IPO News

Start-up IPOs changing the face of Indian Internet

In 2020, the Indian e-commerce industry reached $34 billion, with 200 million individuals transacting online.

It accounts for more than a quarter of the 730 million Indians having access to the Internet.

Currently, at least half a dozen companies are in talks to go public via an Initial Public Offering (IPO) for building a robust start-up ecosystem.

However, this includes food-delivery firm Zomato, cosmetics brand and retailer Nykaa, ecommerce logistics firm Delhivery, and insurance marketplace Policybazaar.

Besides these, some other names making it big in the e-commerce sector includes software firm Freshworks and online retailer Flipkart.

One of the major steps in the investor community is their aim to list in India i.e. on the Bombay Stock Exchange or National Stock Exchange respectively.

Companies like PepperFry, Mobikwik, Oyo, Paytm and Byju’s have indicated similar interests and are likely to follow their footsteps in the near future.

So far, among the companies who have confirmed going public in India are Zomato, Nykaa, Delhivery and Policybazaar.

Moreover, these four companies are projected to have a combined valuation of $18.5 billion (Rs 1,34,000 crore).

Further, their valuation upper bands are reportedly estimated at (Zomato: $8 billion; Nykaa: $3 billion; Delhivery: $4 billion; Policybazaar: $3.5 billion).

Also, their combined valuation of Rs 134000 crore represents 67 percent more than the top five IPOs of the last two calendar years combined as per data.

Technology has an upper hand in terms of the richest valuations and produces massive profits in the US and Chinese stock markets.

This comprises of decades old profitable companies like Amazon, Facebook, Alibaba, Tencent etc.

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