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Several high-profile companies and startups including Tata Capital, Hexaware, Ola Electric, and Swiggy are preparing for their public market debut in 2024-25.Investment bankers expect the IPO lineup in FY25 to be twice as many as in FY24, including some that are expected to exceed $1 billion
If added, Vodafone Idea shares may attract $213 million inflows, followed by Oberoi Realty, Zydus Lifesciences and Prestige Estates, which may see $136-137 million inflows.
E-commerce platforms, along with dating sites, are pushing the trend and engaging in aggressive campaigns to promote romantic products.
Nykaa reported a 106 per cent year-on-year (YoY) surge in net profit at Rs 17.50 crore on 22 per cent YoY rise in sales at Rs 1,788.80 crore for the December quarter.
Nykaa said it rolled out the ESOP grants for critical and top talent across the organisation levels in the December quarter, which is now reflecting in employee expenses.