E-commerce retailer Snapdeal will also enter the primary market. According to reports, the company is about to bring an IPO to raise capital of Rs 3000 crore. Now it is also going to be included in the companies raising money through IPO from start-ups. The company is in talks with advisors to prepare for the IPO. The valuation of the company can be put up to $ 2.5 billion.
Snapdeal’s IPO is in the early stages
According to the news of Bloomberg, the preparations for the IPO of the veteran investor SoftBank Corp-backed Snapdeal are still in the early stages. However, Snapdeal and SoftBank have not issued any statement on their behalf yet. This IPO may come early next year.
Started in 2010, Snapdeal has its head office in Gurgaon. At present, about 6 crore products of 800 categories are registered on this platform. The company delivers in more than 6000 cities and towns from India. So far in 2021, around 36 companies have launched IPOs worth Rs 60200 crore. Many startups are preparing for listing. Most are related to Fintech or e-commerce industry. Fintech company Paytm, insurance aggregator PolicyBazaar and fashion and cosmetic e-retailer Nykaa have filed papers for their IPO with SEBI.
ESDS Software will bring 1300 crore IPO, documents filed with SEBI
40 more companies will bring IPO this year
In the first four months of the current financial year, at least 12 companies had raised Rs 27,000 crore through IPOs. However, with the speed with which IPOs are coming, it is being estimated that in the current financial year, companies can raise at least one lakh crore rupees from IPO. There may be 40 more IPOs coming this year. Most of these can be start-ups. At present, the response to the IPO of food delivery company Zomato has made the IPO market more attractive for start-ups.