Online retailer Flipkart is planning to launch its Initial Public Offer 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 dollars i.e. 3.04 lakh crore rupees. Flipkart’s IPO can be the biggest issue of any startup in the country till date.
India’s startup sector is the third largest in the world and this 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 the first step towards the company’s IPO.
IPO will be listed
According to media reports, the process of the company’s IPO has started and the company may be listed in the next 12 to 15 months. After the successful listing of many consumer internet companies like Zomato, Nykaa and Swiggy, retail investors’ interest in startup companies has increased.
Earlier on May 13, news came that Flipkart is planning to bring its parent company back to India. This giant company of online commerce has also raised funds worth about $1 billion 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 stopped these discussions. According to reports, many consumer companies have recently been listed in India. After which interest in Flipkart’s share sales has increased once again.
Head office being shifted from Singapore to India
The Walmart-owned firm has received internal approval to shift its residence from Singapore to India, which is considered the first step towards an IPO and is aiming for a public sale of shares by the end of the next calendar year or within the first quarter of 2026, People associated with the matter said that the process of bringing IPO has started and it is clearly understood that the company should go public within this time period.
Walmart holds an 81% stake
Walmart has a stake of about 81% in Flipkart. Flipkart’s investors also include Softbank and GIC. Analysts estimate that the Indian e-commerce industry has made sales of Rs 1 lakh crore during the festive season this year. Flipkart maintained its top position during the festive season.
