BILKUL BAZAAR— The Daily News Wrap
- Bilkul Bazaar |
- 9:00 PM | 13 July – 14 July 2026
National Business News Highlights
1. SBI Funds Management IPO Opens
India’s largest asset manager, SBI Funds Management, opened its ₹11,600+ crore IPO for public subscription after attracting strong interest from marquee anchor investors, including sovereign wealth funds and global institutional investors.
2. Anchor Investors Pump ₹2,663 Crore into SBI Funds IPO
The IPO’s anchor book witnessed participation from investors including Singapore’s sovereign wealth fund, ADIA, Norway’s wealth fund, BlackRock and leading domestic mutual funds, reflecting strong confidence in India’s capital markets.
3. Millworks Technologies SME IPO Opens
The ₹160-crore SME IPO of Millworks Technologies opened for subscription with a grey market premium of nearly 120%, indicating robust investor demand ahead of listing.
4. IPO Market Remains Highly Active
Alongside SBI Funds Management, Alpine Texworld and Millworks Technologies began accepting bids, making this one of the busiest weeks for India’s primary market.
5. InsuranceDekho Prepares for Stock Market Debut
InsuranceDekho is reportedly preparing a ₹2,500–3,000 crore IPO, targeting a filing later this year as India’s insurtech sector continues to attract investor interest.
6. Marri Retail Receives SEBI Approval
Retail chain Marri Retail has received SEBI’s approval for its proposed IPO, with proceeds planned for store expansion and debt reduction.
7. Sensex and Nifty End with Modest Gains
Indian equity markets remained resilient despite global geopolitical concerns. IT stocks supported benchmark indices, while investors closely tracked earnings and IPO activity.
8. Defence Sector Continues Growth Momentum
Analysts remain optimistic on India’s defence manufacturing sector, citing increased government orders, indigenisation initiatives and export opportunities as long-term growth drivers.
9. Retail Participation in IPOs Remains Strong
Market experts noted sustained enthusiasm among retail investors, with several public issues witnessing healthy demand and strong grey market premiums.
10. India’s Capital Markets Continue to Attract Global Investors
Robust participation by international institutional investors in recent IPOs highlights continued confidence in India’s long-term economic and market growth story.
Top 5 International Business Updates
1. Global Investors Back India’s Biggest IPO
International funds from Singapore, Abu Dhabi, Norway and BlackRock invested heavily in the SBI Funds Management IPO, underscoring strong foreign confidence in Indian financial markets.
2. Middle East Tensions Keep Oil Markets on Edge
Geopolitical tensions in the Middle East continued to influence crude oil prices, with global investors closely monitoring developments affecting energy supplies.
3. Asian IPO Market Remains Active
Asian primary markets continued to witness strong fundraising activity, with investors showing sustained interest in quality public offerings across the region.
4. Global Asset Managers Increase India Exposure
Leading international asset managers expanded their investments in Indian equities through recent IPOs, reinforcing India’s position as a preferred emerging market destination.
5. Investor Focus Shifts to Earnings and Central Bank Signals
Global markets remained cautious as investors awaited corporate earnings and policy signals from major central banks amid ongoing geopolitical uncertainty.
Business Quote of the Day
“Opportunities don’t happen. You create them.”
— Chris Grosser
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