Delhi-NCR has maximum number of IPOs
Delhi-NCR dominates Tech IPOs in India. More than half of the total IPOs are from the businesses of Delhi-NCR.
Published in
1 min readAug 14, 2019
Four out of seven are from the region. Two are from Noida. They are Indiamart and Infoedge. Two are from Gurgaon. They are Makemytrip and Yatra. Mumbai has only two IPOs. They are Justdial and Infibeam. Chennai has one. It is Bharat Matrimony. Silicon Valley of India, Bengaluru has none.
Rajesh Sawhney, an investor and founder of cloud kitchen brands such as Inner Chef and Healthie tweeted, “ Bangalore: 0 so far, sadly none look likely either in 2019–20.”
Chances of more technology based IPOs are small. Most Indian startups are running in huge losses. Paytm’s loss was INR 3393 crores. Flipkart’s loss was INR 3200 crores. Oyo’s loss was INR 511.8 crores. Financial markets do not bet on businesses whose future earnings are uncertain.
