Though markets have corrected a substantial bit since the marvellous listing gains of Zomato, there are a host of startups bound for an IPO and to make their mark in the Indian capitals market. So, here are all the possible details around these start up companies' foraying for an IPO:
Interestingly, experts from the IPO domain say never before so many IPOs have lined up and at such a decent pricing.
The online fashion space is one of the profitable companies' and before its IPO the company has converted itself to a public company. The company through the issue may aim to mobilise $0.5 billion and the issue shall largely be an OFS as part of which the various stakeholders including the likes of TPG Growth, Steadview Capital, Fidelity, Hero Group's Sunil Kant Munjal will pare their stake.
The company shall be a promoter led entity post listing as Falguni Nayar plans to hold 51% stake.
The company is in existence since 2012, i.e. 9 years old and offers a complete wellness, beauty product line up. Nykaa - the company's name is derived from the Sanskrit word 'Nayaka' that means actress or one in the spotlight. As per the company's site, Nykaa is all about celebrating the star in each woman, and being her confidante and companion as she embarks on her own journey to discover her unique identity and personal style.
Note the company is still to file its DRHP with the markets regulator for an IPO.
2. Car Trade Tech:
The company will launch a Rs. 2000 crore IPO and for the same SEBI has given its go ahead on July 26, 2021.
The company through its various brands including CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and Auto Biz caters automobile customers both new and existing, dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient way.
The issue shall be a complete OFS of 12,354,811 equity shares. Between Fy18-FY20, the company's income increased at a CAGR of 45.94%.
The company is present across vehicle types and offers a range of value added services around the entire auto landscape. The company's vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
The logistics major is eyeing an IPO by March 2022 i.e. in the current fiscal year itself. As per news reports the company eyed controlling stake in Spoton Logistics. Post its recent fund raise of $275 million, the delivery platform with a backing of Softbank and Tiger Global Management was valued at around $3 billion.
The company came into existence in 2011 as a food delivery unit and later divesified into all the verticals of delivery and the company now is employing the frieght exchange platform for digitising the market forces in the supply chain ecosystem.
Delhivery began its life as a food delivery firm, but has since shifted to a full suite of logistics services in over 2,300 Indian cities and more than 17,500 zip codes.
The payments company IPO is already being look upon for. The mega IPO by Paytm shall be to mobilise Rs. 16,600 crore. The payments and shopping platform has already received SEBI's approval for its $3 billion IPO. In addition,the company will mop up Rs 4,600 crore from the sale of shares from the existing shareholders.
As per the reports the paytm IPO may hit as early as October. The company has already filed its paper with SEBI for the IPO and expect its respone by mid-September. The Ipo issue of Paytm shall be a mix of fresh equity issuance and OFS. As part of the OFS, Vijay Shekhar as well as Alibaba will divest their stake to comply with the regulatory requirements.
The proceeds of the issue amounting to as much as Rs. 4300 crore shall be deployed in strengthening the company's business by way of acquring customers, merchants etc. and providing them with higher level of financial services as well as technology.Further Rs. 2000 crore shall be earmarked for business initiatives and other will be used for corporate purposes.
The online furniture market place with as many as 17 fulfillment centres take pride in selling its product in 15 seconds. The company aims to be a unicorn commanding a valuation of $1 billion by the time it launches its IPO.
The investor into the start up firm include Norwest Venture Partners, Goldman Sachs, Bertelsmann Investments India. The company also is gearing up to expands its offline presence through the FOFO (franchise-owned, franchise-operated) model across Tier II-III cities in India.
While the stock of the first start up company Zomato has been correcting since its listing with overwhelming gains owing to profit booking. The success of the yet to be listed or start ups foraying into IPOs will depend on their business verticals, fundamentals, market momentum at the listing time. Nonetheless, the success of start ups like Zomato has taken the start up segment of India to the next level and it is expected that now many of the concerns being still confronted by the segment shall be addressed sooner for more vibrancy.