INDIA IPO
28 July, 2026
Recent IPO Updates
- Master Chains N Jewels filed draft papers with SEBI to raise up to ₹400 crore through an IPO comprising a fresh isue and an OFS.
- Juniper Green Energy fixed the price band of its ₹1,800 crore IPO at ₹214–225 per share, with the issue opening from July 30.
- China’s CXMT surged 466% after its IPO, becoming the country’s most valuable listed company with a market capitalisation of about $488 billion.
- Zepto and its investors are exploring an IPO at a revised post-money valuation of around $4-5 billion, sharply lower than its earlier $7 billion valuation, reflecting cautious investor sentiment and pricing discipline.
- Manipal Health faces a fresh IPO hurdle after US-based investors approached SEBI over a ₹32.25 crore dispute, creating potential regulatory scrutiny even as the healthcare major advances its public listing process.
- Lohia Corp saw its ₹1,101 crore IPO subscribed 7.25 times on the final bidding day, with QIBs leading demand. The strong institutional interest reflects positive investor confidence despite selective participation from retail and non-institutional investors.
- Indo-MIM closed its ₹3,811 crore IPO with an impressive 72.34 times overall subscription, while QIBs subscribed over 204 times. The overwhelming institutional response highlights robust confidence in the company's growth and manufacturing prospects.
P.E. & Funding Updates
- Deeptech startup Yaanendriya raised ₹15 crore from Piper Serica to scale indigenous navigation, sensing and control technologies for defence, aerospace and robotics.
- Omega Seiki Mobility raised ₹50 crore in a funding round to expand EV manufacturing, strengthen R&D, enhance its dealer network and accelerate next-generation vehicle launches. The company reported ₹333 crore FY26 revenue.
- IndiaMART will invest an additional ₹65 crore in fleet management startup Fleetx, increasing its stake to 25.8%. The investment strengthens IndiaMART's SaaS portfolio while supporting Fleetx's technology and business expansion plans.
Business & Economic Updates
- The US broadened its currency review framework but kept India off its monitoring list, concluding the RBI did not manipulate the rupee for trade advantage.
- ICRA estimates states face ₹24 trillion of bond repayments during FY28–FY32, highlighting elevated refinancing needs as state debt is projected to exceed ₹73 trillion by FY26.
- The government approved the RBI's proposal to issue ₹10 and ₹20 polymer banknotes for field trials to test durability before wider circulation.
- Amazon's Project Kuiper proposed deploying over 5,000 satellites to provide direct-to-device connectivity, expanding competition in satellite-based mobile communications.
- Sebi's proposal to expand derivatives usage in Portfolio Management Services could enable broader investment strategies and strengthen competition with AIFs and SIFs.
- Commodity ETFs have driven a sharp rise in passive fund turnover, with average daily ETF trading reaching record highs amid growing investor participation.
- The number of individuals reporting annual incomes above ₹100 crore rose to 576 in AY2025-26, up from 142 in AY2021-22.
- Micron has selected Larsen & Toubro as the EPC contractor for Phase 2 of its $2.75 billion semiconductor ATMP facility in Sanand, Gujarat.
- Global IT spending is projected to reach $6.37 trillion in 2026, up 14.2%, driven by accelerating investments in AI infrastructure, cloud platforms and data centres.
- Net inflows into mutual fund NFOs fell to a five-year low of ₹1,759 crore in the June quarter, while SIP contributions remained resilient.
- Adani Energy Solutions launched a ₹3,500 crore QIP with an upsize option to fund capital expenditure, debt repayment and potential acquisitions.
- Diversified brokerage firms outperformed in the June quarter, supported by healthy retail cash trading despite weaker derivatives activity.
- RBI’s foreign currency measures attracted about $32 billion in capital inflows within six weeks, led by FCNR(B) deposits.
- Canara Bank plans to raise $2.5 billion through FCNR(B) deposits and overseas borrowings to strengthen foreign currency inflows and replace bulk deposits.
- RMZ and Colt Data Centres will invest ₹1.77 lakh crore to establish a 1.25 GW data centre campus in Andhra Pradesh’s Visakhapatnam district.
- The Centre is preparing sweeping healthcare regulatory reforms to simplify approvals, reduce compliance burdens and attract greater private investment into tier-2 and tier-3 cities.
- India’s engineering goods exports rose 21% year-on-year to $11.5 billion in June, driven by strong demand from China, the US, Germany and Oman.
- Indian markets rallied as Brent crude fell below $90 per barrel, easing inflation concerns and boosting equities, bonds and the rupee.
