INDIA IPO
05 October, 2026
Recent IPO Updates
- Nearly 70%, or 48 of 70 IPOs listed in H1 FY27, delivered an average return of 54.5% to investors, while 22 IPOs traded below issue prices with an average decline of 19.1%. ESDS Software Solutions led gains at 233.7%.
- B2B commerce platform OfBusiness plans to launch its IPO next year, targeting a DRHP filing in November to raise roughly $1 billion.
- Digital giant Jio Platforms is preparing for its public listing by late October, eyeing a record-breaking $3.8 billion IPO size at an enterprise valuation exceeding ₹12 trillion.
P.E. & Funding Updates
- Indian tech companies raised $503.2 million across 31 funding rounds during September 16-30, 2026, down 74% from the previous fortnight and 72.41% from the same period last year.
Business & Economic Updates
- Mid-tier IT firms are expected to outperform larger peers in Q2 FY27, with Persistent Systems forecast to grow 7% sequentially, Coforge 4.5% and Mphasis 3.5%, supported by large deal wins and acquisitions.
- Indian firms are increasing spending on AI infrastructure as adoption accelerates, with IBM India highlighting rising demand for secure, governed AI systems and infrastructure spanning processors, storage, cloud and AI technologies.
- Indian equities could see a stronger H2 FY27 if West Asia tensions ease and crude prices retreat. Sensex gained 0.74% and Nifty 50 rose 1.29% in H1 FY27, while FPIs sold ₹1.30 lakh crore.
- India’s LPG imports from West Asia fell 71% year-on-year to 2.93 million tonnes in H1 FY27, reducing the region’s share to 39.6%. US shipments more than tripled to 3.76 million tonnes, raising its share to 50.7%.
- The GST Council may consider a uniform 5% GST rate for all 146 FCO-registered bio-stimulants, along with GST waivers for seed storage and warehousing. GST on retreaded tractor tyres may also be reduced from 18% to 5%.
- An IBBI study has proposed appointing IBBI-certified insolvency professionals to manage the remaining assets of failed banks, under RBI and DICGC oversight, to improve recoveries and strengthen the bank liquidation framework.
- The Insurance Brokers Association of India has warned that proposed IRDAI distribution reforms could put at least one million livelihoods at risk, potentially affecting sales, servicing and claims staff across insurers.
- Cement prices rose ₹6-7 per bag in September to around ₹359, after declining 1-1.5% sequentially in Q2 FY27. Analysts expect further ₹5-15 increases, citing elevated fuel and other input costs.
- OPEC+ is set to keep oil production targets unchanged in November, following a decision by seven member countries led by Saudi Arabia and Russia to maintain output in line with their existing roadmap.
- The GST Council, at its October 7 meeting, is expected to consider second-generation GST reforms focused on faster tax refunds, wider input tax credit, reduced litigation, export incentives and easier compliance for small businesses.
- A Financial Express poll showed 80% of economists expect the RBI’s MPC to raise the repo rate by 25 basis points to 5.50% this week, amid elevated crude oil and food prices. Around 60% expect a neutral stance.
- Domestic investors have stepped up commercial real estate activity, acquiring more than ₹15,000 crore of assets over the past 18–24 months. Major buyers include 360 ONE Asset, Nuvama, ICICI Prudential Asset Management and Edelweiss Alternatives.
- Premium grocery brands are finding it difficult to scale beyond ₹100 crore as expansion requires distribution beyond digital channels. Quick commerce accounts for 76% of Gulab Group’s revenue and 61% of Patanjali’s.
- India’s FMCG value growth rose to a six-quarter high of 8.6% in Q2 FY27, up from 6.8% in the previous quarter, according to Bizom data. Rural markets grew 10.6%, nearly double the 5.8% urban growth.
- The government may allow input tax credit on GST paid on employer-provided group health and life insurance policies. The proposal could unlock more than ₹5,000 crore for corporates on group health insurance alone.
- The GST Council may allow small online sellers to use e-commerce warehouses as registered business places, enabling nationwide sales through a single verified address. Platforms may also assume greater compliance responsibilities.
- The GST Council may allow telecom operators to claim input tax credit on telecom towers by treating them as equipment rather than immovable property. Tower sites may also be exempted from separate registration requirements.
