Initial Public Offerings (IPOs) of new age businesses
Material type:
- SP2023/3708 SP003708
Item type | Current library | Collection | Shelving location | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|
Student Project | Vikram Sarabhai Library | Reference | Students Project | SP2023/3708 (Browse shelf(Opens below)) | e-Book - Digital Access | SP003708 |
Submitted to Prof. Sundaravalli Narayanaswami
Submitted by: Sumedha Srinivasan, Nandamuri Madhurima Satyanarayan
In today’s dynamic business world, new-age businesses and startups which typically raise capital through private funding from VCs, PEs and angel investors, are turning ripe for IPOs, giving these early investors an investment exit opportunity. These new age businesses have become the bed of novel ideas and disruptive technologies, challenging the way traditional industries work, and thus bringing in transformative changes in the global business landscape. With the next generation of institutional as well as retail investors looking for investment avenues in innovation-driven sectors that have high growth potential, an IPO thus becomes a pivotal milestone since it redefines financial markets and gives new investment opportunities for the public investor. The year 2021 in India can be dubbed as the year of startups. Startup ecosystem funding surpassed $100bn with many startups are rapidly reaching unicorn stage. The market witnessed a major surge in listings of new-age companies, which were gaining more traction in the post-pandemic world. The year saw a mammoth total of 65 IPOs with issue size crossing INR 1,300bn. Among the largest IPOs that year were the listings of 4 tech-driven new-age businesses, viz., Zomato, Nykaa, Paytm and PolicyBazaar having a cumulative issue size of ~INR 390bn.
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