INDIA IPO
18 June, 2026
Recent IPO Updates
- The southern retail brand, Lalithaa Jewellery, plans to resume promotional roadshows to revive investor interest and advance its upcoming IPO, after pausing its ₹1,700 crore share sale unofficially.
- SpaceX's $75 billion IPO is more than four times oversubscribed, attracting $150 billion in institutional demand at $135/share, valuing it at $1.8 trillion - the largest IPO ever, surpassing Saudi Aramco's 2019 record, with trading starting June 12.
- Retail investors unable to access SpaceX's heavily oversubscribed $75 billion IPO are buying Inox India as a proxy play, as the Vadodara-based cryogenic equipment maker supplies aerospace components and recently won a ₹200 crore order from a leading US space firm, driving its stock up 67% year-to-date.
P.E. & Funding Updates
- The RIL-backed robotics company, Addverb, is actively seeking $100 million in a fresh funding round to fuel its global expansion and scaling strategies.
- The luxury confectionery brand Manam Chocolate secured $9 million in its latest funding round to expand and scale in India's premium sweets market.
- The financial technology firm, HyperNorm AI, successfully raised $2.2 million in its seed funding round to develop its advanced decision intelligence platform for wealth advisors.
- The automated technology startup, Integra Robotics, secured $1.12 million in a pre-series-A funding round to scale its AI-powered robotics solutions designed specifically for defence sector applications.
- The Jaipur-based AI enterprise, Celebal Technologies, raised ₹50 Cr in debt funding from BlackSoil Capital to expand its specialised operational footprint.
- The precision oncology company, 4baseCare, bagged a fresh ₹38 Cr investment in its top-up round to officially close its Series B funding round at a total of ₹128 Cr ($13.3 million).
- The advanced manufacturing startup, Ethereal Machines, successfully raised $28.5 million during a Series B round led by investor Avataar Ventures, with existing investors Peak XV partners and other backers.
- The fast-charging technology company, Exponent Energy, secured ₹200 Cr in its Series B2 funding round, co-led by 360 ONE Asset and TDK Ventures.
- The enterprise software developer, Rivvun AI, bagged $7.55 million in capital to help massive corporations mitigate and significantly work on their revenue and spending leakages.
- Data security firm Cyera raised $600 million at a $12 billion valuation, quadrupling its worth in 18 months, to build trusted enterprise AI security as cyber threats rise with generative AI adoption.
Business & Economic Updates
- Karnataka shortlisted 256 deeptech startups as finalists in its ELEVATE NxT '26 programme (from 983 national applicants) to develop scientifically advanced solutions with grants up to ₹1 crore each.
- Morgan Stanley forecasts global AI-related debt issuance will more than double to nearly $570 billion in 2026 as hyperscalers (Alphabet, Amazon, Microsoft, Meta) tap bonds and credit markets to fund massive $700 billion AI capex needs.
- Data centre power demand is set to grow 26% in 2026, driven by AI and cloud computing, with global demand expected to nearly double by 2030 as tech hyperscalers expand capacity.
- Meta and Reliance Industries announced a partnership to build Meta's first AI-enabled data centre in Jamnagar, Gujarat, with a 168 MW capacity to be delivered within two years, powered by renewable energy and desalinated seawater, supporting Meta's global AI compute needs.
- Indian microfinance early-stage delinquencies (1–30 days past due) rose slightly to 0.8% in April 2026 from 0.6% in March, while overall delinquency improved to 2.5% and the portfolio remained stable at ₹3.31 lakh crore.
- The RBI will hold a ₹30,000 crore bond switch auction to convert short-term government securities maturing between 2027 and 2030 into longer-tenor bonds maturing from 2035 to 2060, helping the government spread redemption liabilities and reduce rollover risk.
- Corporate India's overseas FDI commitments fell nearly 49% month-on-month to $4.49 billion in May 2026 from $8.84 billion in April, driven by sharp declines in equity investments (down 65%), loans and guarantees, though still 34.6% higher year-on-year.
- RBI allows banks to lend directly to listed REITs and InvITs, capping exposure at 49% of asset value, with risk weights of 100–125%, requiring amortising loans and barring land acquisition financing.
- India's weight-loss market is maturing rapidly, now worth over ₹6.28 billion, driven by rising obesity, GLP-1 drugs like Novo Nordisk's Wegovy and Eli Lilly's Mounjaro entering in 2025 and growing demand for medical and lifestyle solutions.
- Urea import prices for India's kharif season dropped over 50% to around $445–$449 per tonne in NFL's latest tender, down from $935–$959 in April, as China resumed exports and global demand softened, potentially easing ₹15,000 crore subsidy burden.
- The Centre extended the ₹20,000 crore CGSMFI-2.0 microfinance credit guarantee scheme to August 31, 2026 and raised the single MFI loan cap to ₹1,000 crore to boost credit flow to 36 lakh small borrowers.
- India's power finance companies — REC and PFC are tapping global markets for cheaper funding via offshore bonds, saving 50–60 basis points over domestic rates, as the new RBI framework made offshore borrowing attractive for power sector projects.
