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Inside India’s New-Age Tech IPO Frenzy Of 2024
Inc42
·
1y ago
Medial
Last month witnessed multiple tech startups in India making their debut in the stock market. Companies like Go Digit, Awfis, and TBO Tek garnered attention for their IPOs, while ixigo received approval for its upcoming IPO. The size of IPOs has decreased despite an increase in the number of public listings. Expert opinions indicate that startups with unique business models or a first-mover advantage tend to attract more investors. However, some startups, like Go Digit, were unable to generate significant interest due to their valuation and lack of differentiation in a competitive market. Nevertheless, the tech startup IPO space in India is expected to gain momentum in the coming months.
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New-age tech firms to lead $13 billion IPO boom: Kotak's Jayasankar
Livemint
·
1y ago
Medial
Indian markets are expected to witness initial public offerings (IPOs) worth $12-13 billion in 2024, driven by new-age tech companies like Ola Electric, FirstCry, and Swiggy, according to V. Jayasankar, managing director at Kotak Investment Banking. The firm expects IPO volumes and average deal sizes to surge in 2024, with a shift towards emerging sectors such as electric vehicles, fintech, and consumer tech. The IPO market is anticipated to accommodate more than half a dozen new-age tech unicorns, driving up volumes and average IPO size.
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8 startup IPO predictions for 2024
Inc42
·
1y ago
Medial
The article discusses the IPO landscape in India, specifically focusing on the new-age tech startups that are expected to go public in 2024. It highlights the factors influencing the IPO market, including the bullish market sentiment, increase in mid-sized IPOs, and the importance of profitability for successful IPOs. The IPOs of Swiggy and Ola Electric are anticipated to be the most awaited ones. Overall, the article predicts a rise in new-age tech IPOs in 2024, driven by reasonable valuations and profitability. Click on "View Source" button below to see the entire list.
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Startup Policy Forum launches CNPC to support IPO-bound startups in India
Entrackr
·
22d ago
Medial
Startup Policy Forum launches CNPC to support IPO-bound startups in India CNPC will facilitate regulatory dialogue, conduct training on compliance and governance, and enable peer learning and policy guidance for founders and CXOs. The Startup Policy Forum (SPF), an alliance of over 50 Indian new-age companies, has launched the Centre for New-Age Public Companies (CNPC) to support startups transitioning from private to public markets. The platform aims to address regulatory, governance, and market-readiness challenges as India sees a growing pipeline of IPO-ready startups. The CNPC was formally launched in the presence of SEBI Chairman Tuhin Kanta Pandey during a high-level meeting with 20 startup founders and leaders in Mumbai. The initiative comes at a time when nearly 40 startups, with a combined valuation exceeding $90 billion, are expected to go public in the coming years. “India’s capital markets are witnessing a structural shift, with new-age and tech-driven companies increasingly dominating IPO pipelines and investor interest. The Centre will enhance readiness and resilience of new-age companies as they enter and thrive in public markets,” said Shweta Rajpal Kohli, President and CEO, Startup Policy Forum. SPF’s membership includes listed startups like Swiggy, ixigo, Ather Energy, and MobiKwik, with others such as Meesho, Groww, Curefoods, Bluestone, and PhysicsWallah also preparing to list. The CNPC aims to build market confidence, improve capital market preparedness, and enable India’s next generation of public tech companies.
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ixigo Sets IPO Price Band At INR 88-93, Aims To Raise INR 740 Cr
Inc42
·
1y ago
Medial
ixigo, a tech start-up, is planning an Initial Public Offering (IPO) that includes a fresh issue of shares worth INR 120 crore and an offer for sale component of 6.67 crore shares worth INR 620 crore. The company aims to become the fourth new-age tech start-up to have a mainboard IPO in 2024, following Awfis, Go Digit, and TBO Tek. ixigo's strengths lie in its focus on railway ticketing and its targeting of Tier II and smaller markets, which bode well for its IPO.
