INDIA IPO
18 June, 2026
Recent IPO Updates
- IPO-bound Zetwerk's FY26 operating revenue rose 24% to ₹15,900 Cr from ₹12,800 Cr, with ₹12,000 Cr order book, focusing on energy, power, data centers; filed DRHP confidentially aiming approx 5,000 Cr IPO at $4B valuation in 2026.
- Turtlemint Fintech IPO opens June 19, closes June 23, listing June 29 on BSE/NSE with a fresh issue of ₹660.72 Cr and OFS of 221.86 Cr shares, for a total fundraise of approx ₹882 Cr.
P.E. & Funding Updates
- HCLTech invested $150 million to get a 10.5% stake in Sarvam AI, helping the Bengaluru startup raise $234 million at $1.5 billion valuation, making it India's newest AI unicorn building sovereign AI models for banking, defense, and government.
- Zerodha co-founder Nikhil Kamath invested ₹50 crore in Foodstories, a premium food retail startup by Ashni and Avni Biyani, to expand stores, digital business, and delivery in Delhi, Mumbai, Bengaluru, Hyderabad.
- YourNest VC closed a ₹400 crore fund to back 7 deeptech startups like Miko and Exponent Energy for 5-7 more years, giving early investors liquidity while staying invested for big exits.
- Beauty retailer Purplle paused PE fundraising over valuation disagreements; founders Manish Taneja, Rahul Dash, and Suyash Katyayani bought ₹90-100 crore shares from angels at ₹11,300 crore valuation, 11% above 2024's ₹10,000 crore ADIA round.
- SolarSquare, a residential rooftop solar player, raised $53 million in a Series C round led by B Capital, boosting total capital past $100 million to capture India's expanding green home ecosystem.
- AutoVRse, a Bengaluru-based deep-tech platform, secured $2.4 million in fresh funding to scale its immersive enterprise AI and virtual reality training modules for heavy manufacturing and automotive sectors.
- Maya Research, a technology startup, raised $1.9 million to build advanced, specialized voice interfaces designed to assist individuals facing speech impediments, motor challenges, or progressive neurological conditions.
- ContraVault, a cybersecurity startup, secured $3.1 million in an exclusive funding round to fuel its commercial expansion, product deployments, and go-to-market operations across the United States.
Business & Economic Updates
- VCs and PE investors will sell billions in IPO shares as lock-ins expire for 75 companies by September, unlocking $31 billion worth of shares including Meesho, Vishal Mega Mart, and Fractal for liquidation.
- India’s wholesale inflation rose to a three-year high of 9.7% in May, driven by surging energy prices, increasing inflationary pressures and economic challenges.
- Adani Group and US firm Jabil plan to partner to manufacture AI data centre hardware in India, including servers, racks, cooling systems, and building next-gen AI infrastructure at scale.
- Insurers are using AI to automate claims, underwriting, and onboarding because they can't find enough trained insurance professionals, enabling growth without hiring more people.
- Japan's Proterial will invest ₹2,250 crore to build a rare earth magnet plant in Andhra Pradesh, producing 1.2 tonnes annually for EVs, wind turbines, and defence, reducing China reliance.
- Indian markets rallied as easing US-Iran tensions strengthened the rupee, lowered bond yields, and boosted investor sentiment through falling oil prices and improved macroeconomic outlook.
- SEBI may revive open-market share buybacks, simplify approvals, strengthen investor safeguards, and introduce reforms to improve market efficiency, liquidity, and fund operations.
- RBI tightened rules on bundled financial products, banning coercive selling and dark patterns while requiring explicit customer consent and compensation for mis-selling.
- India’s unemployment rate rose to an 11-month high of 5.5% in May, reflecting softer labour market conditions despite only a slight decline in labour force participation.
- India recorded a $4.7 billion current account surplus in April, supported by strong services exports, remittances, and investment inflows despite a merchandise trade deficit.
- India’s trade deficit stayed high as imports surged despite record exports, driven by strong petroleum demand, engineering goods, and recovering shipments to West Asia.
- India blocked Starlink's laser inter-satellite link (LISL) tech that beams data between satellites, fearing Indian user data could route through US/foreign gateways bypassing the national firewall.
- RBI increases NRI/OCI individual investment limit in Indian listed companies from 10% to 15% of paid-up equity capital (from April 2025), aggregate limit from 24% to 30%, allowing more overseas investors to buy shares without SEBI FPI registration.
- RBI increases NRI/OCI individual investment limit in Indian listed companies from 10% to 15% of paid-up equity capital (from April 2025), aggregate limit from 24% to 30%, allowing more overseas investors to buy shares without SEBI FPI registration.
- Brent crude fell 4.7% to $83.25/barrel, WTI down 5.1% to $80.53, trading at lowest since March 10, after Trump-Iran peace deal to reopen Strait of Hormuz toll-free, ending US naval blockade, restoring 20% global oil/LNG flows.
- India's FTAs with UAE, Australia, UK, EU now enable textile exporters to access 70% of global markets tariff-free or low-duty.
- Goldman Sachs cut India's 2026 CAD forecast to 1.3% of GDP from 2%, projecting 0.6% BoP surplus after two years of deficits, as lower oil intensity, improved energy efficiency, stronger remittances ($122B), services exports ($330B), and reduced crude imports ($170B) make India less vulnerable to oil shocks.
- India's new series WPI (base 2022-23) hit 9.68% in May from 8.26% April, at least 3-year high, driven by fuel/power inflation (30.33%), crude petroleum (61.51%), food articles (3.6%), manufactured products (7.48%).