- India can achieve 60–70 GW annual renewable capacity additions by 2030 with supply chain fixes, 150 GW of new wind tenders, 50 GW/year solar auctions, pumped hydro storage and streamlined transmission and land approvals to support 1,000 GW non-fossil target.
- India's MNRE is launching a new floating solar policy and potential assessment report to unlock 207 GW capacity on water bodies, addressing land constraints, derisking developers with plug-and-pay models and targeting 700 MW commissioned projects to scale up renewable energy.
- Gold and silver prices eased slightly in early June 2026, boosting demand outlook ahead of India's wedding season, with 46 lakh weddings expected to drive ₹6.5 lakh crore spending and 3x higher gold imports despite record-high prices.
- The government approved 22 new textile PLI applicants under Round-3, committing ₹2,339 crore investment, generating ₹15,561 crore turnover and 36,217 jobs in MMF apparel, fabrics and technical textiles, bringing total Round-3 companies to 96 with ₹12,822 crore investment.
- The IT firm, Cognizant, is betting heavily on artificial intelligence technology, aiming to successfully generate a strong sales pipeline worth ₹9,563.00 Cr ($1 billion).
- Indian banks are aggressively raising interest rates to attract non-resident Indian (NRI) deposits amidst tightening liquidity and highly competitive domestic credit markets.
- Equity mutual fund inflows witnessed their steepest monthly drop in 3 years, plunging by 40% as investors turn cautious amid volatile market trends.
- The Prime Minister is scheduled to chair an important governing council meeting today to discuss national development goals and state-level policy alignments.
- The Indian government has formally identified a massive 102 GWp solar energy potential across various regions to accelerate national green energy transition targets.
- India's corporate capital expenditure growth is projected to hit a 3-year low in FY26 due to economic uncertainties and global market deceleration.
- The Ministry clarified there is absolutely no overcapacity in the domestic steel and textile sectors, rejecting global concerns regarding manufacturing oversupply.
- The banking regulator cancelled the registration certificates of 135 non-banking financial companies (NBFCs) for failing to maintain standard-compliant financial operational metrics.
- Domestic institutional investors hit a record peak, pumping a massive ₹4.3 trillion into local equities during the highly active first half of 2026.
- The Prime Minister marked 12 years of NDA rule, affirming that market-friendly economic reforms will continue unceasingly to drive national progress.
- The central government's total food subsidy bill is projected to surge significantly, potentially hitting a high of ₹2.5 trillion by the fiscal year FY27.
- India has significantly boosted its liquefied natural gas (LNG) spot buying to effectively meet surging peak demands from the local fertiliser and power sectors.
- SEBI is actively reviewing proposals to relax mandatory executive remuneration disclosure norms for asset management companies (AMCs), simplifying compliance burdens.
- The Union Minister raised an alarm over high rejection rates regarding domestic industry anti-dumping petitions, calling for a review of investigation processes.
- Global businesses are actively pushing for clearer tax treaty mechanisms to resolve complex, long-pending cross-border fiscal disputes at a faster pace.
- Public sector financial institutions are rushing to utilise the RBI's specialised currency hedging window to mitigate volatility risks in foreign fund borrowings.
- India successfully attracted a massive $843 billion in total inbound investments during the multi-year period between FY15 and FY26.
- The domestic industry remained a net importer of alloy products for the second consecutive month in FY27, signalling strong local structural demand.
- RBI has implemented more stringent lending and credit risk guidelines for commercial banks, exposing capital to REITs and InvITs.
- SEBI is exploring structural reforms, considering an IPO auction mechanism, modifying broker norms and changing research analyst guidelines to protect investor interests.
Geopolitical Updates
- International crude oil prices rose 1.6% following a brief downward slip, driven by volatile geopolitics and evolving production updates from OPEC nations.
- Ongoing geopolitical warfare has effectively erased 1 billion barrels of oil from global supply chains; total economic losses are projected to reach 2 billion barrels by year-end.
- Energetic bilateral energy cooperation ties between India and the United States are projected to drive and support a massive $500 billion shared trade ecosystem.
- India and the UAE agreed to expand strategic crude reserves, with ADNOC storing up to 30 million barrels in India's SPR, boosting the combined partnership capacity to approximately 68 million barrels for enhanced energy security.
- The Indian administration firmly rejected allegations by the United States regarding a structural textile and steel manufacturing surplus capacity build-up.
- India summoned the United States Chargé d'Affaires to lodge a strong protest following a commercial tanker missile attack off the Oman coast.
- Ukraine launched massive drone and missile strikes hitting Russian military factories, energy hubs and oil refineries, causing fires and airport closures as retaliation for Russia's ongoing energy grid attacks.
- Iraq's oil exports are rising as more tankers cross the Strait of Hormuz, with about 7 million barrels shipped this month matching April and May totals, signalling improved Persian Gulf shipping amid regional tensions.
- Brazil is ready to increase crude oil supplies to India as Gulf disruptions from the Iran war halt Hormuz shipments, with exports already doubling to 275,000 bpd; Brazil seeks Indian investment in refining for more oil.
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.