India IPO
14 August, 2026
Recent IPO Updates
- Milky Mist Dairy IPO was subscribed 56.12 times on the final day, with QIBs bidding 155.83 times and retail investors subscribing 8.41 times.
- Navi has appointed JM Financial, Kotak Mahindra Capital, Goldman Sachs and JPMorgan Chase as advisers for its proposed ₹3,000-crore IPO.
- Shiprocket IPO was subscribed 3.16 times on Day 2, receiving bids for 29.82 crore shares against 9.44 crore shares on offer.
- Skyways Air Services launched its IPO of about ₹507 crore, with the issue open from August 24 to August 27, 2026 (anchor book on August 21).
- Mopshop Distribution SME IPO of ₹27.26 crore is open from August 19 to August 21, 2026, on the BSE SME platform.
- Muthoot FinCorp has filed a DRHP with SEBI for a ₹3,000 crore IPO. The issue consists entirely of fresh equity shares with no offer for sale (OFS), aimed at augmenting Tier-I capital for business expansion.
- Zetwerk Manufacturing filed an updated draft prospectus with SEBI for an IPO, raising ₹2,600 crore in fresh issue alongside a 9.68 crore share OFS. The company will use it to repay debt and pare borrowings at its subsidiaries.
P.E. & Funding Updates
- Centricity, a wealth management startup serving advisers, family offices and HNIs, raised ₹280 crore in Series A funding led by SMBC Asia Rising Fund at a ₹1,800-crore valuation.
- Scrubsy, a D2C home-cleaning brand offering kitchen, bathroom and footwear-care products, raised ₹27 crore from V3 Ventures to expand in-house manufacturing and support growth.
- Blacksmith, a cloud platform for building and testing software code, raised $45 million in Series B funding led by Peak XV Partners at a $550-million valuation.
- Quarkitech, a deeptech startup developing data-compression technology for defence and space applications, raised ₹2 crore in pre-seed funding and reported a ₹1.5-crore quantum mission grant.
- India’s fintech landscape saw payments firms raise $5.8 billion in equity since 2021. Despite regulatory hurdles, analysts forecast another $2 billion in potential IPO-bound capital by FY28 as companies prioritize profitability.
- Belgian consumer investment firm Verlinvest, managing over $2.2 billion in global assets, is in advanced discussions to acquire a stake in a private-equity-backed Indian haircare brand, expanding its growing beauty and personal care portfolio.
Business & Economic Updates
- SBI raised $500 million through Regulation S bonds at a 5.25% coupon, pricing the five-year debt at a spread of 88 basis points.
- Bank of Baroda raised $700 million through overseas bonds, including $400 million via a three-year bond at 5.114% and $300 million through five-year bonds at 5.318%.
- RBI’s proposed interest-rate framework could give banks and NBFCs greater pricing flexibility, while requiring clearer disclosure of lending-rate benchmarks and methodologies.
- Microsoft is reconsidering its China operations, having shut at least 15 offices and joint ventures over five years, while continuing to pursue AI and cloud opportunities.
- Foreign-currency inflows are supporting the short end of the G-Sec curve, with banks mobilising $36.73 billion through FCNR(B) deposits under RBI’s special scheme.
- Mini metros emerged as a weak spot for FMCG, with out-of-home consumption declining amid smaller pack purchases and pressure from higher costs and subdued demand.
- E-commerce is driving FMCG premiumisation, with affluent consumers buying more categories and larger packs; premium boosters purchased products across 32 categories.
- Parle Products retained the top position among India’s in-home FMCG brands for the 14th consecutive year, recording 8,515 million CRPs in 2025.
- Light House Green Data Centre pledged a ₹10,000-crore investment in Tamil Nadu for an AI-enabled hyperscale data centre in Thoothukudi, despite its small capital base.
- Retail inflation is becoming broader, with nearly 65% of CPI basket items recording inflation above 4% in July, indicating wider price pressures.
- A NITI Aayog report has called for greater localisation and technology adoption in chemicals, textiles, telecom equipment and solar PV manufacturing to strengthen domestic value addition.
- India’s major reservoirs saw storage levels improve 12% in a week to over 59% capacity, though levels remained nearly 20% below last year.
- India’s rice exports rose 1.7% to $3.82 billion during April-July 2026-27, but West Asia disruptions and higher shipping costs continue to affect shipments.
- The government said the Mines and Minerals Amendment Bill, 2026 will not affect state revenues, while aiming to standardise mineral-related taxes and curb unpredictable levies.
- Air India plans to induct over 100 aircraft in the next two years, as the airline focuses on profitability amid leadership transition and operational challenges.
- HDFC Bank is in talks with four West Asian banks to raise $2 billion under the FCNR(B) scheme and plans to raise another $1.2 billion through bonds.
- SIFs attracted ₹4,922 crore in July, surpassing popular equity mutual fund categories as affluent investors increasingly sought differentiated investment strategies.
- SEBI proposed lowering the asset threshold for accredited investors to include individuals with securities-market assets of ₹5 crore and body corporates with ₹20 crore, expanding the potential investor pool.
- The Tata Sons succession process has begun after SDTT initiated steps to form a selection committee, though an SRTT directive has temporarily stalled the process.
- India is seeking more US LPG supplies as state-owned refiners negotiate annual contracts, aiming to reduce dependence on West Asia for cooking fuel imports.
- The government received 20 bids for a ₹7,280-crore scheme to promote rare-earth permanent magnet manufacturing, targeting 6,000 MTPA capacity in India.
