Mobikwik, Oyo Rooms and Delhivery to soon join the IPO startup party
The local primary market is gear- STARTUP IPOs ing up for a slew of Indian startups looking to raise money through initial public offerings. Following the success of Zomato NSE 0.84 %’s listings, many of these new-age businesses are readying IPO plans. While three large startups — Nykaa, PolicyBazaar and Paytm — will wrap up their share sales in November, there are a few awaiting approval from the Securities and Exchange Board of India to launch their IPOs. Some of the popular ones include Mobikwik, Oyo Rooms and Delhivery. It has been a smooth sailing for startup IPOs so far. The Easy Trip Planners issue was subscribed 159 times in March, while Zomato’s `9,375-crore issue was subscribed 38 times. The Nykaa issue was fully subscribed on the first day.