India IPO
30 June, 2026
Recent IPO Updates
- CSM Technologies successfully closed its ₹145.78 crore IPO with an aggregate subscription of 1.36 times, NSE data shows. Retail investors led the demand at 1.62 times, backed by anchor capital of ₹20 crore.
- Pristine Logistics & Infraprojects, a rail-focused logistics firm, has officially filed confidential DRHP papers with SEBI under the regulator's pre-filing route. The firm aims to raise primary capital to scale its rail-linked container terminals across key domestic freight corridors.
- Eswari Global Metal Industries filed a DRHP with SEBI for an IPO valued at ₹1,100 to ₹1,300 crore. Proceeds will be used for the manufacturing facility of the metal recycling firm and it will deploy ₹150 crore to expand its Mundra facility.
- Aastha Spintex's ₹170 crore IPO was 88% subscribed on Day 1, with strong retail participation, while the issue remains open until July 1.
P.E. & Funding Updates
- Pi Industries is eyeing exits from Fund-I and is planning its third deeptech VC vehicle that will focus on AI, robotics and agritech. The company's previous funds were ₹200 crore in 2021 and ₹350 crore in 2023 and it now targets investing in 15-20 startups with a new fund of ₹500 crore.
- The Indus Valley has raised $17 million in Series A funding for its AI-powered supply chain platform, which was founded in 2021. The company serves more than 150 enterprises across 12 countries, with investors including Accel and YourNest VC.
- AI platform Kapture CX has secured $10 million in Series B funding for customer experience automation. Founded in 2015, the company serves more than 200 enterprises across banking, insurance and retail sectors, with investors Blume Ventures and Earthmote.
- Rocket Lab has acquired Iridium Communications for $8 billion, merging their satellite networks to create a larger space operator. Iridium's 66-satellite constellation will join Rocket Lab's 130+ satellites, creating the world's largest satellite operator with next-generation broadband coverage.
- Incuspaze, an enterprise co-working space provider, raised ₹150 crore in an investment round led by Bharat Value Fund. The firm will deploy the funds to double its operational managed-office desk capacity ahead of its planned FY29 public listing.
- An AI-mentoring startup founded by IIT Bombay alumni, Lytmus, secured ₹5 crore in early-stage capital. The edtech firm will deploy the funds to develop customised AI learning modules for medical aspirants.
- Mykare Health closed its latest bridge funding round at $3.2 million, according to company announcements. The healthcare startup will channel the proceeds to integrate generative AI models within its operational hospital network.
- 3one4 Capital floated a targeted $15 million vehicle designed to back under-represented startup founders. The early-stage venture capital firm aims to bridge equity gaps by funding overlooked demographic groups across tier-3 ecosystems.
- The Func. Lab closed a $1.5 million seed funding round to scale its clean-label nutrition portfolio. Inc42 notes that the food-tech company will expand its supply chain infrastructure across micro-markets nationwide.
- Nua, a wellness startup backed by Lightbox, is in advanced discussions with Peak XV Partners and other prominent investors to secure a fresh equity capital injection of $25 million, media reports indicate.
- The Capitalist Ventures, a Hyderabad-based luxury e-commerce startup, successfully raised ₹10 crore in its latest funding cycle. The specialised marketplace will utilise the capital to expand its high-net-worth customer acquisition pipelines.
Business & Economic Updates
- Yes Bank is aiming to execute a major $1.7 billion equity capital raise to strengthen its Tier-1 capitalisation buffers. The firm is currently holding preliminary allocation negotiations with top global private equity funds and sovereign institutions.
- Central Bank of India has launched its dedicated international banking unit inside the IFSC at GIFT City, Gujarat. The state-owned banking firm will use this branch to access low-cost offshore funding and extend cross-border loans.
- The Insolvency and Bankruptcy Code (IBC) is receiving a targeted administrative overhaul designed to fortify protection for policyholders. The upcoming policy revisions will legally prioritise individual policyholder claims over unsecured creditors during operational corporate liquidations.
- The RBI Governor Shaktikanta Das highlighted that India's domestic economy is operating within striking distance of 8% real growth. This optimistic projection is strongly supported by a visible recovery in rural consumption patterns.
- India's investment-grade sovereign rating remains completely insulated from external shocks, global rating agency Moody's confirmed. The firm emphasised that strong nominal GDP growth will systematically contain fiscal deficits and broader public debt liabilities.
- The Indian Rupee experienced marginal depreciation following heavy month-end dollar demand from state-run oil refiners. Strategic foreign exchange market interventions by the RBI around the 83.50 mark successfully prevented sharp intraday volatility.
- Social Impact Funds (SIFs) are witnessing massive capital inflows, driving total assets under management close to the ₹14,000 crore milestone. Domestic institutional investors are scaling exposure due to stable returns from healthcare infrastructure.
