Story perspectives

India's IPO Boom: 43 Startups Go Public in 2023

11/12/2025

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Summary

Story summary

India's tech startup IPO market is surging, with 43 startups going public this year, five times 2020.
Lenskart, an eyewear company, raised $821 million in its initial public offering and sold out quickly despite high valuations.
Experts attribute the demand to greater participation by small investors and stronger regulations.
Some IPOs have yielded returns while others underperformed.
The divergence has prompted calls for sensible pricing to protect small investors.

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Story summary

India's tech startup IPO market is surging, with 43 startups going public this year, five times 2020.
Lenskart, an eyewear company, raised $821 million in its initial public offering and sold out quickly despite high valuations.
Experts attribute the demand to greater participation by small investors and stronger regulations.
Some IPOs have yielded returns while others underperformed.
The divergence has prompted calls for sensible pricing to protect small investors.