Vinir Engineering has filed its DRHP with Sebi for an IPO comprising a fresh issue of up to 7.1 crore shares, with proceeds earmarked for plant and machinery, working capital, acquisitions and general corporate purposes.

Mumbai (Maharashtra) [India], The initial public offering (IPO) of Dove Soft Limited, an integrated cloud communications and Communications Platform as a Service (CPaaS) provider, closed today after receiving an encouraging response from investors. The issue was subscribed 1.36 times, receiving bids for 89,62,800 equity shares against 66,00,000 equity shares on offer.

Jio Platforms is preparing to launch what is anticipated to be India's largest initial public offering. Scheduled around Dussehra, the IPO is estimated at $4 billion and will likely occur later this month. The company aims to complete its IPO process, including listing, before October 30. Proceeds from the IPO will primarily be used for prepaying borrowings and general corporate purposes.

In September, Foreign Portfolio Investors actively participated in the Indian primary market by investing $1 billion. Simultaneously, they offloaded $4.8 billion worth of equities from the secondary market. A total of 96 IPOs have launched in 2026, with 34 occurring in September alone. The expected future launch of the Jio Platforms IPO may influence upcoming primary market dynamics.

A group of lenders, spearheaded by the State Bank of India, has revealed that Vijay Mallya still owes an astonishing Rs 8,752 crore. This figure remains despite having recovered over Rs 10,270 crore, including recent payments. Mallya's claims of settling his debts with banks are in question. Court proceedings continue regarding the recovery of dues and criminal charges, with the Enforcement Directorate asserting that even recovered funds don't dismiss ongoing criminal cases.

Sebi has provided observations for the IPOs of Carlsberg India, Matangi Rubber, Ujin Pharma, and TMC Transformer. Carlsberg's filing is under wraps, with specifics to be announced later. Matangi Rubber intends to issue 57.61 lakh new shares, complemented by an offer for sale. Ujin Pharma is looking to offer 1.18 crore shares, and TMC Transformer targets a substantial Rs 550 crore IPO, consisting solely of new issues.

Bajaj Finance's Board of Directors has approved proposals to raise up to Rs 17,500 crore through a combination of Qualified Institutional Placement (QIP) and preferential issue of warrants, the company said in an exchange filing.

The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 550 crore and an Offer For Sale (OFS) of up to Rs 450 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday.

Inox Air Products Ltd has filed draft documents for an initial public offering (IPO) with Sebi, aiming to raise approximately Rs 10,000 to Rs 11,000 crore primarily through an offer-for-sale mechanism. The promoters plan to sell around 7.72 crore equity shares, facilitating an exit for select shareholders and seeking a stock exchange listing. Inox stands out as India’s leading producer of industrial and medical gases.

Wadhwa Group Holdings Ltd has submitted preliminary documents for an Initial Public Offering to Sebi. The company is allowed to keep its draft offer documents confidential until the regulatory review progresses. Wadhwa Group has developed over 250 projects and operates in the Mumbai Metropolitan Region. Its customer base consists of over 35,000 clients, including more than 150 multinational corporations.

September 2025 marked a significant increase in Draft Red Herring Prospectuses submitted to Sebi with 55 submissions. Companies with a March 31 fiscal year end rushed to file before the September 30 deadline. Failing to meet this deadline could complicate their IPO plans, requiring updated audits and due diligence. The IPO market has surged since July, recovering from previous delays in activity.

State Bank of India, the country's largest lender, led the demand for Reliance Industries' 130-billion-rupee ($1.35 billion) 10-year debt sale completed on Wednesday, according to five sources familiar with the transaction.

JSW Cement has decided to merge with its subsidiary Shiva Cement to form a unified cement platform. This merger aims to unlock operational and financial synergies, enhancing backward integration and reducing external procurement. Additionally, it is expected to streamline the corporate structure and improve management efficiency while eliminating inter-company guarantees.

Wadhwa Group Holdings Ltd has submitted preliminary documents for an Initial Public Offering to Sebi. The company is allowed to keep its draft offer documents confidential until the regulatory review progresses. Wadhwa Group has developed over 250 projects and operates in the Mumbai Metropolitan Region. Its customer base consists of over 35,000 clients, including more than 150 multinational corporations.

EverBrands India Ltd, which operates Subway restaurants, has filed draft papers for an initial public offering. The company aims to raise Rs 600 crore to support its expansion plans. Proceeds from the IPO will be used to repay borrowings and fund new Subway store openings. EverBrands currently runs 1,008 Subway stores across India, Sri Lanka, and Bangladesh.

J B Ecotex Ltd filed preliminary IPO papers with Sebi, aiming to raise funds worth Rs 400 crore. The offer includes a fresh issue and an Offer for Sale of over 1.29 crore equity shares by promoters. The proceeds will primarily repay outstanding borrowings, while some funds will go towards corporate purposes. Revenue in FY26 rose significantly from the previous year, indicating business growth.

MetLife International will raise its stake in PNB MetLife by 0.5% to 50.23% through a purchase from Jammu & Kashmir Bank, with CCI clearing it under the green channel. CCI is also examining Bain Capital’s investment in Millennia Realtors and the RMZ group.

The IPO of AceVector, the parent of Indian e-commerce platform Snapdeal, was fully subscribed on the second day of bidding on Monday, according to exchange data.

WOI India has acquired SwiftSeed Ventures, appointing Amar Dixit as its new CEO, effective immediately. SwiftSeed will maintain its operations under the WOI India platform, leveraging a strong network of investors and founders. Amar Dixit aims to enhance Woo India’s engagement with various stakeholders including corporates and universities. The strategic acquisition will contribute to WOI India’s Vision 2030 goals for entrepreneurship and innovation.

Cars24 expects to complete its Singapore-to-India reverse flip in 6–9 months, enabling it to file IPO papers by April, CFO Shivanshu Makkar said.