- The Indian Ministry of Power announced that India's green energy generation capacity grew by 24% over the past year. Crucially, active power sector carbon emissions grew by just 0.9%, demonstrating decoupling of growth from pollution.
- The Prime Minister's Office scheduled a comprehensive review meeting with all central union secretaries today. The high-level session will focus on executing key infrastructure targets ahead of the upcoming Union Budget presentation.
- The Government of India announced a specialised state-backed insurance framework to fully cover export risk to West Asia. The policy cushion protects regional trade flows from non-payment hazards amid ongoing geopolitical conflicts.
- India is now the single most targeted country by ransomware operators across the entire Asia-Pacific region, cybersecurity indices show. Critical infrastructure, including provincial electricity grids and national digital banking rails, bore the brunt.
- India's agricultural sector is facing temporary headwinds as consumer crop planting lagged seasonal baselines. The Ministry of Agriculture reported the delay stemmed from a slower-than-expected early advancement of the southwest monsoon.
- ICRA signed a definitive agreement to acquire a strategic 40% equity stake in banking software vendor D2K Technologies for ₹32 crore, according to the rating agency's official stock exchange disclosure.
- India is fully equipped to absorb a modest fiscal deficit slippage this fiscal year without damaging its macroeconomic profile, global rating agency Moody’s stated, pointing to resilient nominal tax collections.
- Top companies in India, China and Hong Kong are losing market-cap share as investors shift toward global firms leading the artificial intelligence investment boom.
- The DPIIT has approved a ₹418 crore foreign direct investment from the OFI Global China Fund managed by Invesco into Zee Entertainment.
- According to MOSPI data, million-plus cities with urban populations over one million are outpacing the rest of urban India with 8.2% year-on-year job growth and 15% higher pay. Mumbai, Delhi and Bengaluru are the top cities for jobs and salaries, while smaller cities have only 4.5% job growth and 7% pay increases.
- The DPIIT has issued rules for an alternative quality compliance route that allows companies to self-certify products with reduced testing requirements. About 150 product categories are eligible for this route and the Bureau of Standards will verify 10% through random testing.
- India's power demand hit a peak of 250.3 gigawatts on June 29, which is the record second-highest level. Summer conditions and festival demand have driven this surge, with coal generation at 185 GW and renewables at 45 GW. Demand has grown 12% year-on-year and for 2026-27, a peak of 280 GW is expected with 50 GW of solar and 20 GW of wind capacity additions planned.
- Kolkata, Surat and Hyderabad have emerged as the leading enterprise hotspots with 35% of new business registrations in 2024-25. Kolkata is known for textiles and IT, Surat for diamonds and chemicals and Hyderabad for pharmaceuticals and technology.
- The dairy sector is expected to clock 13-15% revenue growth in FY27, reaching a ₹8.5 lakh crore market. Organic milk demand is growing 20% and value-added products 18%, with vertical integration, cold-chain expansion and premium packaging driving margins.
- Delayed soyabean sowing due to monsoon lag and waterlogging is likely to push edible oil prices 8-10% higher. India imports 60% of its 26 million tonnes demand, with palm oil up 5% and soy oil 7%.
- Kharif sowing has declined by 22.7% to 2.6 million hectares on June 29 compared to last year due to the late monsoon that arrived on June 18, which is 10 days late.
- The Index of Industrial Production has hit a five-month high at 5.1% growth in May compared to 2.3% in April. Manufacturing grew 6.2%, mining 3.8% and electricity 7.4%, with capital goods up 9.1% and consumer durables 8.3%.
- India's drug regulator tightened rules for IVF reagents, allowing sales only to registered fertility clinics to improve traceability, quality control and patient safety.
- Home sales across India's top seven metros fell by 6% year-on-year to 90,715 units in the second quarter of 2026, making it a three-year low.
- Omaxe has launched a new hospitality vertical and will invest ₹6,200 crore over 4-5 years to develop 19 hotels across 13 cities in five states. Twelve hotels will be in Uttar Pradesh, including two in Ayodhya and three in Lucknow, while the company will also develop one hotel each in New Delhi, Faridabad and Ujjain.
- Oberoi Realty has entered the Delhi-NCR market with its first luxury housing project called Three Sixty North in Gurugram, investing ₹6,000 crore.
- India has regained its position as the world's fifth-largest stock market by market capitalisation at $5.05 trillion after Taiwan and South Korea corrected. The AI euphoria that had temporarily pushed Taiwan to $4.97 trillion and South Korea to $4.66 trillion has fizzled, leading to profit-booking in tech stocks. India's market rose 2.75% in June, while Taiwan fell 2.3% and South Korea dropped 4.7%.