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Spring Time On D-Street: Meet the 12 startups likely to go public in 2024
Inc42
·
1y ago
Medial
Inc42 expects at least 12 new-age tech startups to go public in 2024. Some notable names include Ola Electric, GoDigit, and OYO, which have already filed their DRHPs, while Swiggy, PayU, and Garuda Aerospace are eyeing public listings. The overall IPO landscape in India saw a revival in 2023, with over 100 IPOs, and new-age tech companies are expected to follow suit. Awfis, FirstCry, and Mobikwik are among the startups likely to go public next year. View source links to read about all the 12 startups.
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Reddit might IPO!
Livemint
·
1y ago
Medial
Reddit Inc. is reportedly in talks with potential investors for an IPO, as the market for new listings prepares to reopen. The social media company, known for its role in the meme-stock frenzy, is considering an IPO as early as the first quarter of 2024, with a potential valuation of $15 billion. Other companies, such as Rubrik Inc. and Skims, are also exploring IPO options. However, plans may change, and there is no guarantee that these companies will proceed with their listings.
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BlackBuck DRHP: A Deeper Look Into The Logistics Unicorn’s Cap Table And C-Suite
Inc42
·
1y ago
Medial
BlackBuck, a logistics unicorn, has filed for its initial public offering (IPO) with a fresh issue of shares worth INR 550 Cr and an offer for sale component of up to 2.16 Cr shares, according to its draft red herring prospectus. This comes as part of the ongoing IPO frenzy in the tech startup space.
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Startup IPOs Of 2024: TAC Infosec, Awfis Give Biggest Returns To Investors Among 10 Listings
Inc42
·
11m ago
Medial
India's IPO market has seen a strong revival this year, with new-age tech startups leading the way. However, these startups have opted for modest IPO valuations and smaller sizes, learning from past mistakes. Investors are advised to focus on a company's fundamentals rather than getting caught up in high valuations. India accounted for over 27% of global IPOs in the first half of 2024, with 38 mainboard IPOs compared to 11 in the same period last year.
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Zomato joins Nifty 50 in index reshuffle
Entrackr
·
5m ago
Medial
Zomato joins Nifty 50 in index reshuffle In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to join the Bombay Stock Exchange (BSE) Sensex 30. In a major reshuffle of the Nifty 50 index, Zomato and Jio Financial Services will replace Britannia Industries and Bharat Petroleum Corporation Limited (BPCL). This adjustment is set to take effect on March 31, 2025. The National Stock Exchange (NSE) determines such periodic rebalancing based on the average free-float market capitalization of companies over a six-month period, spanning from August 1 to January 31. This is a major milestone for new-age tech companies in India. As per a report by JM Financial, Zomato’s addition could bring in inflows of around $620 million, impacting nearly 226.6 million shares and influencing trading volumes for approximately 3.8 days. In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in the benchmark index of India’s top 30 companies. The Nifty Next 50 index is also set for a major reshuffle, with the inclusion of seven new stocks: Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels, and Zomato’s rival Swiggy. These companies will replace Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato. The Nifty Next 50 Index serves as a benchmark, representing the top 50 companies ranked between 51 and 100 based on market capitalization on the National Stock Exchange (NSE).
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New-Age Tech Stocks Slump In Line With The Broader Market, CarTrade Biggest Gainer This Week
Inc42
·
1y ago
Medial
Indian new-age tech stocks experienced a downturn this week due to concerns about the outcome of the 2024 general elections. Out of the 20 new-age tech stocks, 17 fell between 0.8% and 9% on the BSE, with MapmyIndia experiencing the largest drop. However, CarTrade saw a surge in shares by 24.5% following strong quarterly results. The broader market also slumped, with benchmark indices Sensex and Nifty50 dropping 1.64% and 1.87%, respectively. The market is expected to continue its volatility in the short term due to election-related uncertainties.
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