India IPO
18 June, 2026
Recent IPO Updates
- Razorpay is expected to confidentially file its DRHP this month for a ₹5,000–6,000 crore IPO, marking another major fintech company preparing to enter India’s public markets.
- SEBI approved IPOs for Swaraj Green Power, Bonfiglioli Transmissions and Bombay Coated, allowing them to list on BSE/NSE within one year to raise funds.
- Elon Musk's SpaceX completed the largest IPO ever, raising $75 billion, surpassing Saudi Aramco's record by selling 555.6 million shares at $135 each, valuing the rocket and satellite company at $1.77 trillion and making Musk the world's first trillionaire.
- Valuedrive Technologies Pvt. Ltd. operates a used-car platform, Spinny, planning to launch its IPO and expected to file its DRHP with SEBI over the next quarter, targeting up to $300 million in capital towards its growing pipeline to the capital market and could become India’s major in the used-car platform segment.
- Casagrand Premier Builder secured official clearance from SEBI for its ₹1,220 Cr IPO, prioritising fresh equity inflows to efficiently pay down long-term corporate debt and for its day-to-day operations, like general expenses.
P.E. & Funding Updates
- Mumbai rooftop solar startup SolarSquare Energy raised $50-55 million led by B Capital at a $450-500 million valuation, nearly 2.5 times its last valuation, as it reports ₹355 crore FY25 revenue and an ₹800-1,000 crore annualised run rate.
- Meesho will acquire community-led B2B platform Kirana Club for ~₹202 crore in an all-cash deal, gaining access to over 4.1 million registered retailers and entering India's $658 billion grocery market, with the deal closing in three tranches by March 2027.
- QubeHealth-Pay successfully finalised its Series A investment round at a strong $44 million valuation, injecting vital capital to aggressively scale its specialised healthcare payments and expansion into international markets.
- Equal AI secured $30 million in a fresh Series B funding round, raised to quickly optimise its AI voice assistant software, as they have over one million active smartphone users monthly and around 3 million daily users across India.
- Rekise Marine has raised $9.7 million, led by Accel and NKSquared, directly fueling capital-intensive manufacturing and research into high-tech autonomous maritime vessels to disrupt automated shipping supply chains.
- Mad Over Buildings is orchestrating a fresh investment injection of ₹30 Cr, deploying the localised funding to expand geographic expansion, technology enhancement and strengthening its working ecosystem.
Business & Economic Updates
- Ather Energy's corporate board officially approved a major capital plan to raise ₹2,500 Cr via QIP, right issue and FCCBs, arming the premium electric vehicle manufacturer with liquid funds to expand manufacturing lines and protect market share.
- Passive value funds have outperformed active peers over the past three years, benefiting from strong gains in value-oriented stocks and offering investors higher average annual returns.
- DLI-backed chip design startups urged the government to provide procurement support for their domestically designed chips, alongside pushing for DLI 2.0 reforms like upfront funding and removing the ₹150 million cap to boost India's semiconductor ecosystem.
- RBI fined three cooperative banks ₹4 lakh for KYC delays and fair practice violations like director-linked loans, showing zero tolerance for compliance lapses.
- Tyre, paint, oil marketing and airline companies surged in a relief rally as global crude oil prices fell sharply, boosting oil-sensitive sectors that benefit from lower fuel and raw material costs.
- SEBI plans to ease KYC rules for foreign portfolio investors (FPIs) by aligning review timelines with RBI norms, creating a common KYC system and simplifying onboarding to attract more global capital into India's markets.
- Google sued a Chinese cybercrime group called "Outsider Enterprise" for using its Gemini AI to create 9,000 fake phishing websites and send 2.5 million spam texts, scamming hundreds of thousands of users.
- Banks asked RBI to clarify FCNR guarantee rule wording, linking standby letters of credit to funds "raised by any entity" instead of "any individual," to let NRIs leverage borrowed money for deposits and attract more diaspora dollars.
- India's AI Mission created 20 foundational models, with 5 released -Sarvam AI's OpenHindi-3, BharatGen's PARAM-1, Gnani AI's voice model, Soket AI's linguistic model and Gan AI's TTS model, trained on Indian data for sovereign AI across sectors.
- India barred bulk diesel buyers from retail pumps for 90 days, capping sales at 200 litres per customer daily and banning resale, to prevent diversion due to a ₹39/litre price gap and protect retail supply for common consumers.
- India's retail inflation rose to 3.93% in May from 3.48% in April, driven by higher food and fuel prices, but remained below RBI's 4% target and expectations of an Iran deal could ease pressures.
- Tata Motors Passenger Vehicles, which will raise car and SUV prices up to 1.5% from July 1 to offset rising input costs and inflation, affecting both ICE and EV models.
