INDIA IPO
28 September, 2026
Recent IPO Updates
- Anjali Labtech Ltd, formerly known as Anjali Diamonds Pvt Ltd, has filed its DRHP with SEBI for an IPO of ₹1,225 crore comprising a fresh issue of equity shares aggregating up to ₹925 crore and an OFS of up to ₹300 crore by existing shareholders.
- Nine more companies filed preliminary IPO papers with SEBI between September 21 and 26, adding to an already expanding IPO pipeline.
- Arete 22 Ltd has filed its DRHP with SEBI for an IPO comprising a fresh issue of equity shares aggregating up to ₹440 crore. The company may also undertake a pre-IPO placement of up to ₹50 crore.
- Ultravibrant Integrated Energy Ltd has filed its DRHP with SEBI for an IPO comprising a fresh issue of up to 1.20 crore equity shares and an OFS of up to 25 lakh equity shares. The company may also undertake a pre-IPO placement of up to 20% of the fresh issue size.
- Smart Roof Solar Solutions Ltd has filed its DRHP with SEBI for an SME IPO of up to 75 lakh equity shares.
- JSW One Platforms Ltd has filed its DRHP with SEBI for an IPO comprising a fresh issue of equity shares aggregating up to ₹1,300 crore and an OFS of up to ₹1,754.01 crore by existing shareholders. The company may also undertake a pre-IPO placement of up to ₹260 crore, which would reduce the fresh issue size.
- J Infratech Ltd has filed its DRHP with SEBI for an IPO comprising a fresh issue of equity shares aggregating up to ₹600 crore and an OFS of up to 1 crore equity shares. The company may also undertake a pre-IPO placement of up to ₹120 crore.
- Anmol Industries Ltd has filed its DRHP with SEBI for an IPO comprising an OFS of up to ₹180 crore. There is no fresh issue mentioned in the announcement, so the issue is entirely an offer for sale.
- Baanganga Gold & Diamond (I) Ltd has filed its DRHP with SEBI for an IPO comprising a fresh issue of up to ₹540 crore and an OFS of up to ₹180 crore. The company may also undertake a pre-IPO placement of up to ₹108 crore.
- Sai Infinium Ltd, formerly known as Sai Bandhan Infinium Ltd, has filed its DRHP with SEBI for an IPO comprising a fresh issue of up to ₹280 crore and an OFS of up to 1.20 crore equity shares by the promoter selling shareholder.
- Jagatjit Agri Engineering Ltd has filed its DRHP with SEBI for an IPO comprising a fresh issue of equity shares aggregating up to ₹300 crore and an OFS of up to 31 lakh equity shares. The company may also undertake a pre-IPO placement of up to ₹60 crore, which would reduce the fresh issue size.
- National Stock Exchange (NSE) shares trade at 43 times fiscal 2026 earnings, commanding a steep valuation premium over major global stock exchanges due to market dominance and 66% EBITDA margins.
P.E. & Funding Updates
- Between September 21 and 26, 2026, 19 Indian startups across sectors such as EV, foodtech, cleantech, healthtech, defence-tech, fintech, AI and DevOps raised over $397 million. In the previous week, Indian startups raised more than $412 million, including a $100 million funding round by space tech startup Pixxel.
- Edtech startup Arivihan is reportedly raising ₹96 crore at a valuation of ₹570 crore, with the funding aimed at supporting the company’s expansion and growth.
Business & Economic Updates
- The Sensex remains about 14% below its September 2024 record high, marking the longest wait for a fresh peak in a decade. Foreign portfolio selling, muted corporate earnings and global uncertainty have contributed to the prolonged correction, while metals, PSU banks, pharma and healthcare have shown relative gains.
- The GST Council is expected to discuss comprehensive process reforms on October 7, including lower penalties, easier registration and refunds, simpler compliance, reduced show-cause notices and measures to address input-tax-credit issues.
- Smartphone manufacturing under the PLI scheme has generated ₹11.62 lakh crore in production and sales and created around 1.67 lakh direct and indirect jobs. Electronics has emerged as the largest contributor among the 14 PLI schemes, accounting for 51% of ₹36,754 crore in incentives disbursed so far.
- UPI’s merchant discount rate issue is putting large-ticket retail payments under the spotlight. Electronics, jewellery and apparel retailers could face higher payment costs, potentially encouraging greater use of cards, discounts, cashback and EMI-based financing for high-value purchases.
- RBI has written to Tata Sons twice since September 11 seeking an update on its listing plans. The Tata Sons board decided on September 17 to initiate the listing process, while chairman Noel Tata reiterated that Tata Trusts want the holding company to remain private.
- Rising AI and compute-intensive workloads are pushing startup cloud bills sharply higher. Growth-stage companies are increasingly exploring specialised providers, self-hosted GPUs and hybrid infrastructure to control costs.
