Indian startups target ₹18,000 crore in D-Street listings
A dozen Indian startups are gearing up to raise more than ₹18,000 crore through IPOs in 2024.
Meesho leads with a ₹4,250 crore target, followed by PhysicsWallah at ₹4,000 crore.
Fintech players Pine Labs and Groww are also in the mix, aiming for ₹2,600 crore and ₹1,735 crore.
Boat, Wakefit, Urban Company also in the mix
It's not just the big names—brands like Boat (electronics), Wakefit (mattresses), Capillary Technologies (customer engagement), and Urban Company (services) are planning smaller IPOs too.
The numbers listed are for new shares only; actual totals could be even higher once offer-for-sale shares are added.
What these companies do
Meesho is all about affordable e-commerce. PhysicsWallah offers budget-friendly online education.
Pine Labs and Groww focus on digital payments and investments—Groww even tripled its profits recently!
The rest cover everything from gadgets to home services.
Half of these startups are using SEBI's confidential filing route
About half of these startups—including Meesho and PhysicsWallah—are using SEBI's confidential filing route for more flexibility on timing and size.
After seeing success stories like Zomato and Paytm go public, there's growing confidence in India's startup scene.
Most plan to use the funds for growth, research, daily operations, or paying down debt.