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.
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 20,000 crore this year; SEBI extended IPO approval validity by six months.
Why this matters
PhonePe's IPO deferral aligns with a broader retreat by new-age startups including Flipkart, Zepto and Oyo, signaling that geopolitical shocks are reshaping listing timelines despite SEBI's extended approval window.
Retail-company signals steady at 1,051 over 90 days, reflecting consistent activity despite IPO deferrals.