IPO: From Paytm to Ola, here we are looking at 9 startups that want to raise money through Initial Public Offer (IPO).
IPO: This year has been full of IPOs. There have been a large number of IPOs in the first half of 2021, through which companies have raised capital of more than Rs 38,000 crore. On the other hand, IPOs of many companies have also given strong returns to the investors. Recently Zomato’s IPO has come. After Zoamto, IPOs of many other startups are also in the queue. From Paytm to Ola, here we are looking at 9 startups that want to raise money through Initial Public Offer (IPO).
Paytm
Noida-headquartered digital payments major Paytm finally submitted draft papers to SEBI for its IPO on July 16. The IPO is estimated to be Rs 16,600 crore. 50% fresh issue while the remaining Rs 8,300 crore will be raised through offer for sale (OFS) by the company’s founder Vijay Shekhar Sharma and other stakeholders.
PolicyBazaar
This insurance aggregator company (PolicyBazaar) may file its draft IPO paper with the Securities and Exchange Board of India (SEBI) by the end of July.
Mobikwik
Payments firm One MobiKwik Systems Ltd on July 12 filed a draft share sale letter with SEBI with an aim to raise Rs 1,900 crore. Mobikwik’s IPO will consist of a fresh issue of Rs 1,500 crore and an offer for sale of stock worth Rs 400 crore by its promoters and shareholders.
Nykaa
According to the latest news, online cosmetics retailer Nykaa is expected to file draft papers for its IPO by the end of this month. The public offering by the company is expected to be between $50-700 million.
Ola
India’s transport platform Ola will also soon bring its IPO plan. However, recently the company has secured an investment of $500 million ahead of its planned floatation.
Lenskart
Multichannel eyewear brand Lenskart is soon going to bring its IPO draft. Ten-year-old company Lenskart made profit in FY20. Its operating revenue grew 90% to Rs 900.3 crore in the financial year ended March 2020, with a profit of Rs 6.32 crore.
Oyo
In a recent interview, SoftBank-backed hospitality firm OYO is making necessary preparations to bring its IPO. However, when it will come, it is not clear yet.
Grofers
Online grocery platform Grofers is planning to expand its business by acquiring e-commerce products for its IPO. The company plans to bring an IPO at the end of 2021.
