INDIA IPO
24 July, 2026
Recent IPO Updates
- Elevate Campuses plans to raise â‚ą2,550 crore via a 100% fresh issue mainboard IPO in August after receiving SEBI approval. The proceeds will fund debt repayment and expansion across 21 cities managing over 94,000 beds.
- Milky Mist Dairy Food is launching its â‚ą2,035 crore IPO in early August following a â‚ą482 crore pre-IPO funding round. The fresh capital will be mainly used to expand its Perundurai manufacturing unit.
- Lohia Corp received a muted 0.39x subscription on Day 1 of its â‚ą1,102 crore OFS IPO. The retail portion led demand at 0.67x subscription, while the price of offering remained fixed.
- Manipal Health Enterprises is reportedly preparing a $1-billion IPO later this month, with the price band expected today.
- Flipkart CEO Kalyan Krishnamurthy said the company has no IPO timeline, while positioning quick commerce as part of its broader marketplace strategy.
P.E. & Funding Updates
- Sequoia-backed AI chip startup Etched raised $300 million in Series C funding at a $10.3 billion valuation, challenging Nvidia’s dominance in AI chips.
- BusinessNext raised $40 million in Series C funding from ServiceNow Ventures at a $700 million valuation. The fresh capital will boost its proprietary autonomous banking platform and expand its private AI solutions across 120 global financial clients.
- CARPL.ai secured $10 million in Series A funding led by the International Finance Corporation (IFC) with participation from Stellaris Venture Partners. The healthtech platform will expand its global medical imaging AI marketplace, currently serving 30 major hospital networks.
- Farm Watt Innovations raised â‚ą32.5 crore in funding co-led by IAN Alpha Fund and Rainmatter. The climate-focused startup will expand its biomass collection network across 11 states to supply agricultural feedstock for Compressed Biogas (CBG) production
- NeuralKart raised â‚ą2.35 crore in a funding round led by Inflection Point Ventures. The insurtech startup plans to deploy the capital to scale its AI-driven claim settlement infrastructure and accelerate market expansion across major Indian urban centers.
Business & Economic Updates
- Wipro Consumer Care acquired the Good Home and Eva brands from TTK Healthcare for ₹256 crore. The acquired portfolio generated ₹148 crore in FY26 revenue, marking Wipro’s 17th strategic FMCG acquisition to expand.
- India’s Education Ministry reshuffled top administrative posts, appointing Naresh Pal Gangwar as Higher Education Secretary. Former secretary Vineet Joshi was moved, aiming to streamline national academic governance, national examination policies, and overarching institutional administration.
- India’s Petroleum Ministry clarified that premium high-octane petrol will remain 100% ethanol-free to protect performance engines. Meanwhile, standard petrol blending will maintain its targeted 20% ethanol mix ratio across all public fuel outlets.
- PM Narendra Modi announced dedicated fast-track courts to penalize culprits of competitive examination leaks. The central government intensified nationwide outreach to protect student interests and restore institutional trust following widespread paper leak controversies.
- SEBI proposed revamping its Online Dispute Resolution (ODR) framework to expedite grievance resolution for retail investors. The streamlined process aims to resolve investor disputes faster through digital conciliation and enhanced market intermediary accountability.
- SEBI is evaluating a dynamic, risk-based margin framework to lower transaction friction and increase cash market liquidity. The regulatory initiative balances trading flexibility with robust risk management across Indian stock exchange platforms.
- India relaxed e-commerce FDI guidelines, permitting foreign-funded platforms to own inventory exclusively for exports. The policy reform aims to scale domestic e-commerce exports from $5 billion to $200 billion by 2030, aiding local MSMEs.
- India plans â‚ą14,527 crore Phase-II strategic petroleum reserves, adding 6.5 million tonnes of storage through facilities in Odisha and Karnataka.
- DRDO successfully conducted the maiden flight test of the indigenous Kusha long-range missile, advancing India’s self-reliant air-defence capabilities against diverse aerial threats.
- Hindalco plans â‚ą50,000 crore of India investments over three years and is evaluating another â‚ą50,000 crore, creating a potential â‚ą1 trillion pipeline.
