India IPO
31 July, 2026
Recent IPO Updates
- Manipal Health Enterprises’ ₹9,275 crore IPO was subscribed 0.45 times on Day 2, with the employee portion subscribed 1.45 times.
- Veritas Finance refiled its revised Draft Red Herring Prospectus (DRHP) with SEBI for its proposed initial public offering of a ₹900 crore IPO comprising a fresh issue and an offer for sale.
- Indo-MIM debuted on the NSE at a 44.3% premium, listing at ₹700 against its IPO price of ₹485.
- Quick-commerce platform Zepto paused its public offering after domestic funds valued it lower at $2.5B–$3B. The startup now seeks ₹1,000 crore ($105 million) in pre-IPO funding at a target $4 billion valuation.
- SEBI agreed to settle all pending cases with NSE for ₹1,491 crore, removing a major regulatory hurdle for the exchange’s long-delayed ₹26,000 crore IPO.
- Strong equity market momentum has pushed 66% of mainboard IPOs above issue prices. Strong investor appetite, backed by strict SEBI regulations and solid quarterly corporate earnings, continues driving high retail and institutional participation.
P.E. & Funding Updates
- Hyderabad-based D2C startup Sid’s Farm raised ₹81 crore in pre-Series B funding led by Omnivore and NSFO. Dodla Dairy acquired a 2% stake for ₹11.6 crore, expanding Sid's retail supply network.
- Lucknow-based speciality ingredient maker Arboreal Bioinnovations closed a ₹230 crore ($24M) Series A round co-led by Edelweiss's EAAA and Omnivore. Proceeds will expand manufacturing and R&D for next-generation functional food ingredients.
- Bengaluru-based agri-drone startup Suind raised ₹20.5 crore ($2.2M) in seed funding led by Transition VC and IIMA Ventures. Capital will scale DGCA-certified spraying drone manufacturing and accelerate industrial surveillance drone development.
- Chennai-based Hegdinvst raised $1.3 million in Series A funding from domestic and international HNIs. Capital will fulfil mandatory sponsor commitments for its SEBI-registered Category III multi-asset hedge fund.
- Affordable housing finance company Aham Housing raised ₹100 crore from Sanmar Group via Sanmar Shipping. The funding boosts net worth to ₹155 crore, supporting branch expansion into new tier-2 and tier-3 markets.
- Hair styling brand Truth & Hair raised ₹5.4 crore ($570,000) in seed funding led by angel investors. The startup will allocate funds toward expanding product SKUs, strengthening digital distribution, and scaling omni-channel marketing campaigns.
- Omnichannel grocery chain Apna Mart raised ₹120 crore in Series C funding led by Accel and Fundamentum. Capital will expand supermarket network across tier-2 and tier-3 cities, optimizing regional supply chains.
Business & Economic Updates
- NTPC is building more renewable energy capacity than coal projects for the first time, marking a strategic shift toward solar and wind-led power expansion.
- The government relaxed credit guarantee norms for microfinance institutions, increasing loan coverage to boost lending for small and mid-sized MFIs.
- Jio Credit, Hero FinCorp and other issuers raised ₹2,520 crore through corporate bonds ahead of the RBI’s August 3–5 monetary policy review.
- The US Federal Reserve kept interest rates unchanged, signalling a hawkish stance that could keep borrowing costs elevated and increase market volatility.
- B30 cities continued to outpace top metros in mutual fund asset growth during H1 2026, though the performance gap narrowed.
- The government is reviewing net neutrality rules to allow telecom operators to offer differentiated connectivity and pricing for specialised 5G enterprise and consumer services.
- Rajya Sabha passed the Anti-Paper Leak Bill, aimed at strengthening action against unfair practices and examination leaks in public recruitment tests.
- Mutual fund returns showed wide performance gaps across categories, highlighting the importance of fund selection beyond relying solely on past returns.
- Singapore’s tax authority clarified that withholding tax applies on interest paid by Indian banks to Singapore tax residents under leveraged FCNR(B) deposit structures.
- SEBI introduced a green channel allowing eligible Alternative Investment Funds (AIFs) to launch schemes within 10 days of filing placement memorandums.
- State-owned insurers quoted sharply lower premiums to win NPCIL’s nuclear insurance contract, reviving concerns over underwriting discipline in the general insurance sector.
- With the national defence budget reaching ₹7.86 lakh crore ($82 billion), India shifts focus beyond missiles to native air defence systems. Opening strategic missile programs to private players positions aerospace manufacturing as a major megatrend.
- A Hurun India report reveals top 117 female leaders command enterprise valuation of ₹39 lakh crore ($420 billion). Self-made executives comprise 84%, with HCLTech’s Roshni Nadar Malhotra leading at ₹2.84 lakh crore net worth.
- Pharma Secretary Manoj Joshi emphasised shifting from generic manufacturing to risk-led R&D and biopharma innovation. Stricter quality norms and regulatory agility aim to maintain India's position as the global "Pharmacy of the World."
- DCGI Rajeev Raghuvanshi announced an end-to-end digital drug regulatory platform launch within 18 months. Digital dashboards have already slashed clinical trial review timelines from 226 to 40 days, accelerating approvals significantly.
- The Centre introduced the ₹25,060 crore Export Promotion Mission to boost FTA utilisation among MSMEs. Policy reforms aim to simplify customs and expand market access across expanding trade pact networks like EFTA.
- India's ongoing EU FTA negotiations feature a dedicated work plan to address Europe's Carbon Border Adjustment Mechanism (CBAM). The mechanism safeguards key Indian metal exports while mitigating strict non-tariff trade barriers.
- Engineering giant L&T secured a major contract worth ₹10,000–₹15,000 crore ($1.2B–$1.8B) from NTPC. The order involves executing an ultra-supercritical thermal power project generating 1,600 MW capacity in Chhattisgarh to boost overall energy output.
- Mahindra Group Chairman Anand Mahindra stated India can become a global "connector economy" amid shifting global orders. Its political stability and trusted status make it a strategic buffer bridging fragmented trade blocs.
Geopolitical Updates
- A drone strike on a US-owned tanker near Egypt’s Suez Canal heightened fears of wider West Asia conflict, while oil prices remained elevated amid regional tensions.
- Russian crude imports to India hit an all-time high of 55% in July's basket, navigating West Asia geopolitical tensions. Indian refiners maximised discounted supplies, receiving over 2 million barrels daily despite Western sanctions.
- Prime Minister Narendra Modi urged global leaders to guarantee uninterrupted energy and fertiliser supply lines, addressing growing West Asia geopolitical conflict risks, safeguarding India’s domestic agricultural output and stabilising consumer price inflation.
- New Zealand Trade Minister Todd McClay announced its FTA with India will be finalised by year-end. New Zealand eliminates tariffs on day one, aiming to substantially expand bilateral trade beyond current $1.5 billion baseline levels.
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.