India IPO
18 June, 2026
Recent IPO Updates
- SpaceX lowered its IPO valuation target to at least ₹171 lakh Cr, down from above ₹190 lakh Cr, with the market debut expected as early as June 2026.
- Three companies, named Rodec Pharma, Renny Strips and Krishna Buildspace, successfully secured SEBI approval for their IPO listing, with a main motive to upgrade their equipment, expansion and debt reduction.
P.E. & Funding Updates
- Anthropic raised approx ₹6.17 lakh Cr, hitting a ₹91.67 lakh Cr valuation and overtaking OpenAI's ₹69.35 lakh Cr, becoming the world's most valuable AI startup as the AI race intensifies.
- Eazzy raised over ₹4.18 Cr in angel funding to strengthen technology, expand across NCR and build AI-driven home service solutions, backed by founders and senior corporate leaders.
Business & Economic Updates
- SEBI made nomination mandatory for single-holder demat/MF accounts from September 1, 2026 (opt-out allowed), up to 3 nominees.
- SEBI imposed ₹28.95 crore penalty on Suzlon Energy (₹15.95cr), Vinod Tanti (₹5.75cr), Girish Tanti (₹5.45cr), former CFO (₹1.5cr) for misstating finances FY15-21, overturning the earlier clean chit.
- India's forex reserves fell $7.5 billion to $681.4 billion, RBI intervened to defend the rupee past ₹97, gold dropped $4.5 billion to $114.8 billion and foreign currency assets declined $2.8 billion to $543 billion.
- RBI's currency printing costs fell 23.5% to ₹4,875 crore in FY26 due to reduced banknote indent, even as cash circulation rose 11.8% to ₹41.23 lakh crore, driven by ₹500 notes.
- Rupee closed at 95.00 per dollar, its best day since April 2, strengthening 0.4% on dollar weakness, RBI intervention and moderating crude oil prices from recent highs.
- Bank frauds rose 46% to ₹48,000 crore in FY26, despite cases falling 57%, with advances accounting for 85% of fraud value. Public sector banks hit hardest at ₹35,709 crore.
- Vedanta got an AA+ rating from ICRA, the highest since 2014, for Vedanta Ltd and Vedanta Aluminium Metal Ltd, reflecting strong profitability, operational performance and deleveraging progress post-demerger.
- Sagarmala Finance will issue India's first blue bond, raising ₹1,000 crore to fund maritime and coastal infrastructure projects, addressing a 3.5-year versus 12-year asset-liability mismatch.
- Moody's upgraded Reliance Industries to Baa1 from Baa2, two notches above India's sovereign rating, citing diversified operations, strong liquidity, ₹25 billion cash and disciplined financial management.
- India Inc is rapidly adopting AI across operations while regulators like RBI and SEBI draft AI rules; companies are proactively building governance frameworks ahead of DPDPA compliance requirements.
- India ranked 5th-most digitised economy in 2026, ahead of Germany, France, Japan and Canada, but still trails China, Singapore and the US in AI capabilities.
- NITI says India must build a $150 billion semiconductor value chain by 2035, with government funding one-third of projects and focusing on design, packaging, materials and ecosystem development.
- Urea sales jumped 10% and DAP 39% after the Iran war, driven by farmer overstocking, panic buying and pilferage; India built stocks amid higher imports.
- India increased Russian crude and US gas imports in May, with Russian oil rising to 1.92 million bpd and LNG/LPG purchases shifting away from conflict-hit West Asia.
- Household savings rose in FY25 as financial liabilities eased; gross savings improved to 11.8% of GNDI, while net savings increased to 7% amid higher deposits.
- Bank credit growth stayed firm at 16.2% while deposits grew 12.2%, leaving a 400 bps credit-deposit gap; loan growth was driven by NBFCs despite geopolitical uncertainty.
- RBI will expand CBDC pilots in FY27, including cross-border payments, programmable and tokenised use-cases, while also widening retail and wholesale pilots with banks and government systems.
- RBI’s forex gains rose 52% in FY26 to ₹1.69 lakh crore, driven by higher dollar sales, but balance-sheet adjustments and mark-to-market losses reduced net gains.
- Government considering tax support and outcome-linked incentives for domestic EV battery manufacturing components (cathode, anode), reduce import dependence; proposal ready in 3 months; existing ₹18,100 crore ACC PLI scheme for 50 GWh capacity.
- Lingering geopolitical tensions may hurt loan portfolios as the RBI warns of oil-price, inflation, supply-chain and yield risks; Indian banking remains resilient, but growth could slow.
- MCA allows companies to invest up to 10% of CSR funds in zero-coupon zero-principal instruments from NPOs on the social stock exchange, exempt from impact assessment. The social stock exchange gets a boost after struggling with investors.
- India is likely to mandate isobutanol-diesel blending this year; MoRTH Secretary V Umashankar said BPCL research shows encouraging results, diesel consumption double petrol, greater energy security impact than ethanol-petrol blending.
- RBI asked public sector banks to stay prepared for Iran war risks—oil price shock, rupee volatility, higher inflation, risk-off sentiment, crude at $90/barrel, Strait of Hormuz tension.
- The government is exploring a commercial vehicle driver rating index to assess skills, behaviour and accident history, aiming to improve logistics safety and address India’s driver shortage.
- Intel and 3DGS are partnering to establish a massive semiconductor substrate manufacturing plant in Odisha. The project involves an investment of $3.3 billion, which converts to approximately ₹31,350 Cr.
- RBI stated that the domestic economy remains highly resilient and fundamentally strong, showing steady growth momentum despite rising global geopolitical uncertainties and commodity price fluctuations.
- CCI plans to grant errant companies additional timeline extensions to implement corrective structural measures, aiming to encourage voluntary compliance over aggressive corporate penalisation.
- The Supreme Court quashed SEBI’s long-standing RPL disgorgement order against Reliance, setting aside a ₹447 Cr recovery directive while upholding minor penalties for technical disclosure violations.
- India's equity market faced severe downward pressure as Friday's 1.5% plunge heavily intensified the street's week-long slide show, wiping off substantial investor wealth across major sectors.
Geopolitical Updates
- NSA Ajit Doval met Russia's First Deputy PM Denis Manturov in Moscow, reviewing defence, energy, space cooperation and discussing the BRICS NSA meeting, regional developments and visiting the Roscosmos space centre.
- India-US trade pact may be weeks away, Sergio Gor said; US is cutting reciprocal tariffs to 18% from 25%, India is reducing tariffs on US goods to zero, targeting $500 billion bilateral trade by 2030.
- India-Canada launched a trade forum during Piyush Goyal's visit, targeting CEPA by end-2026, Team Canada mission to India, collaboration in clean energy, critical minerals, agri-food, advanced manufacturing and digital tech.
- Trump met in the Situation Room for a final decision on the Iran peace deal, demanding no nuclear weapons, open Hormuz Strait and mine removal; the decision is pending after a two-hour meeting.
- EU calls its trade relationship with China unsustainable due to a €359.8 billion deficit, unfair competition, overcapacity and subsidies, while member states disagree on how to respond.
- US and Iran are on the verge of signing an interim diplomatic agreement aimed at de-escalating regional tensions and ending prolonged hostilities through phased, mutual compromises.
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.