“First of all, the initial public offering [IPO] market is driven by many factors, including macro-economic trends, investor sentiment and business outlook,” explains Raja Lahiri, partner, Grant Thornton Bharat. Typically, companies opt to raise funds in stock markets through IPO listings when the overall secondary market is rising, and investor confidence is exuberant. However, overall stock markets were on a decline in that period, with the Sensex falling nearly 9 percent in January-to-June 2022.“I don't think the IPO market has dried up at all. In FY2023, only Delhivery and Tracxn Technologies belonged to new-age, technology companies, indicating a slowdown in IPOs from this sector. In my view, it’s a matter of timing, but I believe that quality new-age companies would come to the IPO market this year,” he adds.

Source: Forbes June 27, 2023 23:41 UTC