- India launches Green Energy Transmission Scheme (GETS) to build 30,000 km transmission lines, 21 GW storage, aligning grid infrastructure with renewable capacity addition, targeting 500 GW non-fossil by 2030, preventing renewable curtailment, and evacuation delays.
- India's May 2026 merchandise exports surged 18% to record $45.2B (6-month high), driven by petroleum (55% growth), engineering goods, electronics, and West Asia recovery; imports rose 20.6% to $73.4B due to crude oil, gold, widening trade deficit to $28.21B from $22.6B.
- India has supported a negotiated two-state solution for the Israel-Palestine conflict since 1948, calling for sovereign Palestine within 1967 borders living peacefully with Israel, unchanged despite global shifts, recent recognitions of Palestine, and the Gaza war.
- RBI bars banks from selling third-party products (insurance, mutual funds) without banning staff incentives, bundling, dark patterns and mis-selling, effective July 1, 2026.
- IRDAI proposes allowing insurers to merge with non-operating holding companies (NOHCs), simplifying ownership norms, raising stake transfer approval threshold to 5% from 1%, easing capital structure rules, and reducing compliance burdens to boost sector flexibility and investor participation.
- SEBI will replace fixed 20% ETF price bands with dynamic bands from September 2026: equity/debt ETFs get ±10% (expandable to ±20%), gold/silver ETFs get ±6% (expandable to ±20%), switching from T-2 NAV to T-1 closing price for accurate pricing and better volatility alignment.
- Over 15% India-UAE trade now invoiced in rupee/dirham since July 2023 launch; both nations accelerate adoption by onboarding more banks, simplifying procedures, reducing paperwork to cut costs and boost trade efficiency.
- India posted a $4.7 billion current account surplus in April 2026—vs $4.8 billion deficit in April 2025—driven by higher services exports ($18.6B) and remittances ($16B), offsetting a $27.9B merchandise trade deficit.
- Vedanta's demerger into 4 pure-play entities unlocked ₹1.4 lakh crore; combined market cap rose 67% to ₹3.5 lakh crore as investors pay premium for focused exposure.
- India must build sovereign AI infrastructure—open models, local data centers, Indian-language AI—to avoid becoming a "digital colony" dependent on foreign tech.
- Angel One paid ₹4.28 crore to settle SEBI case over supervisory lapses and monitoring failures with two sub-brokers, without admitting or denying guilt, covering violation of stock broker regulations and oversight norms.
- Domestic fund houses, mutual funds, are overweight on pharma by 1.3% and e-commerce by 1.1%, aggressively buying impending IPO/active tech stocks while executing a massive ₹2,620 Cr selloff in sluggish IT equities.
- SEBI is tightening advertisement codes for online bond platforms to mandate explicit disclosures of historical yields and risks, protecting retail participants against misleading claims or non-transparent pricing structures.
- RBI strengthened compliance structures by making lenders directly liable for mis-selling third-party products, penalizing banks that push complex insurance and mutual fund policies onto retail account holders.
- Indian equity indices logged structural gains for consecutive sessions, lifting benchmark indices and creating an explosive ₹8.5 lakh crore in incremental investor wealth across nationwide demat accounts.
- A major 28% monsoon deficit threatens agrarian growth, forcing the Indian finance minister to flag localised rural distress as lower water table levels directly impact critical summer-sown Kharif crop yields.
- CCI is setting up a specialized tech panel to proactively investigate anti-competitive data monopolies, algorithm biases, and pricing risks emerging from rapid corporate AI integration and digital overhauls.
- The financial network of Visa passed 500 million credit and debit tokenizations in India, effectively eliminating raw card data storage at merchant checkpoints to comply with structural domestic cybersecurity mandates.
- Indian export shipping lines of basmati rice, organic vegetables, and fruits to Gulf markets are easing as bottlenecks clear, improving supply margins while domestic retail consumer food inflation indicators slowly stabilize.
Geopolitical Updates
- USTR Jamieson Greer will visit India for BTA talks, focusing on market access, tariffs, trade facilitation, and resolving key issues to advance bilateral trade.
- India and Slovakia elevated bilateral ties to Comprehensive Partnership; PM Modi signed Letter of Intent on defense for joint development/production, cyber security pact, labor migration MoU, counter-terrorism working group, AI/space/civil nuclear cooperation.
- Israeli PM Netanyahu says IDF troops will remain indefinitely in Gaza, Lebanon, and Syria security zones to protect borders from jihadists.
- Indian LNG carrier Disha, managed by SCI-led consortium and chartered by Petronet LNG, safely crossed the Strait of Hormuz for the first time since the US Iran War.
- G7 leaders in France (June 15-17) will discuss Iran peace deal aftermath, Strait of Hormuz reopening, Ukraine war, and Russia pressure; Macron seeks Trump's continued Ukraine support, Zelenskyy to attend, France/Britain ready for Hormuz security mission, Egypt/Qatar/UAE expected to join Middle East talks.
- A federal court temporarily stayed a ruling that struck down Donald Trump’s executive order, placing the proposed $100,000 H-1B registration tax back into active immigration review.
- The US and Iran landmark bilateral peace memorandum successfully restored regional maritime passage, reducing immediate geopolitical tensions and providing a critical macroeconomic lifeline to a cooling, inflation-weary global trade market.
- Strait of Hormuz’s toll-free reopening of the strategic channel is set to push regional LNG spot cargo prices into a stable $12-15 range, mitigating severe crude oil supply shocks for India.
- Strait of Hormuz’ s recent maritime friction stranded 16 India-bound transport vessels holding 6.9 lakh tonnes of vital agricultural fertilizer, risking a brief domestic mineral deficit ahead of the busy crop cycle.
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.