Flipkart and Ola may expect to launch IPOs by 2023
IPOs by 2023: In recent days, the IPO Market has sounded by the launch of initial public offerings. This year more than 13 IPOs launched in the Indian markets even in the COVID-19 pandemic restrictions. From Rossari to Likhitha Infrastructure IPO received tremendous response from the investors. Moreover, the maximum of issues listed over the premium to the issue price on NSE and BSE.
According to the source, many Indian tech unicorns plans to go public through the launch of IPOs between 2021 and 2023.
Further, Fintech, Ed-tech, and E-commerce businesses have experienced strong demand in the market by offering online services. Moreover, the firms in these segments earned market share and increased total finance.
Now, a few Indian tech unicorns have the interest to launch IPOs between 2021 and 2023. As of the news, Flipkart, Ola, Paytm, Phonepe, Policybazaar, Byju’s, Big Basket, and OYO companies will list on the India stock exchange in the next 3 years.
Flipkart IPO Plans:
Flipkart, the first e-commerce company in India. It involved in the sales of consumer electronics, lifestyle products, home essentials & groceries, and other products. The company held around 39.50% market share in the Indian e-commerce industry, as of March 2017. It owned Indian fashion and lifestyle e-commerce platforms Myntra and Jabong.com. This e-commerce firm plans to go public through the IPOs by the end of 2021.
The Indian ridesharing company may go public by launching an IPO in 2021. Ola offers vehicles for hire and food delivery services. It was developed by ANI Technologies Pvt. Limited. Initially, it was started to trail base services in Mumbai. Later, the Ola expanded its services in other cities like Delhi, Pune, Chennai, and Hyderabad.
Moreover, it has launched its taxi-hailing services in Feb 2020. In the meantime, it has hired a total of 25,000 drivers. However, this private transportation firm kept 60% of the market share as of 2014.
Policybazaar is an Indian online insurance company. It has 90% of the market share and makes 4 lakh transactions per month along with a health payback rate of 19-20 percent. According to the source, the company has tie-up with insurance corporations to gain information from the insurers. Anyhow, the company may expect to launch the IPO in 2021.