7 IPOs eye Rs 6,400 Cr this week
India’s IPO rush is showing no signs of slowing. Starting today, seven companies are set to raise over Rs 6,400 crore through initial public offerings.
This week, seven Indian companies are poised to raise over ₹6,400 crore through initial public offerings (IPOs) in various sectors including industrial parks, jewellery, entertainment, finance and technology. On an international front, AI firm Anthropic is rumored to be the biggest IPO candidate, valued based on projected 2028 revenue of up to $200 billion. This reflects investors' willingness to back future AI growth.
In the entertainment industry, AI is revolutionizing Hollywood production. Studios are utilizing AI-generated visuals to reduce costs by up to half, producing scenes like underground caverns or swaying meadows without physically constructing them. Notable figures like Ron Howard are embracing this technology, while others worry about losing the human element in creative works.
On the domestic front, India has implemented a new tax amnesty scheme for small taxpayers holding undisclosed foreign assets. Additionally, production targets for cooking gas have been set to address supply disruptions stemming from overseas conflicts. Meanwhile, scientists are conducting deep underground experiments to capture elusive neutrinos, with recent results from China's Jiangmen Underground Neutrino Observatory providing precise measurements of key neutrino properties, furthering our understanding of these mysterious particles.
Tagbin, a startup founded by IIT Roorkee alumni Saurav Bhaik, Ankit Sinha and Abhishek Negi in 2013, has developed an AI platform named Brixx. This platform transforms simple text prompts into 3D building designs, BIM models and cost estimates. By converting construction planning from months to days, Tagbin aims to reshape the architecture and construction industry.
The platform is initially being rolled out to enterprises, with revenue generated through subscriptions and project-based pricing ranging from 0.5% to 3% of the project value.
Meanwhile, Kusho AI, a Bengaluru-based startup founded by Abhishek Saikia and Sourabh Gawande in 2023, is tackling software maintenance challenges with AI agents that automatically generate, run and update tests across APIs, web and mobile apps. Targeting sectors where outages have significant consequences, such as banking, logistics and ride-hailing, Kusho AI utilizes an orchestration layer to direct testing tasks to specialized AI systems trained on proprietary data.
The company has adopted a product-led strategy, attracting over 35,000 developers on its free tier and converting this adoption into relationships with more than 5,200 enterprise customers.
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