INDIA IPO
12 September, 2026
Recent IPO Updates
- Rentomojo’s IPO was subscribed 72.28 times, while five other IPOs also saw strong demand; institutional investors remained key contributors to subscription momentum.
- Arcil’s ₹733-crore IPO was subscribed 20 times, with QIBs bidding 52.65 times their quota, while retail and non-institutional portions saw lower demand.
- Mann Fleet Partners received SEBI approval to raise funds through an IPO, comprising a fresh issue and an OFS of 1.9 million shares.
P.E. & Funding Updates
- Actor Triptii Dimri invested an undisclosed amount in Peep Beauty, joining the eye-beauty startup as co-creator and contributing to product development, creative direction and brand storytelling.
- Graph AI raised $13.3 million in Series A funding, led by Insight Partners with Bessemer Venture Partners participating, to expand its AI-powered pharmaceutical patient-safety platform across the US and Europe.
- AI contact-centre startup Dialflo raised ₹1.7 crore in its first funding round led by AJVC, with angel investors participating, to expand engineering, AI capabilities and enterprise customers.
- Cardless payments startup Piston raised $15 million in Series A funding, led by FPV Ventures with Spark Capital and Pear VC participating, taking total funding to $22.5 million.
- Greenwave Circularity secured a $31.5 million credit line from Austria’s OeEB to develop a 42,000-tonne annual-capacity integrated PET recycling facility in Odisha.
- Marengo Asia Hospitals secured ₹400 crore from LeapFrog Investments to double its total bed capacity to 4,000. Backed by Samara Capital, Havells, and Godrej, the platform aims to expand across new Indian geographies.
Business & Economic Updates
- Kotak Realty Fund invested ₹800 crore in Smartworld Developers' Gurugram residential projects, Smartworld Sky Arc and Trump Residences. The Phase I partnership represents a total Gross Development Value exceeding ₹8,200 crore.
- Federal Bank received board approval to raise $500 million in foreign currency-denominated bonds. Issued via its IFSC Banking Unit at GIFT City, the five-year notes will bolster overseas capital reserves.
- Jaishankar emphasized that global economic priorities must focus on building resilient supply chains to absorb external economic shocks, mitigate trade disruptions, and maintain seamless international connectivity during ongoing global supply chain transformations.
- Piyush Goyal met the EAEU trade chief to fast-track negotiations for an FTA, aiming to boost trade, eliminate non-tariff barriers, expand market access, and enhance bilateral commercial investment flows between regions.
- PM Modi called on global leaders to remove top 10 non-tariff trade barriers, secure vital maritime routes, ensure unhindered navigation, and strengthen global supply chain resilience at the high-level summit.
- GCC nations initiated discussions with Iran regarding security arrangements in the Strait of Hormuz, focusing on navigation rights, lowering military tensions, and preventing energy supply disruptions through the waterway.
- PM Modi held bilateral talks with UN Secretary-General Guterres on the sidelines of the global summit, addressing UN Security Council reforms, climate financing commitments, global South priorities, and international conflicts.
- Odisha concluded its three-day UAE investment outreach led by Chief Minister Mohan Charan Majhi, securing ₹2.43 trillion ($29 billion) in proposals across 24 MoUs spanning green energy, logistics, and manufacturing, potentially creating 618,725 jobs.
- BRICS ministers condemned unilateral tariffs, trade barriers, and discriminatory environmental measures as major global economic risks, warning they distort international supply chains, undermine WTO norms, and disproportionately hit developing markets' trade expansion.
- India jumped past Russia to become the world's 4th-largest foreign exchange holder after reserves registered a record $44.9 billion weekly surge, pushing total reserves to an all-time high of $785.7 billion.
- Bank of India and Indian Bank raised $2.4 billion and $2.3 billion respectively via FCNR-B deposits using RBI's concessional swap window to bolster dollar liquidity, pay off costly debt, and expand operations.
- India remains critically reliant on China for basic electronic components across 71 distinct product lines, highlighting severe structural import dependencies that threaten domestic electronics manufacturing resilience and supply chain autonomy
- Net monthly SIP account additions climbed to a 6-month high of 1.3 million in August, pushing total active SIP accounts to 107.5 million amid strong domestic retail mutual fund participation.