- Flipkart plans an August-September Bengaluru pilot for food delivery through its app and ONDC, seeking a larger share of India’s online food-delivery market.
- SEBI proposed an MF-only PMS framework with a â‚ą25 lakh minimum investment, alongside overseas investments, as PMS assets reached â‚ą42.61 lakh crore by May 2026.
- BSE Index Services launched the BSE Total Market Index, covering companies representing 98% of BSE AllCap market capitalisation, subject to a 1,000-stock limit.
- Oil prices topped $100 after Houthi attacks on Saudi tankers disrupted Red Sea supplies, while Trump warned Iran of “major punishment” over further attacks.
- IRDAI warned insurers against discounts up to 99% on fire-risk policies, as Q1 FY27 premiums fell to â‚ą8,087 crore from â‚ą11,206 crore.
- Seven major fintech firms warned NPCI that UPI Meta could reduce competition by steering users toward default payment apps instead of transaction-level choice.
- SEBI eased share-transfer rules after investors’ deaths, enabling fast-track processing for securities up to ₹10 lakh physically and ₹30 lakh in dematerialised form.
- India’s banking liquidity deficit reached ₹2,884 crore, its lowest since June 29, as accelerating credit growth and RBI forex intervention tightened system funds.
- Private bank ETFs gained appeal as the Nifty Private Bank Index rose 11.89% since April 1, supported by credit growth, easing margins and low NPAs.
- Global capability centres now influence $45–55 billion of India’s IT services exports, increasingly controlling enterprise technology budgets, vendor selection and transformation decisions.
- India eased FDI rules for export-only e-commerce inventory models, aiming to boost outbound shipments, with annual e-commerce exports projected at $4–5 billion in 2026.
- Indian refiners are testing Venezuelan and Angolan crude as Red Sea attacks disrupt routes and push Brent above $100 per barrel.
- India’s pulses imports declined sharply in FY26 as domestic production reached 27.4 million tonnes, while lower global prices also reduced the import bill.
- India’s installed non-fossil fuel power capacity is nearing 300 GW, with the government targeting 500 GW by 2030, minister Pralhad Joshi said.
- A total of 18,154 MSMEs shut down by June 2026, affecting 125,114 jobs, while MSME closures increased to 62,747 in FY26.
- MSME employment rose 16.5% year-on-year to 80.5 million in FY26, with trade leading at 29.8 million jobs, followed by services and manufacturing.
- India’s top IT companies maintain strong order flows, but geopolitical risks, project delays and weak traditional deployments pressure growth despite rising AI-related sales.
Geopolitical Updates
- Trump announced new bilateral tariffs targeting dozens of trading partners as the previous 10% baseline import levies expire. The move escalates international trade friction, imposing targeted tariffs ranging up to 25% on foreign imports.
- India defended its domestic trade policies during a World Trade Organization (WTO) review, addressing foreign scrutiny over import tariffs, Minimum Support Prices (MSP) for crops, and stringent Quality Control Orders (QCOs) on manufactured goods.
- India and Panama agreed to expand maritime cooperation, enhancing direct shipping routes and supply chain resilience. Both nations aimed to strengthen bilateral trade logistics, port infrastructure sharing, and regional maritime security across Latin America.
- India and the UAE announced a digital integration between India's DigiLocker and Emirati databases for instant academic degree verification. The landmark bilateral system simplifies cross-border employment, higher education processing, and paperless document authentication.
- US Secretary of State Marco Rubio met Russia’s Sergey Lavrov, reaffirming Washington’s commitment to helping end the Ukraine war through political and diplomatic efforts.
- External Affairs Minister S. Jaishankar urged choking terror financing and ensuring safe international shipping lanes, stressing zero tolerance for terrorism at the ASEAN forum.
- West Asian chokepoint disruptions threaten India’s energy supplies as Houthi action affects Bab al-Mandeb, while the Strait of Hormuz faces ongoing disruptions.
Source:
Latest IPO NewsFinancial Express, Mint, Business Standard, Economic Times, Indian Startup News, Inc42, Entracker
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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.