- Rural inflation reached 4.8% in July, exceeding urban inflation, driven largely by food prices and potentially weighing on rural consumption and demand.
- India’s merchandise exports rose 19.6% year-on-year to $44.24 billion in July, while imports increased 17.5% to $76.22 billion, widening the trade deficit to a six-month high of $31.98 billion.
- India’s entrance test preparation market is projected to grow to $23–26 billion by FY30, reflecting a ~12% CAGR. Analysts expect a surge in IPO filings from ed-tech leaders once SEBI clears new regulatory guidelines.
- NITI Aayog proposed new manufacturing clusters to lower logistics costs by ~15%. The strategy aims to attract $50–70 billion in private equity by streamlining land acquisition and reducing compliance burdens for industrial zones.
- UP Government allocated ₹15,400 crore to fast-track expressway connectivity. This infrastructure push is expected to boost state GDP growth by ~0.8% annually through improved supply chain efficiency and regional industrial integration.
- FSSAI has placed influencers under scrutiny as ~21% of health-related advertisements violate safety standards. The regulator is finalizing stricter compliance mandates to curb misleading claims in the ₹1.5 trillion Indian food market.
- Odisha government announced a 25% additional capex subsidy for semiconductor projects approved under the ISM. The move targets attracting ~$500 million in private investment for chip-supply chain components by 2028.
- Krafton India plans to diversify into AI startups and VC funds, co-investing ₹6,000 crore ($720 million) into the "India Unicorn Growth Fund". This strategy aims to capture ~10% market share in early-stage tech.
- RBI’s draft lending norms propose a harmonized interest-rate framework for all REs, effective April 2027. The rules aim to limit floating-rate flexibility, potentially impacting bank margins by ~5–10 basis points.
- EAC-PM data shows foreign firms’ investment intensity in India has declined ~10% since FY20. While FDI inflows remain robust at ~3% of GDP, capital expenditure per unit of operation has moderated.
- India’s solar capacity grew 38% in H1 2026, reaching 34 GWdc ahead of the ALMM-II deadline. Experts warn of a ~15% price spike in H2 as domestic cell manufacturing struggles with supply.
- FM Sitharaman urged startups to decentralize operations, pushing tech deployment beyond Tier-1 cities. The government aims to boost digital infrastructure in districts to increase regional GDP contribution by ~5% by FY29.
- India’s trade deficit surged to a six-month high of $31.98 billion in July. Imports rose 17.5% to $76.22 billion, driven by ~12% higher energy costs and elevated electronic component demand.
- July auto wholesale dispatches grew significantly as festival inventory stocking began. Two-wheeler (2W) exports surged ~28%, reflecting a recovery in global demand across ~10 key emerging market corridors.
- India is monitoring the US "Russia Tariff Bill," wary of secondary trade sanctions. Officials estimate that ~5% of current bilateral trade corridors could face compliance disruptions if the bill is enacted.
- SEBI has proposed a mandatory 'Credit Risk-o-Meter' for debt securities, using a six-level, colour-coded scale (from Irish Green to Red) to help retail investors visualize credit risk. Feedback is open until September 3, 2026.
- A SEBI study indicates that smaller IPOs see sharper exits by anchor investors once lock-in periods expire. Data shows that institutional investors frequently shift toward quick liquidation, with FPIs often emerging as the largest sellers in the post-lock-in window.
- Tamil Nadu signed 97 MoUs worth ₹67,542 crore at the Vetri Tamil Nadu Investment Conclave 2026. Key commitments include the Hinduja Group's ₹2,500 crore investment in renewables and EV ecosystems, and Daimler India’s additional ₹4,000 crore expansion.
- SEBI proposed manager-led accreditation to simplify onboarding for investors. This would allow investment managers to determine accredited status, valid for three years across various funds like AIFs and PMS.
- L&T secured a ₹10,000–15,000 crore order to build India’s largest single-cluster AI infrastructure in Chennai. The facility will deploy 10,000 NVIDIA B300 GPUs for the US-based company Together AI.
- The Odisha Cabinet approved ₹12,458 crore for the Parbati Giri Mega Lift Irrigation Project. To be implemented by FY31, the project targets creating irrigation potential for 2,62,275 hectares across the state.
- India plans to operationalize at least five indigenous Small Modular Reactors (SMRs) by 2033. Part of the Nuclear Energy Mission, these units (including 220-MWe and 55-MWe designs) will support industrial captive power and remote grid stability.
Geopolitical Updates
- India-US trade talks remain on track despite proposed US tariffs on Russian oil buyers, with discussions continuing on an interim bilateral trade framework.
- Ukraine attacked a major Russian oil refinery in Bashkortostan, with the facility’s 200,000-barrel-per-day capacity reportedly affected, amid continuing strikes on Russia’s energy infrastructure.
- Russian President Vladimir Putin visited the Kuril Islands, drawing protests from Japan, which claims the southern islands as its territory and opposes Russia’s control.
- Iran and the US exchanged rival claims over control of the Strait of Hormuz, amid continuing tensions and concerns over disruption to shipping and energy supplies.
- Bangladesh clarified that PM Rahman’s upcoming India visit depends on aligning schedules and finalizing bilateral agendas. Both nations are currently navigating trade discussions amid a ~5% fluctuation in regional cross-border commerce volumes.
- China extended anti-dumping duties on Indian single-mode optical fibre imports for another five years starting August 14, 2026. Tax rates remain unchanged, ranging between 7.4% and 30.6% depending on the exporter.
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.