India IPO
11 July, 2026
Recent IPO Updates
- NSE is pitching to 30 global institutional investors for its upcoming $3.6 billion IPO, leveraging its position as the world's largest derivatives exchange by trading volume and its service of over 185 million registered demat accounts.
- Kusumgar saw its ₹650 crore IPO, entirely an offer for sale (OFS), subscribed 128.85 times on its closing day, heavily driven by QIBs eyeing the defence and technical textile maker's strong annual net profit.
- Milkymist Dairy plans to launch its ₹2,035 crore IPO featuring a fresh equity issue of ₹1,785 crore and an offer for sale of ₹250 crore, aiming to fund facility expansion at Perundurai and capture growing market share in value-added dairy products.
- Zetwerk received SEBI approval for its IPO alongside Marri Retail, Pushpa Jewellers, Gujarat Victory Forging and Tonbo Imaging, allowing the B2B manufacturing marketplace giant, valued at around $2.7 billion, to raise capital for domestic and global operational expansion.
- State Bank of India plans to sell a 1.42% stake in SBI Funds Management through a pre-IPO placement worth ₹1,655 crore. The transaction values the AMC at around ₹1.2 trillion, ahead of its proposed ₹11,693 crore IPO.
- South Korean AI memory chip leader SK Hynix raised a record $26.5 billion through its Nasdaq IPO, making it the largest-ever US listing by a foreign company, surpassing Alibaba's $25 billion IPO in 2014. The offering was over 7x oversubscribed.
- The Delhi High Court has dismissed Zostel’s latest plea against Oyo, reinforcing that Zostel holds no stake claim from the failed 2015 deal. The order removes a key legal cloud over Oyo’s IPO path.
P.E. & Funding Updates
- SoftBank and PayPay are in talks to buy a several-hundred-billion-yen stake in Seven & i Holdings, 7-Eleven’s parent. The deal could bring AI-driven store management and autonomous robots to convenience outlets.
- TVS-backed Venus Atelier is acquiring a majority stake in traditional sweets brand Khoya. The deal marks Venus’ push into the ethnic mithai segment as it scales its food-and-beverage portfolio.
- Rakesh Kapoor, former Reckitt Benckiser CEO, has led a ₹50 crore round in quick-commerce grocery chain SumoSave Retail via his 12 Flags Group, backing its hyperlocal expansion plans.
- Indian AI startups raised about $1 billion in H1 2026, with firms like Neysa and Sarvam hitting unicorn status in under three years, as VCs concentrate larger cheques on fewer, stronger deals.
- Plum appointed Rothschild as financial advisor to lead a record $100 million fundraising round, seeking to secure fresh capital to scale its corporate health insurance operations and accelerate product development initiatives nationwide.
- Aukera raised ₹90 crore in fresh debt funding led by Alteria Capital, which the lab-grown diamond brand will deploy to scale its retail footprint and expand store networks across major Indian cities.
- Jewelbox is in advanced negotiations to secure ₹50 crore in fresh equity financing, as the emerging lab-grown diamond brand aims to scale its manufacturing capabilities and accelerate nationwide retail store expansions.
- Pernia’s Pop Up Shop raised ₹162 crore in debt financing following its recent SEBI IPO filings, positioning the luxury fashion e-commerce platform to clear existing obligations and accelerate strategic market expansion.
Business & Economic Updates
- Big Tech firms have doubled their debt to $350 billion in five years, fuelled by AI infrastructure spending. Investors worry as companies shift from cash reserves to heavy borrowing for AI builds.
- Taiwan’s King Yuan Electronics (KYEC), a key Nvidia supplier, plans to invest up to $1.4 billion in a new US facility. The move aims to strengthen its global supply chain and support operational growth.
- The Finance Ministry and SEBI are working on a fully digital e-KYC framework for NRIs and foreign investors, enabling remote onboarding through Aadhaar, passport-based verification, digital signatures and video KYC, eliminating the need for physical presence at bank branches.
- El Niño-driven crop disruptions pushed India’s oilseed imports sharply higher in April, as domestic output fell and crushers leaned on overseas supplies to meet steady edible-oil demand.
