The world-famous online shopping marketplace Flipkart planning to raise funds to expand massively. recently it was found in a report that Flipkart going to offer its first Initial Public Offer (IPO) to its customers. Bangalore based shopping e-commerce company which have 82% stakes by the world largest wholesaler company Walmart. Walmart acquired Flipkart in 2018 for $15 billion. It is expecting by all the traders and buyers who are eagerly waiting for Flipkart IPO. It may be a good option to invest your money in a growing company in the e-commerce category. Here is the deep details about the Flipkart IPO related to the Flipkart IPO release date, IPO Listing, Allotment, and Flipkart IPO share Price. So, don’t allow yourself to leave this before getting all the necessary details. Read Also: Powergrid invit IPO
Initially, the company was started by Sachin Bansal and Binny Bansal in October 2007. Both are former Amazon employees. They started focusing to sell books to huge customers across the world. In the starting days of Flipkart, both entrepreneurs received 100+ orders per day by the year 2008. Then Flipkart grown-up slowly-slowly. In the year 2010 Flipkart ready to take a new high and they acquire Social book discovery services from lulu.com.
Flipkart IPO Issue Size
According to reports, Walmart has hired Goldman Sachs to underwrite the IPO. The biggest e-commerce company Flipkart is expected to reach around $130 billion in size. The Issue size is not yet revealed officially but as per info, it will be huge beyond our expectations. Because Walmart promises to make the Flipkart Valuation $130 billion by 2025. Related Article: LIC IPO 2021 details
Flipkart Share Price
As such, there is no accurate official release regarding the share price and minimum lot. We want to tell you accurate and genuine information that there are only a few details are available yet. According to our assumption, the share price will be above Rs 200 per share but it all depends on the issue size of this Flipkart IPO. But don’t worry we are here to cover every detail about this IPO. We will update the price here when we get the official confirmation.
Flipkart IPO Issue Date
Flipkart IPO Issue Date is yet to be Unveil by the company and According to the predictions, the application of this IPO will begin from the middle of this 2021 year. The expected month is October 2021. Although official confirmation is yet to be announced.
Flipkart IPO Allotment Date
As we know Allotment is the most-awaited and interesting part after the issuance of an IPO. In allotment as we can assume the meaning that Allotment means when the applicant receives the applied shares. So, the Allotment date of Flipkart IPO is yet to announced by the company and most probably the allotment data come after the 3-4 days of the last date of the IPO Application.
Listing on NSE & BSE
Flipkart IPO Listing date is here and we going to tell you about the day when Flipkart IPO will be list on NSE and BSE which the Stock Exchange of India. The SEBI will authorize all the activities and finalize the date of listing. The listing of an IPO takes 6-7 working days after the allotment of Shares.