DBT Bureau
Bengaluru, 1 January 2025
2025 is again likely to be one of the good years for new age companies in terms of public listing. Indian public market has seen many successful listing of new age companies in 2024, making it one of the best years for startups.
2024 saw listing of around 15 startups with successful debut of their shares on the first day.
Startups’ IPOs in 2024:
- Awfis: This provider of coworking space space has raised ₹598.9 crore and went on the bourses at 12.8 per cent premium over its issue price.
- BlackBuck: Logistics company BlackBuck has raised ₹1,114 crore and gone public with a modest listing premium of 2.2%.
- FirstCry: An online marketplace for kids’ products, FirstCry has raised ₹4,194 crore and entered at a 34.4% premium.
- Go Digit General Insurance: An insurtech company Go Digit General Insurance has raised ₹2,614 crore and listed at 5.1% premium.
- ixigo: This travel app, ixigo raised ₹740 crore and listed with a 48.5% premium.
- Ola Electric: Famous for its electric vehicles, Ola Electric raised ₹6,145 crore and made its debut with a stable listing price.
- Swiggy: The well-known food delivery company, Swiggy, raised ₹11,324 crore and had a strong debut, listing at a 5.6% premium.
Upcoming IPOs in 2025:
- Ather Energy: The electric two-wheeler marker is planning to raise Rs 3,100 crore through IPO in January 2025. The startup has already filed the DRHP (draft red-herring prospectus) with the market regulator, Sebi. Hero MotoCorp with 37.2% stake is the biggest stakeholder in Ather Energy.
- Aye Finance: Non-banking Financial Company, Aye Finance eyes debut on bourses this year after filing DRHP (draft red herring prospectus) in December, 2024. As per filing, the company is looking to raise Rs 1,450 crore through its IPO.
- Avanse Financial Services: Leading NBFC Avanse Financial Services is eyeing IPO this year as the company has filed prospectus with the market regulator, Sebi for raising Rs 3,500 crore from the public market.
- Bluestone: Omnichannel jewellery startup Bluestone is planning to raise around Rs 2,100 crore through listing. The IPO is likely to hit the market during the second quarter of 2025.
- Ecom Express: The B2C e-commerce logistics solutions provider is planning to raise up to Rs 2,600 crore through its IPO, which is likely to hit the market in 2025.
