INDIA IPO
24 September, 2026
Recent IPO Updates
- Kheria Autocom launched its ₹46.4 crore NSE Emerge IPO, comprising a fresh issue of 45.98 lakh shares, with bidding attracting 2.38x subscription.
- Paramount Syntex opened its ₹81.79 crore BSE SME IPO, priced at ₹119–127 per share, with the issue scheduled to open on September 30 and close on October 6.
- Dove Soft opened its BSE SME IPO of ₹73.26 crore, comprising a fresh issue and offer for sale, with a ₹104–111 price band, is scheduled to open on September 30 and close on October 6 and listing on BSE SME.
- Airtel Money plans a London IPO without fresh capital, targeting an $8–9 billion valuation, with the prospectus expected by October and listing later.
- WhiteOak Capital Asset Management prepares for a Dalal Street debut by filing a DRHP with SEBI to raise ₹1,500 crore via an IPO to expand market presence.
- StockGro parent company AssetGro Fintech plans a confidential DRHP filing with SEBI for its proposed around ₹2,000 - ₹2,500 crore public issue to assess market sentiment safely.
- PM Cona Industries filed draft papers with SEBI for an IPO comprising a ₹120 crore fresh issue alongside an offer for sale of 45 lakh equity shares.
P.E. & Funding Updates
- AI-powered Demoverse raised $600,000 (about ₹5.1 crore) in a pre-seed round led by Lumikai to expand its consumer co-creation platform and convert brand trials into paid campaigns.
- Delhi-based high-protein frozen food brand Protein Pantry raised ₹9 crore in seed funding led by Sharrp Ventures to scale manufacturing, R&D, supply chain and quick-commerce expansion.
- Bengaluru-based EV maker Ultraviolette raised $85 million (about ₹720 crore) in a funding round led by Yali Capital and TDK Ventures, with participation from Lip-Bu Tan and existing investors.
- Prime Focus-backed Brahma AI raised $150 million at a $2 billion valuation in a round led by Multiples, including a $100 million investment, to expand R&D and global operations.
Business & Economic Updates
- SEBI Chairman Tuhin Kanta Pandey called for greater focus on longer-term derivatives, including futures and longer-dated stock options, amid concerns over options-heavy trading.
- Tata Electronics has committed ₹1.18 lakh crore across a fab and packaging facility, while other companies expand chip manufacturing and global partnerships.
- 19 individuals and families from the technology sector entered the M3M Hurun India Rich List 2026, collectively commanding ₹3.07 lakh crore.
- Pilgrimage and religious tourism accounted for nearly half of India’s overnight trips, while health and medical travel recorded the highest average spending at ₹32,167.
- India’s fast-track FPI route attracted 164 registrations in over 100 days, offering 10-year registration and simplified compliance to select foreign portfolio investors.
- Tata Mutual Fund CEO Anand Vardarajan said India’s secondary markets have sufficient liquidity to absorb large IPOs without significantly affecting regular market inflows.
- RBI’s revised market-risk framework could increase banks’ capital requirements from April 2027, with greater transparency and risk assessment for trading books and investment portfolios.
- Oil India expects revenue from Mozambique, Russia and Venezuela to rise over the next two-three years as it expands operations and seeks to repatriate overseas funds.
- India’s composite PMI rose to 58.5 in September from 57.7 in August, driven by stronger manufacturing growth and improving business activity.
- Prices of premium non-basmati rice varieties including Sona Masoori, Ponni and Swarna increased by up to 25% amid rainfall deficiencies and supply concerns.
- DGTR recommended five-year extensions of anti-dumping duties on Chinese aluminium products, citing concerns over excess capacity and import pressure.
- IRDAI proposed revised commission limits across life and health insurance, aiming to reduce distribution expenses and strengthen cost discipline.
- India domestic passenger air traffic dropped 6.34% year-on-year in August to 12.126 million passengers, down from 12.947 million, as overall market momentum slowed slightly.
- SEBI Chairman Tuhin Kanta Pandey emphasized creating a balanced, sustainable derivatives market without causing unnecessary structural disruptions, prioritizing healthy growth across key index options.
- An SBI official expects the proposed 0.40% MDR on P2M UPI transactions above ₹2,000 to offset overall bank operational costs and generate a modest operational surplus.
- Prime Minister Narendra Modi chaired a Chintan Shivir with the Union Council of Ministers at Seva Teerth for mid-term governance stocktaking under the Viksit Bharat agenda.
- Global crude oil benchmark prices rose nearly 2% during volatile trading sessions following heightened supply disruption risks across major international maritime trade routes and geopolitical hubs.
- Retailers Association of India survey reported 10% year-on-year retail growth in August, driven by steady consumer demand and led by West India's 11% sales surge.
- Principal Secretary PK Mishra urged domestic industries to significantly cut import reliance and scale local manufacturing capabilities to make high-quality Indian products globally competitive.
- FSSAI initiated strict penal enforcement against five leading e-commerce platforms for violating food safety norms, non-compliance with labelling regulations, and distributing unapproved products.
- External Affairs Minister S Jaishankar highlighted global inequalities, emphasizing that developing nations in the Global South remain in the front row of crises but back row of decision-making.
- SEBI plans to review merchant banking regulations and ICDR norms to reduce IPO costs, revisit price band rules, and streamline print advertisement expenses.
- Primus Partners projected India's Ayush market will expand exponentially to reach $213 billion by 2030, attracting substantial private investment into holistic wellness sectors.
- The IEA report stated India's overall electrification rate could climb up to 32% by 2035, driven by rapid industrial power demand and EV adoption.
- India extended the anti-dumping duty on Chinese decor paper imports until March 2027, charging $110 to $542 per tonne to protect domestic makers.
- FlexiLoans projected MSME lending in India will reach ₹2.4 to ₹2.6 trillion during July–December 2026, spurred by festive season demand and expanding digital commerce.
- The Asian Development Bank raised India's FY27 growth forecast to 7% on strong investment demand, while trimming the FY28 projection to 7.1% due to a higher base.
Geopolitical Updates
- Iranian President Masoud Pezeshkian told the UN that Iran would not surrender to US pressure, while keeping the door open to diplomacy and negotiations.
- US President Donald Trump and Chinese President Xi Jinping are set to discuss trade, technology and Taiwan, while both sides signal continued AI development.
- BRICS countries will establish working groups on transfer pricing, international taxation and revenue statistics to address cross-border taxation challenges.
- External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio, raising strong concerns over Washington’s new SRIA legislation enabling up to 100% tariffs on Russian crude buyers.
- Prime Minister Narendra Modi plans to visit Canada and Belgium in December to negotiate and finalize key bilateral trade and economic partnership agreements.
- India and US officials held high-level discussions at UNGA to power the global AI economy by scaling data centers, clean energy grids, and cross-border digital infrastructure.
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.