- Goldman Sachs is recommending that investors buy India's 30-year government bonds because it anticipates yields will drop in the near future. The investment bank says easing inflation expectations, lower oil prices in the $70-75 range and reduced fiscal risks have improved the outlook for long-dated government securities.
- The government has pledged another ₹30,000 crore for the National Investment Infrastructure Fund, bringing the total commitment to ₹1.5 lakh crore. The NIIF has deployed ₹85,000 crore across 150 projects, focusing on roads, power, logistics and renewable energy.
- India is setting its sights on easier nuclear plant site selection with new rules that cut clearance time by 50%, reducing it from 18 months to just 9 months.
- Indian AC makers, including Voltas, Blue Star and Hitachi India, are seeing a surge in European sales as alarm bells go off with heatwaves reaching 42°C in Berlin and 45°C in Athens.
- Verizon and BT Group have created a 50:50 joint venture combining their international business units, with a combined annual revenue of about $4 billion. Verizon will pay BT an equalisation payment of $625 million to ensure equal voting rights. The joint venture will serve more than 3,000 customers across over 180 countries and regulatory approval is still pending, with completion expected in 2027.
- Stock brokers are seeking relaxation in the RBI's new bank credit norms, warning that tighter liquidity rules could reduce market participation and increase funding costs.
- South Korea is investing $1.2 trillion, which is more than two-thirds of its GDP, in chips and AI data centres.
- IIFCL plans to raise a $1 billion overseas loan and is in talks with the ADB for $400 million to strengthen infrastructure financing.
- The government plans a ₹5,000 crore scheme to promote green technologies in the steel sector, supporting decarbonisation and cleaner manufacturing through sustainable production processes.
- An Anthropic report found that 35% of Claude users expect AI to perform most of their work within a year, reflecting rapid workplace AI adoption.
- SBI has raised $300 million through three-year floating-rate bonds at SOFR plus 100 basis points under RBI's ECB swap window. This makes SBI the first large public sector bank to use the new concessional swap facility.
- Prosus' India business generated $781 million in FY26 revenue, with PayU turning profitable and continued growth across its digital investment portfolio.
- Capri Global Capital plans to raise up to $500 million through offshore senior secured bonds under its $1 billion Global Medium Term Note programme.
- WhatsApp will allow users to create usernames, enabling chats without sharing phone numbers and adding an extra layer of privacy for conversations.
- The Japanese yen has crashed to 162.27 against the dollar, which is its weakest level since 1986. The widening interest rate gap between the US and Japan is driving the yen's persistent weakness and traders are watching the 164-165 zone.
- Delhi will stop fresh registrations of ICE two- and three-wheelers over the next two years, accelerating EV adoption under its new electric vehicle policy.
- India's external debt reached $762.8 billion at the end of March 2026, which is an increase of $26.3 billion or 3.6% compared to the previous year. The debt-to-GDP ratio has risen to 20.8% from 19.8%. Most of the debt is in US dollars and long-term debt of $613.5 billion grew by $11.6 billion.
- BPCL has acquired a 40% stake in the Shell-Tiki Tar venture for ₹85 crore to expand its value-added bitumen business. The joint venture produces premium bitumen products like PMB, CRMB and emulsions for highways and airport runways. The deal has received DIPAM approval and will be completed within 90 days.
- India has launched five projects to expand its strategic petroleum reserves, aiming to build a 40-day crude oil buffer and strengthen long-term energy security.
- The government has lifted all restrictions on petrol and diesel sales at retail pumps starting July 1. This ends the 200-litre daily diesel cap that was put in place during the West Asia crisis.
- The Delhi Cabinet has approved the new EV Policy 2.0, which will run from July 1, 2026, to March 31, 2030. The government will invest ₹15,000 crore over four years to boost electric mobility. Electric cars up to ₹30 lakh get 100% road tax exemption, while e-two-wheelers receive subsidies of ₹30,000, ₹20,000 and ₹10,000 over three years.
- Brent crude prices have risen by $1 to $80.50 per barrel, with a total gain of $1.25, due to concerns about Iran attacks and fresh US oil supply.
Geopolitical Updates
- India and the Maldives have commenced formal bilateral negotiations to execute a comprehensive free trade agreement. The diplomatic trade talks aim to lower customs duties and expand service sector access across the strategic shipping corridor.
- President Trump claimed that Iran has requested a meeting with US officials in Doha, Qatar, today, but Tehran has denied that any talks are planned. Iran has sent an expert delegation to follow up on releasing frozen funds. Previous talks were held in Switzerland on June 21 and negotiations continue through Qatar-Pakistan mediation amid tensions in the Strait of Hormuz.
- India has formally requested the European Union for specific exemptions regarding scrap metal export restrictions. Commercial ministry briefs warn that the proposed EU environment curbs could heavily undermine bilateral trade pact gains.
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.