12 Famous [ Indian Startups ] that are likely to Go Public [ IPO ] in 2024 

57 Companies went Public this year [ IPO ], including Tata Technologies, Mamaearth, and Yatra. But the IPO frenzy is not over yet. There are at least 12 more famous Indian startups that are likely to go public in 2024, and they are:

📍 MobiKwik has filed its IPO papers with SEBI and is expected to raise around Rs 1,500 crore by issuing fresh stock and the remaining Rs 400 crore via an offer-for-sale (OFS) by investors and founders.

📍 Ola Electric has announced plans to raise a staggering Rs 6,620 crore through its IPO, which will be India’s first IPO from an electric vehicle manufacturer. The company has filed its draft prospectus with SEBI and is eyeing a valuation in the range of $7-8 billion.

📍 Swiggy is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation. The company is expected to raise between Rs 900 crore and Rs 1,000 crore through the IPO.

📍 Portea, a home healthcare services provider, has filed its draft papers with SEBI to garner funds through an IPO. The size of the public issue is expected to be around Rs 900-1,000 crore.

📍 Unicommerce, a SaaS platform under the umbrella of Snapdeal, is undergoing a transformative phase with strategic appointments to its board. This company is also preparing for an IPO in 2024.

📍Garuda Aerospace, a drone startup, has announced plans to launch an IPO plans in the year 2024, Garuda was founded in 2015 and is eyeing a revenue of INR 1000 crore in 2024.

📍 Awfis Space Solutions has proposed an IPO comprised of a fresh issue of up to Rs 160 crore and an OFS of 1 crore equity shares.

📍 Firstcry, an online retailer of baby and kids products, is reportedly in talks with bankers to raise up to $1 billion through an IPO in 2024. The company is backed by investors like SoftBank, ChrysCapital, and TPG Growth.

📍 OYO is also gearing up for an IPO in 2024 and has appointed JP Morgan, Citi, and Kotak Mahindra Capital as the lead bankers for the issue. The company is expected to raise around $1.2 billion at a valuation of $12-15 billion.

📍 digit, a general insurance company, plans to launch its IPO in the first half of 2024 and has filed its draft papers with SEBI. The company is looking to raise Rs 8,000-10,000 crore through the public issue.

📍 Paymate, a B2B payments platform, is also eyeing an IPO in 2024 and has hired investment banks Axis Capital and ICICI Securities to manage the issue. The company is expected to raise around $200-250 million at a valuation of over $1 billion.

📍PayU, an online payment service provider, is also preparing for an IPO in 2024 and is expected to raise around $400-500 million at a valuation of over $3 billion.

The coming year seems pretty exciting for the startup community!