Over 15 tech startups look to get listed in next financial year, says report

Around 15 tech-based startups are likely to open an initial public offering in the next financial year as market regulator Sebi has relaxed norms to help them tap the capital market, The Hindu BusinessLine reported.

Listing in the stock exchanges will also give private equity investors an exit option. Securities and Exchange Board of India (Sebi), according to the BL report, may issue final and detailed guidelines on January 20 after which startups can go ahead with the listing process.

The report said that 15 tech startups across segments are keen to get listed and have already approached global entrepreneurship organisation TiE’s Mumbai chapter to support them with the listing process.

“About 15 start-ups have shown interest. Once Sebi comes out with the final guidelines in January, we will be able to share the names of a few start-ups. We are also planning a road-show in this regard soon, ” Atul Nishar, chairman of IT firm Hexaware and president of TiE Mumbai, told the paper.