- India’s 377 million Gen Z consumers already account for around 43% of consumption spending. Advertisers are shifting towards digital, creator-led, participatory and platform-specific strategies to engage this generation.
- SEBI’s new PRIM framework could widen access to professionally managed portfolios by allowing customised portfolios with a minimum ticket size of ₹25 lakh, compared with higher thresholds under conventional PMS structures.
- Proposed IRDAI reforms could reduce distribution costs and potentially allow insurers to offer lower premiums. The regulator is also considering changes to commissions, clawbacks and practices linked to mis-selling.
- India added 40.9 GW of solar module manufacturing capacity in H1 2026, compared with only 9.7 GW of cell capacity. Total module manufacturing capacity reached 261.7 GW by June, highlighting the widening gap between module and cell production.
- India added 2 silver and 3 bronze medals in athletics, taking its total medal tally to 37. The country continued to await its first athletics gold at the Games.
- Fast-moving consumer goods and restaurant chains are aggressively hiring specialized compliance, quality assurance, and auditing professionals to strengthen supply chain protocols and prevent regulatory breaches across stores.
- The International Finance Corporation is lending $70 million to Jawaharlal Nehru Port to finance sustainable infrastructure, marking the maritime sector's first major blue financing initiative.
- The Textiles Ministry plans to identify and onboard 5,000 to 10,000 new exporters across Indian districts over two to three years to expand global footprint.
- A FICCI-Nangia report states achieving India's 500 GW non-fossil capacity target by 2030 requires definitive grid stability milestones, including battery storage norms for setups over 50 MW.
- Nifty faces technical testing as it approaches the critical support zone of 23,000 following seven consecutive weekly declines, with analysts watching potential downside risks toward 22,600.
- Investor wealth plummeted by ₹31.35 trillion as 18 of 50 Nifty stocks fell over 20% from 52-week highs during recent market declines, significantly impacting total benchmark market capitalization.
- The Tourism Ministry partnered with ONDC to launch the National Digital Tourism Stack, aiming to onboard 23,000 experiences and homestays by 2028 onto a shared digital public infrastructure.
- Coal stocks at 74 Indian thermal power plants dropped to critical levels with just 7 days of fuel cover remaining, driven by a 13% spike in coal-fired electricity generation.
- Despite rising registrations, India's semiconductor ambitions face a critical $12 billion ecosystem funding gap, along with weak private sector R&D investments and widening electronic trade deficits.
- India's space sector transitioned from slow, hard-won early milestones into high-growth commercial liftoff, driven by private startups, expanding satellite launch infrastructure, and favorable space policy reforms.
- Global oil prices jumped over 1%, with Brent crude reaching $106.14 per barrel, after $ President Donald Trump rejected an Iranian peace deal aimed at reopening the Strait of Hormuz.
- RBI data shows total NRI deposit inflows jumped nearly sevenfold to $36.2 billion during April–July FY27, largely propelled by strong $34.5 billion inflows into foreign currency FCNR(B) bank accounts.
- An RBI bulletin projected private sector capital expenditure to surge by 21.5% to reach ₹2.67 trillion in FY26, signaling a strong revival in corporate investment initiatives.
- The RBI made record net dollar purchases of $18.65 billion in July 2026, driven by massive foreign currency inflows through special bank swap windows, according to its monthly bulletin.
- Piyush Goyal noted that Uttar Pradesh has emerged as an attractive investment destination, leveraging pro-industry policies to target expanding annual state exports to ₹5 trillion by 2030.
- Adani Ports transitioned its Dhamra Port in Odisha completely to renewable electricity, making it India’s first large-scale private multi-cargo port to operate entirely on green energy.
- SBI Chairman C S Setty highlighted "digital first, customer first, nation always" as the guiding growth philosophy, forecasting total bank business could reach ₹200 trillion by 2030.
Geopolitical Updates
- Iran continued pushing for diplomacy and reopening the Strait of Hormuz, while the US rejected an Iranian proposal. Iran’s military also signalled preparedness for a potential renewed US attack, keeping risks around the strategically important waterway elevated.
- India and Canada signalled efforts to move bilateral relations towards a higher level, with discussions focused on trade, people-to-people ties and broader economic engagement.
- Finance Minister Nirmala Sitharaman is scheduled to visit Qatar from September 27–29 to attend the Asian Infrastructure Investment Bank’s annual meeting and hold bilateral discussions with Qatari officials, business leaders and investors.
- Union Commerce Minister Piyush Goyal will meet USTR Jamieson Greer at the G20 ministerial meeting in Wisconsin to address $100% potential tariffs on Indian Russian-oil buyers.
- India faces a delicate geopolitical balancing act as Prime Minister Narendra Modi plans key diplomatic visits to Western European nations and Russia scheduled for December 2026.
- External Affairs Minister S Jaishankar met Canadian, Mexican, and Venezuelan foreign ministers on the sidelines of the 81st UNGA session to expand bilateral diplomatic and energy engagement.
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.