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- Flipkart IPO Likely In 12 15 Months, Plans To Shift Domicile To India Ahead Of Listing
New Delhi8 hours ago
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Online retailer Flipkart is planning to launch its initial public offering i.e. IPO in the next 12-15 months. According to reports, the value of India’s largest e-commerce company Flipkart is around $36 billion i.e. Rs 3.04 lakh crore.
Flipkart IPO likely in 12-15 months, plans to shift domicile to India ahead of listing. Flipkart will launch IPO in the next 12-15 months: Will shift domicile to India before listing, for this the company got internal approval
Flipkart’s IPO could be the biggest issue of any startup in the country so far. India’s startup sector is the third largest in the world and that is why this issue is being considered important. Flipkart is a subsidiary of American multinational company Walmart.
Flipkart has received internal approval to transfer its domicile from Singapore to India. This is being considered as the first step for the IPO of the company. The company may launch an IPO by the end of the next calendar year or in the first quarter of 2026.
Company may be listed in 12 to 15 months
According to media reports, the process of IPO of the company has started and listing of the company can happen in the next 12 to 15 months. After the successful listing of many consumer internet companies like Zomato, Nykaa and Swiggy, interest of retail investors in startup companies has increased.
Walmart holds about 81% stake in Flipkart. In 2018, Walmart had acquired majority stakes in Flipkart.
The company raised funds of Rs 8,470 crore this year
Earlier on May 13, news had come that Flipkart is planning to bring its parent company back to India. This online commerce giant has also raised funds of about 1 billion dollars i.e. Rs 8,470 crore this year. This includes Google’s investment of $350 million i.e. Rs 2,964 crore.
Flipkart has been discussing IPO plans since 2021, but due to adverse market conditions between 2022-23, the company had stopped these discussions. According to reports, many consumer companies have been listed in India recently. After which once again the interest in Flipkart’s share sales has increased.
In 2018, Walmart acquired majority stakes in Flipkart.
In 2018, Walmart had acquired majority stakes in Flipkart. This is why Flipkart’s listing will be important for Walmart. Since the acquisition of Flipkart in 2018, Walmart has invested more than $ 2 billion (16,942 crores) in several phases in this company. Earlier this year, Walmart invested Rs 5,082 crore in the company.
Walmart holds about 81% stake in Flipkart
Walmart holds about 81% stake in Flipkart. Flipkart’s investors also include the names of SoftBank and GIC. Analysts estimate that the Indian e-commerce industry has made sales worth Rs 1 lakh crore in the festive season this year. Whereas Flipkart maintained its top position in the festive season.