- FM Nirmala Sitharaman urged global financial regulators to establish dynamic AI safeguards that evolve alongside technological growth, mitigating algorithmic risks, protecting data privacy, and preventing financial market systemic vulnerabilities without stalling technological innovation.
- E-commerce companies operating in India face tighter compliance burdens under proposed consumer protection rules mandating stricter verification of third-party sellers, transparent dark-pattern disclosures, automated customer grievance redresses, and faster product return processing timelines.
- India pitched 37 deep-tech startups at the Bharat Innovates Exposition during the BRICS Summit 2026, targeting international investors across sectors like floating solar, marine robotics, AI healthcare diagnostics, and electric powertrains.
- India proposed establishing a shared Digital Public Infrastructure repository and capacity-building centers across BRICS nations to accelerate financial inclusion, strengthen digital identity architectures, and share scalable open-source technology frameworks.
- RBI will drain ₹1 lakh crore through OMO sales in three tranches, selling ₹50,000 crore on September 17 and ₹25,000 crore each on September 21 and 28.
- TAM India has applied to return to TV ratings, seeking a licence under the Television Rating Policy after nearly a decade, potentially ending BARC’s measurement dominance.
- AI could reduce banks’ cost-to-serve by 20–30%, according to BCG, with agentic AI improving customer interactions, underwriting, collections and customer service.
- US inflation remained steady at 3.4% in August, while core inflation rose 0.3% month-on-month, reinforcing expectations that the Federal Reserve may cut rates.
- Technology service firms could benefit as MDR returns to UPI, with banks and payment apps expected to outsource merchant-discount-rate operations and related technology services.
- Sberbank plans to expand digital-currency capabilities for cross-border settlements, seeing digital currencies as the next step in strengthening trade and investment between countries.
- SAP is expanding its India strategy around data sovereignty, strengthening sovereign cloud, infrastructure and AI capabilities for sensitive sectors including finance, railways and public administration.
- New Development Bank is seeking greater local-currency trade among BRICS members, aiming to reduce dependence on the US dollar and strengthen cross-border financial resilience.
- India’s 10-year government bond yield crossed 7%, its highest level in three months, amid rising crude prices and concerns over RBI liquidity management.
- India’s crude basket rose to $115.98 a barrel, squeezing oil marketing companies’ margins as elevated crude prices increase pressure on domestic fuel economics.
- Anthropic said it blocked AI misuse attempts involving biological and conventional weapons, including efforts linked to hacking, surveillance and military applications of its Claude models.
- Commerce Minister Piyush Goyal urged BRICS nations to link payment systems and expand local-currency trade, promoting resilient supply chains and greater market access.
Geopolitical Updates
- Egypt reaffirmed its strategic partnership with India within BRICS and multilateral platforms, focusing on expanding trade, defense collaboration, maritime security, infrastructure investments, and south-south cooperation mechanisms across regional sectors.
- PM Modi held bilateral talks with Vladimir Putin, setting a target to achieve $100 billion in trade by 2030 by expanding energy imports, joint investments, logistics corridors, and industrial ties.
- PM Modi met Iranian President Pezeshkian to discuss regional security, maritime freedom in the Strait of Hormuz, accelerating the Chabahar Port expansion, and diversifying bilateral trade baskets amidst West Asian tensions.
- Vladimir Putin rejected Western sanctions, pledging to scale up trade, logistics, and energy ties with India while asserting BRICS targets no nation. Moscow's growing Beijing ties, however, complicate PM Modi's strategic balancing act across Quad and Indo-Pacific security.
- Houthi forces seized a strategic Red Sea island, prompting Saudi Arabia to seek US assistance amid renewed shipping and regional security concerns.
- Russia and Iran called for stronger BRICS financing mechanisms, including greater NDB funding, local-currency trade and investment platforms to counter sanctions and trade disruptions.
- China said India and China should properly manage differences, as President Xi Jinping prepares to attend the BRICS summit and meet PM Modi.
- India-EU FTA moved closer to signing, after the European Commission submitted proposals to the Council; the agreement could eliminate or reduce tariffs on 96% of EU goods exports.
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.