- Companies are quietly rolling back consumer discounts as input-cost pressures ease, but margin scrutiny remains high, signalling a shift from volume-led growth to more profitable, price-disciplined selling.
- An HSBC-S&P survey shows Indian private-sector business optimism fell to a nearly three-year low in June, as firms expect higher costs but limited ability to pass them on, squeezing margins.
- Commerce ministry discussions with industry bodies explored a $150 billion electronics export target by FY30, up from about $29 billion in FY24, as Apple-led manufacturing scales and policy support deepens.
- A UK tax change has reduced the attractiveness of FCNR deposits for non-resident Indians, as new rules alter the tax treatment of foreign currency accounts, trimming net returns for UK-based NRIs.
- Commercial bank credit grew 18.6% YoY as of June 27, the fastest pace in nearly two years. Banks disbursed ₹3.8 trillion in loans during the fortnight, while deposits increased by ₹6.97 trillion, supporting strong lending momentum.
- The World Bank approved a $4.2 billion financing package for India's solar expansion, including an $820 million MIGA guarantee, $2 billion in private financing, an $820 million IBRD loan, $60 million in concessional funding and a $10 million grant.
- Shapoorji Pallonji Group has secured about ₹21,500 crore in commitments for the first tranche of its dual-currency refinancing. Rupee and dollar bonds attracted strong interest from domestic and global institutional investors.
- Indian Bank reported 18% YoY growth in net profit to ₹2,737 crore, with advances rising 14% and deposits 13.4%. Bank of Maharashtra posted a 23% YoY increase in net profit to ₹1,593 crore, supported by strong loan growth and improved asset quality.
- Indian Bank has scaled back its planned ₹5,000 crore capital raise after a lower-than-expected hit from expected credit losses (ECL). Improved asset quality reduced the immediate need for fresh equity.
- SEBI has approved intraday borrowing for mutual funds to manage temporary liquidity mismatches, including redemptions and settlement obligations. Borrowings must be repaid by day's end and cannot be used for leverage.
- India's foreign exchange reserves increased by $7.26 billion to $674 billion for the week ended July 3, driven by higher foreign currency assets and gold reserves, remaining among the country's highest-ever reserve levels.
- Net equity mutual fund inflows rose 26% MoM to ₹28,973 crore in June, while SIP contributions remained above ₹27,000 crore for the 46th consecutive month, reflecting resilient retail investor participation.
- The Federation of Automobile Dealers Associations (FADA), representing 30,000 dealerships, said it has not received a single documented complaint related to E20 fuel. A survey of 60–65 General Council members also reported no verified E20-related vehicle issues.
- India's EV components market is projected to grow eightfold from ₹41,000 crore in 2025 to ₹3.55 trillion by 2032, registering a 38% CAGR. Battery packs and inverters are expected to account for over 50% of the market by 2025.
- India has notified the tariff schedule under the India-UK FTA, reducing import duty on eligible UK cars from over 100% to 10% under a tariff-rate quota. The annual quota starts at 20,000 vehicles and expands to 37,000 vehicles, while EVs priced above £40,000 remain excluded.
- Large-cap mutual funds have lagged mid- and small-cap peers on downside risk-adjusted returns. No large-cap fund recorded a Sortino ratio above 1 over the last three years, while 21.7% of flexicap, 55.2% of midcap, and 54.2% of small-cap schemes achieved a Sortino ratio of 1 or higher.
- The government has directed all CPSEs to route MSME invoice payments through the TReDS platform. TReDS financed invoices worth ₹40,000 crore in FY26, up from ₹34,700 crore in FY25, to improve MSME liquidity and faster receivables financing.
- India's FM Nirmala Sitharaman scheduled a meeting with public and private bank chief executives on Monday to discuss FCNR(B) foreign currency deposit flows, aiming to bolster capital inflows and strengthen rupee liquidity.
- Gujarat pivoted its industrial policy focus toward building a robust semiconductor supply chain ecosystem, offering up to 50% capital subsidies to complement the central government's ₹76,000 crore India Semiconductor Mission initiatives.