- The government has approved a 50% price hike for Cisplatin and Carboplatin to tackle shortages, aiming to ensure the continued availability of these essential first-line cancer treatment drugs.
- Global urea prices surged 141% in May due to supply disruptions and geopolitical tensions, increasing India’s fertiliser subsidy burden, though falling import costs may offer some relief.
- FSSAI has issued notices to Nestlé India, KFC and Flipkart over alleged hygiene lapses flagged on social media, prompting investigations while the companies deny or review the claims.
- Mobile phone sales by volume plunged 30–35% in May as retailers cut inventory and demand softened, even as brands raised prices to offset rising component costs.
- Companies are rushing to raise debt as easing bond yields lower borrowing costs, with nearly ₹40,000 crore of issuances lined up over two weeks despite a slow FY27 start.
- Indian markets posted their strongest rally in over two months as falling oil prices below $90 lifted investor confidence, boosting the Sensex, Nifty, broader markets and financial stocks.
- The RBI reviewed FCNR(B) swap structures with bank chiefs, offering full subsidies on hedging costs to comfortably attract an estimated $40 billion in foreign capital to defend the local currency.
- India's retail food inflation climbed to 4.78% in May, a painful spike driven by climate disruptions and ₹115 per barrel crude oil that heavily inflates logistics bills for domestic agricultural supply chains.
- The NCLT dismissed an insolvency petition targeting NMRC, saving the urban transit corporation from a grinding freeze on its extensive assets and ensuring regular, uninterrupted daily travel for lakhs of urban commuters.
- India's edible oil imports surged 6.7% in May, a tactical move by processing firms to ramp up domestic reserves, safeguarding local commercial supply pipelines against volatile international commodity pricing cycles.
- India signalled readiness to let its annual fiscal deficit expand slightly to 4.8% of GDP, choosing aggressive infrastructure spending to buffer the domestic marketplace against severe, ongoing energy shocks.
- AM Green partnered with VOC Port to anchor India's debut green ammonia bunkering hubs, a massive infrastructure project designed to capture a significant share of the global maritime eco-fuel market.
- India's forex reserves dropped by $711 million to a total of $681.61 billion following aggressive, necessary central bank dollar sales to insulate the rupee.
- State Lenders are preparing fresh dollar bond sales, capitalising directly on new RBI hedging subsidies to aggressively raise low-cost overseas capital and significantly diversify their institutional long-term funding sources.
- Global Markets are shedding a heavy war premium as US-Iran peace talks cool down crude prices by 1.62%, directly relieving energy cost burdens for major manufacturing and logistics corporations worldwide.
- SEBI is facing mounting public and industry pressure to quickly reform flawed domestic IPO rules, a necessary policy movement targeting retail investor protection against aggressively inflated startup valuations on Dalal Street.
- Equity Fundraising through domestic capital channels registered a staggering 220% annualized spike this past April, demonstrating immense financial appetite as major companies aggressively secure large-scale corporate liquidity for capital expenditures.
- Dalal Street closed the weekly trading cycle on an aggressive high, generating a massive wealth addition of ₹9.7 lakh Cr for institutional and retail portfolios amid highly robust domestic economic signals.
Geopolitical Updates
- Dinesh Trivedi, India's new political appointee to Bangladesh, arrived Friday via Petrapole-Benapole land border to take charge and tackle tensions over water, immigration and security.
- Prime Minister Narendra Modi and French President Emmanuel Macron are set to deepen India-France cooperation through talks focused on defence, civil nuclear energy, technology, trade and strategic partnerships.
- The U.S. plans to cut its NATO fighter jet fleet in Europe by one-third from about 150 F-16/F-15E jets to 100, along with removing tankers, reconnaissance aircraft, a submarine and an aircraft carrier.
- Iran condemned US attacks on Indian-crewed vessels in the Gulf as "armed robbery" and "state piracy" after the Settebello tanker strike near Oman killed three Indian sailors; Iran also denied a final US deal is close, despite Trump's claims.
- Anthropic, OpenAI and Google executives will attend next week's G7 summit in Paris to discuss AI governance, risks, jobs and IPO scrutiny alongside world leaders.
- US and Iran may sign an MOU tomorrow for a 60-day ceasefire, reopening Hormuz, allowing Iran's oil exports and starting nuclear negotiations on Trump's 80th birthday.
- The India-EU trade agreement is poised to unlock massive business corridors with Germany, dismantling tariffs to potentially double engineering and automotive component exports over the upcoming financial year.
- Hexaware secured an absolute legal victory after a US court dismissed a patent lawsuit, safely insulating the firm’s proprietary technology and protecting its critical North American operational revenues.
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.