New Delhi, Dec 24
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.