Over 10 Indian start-ups may mop up at least $10 billion in IPO rush

Market boom, success of global start-ups key drivers

Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. 

While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing. It could be higher, as valuations are expected to go northwards for most of these start-ups, which all have massive growth and market-share acquisition plans, say merchant bankers keeping close tabs on the developments.  

The companies — among the 37 unicorns considering an IPO — include