More than 10 Indian startups are all set to launch IPOs in the next 36 months! News is that more than 10 Indian startups with total valuations of $84 billion will be offering IPOs; some of these are also planning fresh fund raising as well.
Which are these ten Indian start-ups who are willing to launch IPOs? Read on to find out all the details!
10 Indian Startups All Set To Launch IPOs In The Next 36 Months
In the upcoming 36 months, more than 10 Indian start-ups will be launching their IPOs.
The size of their IPOs is still under discussion but it has been estimated that all the start-ups together would raise a minimum of more than USD 8 to 10 billion during the initial listing.
Among the 37 unicorns that are considering an IPO the companies that are included are Byju’s, Paytm, Flipkart, Zomato, InMobi, Nykaa, Delhivery, Grofers, PolicyBazaar, and Udaan. This has been confirmed by merchant bankers and various amounts as well.
Byju Raveendran, the founder of Byju’s, has said that he is looking at a listing in the US or both in India and the US. He said, “The time frame for our IPO would be 24-36 months. Our Indian operations are already profitable and we expect the international business, where we are currently in the investment phase, to also be profitable in two years.”
Total Funding Raised By These 10 Startups Is USD 19.2 Billion
As per merchant bankers who are close to the developments, valuations are expected to go upwards for most of the start-ups; also they have massive growth in market share acquisition plans.
As per reports, the 10 start-ups have together raised a funding of about USD 19.2 billion. This means that their valuations have already increased by four times. There is a possibility that some other start-ups might join in however there is no confirm news about that right now.
IPO rules state that companies who have an assumed market capitalisation of less than Rs.1 600 crores will need to have a public road of 25 per cent. Additionally those above can start with a minimum of 10 percent and go on to 25 percent in three years.
Comments are closed, but trackbacks and pingbacks are open.