Startup Ipo News Today

The Securities Exchange Board of India (SEBI) on April 23 gave its nod to the IPOs of Awfis Space Solutions Ltd and TBO Tek Ltd. Awfis aims to raise ₹160 crore, and TBO Tek mulls a ₹400 crore fresh issue.

Bikhchandani said shortage of capital is good for discipline among startups as they become frugal and conscious of unit economics

For every Rs 1 spent on marketing, MobiKwik realised a revenue of Rs 6.64 as of FY23. Other players like Fino payments bank, Groww, Phonepe and Paytm are ahead in this metric.

Those skeptical argue that more than the business outlook, it’s the current market momentum the company is trying to tap. The 14-year-old digital payments and financial solutions firm claims to have reported profit after tax in the first two quarters of FY24.

While FirstCry is likely to list only after the general election in 2024, Ola Electrics management has already begun roadshows with domestic and international investors

Mamaearth’s current valuation of Rs 10,423 crore (around $1.25 billion) is unchanged from what it commanded during its fundraise in January 2022.

POKKT said, India is a very important market for us, and we are committed to exploring both organic and inorganic growth opportunities in the region.

India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge told Reuters.

Paytm has received market regulator Sebi's approval for its Rs 16,600 crore initial public offer.