INDIA IPO
18 June, 2026
Recent IPO Updates
- CMR Green’s ₹631 crore IPO was subscribed 127 times, with strong demand across categories and hopes of a healthy listing gain.
- SEBI has granted final approval to five companies for their IPOs, including OYO parent PRISM. The approved firms are Indiqube Spaces, Anthem Biosciences, Prostarm Info Systems and M&B Engineering, paving the way for their upcoming public market listings in India.
- Horizon Reclaim (India) Ltd. is launching its ₹54.27 Cr IPO on the BSE SME platform from June 12 to 16, 2026, with the main objective to fund the capital requirement for expansion & installation of plants & machinery and debt reduction to maintain its financials.
P.E. & Funding Updates
- AirTrunk plans a ₹2.86 lakh Cr investment in India to construct massive data centres. The firm aims to rapidly expand regional cloud infrastructure and digital capabilities.
- ACME Solar successfully raised ₹2,800 Cr through a Qualified Institutional Placement (QIP). The company intends to deploy this fresh capital to fund renewable projects and deleverage its balance sheet.
- Evonith completed the acquisition of Indrajit Power for ₹232 Cr and expects to boost internal power generation capacity for operations.
- Innefu Labs raised ₹286.17 Cr in a Series B round led by Panthera Growth Partners. The firm will deploy funds to advance sovereign AI infrastructure for national security.
- Ixigo acquired a majority stake in Brevistay for ₹65.69 Cr, as the firm made strategic investments in two early-stage AI startups to enhance its travel-tech ecosystem features.
Business & Economic Updates
- India's Q4 FY26 GDP grew 7.8% (beat 7.2% estimate), full year 7.7% (vs 7.6% projection). Services (12.5%) and manufacturing (7.3%) led. RBI cut FY27 forecast to 6.6% due to West Asia war inflation risks.
- RBI and govt steps may bring up to $50 billion foreign inflows by easing bond taxes, swaps and access, while RBI kept rates unchanged and raised FY27 inflation outlook.
- RBI Deputy Governor Gupta said gross FDI may cross $100 billion in FY27 as India stays attractive and net inflows improve, though more can come from easing policy.
- PMO advisor Tarun Kapoor said India should first shift from E20 to E25 ethanol blend before flex-fuel vehicles, with proper infrastructure, lower prices and support.
- Farm sector GVA (Gross Value Added) growth slowed sharply to 3% in FY26 from 4.2% in FY25, with current prices growth just 1.4% due to food price fall and El Nino impact.
- India will overtake China in global GDP share by 2060 in PPP terms, says the World Inequality Lab report. China's population is falling fast (17% now, less than 8% by 2100), while India's economy grows faster, reaching 16% share by 2100.
- Chief Economic Advisor Nageswaran says India can return to 7% GDP growth by FY28 with macro stability and supply-side measures. Assumes Iran war ends before FY28. Nominal GDP will exceed 10.1% budget target.
- Commerce Minister Goyal says India can boost seafood exports from $8.5 billion to $30 billion in 5 years. Focus on quality, value-added products and branded seafood. FTAs will help get better market access globally.
- RBI cuts export earnings realisation timeline to 9 months from 15 months. Exporters must bring back foreign money faster to strengthen the rupee and forex reserves. The earlier 15-month deadline is too long in current conditions.
- RBI allows banks to offer different rates on bulk deposits (₹3 crore+) based on liquidity, but requires them to publish rates on the website before the business day starts and follow them strictly, with no changes during the day.
- BHEL and SAIL may lose the Maharatna tag if they don't improve. Both failed to meet the ₹5,000 crore average annual profit criteria for 3 years. Downgrading to Navratna will reduce autonomy and investment limits.
- India’s investment and consumption stayed strong in FY26, with GFCF rising 8.2% and private consumption improving to 7.7%, helping GDP momentum.
- RBI announced 5 measures to attract foreign capital: expand FAR for long-dated bonds, ease FPI restrictions, boost NRI/OCI limits, offer forex swaps for ECBs/FCNR(B) and cut export repatriation to 9 months.
- The government exempts FPIs from all tax on G-Sec interest and capital gains from April 1, 2026. Removes 12.5% LTCG and 20% withholding tax to attract foreign capital and stabilise the rupee.
- RBI’s move to expand FAR may boost FPI flows in debt markets by letting more government securities qualify, improving foreign participation and supporting bond demand.
- OPEC's May oil output dropped 1.22 million barrels/day to 16.33 mbpd, the lowest in 37 years. Iran cuts led by US blockade and Gulf disruptions.
- RBI will bear full hedging cost for 3-5 year FCNR(B) deposits till September 2026. Banks can offer NRIs higher rates to bring in more forex.
- Global food prices stayed near a 3-year high in May 2026. FAO index at 130.8, slightly down. Cereals and sugar rose, but vegetable oils fell.
- RBI is giving PSUs concessional forex swaps till September 2026 to boost external borrowing. Will help PSUs raise cheaper global capital for expansion and infrastructure.
- Gurugram will get India's tallest building of 620-700 metres in the Global City project. Mixed-use tower on 6.7-acre plot with offices, hotels, homes.
- India launched E85 ethanol-blended fuel in Delhi at a ₹20/litre discount to petrol. Only flex-fuel vehicles can use it. Helps reduce oil imports and pollution.
- India mounted a strategic currency defence via capital account measures. The central bank intervened to stabilise volatile fluctuations and protect the macroeconomic environment from sudden capital outflows.
- Petrol and Diesel prices may face an additional hike of ₹5 per litre. This looming retail price surge stems directly from elevated global oil benchmarks and supply constraints.
- Zepto decided to dynamically link its free-delivery threshold directly to real-time market demand levels. This pricing adjustment allows the firm to manage operational logistics and delivery fleet costs.
- RBI lowered its economic growth forecast to 6.6% while raising the retail inflation projection to 5.1%. The central bank flags persistent energy supply risks and global disruptions.
- The IT Secretary urged the tech industry to aggressively seize emerging AI opportunities. The official highlighted that building localised tech ecosystems could trigger massive enterprise growth across firms.
Geopolitical Updates
- Putin offered Russia’s Su-57 jet and joint production to India, urging stronger defence ties while saying Russia-India relations won’t be affected by its China ties.
- India’s CEPA with Oman (effective June 1, 2026) is turning Sohar, Salalah, and Duqm ports into strategic hubs, positioning Oman as India’s gateway to West Asia and Africa while bypassing the closed Strait of Hormuz.
- Putin says Russia is ready for peace if Ukraine makes compromises on territory like Donbas and Crimea. Talks with Trump are ongoing, but Ukraine must agree.
- The IAEA called the drone attack on the UAE's Barakah nuclear plant unacceptable. Attackers hit the electrical generator, forcing the reactor to use emergency backup power.
- The Iran war will end only when fighting stops in Lebanon, too. Iran backs Hezbollah and won't agree to peace until the Lebanon-Israel conflict ends.
- India and the Philippines engaged in high-level trade discussions to ensure an early conclusion of a bilateral Free Trade Agreement, aiming to strengthen geopolitical ties.
- The US trade pact will be signed by mid-July, according to Commerce Minister Piyush Goyal. The strategic agreement aims to strengthen bilateral commerce, market access and industrial supply chains.
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.