INDIA IPO
25 July, 2026
Recent IPO Updates
- Manipal Health will launch India’s largest healthcare IPO, raising ₹9,275 crore at ₹560–590 per share, with subscription opening on July 29.
- Lohia Corp’s IPO was 59% subscribed on day 2, with retail investors fully covered, while the ₹1,102-crore OFS closes on July 27.
- Cube Highways Trust secured ₹1,687 crore from anchor investors ahead of its ₹5,000 crore IPO, with the anchor book subscribed 9.35 times.
- Office-focused REITs raised over $1 billion during April-June, accounting for 51% of the quarter’s $2 billion domestic real estate fundraising.
- Xtranet Technologies saw its ₹166.80 crore IPO subscribed 1.96 times overall on bidding day two. Retail investors drove the demand, subscribing 2.50 times for the issue priced at ₹120–₹127 per share.
P.E. & Funding Updates
- BNP Paribas Cardif agreed to acquire a 26% stake in IndiaFirst Life Insurance from PE firm Warburg Pincus, in a deal valuing the insurer near $350 million. Bank of Baroda retains 65% ownership.
- Zetwerk secured ₹500 crore in pre-IPO funding from Bharat Value Fund ahead of its planned ₹5,000 crore public issue. The B2B manufacturing platform targets a $3 billion valuation to expand its supply chain operations.
Business & Economic Updates
- India’s private sector activity slowed to a four-year low in July, with the HSBC Flash Composite PMI declining to 54.3 from 57.1.
- India revised its e-commerce export policy to allow inventory-based exports, easing FDI rules to help MSMEs access global markets. The government expects the move to unlock up to $100 billion in cross-border exports, while marketplace platforms raised concerns over competitive neutrality.
- India’s crude basket surged 52% in 20 days to $103.33 per barrel, increasing pressure on oil marketing companies amid escalating West Asia tensions.
- The Centre proposed revising open-access electricity rules to allow multiple suppliers on existing distribution networks, boosting competition without creating new discom infrastructure.
- ICICI Bank raised $1 billion through its first dollar bond since 2017, marking India’s largest single-tranche overseas dollar bond issue this year.
- India’s total fund mobilisation jumped 122% month-on-month to a record ₹3.15 trillion in June, driven primarily by strong debt issuances.
- Indian equity markets posted their longest losing streak in over six months, with the Sensex and Nifty falling 2.7% and 2.3% during the week.
- HCLTech will invest ₹14,257 crore to establish its first AI data centre in Odisha, with operations expected to begin in 2028, supported by the state government.
- AMD expects the global AI-driven compute infrastructure market to expand from $365 billion in 2025 to $2 trillion by 2030.
- SBI Mutual Fund said SEBI’s proposed MF-only PMS framework could accelerate SIF growth, with SIF assets expected to exceed ₹1 lakh crore within 3–6 months.
- Oil prices retreated below $97 per barrel after topping $100, despite Trump warning Iran of harsher action following Houthi attacks on Saudi tankers.
- China may avoid retaliating against new US tariffs ahead of President Xi Jinping’s September visit, prioritising diplomatic engagement despite higher trade levies.
- Google signed a data connectivity deal worth over $1 billion with Verizon, prompting the telecom company to raise its annual adjusted profit forecast.
- Swiggy CEO Sriharsha Majety said quick commerce will stay competitive, with the company prioritising profitability, differentiation and operating leverage over aggressive volume growth.
- India’s foreign exchange reserves increased by $1 billion to $749 billion in the week ended July 16, supported by higher foreign currency assets.
- Karnataka launched the Innoverse Foundation to support DeepTech startups and announced the Bengaluru Tech Summit 2026. The state program provides early-stage technology founders with structured incubation space, expert mentorship, and VC funding access.
- Telangana sanctioned ₹740 crore to build and upgrade 1,569 rural health sub-centres, expanding primary medical infrastructure, essential diagnostic tools, and healthcare access across underserved rural districts throughout the southern state.
- India recorded an 11% year-on-year surge in national power demand from July 1 to 16, driven by elevated summer temperatures and heavy industrial activity, placing intense load pressure on power distribution networks.
- Sitharaman directed the CBDT to clear thousands of long-pending tax appeals, aiming to settle lingering disputes, minimize litigation friction, and accelerate revenue resolution for individual and corporate taxpayers nationwide.
- India approved the ₹3,030 crore BHAVYA-Rasayan scheme to establish three major chemical parks, boosting domestic raw material manufacturing capacity, reducing import reliance, and modernizing industrial supply chain infrastructure nationwide.
- SEBI proposed allowing portfolio managers to handle foreign investments and hold unhedged short positions, seeking to deepen market liquidity, improve risk hedging flexibility, and attract institutional capital into domestic financial markets.
- India revised open market rice sale guidelines to direct excess grain stocks toward ethanol distilleries, supporting the national target of 20% ethanol blending in petrol while maintaining sufficient domestic food reserves.
- India disbursed ₹35,354 crore under various PLI schemes through March 2026, boosting local manufacturing output, driving private capital expenditure, and raising export capacity across 14 key industrial growth sectors nationwide
- India imported 25.08 lakh tonnes of urea and 7.11 lakh tonnes of DAP during Q1, securing crucial fertilizer supply for farmers ahead of the peak kharif crop sowing season across major agricultural states.
- NSE announced the launch of India's first domestic benchmark-linked natural gas futures contract on July 27, offering energy traders a cash-settled risk management tool to hedge against volatile global natural gas prices.
- India Union Cabinet approved a draft bill imposing strict penalties, including up to 10 years in prison and ₹10 crore fines, for paper leaks. The law establishes fast-track courts to tackle recruitment examination malpractices.
- HCLTech announced a $1.48 billion (₹14,257 crore) investment to establish its first AI data center in Odisha alongside Sarvam AI, while also launching a new technology facility employing 5,000 professionals in Bhubaneswar by 2028.
- Adani Energy Solutions secured an $880.8 million (₹8,500 crore) inter-state power transmission project in Andhra Pradesh, expanding its overall order book past ₹80,000 crore to supply electricity to green hydrogen facilities in Vizag.
- India recorded a slump in private sector growth as the HSBC Flash Composite PMI fell to 54.3 in July from 57.1 in June, marking a 53-month low due to slowing activity in services.
Geopolitical Updates
- India secured a tariff advantage after the US imposed 10% duties on forced-labour imports, compared with 12.5% tariffs on competitors including China, Vietnam and Thailand.
- India and Israel concluded the second round of Free Trade Agreement negotiations, covering goods, services, rules of origin, intellectual property and customs procedures.
- China added 14 EU entities to its export control list, escalating trade tensions after Brussels imposed sanctions targeting Chinese companies linked to Russia.
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.