From Swiggy to Flipkart: List of Big IPOs Coming in 2022-23
18 August 2022.
The word “IPO” is currently in discussion in the investment sector in India. So far, LIC, Delhivari, and Adani Wilmar have had IPOs in 2022. Some of these companies performed well, while others performed poorly. The LIC IPO has disappointed everyone, and recently its value has fallen to the lowest level. Companies like Zomato and Paytm have also performed disappointingly.
Although the last few IPOs have performed disappointingly, 2022 and 2023 will see many good IPOs. Below is a list of some companies. They will be listed in the public sector in the next year.
1. mama earth
MamaArtha Company has announced that it will IPO soon. Reuters reported: Indian skincare startup and unicorn company MamaEarth is planning a $3 billion IPO in 2023.
In the month of January this year, the final value of the company was 1.2 billion dollars. The company has raised funding from investors including Secua Capital and Belgium’s Sofina. MamaEarth was founded in 2016 by former Hindustan Unilever executive Warun Alagh and his wife Ghazal.
Flipkart, a competitor to Amazon, will launch its IPO in the US in 2023. In April 2022, the company’s IPO of Flipkart reached the target of 60-70 billion dollars, according to Reuters.
In 2021, Flipkart acquired the travel booking website, Cleartrip. The same company has launched HealthAmp to deliver medicine and other healthcare products and services.
Flipkart’s rationale behind launching the IPO in 2023 is that its focus on online healthcare and travel bookings is likely to boost valuations.
The head office of the Flipkart company is not in India but in Singapore.
In January 2022, Swiggy Company crossed the $10 billion valuation. Indian food delivery company Swiggy is set to raise $800 million next year.
Swiggy plans to operate as a logistics company rather than a food delivery company. The company has started to add independent directors to its board. In January 2022, Swiggy Company became Decacorn. SoftBank Group-backed Swiggy raised $700 million in a funding round, doubling its valuation to $10.7 billion.
The IPO of OYO Company, which started in 2013, will come in 2023. Oyo is a leading rental company for cottages.
The OYO company is expected to have an IPO of around Rs.8000 crore. The board of Oyo is primarily known as Orwell Stays Limited. After talking to bankers and investors in May 2022, the company will restart the process by the end of the year.
5. Ola Cab.
Ola Cab plans to launch its IPO in the first half of 2022. Ola cabs are used for travel. Ola Cab Company was founded by Bhavish Agarwal.
Ola has made a profit of Rs 89.92 crore till the end of the financial year 2022. Ola’s main competitor is Uber Cab Company. In the future, the company will venture into the business of electric vehicles.
Byjus, a company working in the education sector, has raised $800 million in a pre-IPO in 2022. The round ahead of the company’s planned initial public offering has taken place.
The company is currently valued at $22 billion. Founder and CEO Baiju Ravindran has invested $400 million in his personal capacity.
Byju will file documents for the IPO in the next nine to twelve months. The company is expected to be valued at approximately $40 billion upon listing.