IPO Rush: Why are so many startups going public in 2021?

This IPO bug has made almost everyone crazy. Picture this, around 20 companies have filed their prospectus between April and May in 2021. These companies are from diverse backgrounds which include airline companies, quick service restaurants, life science companies, small finance banks, asset management companies, and so on.

So far 2021 has been an unprecedented year for the startup ecosystem as most of them are looking to get listed. Food delivery platform Zomato is one of the major startups that has been listed. Despite the dangerous second wave of the COVID-19 pandemic, this year has been remarkably good for startups.  Besides Zomato, other startups that are waiting in line to be listed this year are Delhivery, Paytm and Nykaa. In a tweet on July 8, the CEO of Niti Aayog, Amitabh Kant, CEO of Niti Aayog had tweeted, “ Delighted that Indian Startups- Paytm, Zomato, Nykaa and Delhivery will be listing in the Indian stock markets & raising growth capital through IPOs. This demonstrates the vibrancy & dynamism of our Startup movement & the maturity of our capital markets.”