high commissioner to New Delhi, signaling diplomatic normalization efforts following extended political friction between the neighboring nations.
- Union Minister Nitin Gadkari stated that governments cannot set sugar prices in a globalized market, noting prices depend heavily on global supply dynamics, such as Brazilian production costs.
- India is projected to add 7.5 to 8 GW of wind energy capacity in FY27, backed by strong domestic manufacturing capabilities, according to MNRE Joint Secretary Rajesh Kulhari.
- SEBI Chairman Tuhin Kanta Pandey announced ongoing efforts to streamline digital onboarding for foreign investors and enable wider FPI participation in non-agricultural commodity derivatives and debt instruments.
- Mines Ministry Additional Secretary Veena Kumari Dermal stated that India's first mineral exchange, providing an electronic delivery-based trading platform, is expected to be operationalized by FY28.
Geopolitical Updates
- Trump threatened further action against Iran while calling for economic isolation, as Tehran signalled willingness for diplomacy and discussions around reopening the Strait of Hormuz.
- Saudi Arabia restarted its East-West oil pipeline after drone attacks disrupted supplies, potentially restoring exports from Yanbu as global oil markets remain sensitive to regional disruptions.
- US, Denmark and Greenland are pursuing an agreement expanding US military presence in Greenland, while Denmark seeks Arctic security arrangements under NATO cooperation.
- At the UNGA, Ukrainian Foreign Minister Andrii Sybiha met EAM S Jaishankar, commending India's active diplomatic participation toward securing Black Sea navigation routes to protect global agricultural supply chains.
- Amid heightened global polarization, India co-sponsored a high-level event at the United Nations advocating for reformed multilateralism, equitable global governance, and structural reforms within international security institutions.
- Canadian Prime Minister Mark Carney announced that Canada and India aim to conclude bilateral free trade agreement negotiations by the December G20 summit ahead of Prime Minister Narendra Modi's Canada visit.
Source:
Latest IPO NewsFinancial Express, Mint, Business Standard, Economic Times, Indian Startup News, Inc42, Entracker
Published By
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.