Flipkart is planning to launch its Initial Public Offering (IPO) in the next 12-15 months. According to reports, the value of India’s largest e-commerce company is around $36 billion, or Rs 3.04 lakh crore.
Flipkart’s IPO could be the biggest issue for any startup in the country so far. India’s startup sector is the world’s third largest, which is why this issue is considered important. Flipkart is a subsidiary of the US multinational company Walmart.
Flipkart has obtained internal approval to transfer its domicile from Singapore to India. This is considered to be the first step for the company’s IPO. The company can bring an IPO by the end of the next calendar year or in the first quarter of 2026.
The company may get listed in 12 to 15 months
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.
The company raised funds worth Rs 8,470 crore this year
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 of 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 once again interest in Flipkart’s share sales has increased.
In 2018, Walmart acquired majority stakes in Flipkart
In 2018, Walmart acquired majority stakes in Flipkart. This is why the listing of Flipkart will be important for Walmart. Since the acquisition of Flipkart in 2018, Walmart has invested more than $2 billion (16,942 crores) in this company in several phases. Earlier this year, Walmart invested Rs 5,082 crore in the company.
Walmart holds around 81% stake in Flipkart
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. It maintained its top position during the festive season.
