INDIA IPO
24 October, 2026
Recent IPO Updates
- Jio Platforms’ ₹30,213 crore IPO closed with 22.19 times overall subscription, attracting bids worth over ₹7 lakh crore; qualified institutional buyers subscribed 70.55 times, non-institutional investors 14 times and retail investors 2.72 times.
- BLS Polymers’s ₹255 crore IPO, priced at ₹142–₹150 per share, opening October 27 and closing October 29, 2026. The company manufactures custom-formulated polymer compounds for telecommunications, power, railways and oil and gas.
- Antala Industries’s ₹23.35 crore SME IPO, priced at ₹63–₹67 per share, is opening October 29 and closing November 2, 2026. The issue is entirely a fresh issue of up to 34.82 lakh shares.
- Ajiwa Projects’ ₹38.05 crore SME IPO, priced at ₹203 per share, opening October 28 and closing October 30, 2026. The issue comprises a fresh issue of 15 lakh shares and an offer for sale of 3.744 lakh shares.
P.E. & Funding Updates
- Battery Smart raised approximately ₹98 crore (around $10 million) from existing investor Ecosystem Integrity Fund through a Series C top-up to expand its battery-swapping network for electric two- and three-wheelers and support capital expenditure and working capital requirements. The company was valued at around ₹4,170 crore post-money.
Business & Economic Updates
- SEBI proposed an automatic approval route for market infrastructure institutions, allowing stock exchanges and depositories to undertake related business activities and investments subject to strict board oversight.
- Outward remittances by Indian residents under the RBI LRS scheme reached $2.7 billion in the tracked period, mainly driven by foreign travel and international education expenses.
- Union Minister Piyush Goyal held talks with German firms to expand investments in India, eyeing target growth like one major firm scaling from €4 billion to €10 billion.
- Union Minister Piyush Goyal reaffirmed that India will strictly enforce BIS quality control orders across sectors under the 4S vision of Speed, Skill, Scale, and Standards.
- Brent crude futures surged 2.6% past $116 to reach $117 per barrel, marking their highest level since April due to escalating global supply fears and geopolitical tensions.
- SEBI revised circular guidelines exempting research analysts from mandatory call recording during institutional investor interactions, requiring five-year record retention via digital footprints or physical forms starting November 8.
- Union Minister Piyush Goyal announced that the government will cover 100% of export certification costs for micro and small enterprises under the Export Promotion Mission via DGFT.
- The RBI reported record net dollar purchases of $43.26 billion in August after buying $74.47 billion and selling $31.21 billion to handle concessional FCNR(B) swap inflows.
- India's foreign exchange reserves declined by $5 billion to $721 billion for the week ended October 16, driven by a $5.76 billion reduction in foreign currency assets.
- SBI Research highlighted mixed market signals as the RBI injected ₹2.5 trillion in liquidity while moving the operating rate upward to reinforce tightening signals and support rupee stability.
- The government finalized terms to open offshore oil exploration across ₹84,084 crore worth of blocks, sharing high-risk deepwater drilling expenses with private and global energy firms.
- Indian government bond yields surged as crude price shocks caused the worst multi-session losing streak in 30 years, pushed further by rising 10-year US Treasury yields.
- Global crude oil prices rallied 85% higher in 2026, with Brent crude climbing above $113 per barrel following Middle East supply disruptions and analysts projecting hits above $120.
- The Reliance Group is set to become India’s largest business group by market capitalisation following Jio Platforms’ IPO, with an estimated combined market cap of ₹27.93 lakh crore, overtaking the Tata Group’s ₹25.4 lakh crore.
- Quick-commerce platforms are expanding beyond metro cities as Blinkit added 308 dark stores in September to reach 2,250, while Eternal plans to expand its network to 3,500 stores by March 2027 and around 5,000 by March 2028; profitability in smaller markets remains a key challenge due to lower order values and delivery costs.
- The government’s decision to allow 6,500 tonnes of silver imports over six months could ease domestic supply constraints and moderate prices ahead of the festive season, although demand has weakened and imports face higher duties and licensing restrictions.
