Flipkart could launch IPO in 12 to 15 months (#1684730)

E-commerce giant Flipkart plans to launch its initial public offering in the coming year with a more specific timeline of between 12 to 15 months. The US-owned business has already secured the necessary internal approvals to shift its domicile to India from Singapore which is necessary for its IPO. 

“The process has begun and there is clear understanding that in this timeline the company should be public,” an anonymous source close to the matter told the Economic Times. The IPO could be India’s largest share issue by a new-economy business. The IPO could happen within the 2025 calendar year or during the first quarter of the 2026 calendar year.
 
Indian startups are increasingly launching IPOs and recent large scale listings include Nykaa and Zomato. Numerous new-age businesses are expected to go public next year and India’s startup sector is now the third largest in the world.
 
Flipkart had begun discussions concerning an IPO in late 2021 but put the plan on hold during the challenging economic conditions of 2022 and 2023. Launching an IPO at some point was also part of the agreement when US-based business Walmart acquired Flipkart back in 2018.
 
“Global peers like South Korea’s Coupang have made strong recovery in public markets in the last year or so, setting the stage for e-commerce valuation multiples,” said one of the Economic Times’ sources. Flipkart has also focused on fundraising this year to bolster its IPO standing.