The announcement was made at a meeting between Tuhin Kanta Pandey, chairman, Securities and Exchange Board of India (Sebi), and a delegation of 20 startup founders and senior executives in Mumbai.
Among those in the delegation were several leading figures from India’s startup ecosystem, including Ritesh Agarwal, founder undefined Shashank Kumar, founder undefined Rohit Kapoor, CEO, Swiggy Food Marketplace; Ankit Fatehpuria, cofounder undefined Amrish Rau, CEO, Pine Labs; Cred’s Miten Sampat; Practo cofounder Shashank N D; and other executives from Ixigo, BlueStone, and Acko. According to a statement by SPF, around 40 startups, with a combined valuation of over $90 billion, are likely to go public in the near future.
The CNPC will work on engaging with market regulator SEBI along with other regulators, policymakers, and public market investors in ensuring the regulatory framework evolves and addresses the needs of these companies. It will also develop toolkits, policy briefs, and governance guides tailored to the requirements of these firms.
Companies like Lenskart, Wakefit, Shiprocket, Meesho, Pine Labs, Zetwerk, PhysicsWallah, Infra.Market, Boat, and Bluestone are among those preparing to go for initial public offerings (IPOs).
“India’s capital markets are witnessing a structural shift, with new-age and tech-driven companies increasingly dominating IPO pipelines and investor interest,” said Shweta Rajpal Kohli, president and chief executive, Startup Policy Forum.
On July 3, ET reported that a dozen of these new-age companies that have filed their draft IPO papers this year collectively look to raise over Rs 18,000 crore (more than $2 billion) through fresh issuances of shares.
“The emergence of new-age companies in the public markets is a significant evolution. Initiatives like this will promote better governance, transparency, and capital market preparedness while fostering trust among retail and institutional investors,” said Ashish Chauhan, managing director and chief executive of the National Stock Exchange (NSE), in a statement.
