PhonePe, Flipkart, Zepto, Oyo Defer Dalal Street Debut as Conflict Chills Appetite
New-age startups are stalling IPO plans amid the US-Iran flare-up and tepid markets. Just 20 mainboard IPOs raised under Rs 20,000 crore YTD versus Rs 27,000 crore from six new-age listings prior. SEBI has extended IPO approval validity by six months, giving issuers room to wait out volatility.
What happened
Indian startups including PhonePe, Flipkart, Zepto and Oyo are delaying IPO plans amid US-Iran conflict and weak markets. Only 20 mainboard IPOs raised under Rs
Key facts
- $1.3 billion
- Rs 20,000 crore
- Rs 27,000 crore
- 20 mainboard IPOs
- 6 new age listings
Why this matters
SEBI's six-month approval extension creates a strategic window to revisit M&A as an alternative path for IPO-ready targets like PhonePe, Flipkart, Zepto, and Oyo whose listings are now deferred.