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India IPO Daily Market Updates | 2nd August 2026

India IPO Daily Market Updates | 2nd August 2026

India IPO Daily Market Updates | 2nd August 2026

India IPO Daily Market Updates | 2nd August 2026

India IPO

India IPO

02 August, 2026

Recent IPO Updates

  • Zepto paused its ₹8,010 crore IPO due to a $4.5 billion public market valuation gap compared to its $7 billion private valuation. It is now raising ₹1,000 crore (~$105 million) via a pre-IPO placement.
  • NSE paid SEBI ₹714.74 crore to settle its co-location case, completing a total payout of ₹1,491.21 crore with an earlier deposit. This in-principle settlement clears a major regulatory hurdle for its anticipated IPO.

P.E. & Funding Updates

  • Indian startups collectively raised $142 million across 19 deals during the final week of July 2026, led by ventures like Freehand and Sid’s Farms, reflecting steady seed and growth-stage investor activity.
  • Indian startups raised $662.2 million across 85 deals in July 2026. Total funding dropped 67% MoM from $2 billion in June, though it grew 11% YoY compared to July 2025.

Business & Economic Updates

  • Electrical steel lamination maker Pitti Engineering is executing a ₹150 crore capex to expand sheet metal capacity to 108,000 MT and casting capacity to 36,000 MT, boosting high-value components for global industrial manufacturers.
  • Prime Minister Narendra Modi inaugurated infrastructure projects worth ₹1,880 crore in Andhra Pradesh, including two Greenfield highway stretches, the 6-km Tadipatri Bypass, and a bridge at Lingasamudram, reducing Vizag-Hyderabad travel by 3 hours.
  • Coal India reported an 8% year-on-year production increase to 50.36 MT in July 2026, while total off-take jumped 18.4% to a record 64.19 MT, driven by heightened power sector demand across India.
  • Indian Oil Corporation secured $500 million via a 5-year loan using RBI's concessional dollar-rupee forex swap facility. The refiner plans further overseas fundraising while maintaining 45 days of strategic crude reserves.
  • Madhya Pradesh Chief Minister Mohan Yadav unveiled development initiatives worth ₹300 crore aimed at empowering women. The package funds self-help groups, skill training institutes, and community welfare infrastructure across multiple state districts.
  • A study highlights that Odisha’s exports could reach $50 billion by FY 2029-30, up from ₹1.2 lakh crore currently, propelled by port infrastructure expansion, mineral processing value addition, and emerging green steel capabilities.
  • Andhra Pradesh registered a 21% year-on-year growth in gross GST revenues up to July 2026, outperforming the national average of 15.4%, driven by surging compliance, industrial momentum, and robust consumer demand.
  • Indian passenger vehicle sales surged 33% year-on-year in July 2026, propelled by strong market demand for SUVs. Industry leaders Maruti Suzuki and Hyundai recorded high double-digit volume expansion ahead of the festival season.
  • According to the EY-IVCA report, PE and VC investments in India declined 36% year-on-year during H1 2026, dropping to $14.2 billion across 410 deals as global investors exercised caution amid elevated market volatility.
  • Financial services platform IIRM Holdings secured ₹150 crore in funding from Carpediem Capital and Sanshi Fund-I. The capital injection will accelerate geographic expansion, bolster digital infrastructure, and scale its non-banking financial operations nationwide.
  • India's gross GST collections rose 15.4% YoY to ₹2.11 lakh crore in July, driven by robust import tax collections and resilient domestic consumption.
  • RBI's foreign currency deposit measures have attracted over $40 billion in inflows, with FCNR(B) deposits accounting for the majority of the mobilised funds.
  • Prime Minister Narendra Modi said India's youth are powering growth in AI, semiconductors, space technology and deep tech, backed by expanding education and innovation infrastructure.
  • Prime Minister Modi inaugurated South India's first semiconductor packaging and testing (OSAT) facility in Visakhapatnam, a ₹2,387 crore project aimed at strengthening India's chip ecosystem.
  • UPI processed a record 23.66 billion transactions worth ₹29.88 lakh crore in July, while the combined market share of PhonePe and Google Pay fell below 80% for the first time in years.

Geopolitical Updates

  • India is closely monitoring US legislation proposing 100% secondary tariffs on nations purchasing Russian oil. Halting Russian crude imports could trigger severe domestic energy inflation, costing significantly more than potential US trade penalties.
  • The India–New Zealand FTA secured 100% duty-free access for Indian exports and a $20 billion investment commitment over 15 years, while safeguarding domestic dairy and agriculture through strategic tariff exclusion lists.
  • India expressed concern as the US administration considers a $100,000 fee on international graduates utilising the OPT program. The proposed change directly threatens over 360,000 Indian students seeking post-graduation employment in America.
  • Border trade between India and China via Himachal Pradesh's Shipki La pass resumed after a six-year hiatus, restoring bilateral Himalayan commerce and strengthening regional economic ties along the high-altitude trans-border trade corridor.
Source:

Financial 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.

India IPO Daily Market Updates | 2nd August 2026