India’s startup IPO surge has delivered mixed results, with many listings struggling post-debut, while traditional companies quietly generate steadier investor returns.
Shloss Bangalore IPO ended 7.15 per cent higher on the BSE at INR 435.55 against the initial listing price of INR 506.50, a discount of 6 per cent on the issue price of INR 435.
India has seen a tremendous rise in terms of the number of companies going public in 2024, with new listings through initial public offerings (IPOs) contributing as much as INR 14 trillion or 3 per cent to the country's market capitalization, surpassing last year's contribution of 1.4 per cent at INR 5 trillion.
Unicommerce, the Indian e-commerce enablement SaaS platform has announced its Initial Public Offering (IPO), which will be open for bids on August 6, 2024