New Delhi, Dec 24 (IANS) In a significant year for the Indian startup ecosystem, 13 new-age companies launched their initial public offerings (IPOs), as startups cumulatively raised more than Rs 29,200 crore from the stock market.
When it comes to IPOs, the figure stood at 10 in 2021, six in 2022 and six in 2023.
This year, 13 startups cumulatively raised Rs 29,247 crore from the cash market. Out of this, the fresh issue was nearly Rs 14,672 crore and Rs 14,574 crore Offer for Sale (OFS).
In an IPO, the money raised under the fresh issue goes directly to the company. At the same time, the money raised under OFS goes directly to the investors and promoters of the company.
Among 13 startup IPOs, 10 were mainboard and 3 were SME IPOs.
The startup IPOs include TAC Security, Unicommerce, MobiKwik, TBO Tek, Ixigo, Trust Fintech, FirstCry, Menhood, Awfis, Swiggy, Digit Insurance, Blackbuck and Ola Electric.
The largest IPO among startup companies was offered by online food delivery platform Swiggy at Rs 11,327.43 crore. Swiggy’s shares were listed in the stock market at a price of Rs 420 with a premium of 7.69 per cent.
Following, EV company Ola Electric was in second place with an IPO of Rs 6,145.56 crore, FirstCry at third place with an IPO of Rs 4,193.73 crore, Digit Insurance at fourth place with an IPO of Rs 2,614.65 crore and TBO Tech at fifth place with an IPO of Rs 1,550.81 crore.
Among all the mainboard startup IPOs, Unicommerce got the highest subscription of 168.39 times, MobiKwik 119.38 times, Awfis 108.56 times, Ixigo 98.34 times and TBO Tek, 86.7 times.
Among all the IPOs, TAC Security recorded the highest listing gain of 173.58 per cent, followed by Unicommerce and Mobikwik with a listing gains of 117 per cent and 57.71 per cent, respectively.
Apart from this, Ixigo, Trust Fintech and FirstCry surged 30-50 per cent on the listing.
–IANS
avs/na
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
