IPOs driving investment for startups in 2024
Greetings from 1stCheque by Favcy,
It’s raining startup IPOs in India!? ????
2022-23 saw a massive decline in IPOs due to geopolitical tensions, a raging funding winter, and macroeconomic pressures, but the startups are lining up to launch their IPOs in 2024.?
Within just seven months into the year, various new-age tech companies have already listed on the exchanges – Go Digit General Insurance, TBO Tek, Awfis, ixigo, and others.?
On the contrary, ONLY five startups listed in 2023 (in total) & just three new-age tech companies made their way to the bourses in 2022.?
Today, let’s see how in a world where Indian startups are making headlines, IPOs are transforming potential into powerful progress!
Although angel investors are still one of the biggest investors for startups, the extra monetary support can be used to multiply the growth. The IPOs not only provide funds to the startups but also enhance their overall evaluation and their risk-taking abilities.
The rapid growth of Indian startups highlights the need for varied investment sources to support their journey. While angel investors are essential, going public through IPOs provides significant funding, boosts company valuations, and encourages bold innovation. This financial boost helps startups thrive, innovate, and compete globally, benefiting everyone involved.
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Top startups listed for IPO in 2024 ??
In 2024, several dynamic startups made significant strides by going public. Awfis, GoDigit Insurance, ixigo, TBO Tek, and Trust Fintech all saw notable increases in their market valuations, demonstrating the robust growth and potential within India's startup ecosystem.
Potential upcoming startup IPOs in 2024
The Ola Electric IPO is set to go live in the first week of August 2024. It's priced between Rs 72 and Rs 76 per share, with a minimum investment of 195 shares. This public offering includes a fresh issue of 808,626,207 shares and an offer for sale where existing promoters and investors will be selling off 84,941,997 shares. Each share has a face value of Rs 10.
The Brainbees Solutions IPO is set to open for subscription in the second week of August 2024. The company aims to raise Rs 4,193.73 crore through this offering. It includes a fresh issue of 35,827,957 shares worth up to Rs 1,666 crore and an offer for sale of 54,359,733 shares, each with a face value of Rs 2. Shares will be priced between Rs 440 and Rs 465 each, and the minimum lot size is 32 shares.
The Unicommerce eSolutions IPO is a book-built issue aiming to raise Rs 276.57 crore. It consists solely of an offer for sale, featuring 25,608,512 shares, each with a face value of Re 1. This IPO will be open for public subscription in the third week of August 2024/ Shares will be priced between Rs 102 and Rs 108 each, with a minimum lot size of 138 shares.
Conclusion
In 2024, Indian startups have been harnessing the power of IPOs to fuel their impressive growth and elevate their market presence. Just as a seed needs sunlight and water to flourish, these companies, including Awfis, GoDigit Insurance, ixigo, TBO Tek, and Trust Fintech, have used public offerings to thrive and expand, with their market valuations blooming significantly after going public.?
Looking ahead, upcoming IPOs from Ola Electric, Brainbees Solutions (Firstcry), and Unicommerce eSolutions signal continued excitement and investment potential. These IPOs not only provide crucial funding but also encourage innovation and competition, playing a key role in nurturing and scaling India’s vibrant startup ecosystem.