B2B, manufacturing tech drove IPO market in past five years: report
B2B) and manufacturing technology sectors constituted 56% of the new listings on the mainboard over the last five years, Boston Consulting Group and venture capital firm Matrix Partners said in a joint report.
According to the latest ‘Digitizing Make in India’ report, within the B2B space, there had been 11 initial public offerings in the past five years in the specialty chemical industry, featuring companies such as Chemplast and Senmar.
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“The IPO markets want profitable companies with good return on capital employed that are growing rapidly in segments with high demand and are considered sunrise sectors. We have seen a lot of EMS companies getting funded and a lot of companies in the precision manufacturing-led defence component and renewable energy space getting funded, and we will see a lot more,” Sudipto Sannigrahi, managing director at Matrix Partners, told ET.
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There will be a significant increase in IPOs within the electric vehicle (EV) sector, beginning with Ola Electric. “But you will also see a
