India’s IPO market is witnessing unprecedented enthusiasm, with a surge of software companies gearing up for public listings in the country, said Kunal Bahl, co-founder of Snapdeal and venture capital firm Titan Capital.
He added that several software firms from Titan Capital’s portfolio plan to debut on Indian stock exchanges.
“There is an insatiable appetite for IPOs in India,” Bahl stated during Razorpay's annual event RazoarpayFTX on February 20, emphasizing the strong investor sentiment and conducive market conditions that are prompting tech firms to take the public route.
Bahl's early-stage investment fund Titan Capital has backed SaaS firms like CloudFiles, ClickPost, Invideo and Yellow.AI. In fact, Tital Capital-backed Unicommerce made a stellar debut on the stock markets as shares were listed at 118% premium.
With Indian markets showing robust liquidity and investor interest Bahl said that many software firms are now eyeing IPOs to fuel their next growth phase especially in India.
The surge in IPO aspirations comes amid a broader trend of tech companies opting for domestic listings rather than seeking overseas markets. Factors such as improved regulatory frameworks, deeper institutional participation, and strong retail investor engagement have made India an attractive destination for public offerings.
Several SaaS companies planning initial public offers find the domestic market more ideal and attractive than the Nasdaq in terms of valuation expectations, stable conditions, and increased investor interest.
Also Read: Change of heart: Indian SaaS firms prefer Dalal Street over Nasdaq for IPOs
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