Mega IPOs in 2024: Ola, Oyo, and Swiggy Set to Raise Over ₹1 Lakh Crore
Startups going BIG!
The Indian market anticipates a flurry of Initial Public Offerings (IPOs) from major companies in 2024, gearing up to raise funds surpassing ₹1 lakh crore mark through IPOs.
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IPO Boom in 2024
The ambition is to raise funds exceeding ₹1 lakh crore through these IPOs, doubling the amount raised in 2023, which stood at ₹49,434 crore.
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Larger IPOs on the Horizon
This year is poised to introduce several large-sized IPOs, with approximately 28 companies securing approval from SEBI to raise over ₹30,000 crore each.
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Ola Electric
The electric vehicle startup is set to raise ₹8,300 crore through its IPO.
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Oyo
Oyo, a major player in the hospitality industry, is also eyeing an IPO with a target of ₹8,300 crore.
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Swiggy
The food delivery giant Swiggy is gearing up for an ₹8,300 crore IPO, marking a significant milestone.
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Akash Educational Services
Aiming to raise ₹8,300 crore, the renowned educational services provider is also part of the lineup.
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PayU
The financial technology company plans to raise ₹5,000 crore through its IPO.
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NSDL (National Securities Depository Limited)
The depository service provider is set to raise ₹4,500 crore.
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PharmEasy
PharmEasy is looking forward to a potential IPO after a successful rights issue. The company is owned by Tata.
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PhonePe
Digital payment solutions app company PhonePe is eyeing an IPO in 2024. Recently, Walmart has invested US$200 million in the company.
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Awfis
Awfis Space Solutions Ltd, a provider of flexible workspace solutions, has filed preliminary documents for an IPO.
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FirstCry
Retailing firm FirstCry is aiming to raise US$500-600 million and eyeing a significant market debut.
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