Archive · 16 Sep 2026
Stocks in News: IPO Debuts, Deals and Corporate Updates
Several Indian companies have important stock-market news.
Three companies are preparing to list their shares after raising money through initial public offerings.
Investors are also watching a possible large share sale involving Groww’s parent company.
BHEL plans to work with Titagarh Rail Systems to maintain Vande Bharat sleeper trains for 35 years.
GMR Airports handled 94.35 lakh passengers in August 2026.
Aurobindo Pharma said a United States inspection ended with one procedural observation.
NBCC and Saatvik Green Energy received large project orders.
Other companies announced business partnerships, legal developments, quarterly results or possible fundraising plans.
Kanohar Electricals, Glass Wall Systems (India) and Prasol Chemicals are scheduled to debut on September 16 after raising Rs 1,056 crore, Rs 428 crore and Rs 500 crore, respectively, through IPOs.
Peak XV Partners Investments and Sequoia Capital are reportedly planning to sell up to 10.02 crore shares, or 1.6% of Billionbrains Garage Ventures, the parent of Groww, in a Rs 1,918.3 crore block deal.
Bharat Heavy Electricals will form a 50:50 joint venture with Titagarh Rail Systems to maintain supplied Vande Bharat Sleeper Trainsets for 35 years.
GMR Airports reported 94.35 lakh passengers in August 2026, while Aurobindo Pharma’s facility inspection ended with one procedural observation and NBCC received work orders worth Rs 144.98 crore.
Saatvik Green Energy won a Rs 1,041.63 crore solar-module order, Sonata Software signed a five-year AWS collaboration, and several other companies reported financial, legal, regulatory or fundraising updates.
- Who
- Kanohar Electricals, Glass Wall Systems (India), Prasol Chemicals, Billionbrains Garage Ventures, Bharat Heavy Electricals, GMR Airports, Aurobindo Pharma, NBCC and other listed companies.
- What
- The companies announced IPO listings, a possible Groww-parent block deal, a railway-maintenance joint venture, operating data, project orders, regulatory updates, financial results and corporate actions.
- When
- The IPO debuts are scheduled for Wednesday, September 16, while Tempsens Instruments is due to announce its June 2026-quarter results later today; other updates relate mainly to August and September 2026.
- Where
- The developments concern Indian companies and operations in India, with additional legal or regulatory matters involving the United Kingdom, Argentina, Canada and Dubai.
- Why
- The announcements provide updates on fundraising, stock-market listings, business expansion, contracts, passenger traffic, regulatory inspections, legal proceedings and quarterly performance.
Company Positions
Counterparty Positions
Blue Star arbitration dispute
Company Positions
Blue Star said WJ Towell Co LLC’s grounds for seeking annulment of the arbitration award are baseless and that it will make appropriate submissions to the Dubai Court of Appeal.
Counterparty Positions
WJ Towell Co LLC has approached the Dubai Court of Appeal seeking annulment of the arbitration award issued in favour of Blue Star.
- IPO debuts
- Kanohar Electricals, Glass Wall Systems (India) and Prasol Chemicals are scheduled to begin trading on September 16.
- IPO proceeds
- The three companies raised Rs 1,056 crore, Rs 428 crore and Rs 500 crore, respectively.
- Groww-parent block deal
- Peak XV Partners Investments and Sequoia Capital are reportedly seeking to sell up to 10.02 crore shares, or 1.6% of Billionbrains Garage Ventures, at a reported floor price of Rs 191.45 per share.
- BHEL-Titagarh venture
- Bharat Heavy Electricals and Titagarh Rail Systems will establish a 50:50 joint venture for 35 years of Vande Bharat Sleeper Trainset maintenance.
- GMR Airports traffic
- August 2026 passenger traffic rose 0.9% year over year to 94.35 lakh; domestic traffic fell 1.1% and international traffic rose 0.5%.
- Large orders
- Saatvik Green Energy received a Rs 1,041.63 crore order from Solar Energy Corporation of India, while NBCC received work orders worth Rs 144.98 crore.
- Upcoming results
- Tempsens Instruments (India) is scheduled to announce results for the June 2026 quarter later today.