A barrage of shares is heading toward investors in India, signaling a pickup in dealmaking at the end of a subdued first half of 2026. About a dozen companies are expected to collectively raise more than 600 billion rupees ($6.3 billion) across initial public offerings, institutional placements and government stake sales in two months, creating one of the busiest periods for equity offerings this ...
A barrage of shares is heading toward investors in India, signaling a pickup in dealmaking at the end of a subdued first half of 2026. About a dozen companies are expected to collectively raise more than 600 billion rupees ($6.3 billion) across initial public offerings, institutional placements and government stake sales in two months, creating one of the busiest periods for equity offerings this year. In another sign of the increase in activity, rapid-commerce company Zepto Ltd. has filed updated paperwork for an IPO that could raise $1 billion . National Stock Exchange of India Ltd. may be close behind with a $2.5 billion filing. Read more: Fast Retail Firm Zepto Files for Biggest India IPO This Year The sudden spike in deals is bringing a sense of optimism to a market that’s been comparatively sleepy since the start of 2026 as the underperformance of Indian stocks has made prospective issuers more tentative. IPOs have raised about $3.5 billion this year, well behind the pace of the previous two record-setting years, when proceeds topped $20 billion each. “This sustained pace of issuance indicates healthy underlying liquidity and participation across domestic institutions, foreign investors and retail segments,” said Samarth Jagnani , head of global capital markets for India and Southeast Asia at Morgan Stanley. The supply of shares could increase further as lock-up periods expire for more than 50 listed companies over the next two months, potentially freeing up shares worth more than 800 billion rupees ($8.4 billion) for sale by founders and early investors, according to data compiled by Nuvama Wealth Management Ltd. Not all of those shares are expected to come to market, but the expiries add to concerns about a growing supply overhang. Despite the crowded issuance, bankers remain confident that demand will hold up, supported by strong participation from domestic institutions and retail investors. “We do not see the current pipeline materially stretching liquidit...
Motorists drive past an ADNOC Gas a subsidiary of the Abu Dhabi National Oil Company facility in Abu Dhabi on March 3, 2026. Ryan Lim | AFP | Getty Images Oil prices rose on Wednesday after the U.S. launched military strikes against Iran, raising concerns that renewed hostilities could threaten shipping through the Strait of Hormuz. U.S. crude oil futures for July delivery added 0.74% to $88.89 pe...
Motorists drive past an ADNOC Gas a subsidiary of the Abu Dhabi National Oil Company facility in Abu Dhabi on March 3, 2026. Ryan Lim | AFP | Getty Images Oil prices rose on Wednesday after the U.S. launched military strikes against Iran, raising concerns that renewed hostilities could threaten shipping through the Strait of Hormuz. U.S. crude oil futures for July delivery added 0.74% to $88.89 per barrel, paring gains after jumping over 1%. Brent futures, the international benchmark, for August delivery, rose 0.82% to $92.20 per barrel. The U.S. military said it had completed strikes against Iranian military targets near the Strait of Hormuz. U.S. forces carried out strikes on Iran on Tuesday night after an American Army Apache helicopter was shot down a day earlier, according to U.S. Central Command. Centcom described the operation as a defensive and measured response to what it called Iranian aggression. President Donald Trump said earlier Tuesday that Iran had brought down a U.S. helicopter conducting patrols near the Strait of Hormuz and indicated that the U.S. would retaliate. "The two pilots involved in the attack are safe and uninjured," Trump wrote on Truth Social. "Nevertheless, the United States must, of necessity, respond to this attack." Rystad Energy said the shutdown of 11.8 million barrels a day of production across six Gulf producers has created the most severe oil supply disruption in modern history. The consultancy estimates cumulative production losses have reached 1 billion barrels and warned that each additional month of conflict could erase another 350 million barrels of output. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
(RTTNews) - The Japanese stock market is trading notably lower on Wednesday, reversing some of the sharp gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 65,000 mark, with weakness in index heavyweights, autom
(RTTNews) - The Japanese stock market is trading notably lower on Wednesday, reversing some of the sharp gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 65,000 mark, with weakness in index heavyweights, autom
ERock Inc. raised $600 million in a US initial public offering, pricing its shares at the midpoint of its marketed range. The Houston-based modular power systems maker, which serves data centers and other sectors, sold 27.9 million shares for $21.50 each, according to a statement Tuesday. The company marketed its shares for $20 to $23 each. The price gives ERock a market value of about $4.7 billio...
ERock Inc. raised $600 million in a US initial public offering, pricing its shares at the midpoint of its marketed range. The Houston-based modular power systems maker, which serves data centers and other sectors, sold 27.9 million shares for $21.50 each, according to a statement Tuesday. The company marketed its shares for $20 to $23 each. The price gives ERock a market value of about $4.7 billion, based on the outstanding shares listed in its filings. ERock is the latest power-equipment maker to ride the artificial-intelligence boom into public markets. The largest shareholders in gas engine maker Innio Holding GmbH raised $2.79 billion in an IPO last week. Shares of Forgent Power Solutions Inc. have more than doubled since its $1.74 billion offering in February. ERock makes distributed power systems for data centers, utilities and large commercial and industrial businesses in nine US states, offering customers bridge, backup and flexible power. RockBlock, its modular, distributed generator system, converts natural gas from local underground pipelines into power. The company serves about 400 sites, with its largest footprints in California and Texas, according to its filings. ERock’s predecessor company, Enchanted Rock, had a net loss of $18 million on revenue of $31.7 million for the three months ended March 31, 2026, compared with a net loss of $16.7 million on revenue of $24.1 million in the same period a year earlier. The company changed its name in March. Investment firm Energy Impact Partners was set to hold 45.3% voting power following the IPO through its holdings of Class A and B shares, while former chief executive officer Thomas McAndrew is the company’s second biggest shareholder and would have 10.2% voting power after the offering, according to a filing. The offering was led by Morgan Stanley , JPMorgan Chase & Co. , Barclays Plc and Bank of America Corp. The company expects its shares to trade on the New York Stock Exchange Wednesday under the symbol ...