- European stocks fell amid disappointing corporate earnings, concerns over China’s economic slowdown, elevated oil prices and geopolitical tensions, with luxury stocks such as Kering’s Gucci facing pressure from weak demand.
- The Ministry of Statistics and Programme Implementation plans to track unpaid household work, caregiving, volunteer work and unpaid trainee work in the revised Periodic Labour Force Survey from January 2027, improving measurement of unpaid economic contributions.
- Electronic goods accounted for a record 20% of India’s merchandise imports in September 2026, with imports rising 45% year-on-year to $81.3 billion in the first half of FY27, highlighting growing dependence on imported electronic components despite rising smartphone exports.
- Farmers in Punjab and Haryana received the highest average annual urea and nitrogen subsidy per hectare at ₹25,701 and ₹21,071, respectively, significantly exceeding allocations in states such as Kerala, Assam and Himachal Pradesh.
- The Financial Stability and Development Council (FSDC) called for faster digital onboarding of NRIs and foreign portfolio investors, simplified KYC processes and stronger coordination among financial regulators to strengthen financial stability and attract investment.
- India’s crude oil imports rose 16% month-on-month to 22.26 million tonnes in September 2026, while annual imports increased 9% year-on-year; Russian oil imports declined 13.7% from August to around 1.8 million barrels per day.
- India plans to expand domestic production of conventional missiles, drones and other defence equipment, while increasing private-sector participation and technology transfers; defence exports have reached ₹38,424 crore, or about $3.6 billion.
- Infosys added 4,480 employees in Q2 FY27, taking its workforce to 3,32,542, while attrition declined to 12.7% from 13% in the previous quarter; the company remains on track to hire around 20,000 freshers during FY27.
- Passenger vehicle registrations rose 22% year-on-year to 5.35 million during October 2025–September 2026, with SUVs contributing nearly two-thirds of incremental volumes following GST 2.0 rate cuts.
- India’s retail sales growth moderated to 8% in September 2026 from 10% in August, according to the Retailers Association of India, reflecting uneven consumer demand ahead of Diwali.
- Six Parsi and Zoroastrian organisations urged Prime Minister Narendra Modi to preserve the Tata Group’s ownership structure and philanthropic legacy, backing the Tata Trusts and Tata family amid ongoing governance tensions.
- Benchmark indices fell for the week as Brent crude rose 5.5% to $115.85 per barrel; the Sensex declined 2.15% to 73,123.83 and the Nifty fell 2.36% to 22,600, while the 10-year government bond yield climbed to 7.47%.
- The RBI’s mixed liquidity operations have tightened funding conditions for banks, with one-year certificate-of-deposit rates rising to 6.76% and overnight borrowing costs increasing as surplus liquidity shrank sharply.
- An RBI bulletin highlighted rising inflation and geopolitical uncertainty as key economic risks, even as domestic demand, manufacturing, services and exports supported India’s resilience; small-savings outstanding grew 12.9% year-on-year to ₹27.1 lakh crore in March 2026.
- India recorded net FDI inflows of $3.3 billion in August 2026 as repatriation and investment outflows moderated; net FDI for April–August stood at $13.78 billion, up 43.3% year-on-year.
- Business confidence improved in Q2 FY27 after four consecutive quarters of decline, with the NCAER Business Confidence Index rising from 99.8 in Q1 to 107.8, supported by stronger festive demand and improved expectations among MSMEs and large firms.
- India’s private-sector activity expanded at its fastest pace in four months in October, with the HSBC Flash Composite PMI rising to 56.7 from 55.9 in September, driven by stronger services activity and new business growth, despite cautious hiring.
Geopolitical Updates
- Poland Prime Minister Donald Tusk urged deeper ties with India, inviting Indian firms to partner with Polish research and development teams across AI, digital solutions, and space technology.
- Russia is set to send its first diesel cargo to the US since the 2022 import ban, with a shipment of 40,000 metric tonnes expected to arrive in New York on November 7, following a temporary easing of restrictions amid elevated fuel prices.
- France plans to deploy 70,000 police and gendarmes to manage weekend protests and prevent a repeat of recent unrest involving looting, arson and clashes with authorities.
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.