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The Indian stock market is experiencing a downturn, with the BSE Sensex dropping 7.5% since mid-December and closing down 857 points at just below 75,000 on Monday. This slump has raised concerns among startups looking to go public, as many founders, CEOs, investors, and bankers from major firms perceive a diminishing window for initial public offerings (IPOs). The recent correction has also impacted seven newly-listed IPOs, which have seen their market prices decline by up to 64% from their respective 52-week highs. Amidst this backdrop, companies with robust financials may still find opportunities to list, but the overall sentiment remains cautious regarding the IPO market's future viability.
Market slump has put startup IPOs on edge, with founders, CEOs, investors, and bankers from multi-billion-dollar firms sensing a shrinking window. Since mid-Dec, BSE Sensex is⬇️ 7.5% On Monday, it closed ⬇️857 points, below 75,000. Final call for startups boarding bourses? https://t.co/tByMNYi8dM
🚨🚨 New-age #companies eyeing a trip to Dalal Street this year are wary of the recent #stock market slump. 📌 While companies with strong #financials can still make it to the bourses, there’s growing concern that the #IPO window may not stay open for long.
#LeadStoryOnET | #FinalCall for #startups: #DStreet slump has a #cautionary signal for new-age companies eyeing #IPOs https://t.co/t6qXTCYfXy https://t.co/CevZDUaSEX
