Every Indian entrepreneur asking this one question most when they met with their fellow entrepreneurs and Investors in events. When Flipkart and other companies will go for an IPO? Are they go to list their companies in India?
The answer was partially disclosed yesterday, in the last session of Startup India “Show Me The Money: How do we capitalize Entrepreneurship rolls”. Where Mr. Jayant Sinha, MOS Finance, asked the same and very important question to all the panelist which includes Radhika Agarwal (Shop Clues), Ritesh Agarwal (OYO Rooms), Sachin Bansal (Flipkart), Naveen Tiwari (Inmobi), that “Will you place your company’s IPO in India?”
The founders had given mixed reply but said if Indian Government and regulators are ready to support us then we can also look into it.
The co-founder of Inmobi (World number 3 advertising platform), Naveen Tiwari has said – I would love to list my company in India. We are the only company who made by, run by and innovate by the Indians. So why not? Waiting for the better Policy and Startup friendly share market.
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The most interesting one reply came from Ritesh Agarwal, which could be Oyorooms future strategy,
Ritesh said – I would love to see Oyorooms in the Indian share market. I born here and I established my company here. So there is no doubt about it. Even I will list my company and request to all the Hotel owners to purchase Oyorooms share and gain more wealth.
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However, Sachin Bansal had doubts over Indian share market to hold $25billion dollar listing,
Sachin, co-founder of Flipkart has said “In next 5 to 10 years India will become a trillion dollar economy but Indian markets are not yet ready for a $25 billion dollar listing but we would absolutely love to list here when the time comes,” he said.
Flipkart has already incorporated in Singapore and as per the report company paying full attention on to go into the IPO listing.
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After hearing the views from all the panelist, Jayant Sinha also told that in India the only online company with $2billion IPO listed is Info edge Pvt. Ltd (known as naukri.com) and I think there are the chances for companies having $25billion valuation. Listing of Internet stocks on Indian markets would be a big boost for the economy. India’s market regulator has eased some rules to make it easier for homegrown startups to list their shares on local bourses.