Internet giants Flipkart, Paytm, Zomato, Big Basket and others could be in for making their stock market debuts in 2021 and beyond that, said a report by global brokerage and research firm Bernstein. These Indian unicorns are now household names in tier-1 and tier-2 cities across India and have a significant stake in their respective industry. Recently, stock markets have witnessed a rush of initial public offerings, and retail investors have been at the forefront when it comes to subscribing to these issues. Individual investors have oversubscribed all the IPOs in recent months.
With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors. Serving the e-commerce, fin tech, ed tech, and food delivery industry these companies are expected to see their business flourish with the augmentation and acceptance of the internet ecosystem in India. However, so far none of these companies have initiated any proceedings with the market regulator that could hint that they are seeking to be listed on bourses.
The leading e-commerce website in India is valued at $25 billion, according to the last round of funding which was in July this year. Backed by US-Retail giant Walmart, Flipkart is battling it out in the e-commerce space with Amazon and now Reliance Jio Mart. “E-Commerce in India has low penetration, but the market is growing rapidly. E-Commerce is expected to grow more than five-fold to US$133 Bn by 2025,” the report noted. Currently e-commerce has a low penetration in India with less than 5% of the market share but the same is pegged to cross 10% by