Online retailer Flipkart is planning to launch its initial public offering, or IPO, in the next 12-15 months. According to reports, Flipkart, India's largest e-commerce company, is worth around $36 billion i.e. 3.04 lakh crore rupees.
Flipkart's IPO could be the biggest issue of any startup in the country so far. India's startup sector is the third largest in the world and that 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 as the first step towards the company's IPO. The company may launch the IPO by the end of the next calendar year or in the first quarter of 2026.
The company can be listed in 12 to 15 months According to media reports, the company's IPO process has started and the listing of the company may take place in the next 12 to 15 months. After the successful listing of several consumer internet companies such as Zomato, Naika and Swiggy, retail investor interest in startup companies has increased.
Walmart owns around 81% stake in Flipkart. In 2018, Walmart acquired a majority stake in Flipkart.
This year the company has Rs. 8,470 crore was raised Earlier on May 13, it was reported that Flipkart is planning to bring its parent company back to India. This online commerce giant has made nearly 1 billion dollars this year i.e. Rs. 8,470 crore has also been raised. Google's $350 million means Rs. 2,964 crore investment is involved.
Flipkart has been discussing IPO plans since 2021, but the company put these discussions on hold due to unfavorable market conditions between 2022-23. According to reports, several consumer companies have recently listed in India. After which once again the interest in selling shares of Flipkart has increased.
In 2018, Walmart acquired a majority stake in Flipkart In 2018, Walmart acquired a majority stake in Flipkart. This is why Flipkart's listing will be important for Walmart. After its acquisition of Flipkart in 2018, Walmart has invested more than $2 billion (16,942 crore) in the company in several phases. Earlier this year, Walmart invested Rs. 5,082 crore had been invested.
Walmart owns about 81% stake in Flipkart Walmart owns about 81% stake in Flipkart. The names of Softbank and GIC are also included among Flipkart's investors. Analysts estimate that the Indian e-commerce industry will spend Rs. 1 lakh crore has been sold. While Flipkart maintained its top position during the festive season.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