- The GST Council may consider extending the existing 5% GST rate with restricted input tax credit, or 18% with full ITC, to electric vehicle-based passenger transport and vehicle rental services, bringing EVs closer to the treatment of ICE vehicles.
- The GST Council may consider allowing input tax credit on hotel rooms priced below ₹7,500 a night, potentially extending the benefit to related hotel services such as restaurants, spas, fitness centres and salons.
- Foreign portfolio investors (FPIs) placed strong trust in the primary market, pouring $1 billion into Indian IPO bets to capture strong growth prospects and high-return offerings amidst broader equity market recalibrations.
- SME listings face intense pressure, with 70 of 151 recent offers trading below issue price, while the mainboard IPO index delivered over 10% annual returns driven by top holdings.
- GST 2.0 is set to ease compliance, eliminate tax cascades, and unlock seamless input tax credits to boost corporate cash flows.
- India jumped nine spots to rank 31st on the WEF Travel and Tourism Development Index, driven by improved infrastructure, competitive pricing, and rich heritage.
- Uttar Pradesh opened its economy to global markets, attracting international investments across key manufacturing, infrastructure, and technology sectors to accelerate state economic expansion.
- Indian equities are expected to see a sharp rebound in investor interest as global capital shifts back to emerging markets when the global AI-led market rally slows.
- Indian IT companies are increasingly acquiring Global Capability Centres to offset slowing organic growth, securing long-term revenue visibility and expanded enterprise domain capabilities amid macro headwinds.
- India's small businesses are gaining momentum through structural economic reforms and expanded institutional financing options, driving new operational capacity and sustainable long-term enterprise growth across domestic industrial corridors.
- RBI Governor Shaktikanta Das emphasized that structural economic reforms and strategic self-reliance are pivotal pillars for accelerating sustainable growth and propelling India toward its Viksit Bharat vision.
- FM Nirmala Sitharaman stated that private sector investment and enhanced R&D spending must lead India's next growth cycle to boost national productivity, employment, and innovation towards 2047.
- FPI sentiment turned heavily bearish, reaching a two-month low as analysts warn a rapid reversal is unlikely given persistent foreign capital outflows and high global market volatility.
- SEBI received over 20,000 public responses on its Closing Auction Session review as active traders strongly resist proposed shifts toward volume-weighted average price calculation frameworks.
- Japanese tech leader Canon is holding key discussions with players involved in major Indian semiconductor projects while establishing dedicated local service centres to support specialised chipmaking machinery across manufacturing hubs.
- The Heavy Industries Ministry sanctioned 382 sites across Delhi for establishing specialised EV charging infrastructure to accelerate electric vehicle adoption and support regional transport decarbonization targets.
- India's industrial output data highlights a widening performance gap between textile production and downstream apparel manufacturing, pointing to divergent growth tracks and raw material pricing pressures across sectors.
- Data storage firm NetApp named India its fastest-growing Asian market, propelled by accelerating enterprise cloud adoption and robust digital infrastructure demand from BFSI and IT services sectors.
- The government raised the deepwater natural gas price ceiling to $9.89 per MMBtu while maintaining the APM gas cap at $7 per MMBtu for domestic producers.
- Trade Minister Piyush Goyal's dynamic commercial outreach with high-level US business delegations underscores deepening bilateral trade strategies, supply chain resilience initiatives, and cross-border investment frameworks between both nations.
Geopolitical Updates
- Yemen’s Saudi-backed government launched major military operations against Iran-backed Houthis, seeking to retake territory, while Houthis responded with missile and drone attacks.
- Russia intensified attacks on Ukraine, targeting transport infrastructure and military supplies, while warning of stronger strikes following Ukrainian attacks on Russian oil facilities.
- India has moved beyond advocacy by engaging both Russia and Ukraine, seeking dialogue, safer Black Sea shipping, grain exports and broader possibilities for peace.
- External Affairs Minister S. Jaishankar stated the US has deliberately chosen to become a lonelier power, shifting global dynamics toward strategic self-reliance and multi-aligned international diplomacy.
- India and Canada commenced their fifth round of CEPA talks to lower trade barriers, enhance bilateral economic ties, and resume formal partnership negotiations.
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.