- The government is considering an ₹80,000 crore incentive package to boost foreign investment in oil and gas exploration, including support for deepwater drilling.
- Consumer goods companies are expected to raise prices by 6–8% in August due to higher input costs, currency volatility and West Asia-related disruptions.
- ESIC disbursed ₹5.26 crore under the Atal Beemit Vyakti Kalyan Yojana, benefiting 4,072 unemployed workers.
- India Gold Metaverse raised ₹300 crore to develop digital infrastructure for India's gold economy. The funding will support blockchain-based gold solutions, digital asset platforms and technology expansion, strengthening innovation across the precious metals ecosystem.
- RBI stated that deeper financial markets are crucial for achieving India's developed economy vision by 2047. Stronger bond, equity and currency markets can improve capital allocation, attract investments and support sustainable long-term economic growth.
- Wheels India reported a 30% rise in net profit for the latest quarter, driven by healthy demand across domestic and export markets. The company's improved profitability reflects better operational efficiency and a stronger product mix.
- Coal India posted a marginal increase in net profit to ₹8,850 crore for the quarter, supported by steady coal production and sales. The state-owned miner continues to play a key role in meeting India's growing energy demand.
- The Oil Ministry said blending LPG with DME has challenges related to material compatibility and safety, highlighting infrastructure and equipment concerns. The ministry emphasized careful evaluation before large-scale adoption despite DME's clean-fuel potential.
- Indian Exporters have sought government intervention after the West Asia crisis disrupted shipping routes and sharply increased freight costs. Rising logistics expenses and delivery delays are affecting export competitiveness across multiple sectors.
- India reported its average crude oil basket price declining to $77.6 per barrel in July from $114.5 per barrel in April, reducing import costs and easing inflationary pressure on the economy.
- TVS Motor acquired an additional 4.39% stake in TVS Credit for ₹711 crore, strengthening its ownership in the NBFC. The transaction reflects TVS Motor's focus on expanding its financial services business and long-term growth strategy.
- OpenAI could receive backing from Nvidia worth nearly $250 billion for one of its largest AI data centre projects, according to reports. The investment would significantly enhance AI infrastructure and computing capacity for future models.
- Section 301 tariffs imposed by the US are testing India's export competitiveness as businesses navigate higher trade barriers. Indian manufacturers are focusing on cost efficiency, supply chain resilience and market diversification to sustain export growth.
- NHAI secured a ₹46 crore tribunal award against a contractor that had sought claims worth ₹3,177 crore. The ruling significantly reduced the financial liability for the highway authority in the long-running dispute.
- India is expected to witness a 7-fold rise in battery demand by 2032, driven by rapid EV adoption and renewable energy storage. The surge is likely to accelerate investments in battery manufacturing and critical mineral supply chains.
- India's packaged food market remains 81% unorganised, creating significant opportunities for branded snack companies. Rising urbanisation, higher incomes and changing consumer preferences are expected to drive organised market expansion.
- RBI policy measures could attract $80-85 billion in foreign capital inflows, according to an SBI report. Improved liquidity, stable macroeconomic conditions and stronger investor confidence are expected to support India's financial markets.
- Bank of Baroda (BoB) was reportedly hit by a cyberattack, with hackers claiming to have leaked nearly 1 TB of data. The incident has raised concerns over cybersecurity and customer data protection in the banking sector.
- India approved a ₹1.46 lakh crore defence modernisation push to strengthen military preparedness, with a major focus on drone warfare, indigenous defence manufacturing and advanced surveillance capabilities amid evolving regional security challenges.
- Delhi Government cancelled 1.79 lakh ration cards, removing 7.45 lakh beneficiaries from the PDS after verification found ineligible and duplicate records. The move aims to improve subsidy targeting and reduce leakages in welfare schemes.
Geopolitical Updates
- The US and Iran resumed indirect talks through mediators despite fresh regional drone attacks, keeping geopolitical tensions across the Gulf elevated.
- Iran said the United States was not involved in recent Oman-mediated talks on the Strait of Hormuz, describing them as bilateral discussions.
- Ukrainian drone strikes killed five people in Russia, as both sides intensified long-range attacks beyond the immediate frontline.
- Shipping traffic through the Red Sea fell to its lowest level in months after Houthi attacks on Saudi oil infrastructure disrupted regional maritime trade.
- India summoned Ukraine’s ambassador after a Black Sea drone attack killed an Indian seafarer, condemning attacks on commercial shipping and civilian sailors.
- China has built a mock US warship replica at a missile-testing site, signalling continued development and testing of advanced anti-ship weapon systems.
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.