- Jindal Group committed ₹701,000 crore in long-term investments to Jharkhand for mega steel manufacturing plants and green hydrogen production, supporting the state's industrialisation drive and generating over 100,000 direct and indirect jobs.
- Indian OMCs are expected to report June quarter losses reaching ₹60,000 crore due to unrecovered fuel marketing margins and elevated global crude oil prices that were absorbed without increasing domestic pump retail tariffs.
- India expanded its non-fossil fuel energy capacity by 22% year-on-year, pushing total renewable capacity beyond 200 GW as the nation makes steady progress toward its ambitious target of 500 GW by 2030.
- Vikram Solar announced a ₹15,000 crore investment to construct a solar battery manufacturing facility in Tamil Nadu, boosting India's domestic clean energy storage supply chain and supporting large-scale grid stability projects nationwide.
- India recorded a 28.5% surge in June e-bus registrations, supported by PM-eBus Sewa incentives pushing public transit decarbonization as state transport undertakings deploy electric fleets across major urban transit routes nationwide.
- TCS reported delayed broad-based revenue recovery as global enterprise clients maintain tight discretionary IT spending, despite India's top software exporter retaining industry-leading operating margins near 24.5% amidst international economic uncertainties.
- Swiggy received an administrative compliance order from FSSAI regarding operational licensing for its 'Toing' service, underscoring tightened regulatory scrutiny over quick-commerce food safety protocols and supply chain hygiene standards across delivery hubs.
- Renault India partnered with IIT Kanpur for advanced research and development, focusing on lightweight electric vehicle architectures and sustainable battery management systems tailored specifically for hot climates and diverse Indian road conditions.
- India initiated strict regulatory crackdowns on high-alcohol cough syrups and prescription remedies, mandating batch quality audits and state licensing checks to prevent misuse and protect public health across domestic pharmaceutical retail distribution.
- Indian Railways approved ₹381 crore to deploy Kavach 4.0 ATP across 680 route-km under Delhi Division and expand electric locomotive homing capacity at Raipur to support 250 three-phase locomotives.
- India is projected to attract $90 billion in data centre infrastructure investments by FY35, propelled by rapid enterprise adoption of generative AI workloads, cloud computing expansion, and strict localised data sovereignty compliance rules.
- India defended its mandatory E20 ethanol blending rollout despite acknowledging higher production costs and a 3–5% vehicle mileage drop, highlighting ₹1.9 lakh crore in foreign exchange savings and reduced net carbon emissions.
- Assam Finance Minister Jayanta Mallabaruah outlined AI integration to plug tax leakage, a 2-lakh-job-creation roadmap across state departments, and cultural soft-power initiatives in the state’s ₹2.85 lakh crore budget.
- ONGC cleared a $1.6-billion (₹13,300 crore) plan to construct a 1.75 MMT strategic petroleum reserve in Mangaluru, adding 12.8 million barrels to safeguard national energy security against global supply shocks.
- India ruled out offering separate retail fuel choices between unblended petrol and E20, citing logistically infeasible dual distribution networks across 90,000 petrol pumps and severe operational cost escalations for domestic oil marketing companies.
Geopolitical Updates
- US President Donald Trump said the Iran-Israel ceasefire remains in effect, while confirming that diplomatic talks with Iran will continue. The discussions aim to address regional security, including the Strait of Hormuz and Iran's nuclear programme.
- India marked a historic geopolitical milestone as Prime Minister Narendra Modi visited New Zealand—the first visit by an Indian PM in 40 years—to expand Indo-Pacific bilateral trade, education ties, and maritime security.
- United Kingdom political projections highlight Andy Burnham as a strong candidate for the future UK Prime Minister, reflecting shifting internal Labour Party dynamics and prospective socio-economic policy adjustments across British regional governance models.
- Afghanistan formally requested agricultural technical assistance from India to modernise irrigation systems and improve crop yields, seeking bilateral cooperation to combat severe climate droughts and bolster rural food security across its provinces.
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.