The IPO (initial public offering) market seems to have emerged from its lull as more and morestartups are now going public or filing DRHP. The new-age tech stocks, such as Zomato, Paytm, Policybazaar, Nazara, and Delhivery, have experienced a significant upward movement in their performance. According to experts, while venture capital investments have slowed down, the IPO space is looking good which is encouraging startups to explore further. The current successful listing of ideaforge has further strengthened the scope of other startups going the IPO way. On July 7th, Mumbai-based drone manufacturer ideaForge's shares made a successful debut in the secondary market listing at INR 1,305.1 apiece on BSE. "The secondary markets have shown strong buoyancy, with Indian and global stocks reaching all-time highs, instilling confidence in potential IPO issuers. The primary market tends to follow stock market trends, and the current bullish sentiment is encouraging companies to take advantage of higher valuations," said Ankur Mittal, Partner, Physis Capital.
WHY THE UPTICK
The resurgence is being looked at as a promising trend, offering opportunities for startups seeking funding and early backers looking for high returns. But, what has led to this revival?
This story is from the August 2023 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 2023 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Chords of Success
For Saahil Goel, the deep-rooted passion for playing the guitar dates back to his high school days. Influenced by legends like Pink Floyd, Led Zeppelin, and the Pakistani band Strings, his musical journey mirrors his leadership style-balancing focus, discipline, and a collaborative spirit. Goel feels that playing guitar has enhanced his ability to balance focus and teamwork as a founder of an eCommerce shipping start-up.
IS YOUR RENT TOO DAMN HIGH?
Many small business owners struggle with their rents. Here's what to do.
HOW TO BOUNCE BACK FROM A BAD REVIEW
A one-star review can hurt your ego - and your business. But it's possible to prevent (and remedy!) this scary scenario.
HOW TO HIRE FOR THE FUTURE
Small businesses are struggling to find quality labor. So flip the conversation: Show workers how your business will set them up for opportunity.
You Can Hire Like Netflix
The streaming platform built an incredible team with a strategy called “talent density.” But you don’t need to be a tech giant to do it.
Speedy Growth Killed My Startup
We seemed to be rocking it - lots of press, major partnerships. Then we learned the harsh consequences of overlooking our customers.
Three Pivots to $100 Million
How do you find a working business model? Do it like Rowan-a brand that reinvented itself many times before finally piercing the ear-piercing market.
What Goals Actually Matter?
Some benchmarks are more important than others so what should you really care about? We asked six founders for their hardest-won lessons.
'Only the Strongest Are Going to Survive'
Brian Lee cofounded companies like LegalZoom and ShoeDazzle-and he believes a lot of conventional business wisdom is backward. Sure, it's harder to raise capital. But it's actually cheaper than ever to start a company.
HOW TRUST SAVED KFC
The former CEO of Yum! Brands explains how he turned around a struggling KFC-and the important lesson it offers for anyone in franchising.
