Flipkart IPO Incoming: The country’s popular e-commerce website 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 Flipkart is around $36 billion, or Rs 3.04 lakh crore.
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, which is why this issue is considered important. Flipkart is a subsidiary of American multinational company Walmart.
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Walmart Said About this Flipkart IPO Incoming
The proposed IPO would be the biggest among India’s new-economy companies. Sources told the paper that the company has secured internal approvals to shift its domicile from Singapore to India ahead of the listing, which is targeted for Q1FY26.
Walmart Executive Said on Flipkart IPO Incoming
Walmart executive told analysts that Flipkart and its payment platform Phonepe had shown strong growth.
We are looking and exploring when would be the right time to IPO that Flipkart business. There’s strong growth in Flipkart and Phonepe, and we are excited about the Indian market.
Flipkart has Received Internal Approval to Transfer its Domicile
Flipkart has received internal approval to transfer its domicile from Singapore to India. This is being considered as the first step for the Flipkart IPO Incoming of the company. The company may launch an IPO by the end of the next calendar year or in the first quarter of 2026.
Flipkart IPO Incoming Next Year
According to media reports, the process of IPO of the company has started and the listing of the company can happen in the next 12 to 15 months. After the successful listing of many consumer internet companies like Zomato, Nykaa, and Swiggy, the interest of retail investors in startup companies has increased.
This year Company raised Rs. 8,470 crore.
Earlier on May 13, news had come that Flipkart is planning to bring its parent company back to India. This online commerce giant has also raised funds of about 1 billion dollars 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 been listed in India recently. After which once again the interest in Flipkart’s share sales has increased.
In 2018, Walmart Acquired a majority stake in Flipkart.
In 2018, Walmart acquired majority stakes in Flipkart. This is why Flipkart’s listing will be important for Walmart. Since the acquisition of Flipkart in 2018, Walmart has invested more than $ 2 billion (16,942 crores) in several phases in this company. Earlier this year, Walmart invested Rs 5,082 crore in the company.
Walmart holds 81 % share in Flipkart
Walmart holds an 81% stake in Flipkart. Flipkart’s investors also include the names of SoftBank and GIC. Analysts estimate that the Indian e-commerce industry has made sales worth Rs 1 lakh crore in the festive season this year. Whereas Flipkart maintained its top position in the festive season.
Flipkart eyes IPO in 12-15 months, prepares to move base to India. pic.twitter.com/K5KVjuQwvR
— IPO Wala ✨All About IPOs ✨ (@ipo_wala) December 9, 2024
About Flipkart
Flipkart was Established in 2007 as an online bookstore.
Flipkart’s parent company is based in Singapore.
This was a common practice among prominent startups of that era, who established holding companies overseas due to favorable funding conditions and regulatory frameworks
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