Startups: IPOs are delayed & may-not hit public markets in 2022
02 May 2022, Mumbai:
IPOs on hold as startups look to wait out the storm.
Wary SEBI starts asking questions on IPO proceeds pricing other aspects.
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Multiple startup IPOs including that boat a direct-to-consumer brand, Oyo hotels and homes, Snapdeal,Pharm Easy are delayed and may not hit the public markets this calendar year, amid uncertain economic conditions triggered by Geopolitical development and rising interest rates in the US.
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What is significant is that country's marketing regulator SEBI has not given a nod to most of these companies despite them having filed their IPO documents more than 4-5 months ago.
It typically takes 2 to 3 months for final clearance from SEBI after filing the DRHP.
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CREDITS: ET Dt 02-05-2022 (The news article has not been edited by DFU Publications staff).
