2024 to see surge in new-age tech IPOs as macroeconomic headwinds ease

A total of five companies went public in 2023, up from three the previous year. These include Yatra, Zaggle, Yudiz, IdeaForge, and Mamaearth, with a cumulative issue size of around Rs 3,650 crore

With the equity markets making record highs, a wave of new-age startups is setting sights on public listing in 2024. As many as 12 companies are considering going public in the new year.

According to industry observers, improving market conditions, the private sector's need for stable capital, and a growing appetite for new-age technology businesses are fuelling optimism for public market debuts among these startups.

“The public markets are showing an increasing appetite for non-traditional, technology-based businesses,” said Pratip Mazumdar, co-founder and partner at investment firm Inflexor Ventures.

New-age technology initial public offerings (IPOs) have gained momentum recently. In 2023,