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For the last few years, the Government of India has been working to promote business startups across the country. Before the year 2014, no one had heard the name of a startup in the country. The ‘Startup India’ program was officially launched by the Government of India in the year 2016. Before 2014, there used to be only 350 to 400 startups in India, but today around 1.14 lakh startups are registered in the records of the Government of India. Also, India has over 110 startup unicorns.
A stronger startup ecosystem also favours the country. Union Minister Hardeep Singh Puri said on May 20 that India can achieve the ‘Viksit Bharat’ status even before 2047 with the help of a robust startup ecosystem. Even Prime Minister Narendra Modi has been encouraging youth to become entrepreneurs. Every startup company dreams of scaling up and getting their company listed in the stock market by becoming an Initial Public Offering (IPO). But it is a bit difficult to do this because due to lack of guidance, 9 out of 10 startups are not able to progress and are already closed. The second problem that arises is that the company does not have the right information and resources to become an IPO. Due to these two problems, no new startup is able to make it to the IPO stage.
मोदी सरकार में आई ‘स्टार्टअप क्रांति’!
PM @narendramodi जी की दूरदृष्टि, सुविधाओं व प्रोत्साहन के परिणामस्वरूप भारत स्टार्ट-अप्स की दुनिया में झंडे गाड़ने के बाद अब उभरते यूनिकॉर्न का ‘बादशाह’ बनने की ओर अग्रसर है।
इसी क्रम में कल मेरे आवास पर #TechLeadersWithNaMo के तहत… pic.twitter.com/PuBHa3Wi65
— Hardeep Singh Puri (मोदी का परिवार) (@HardeepSPuri) May 21, 2024
What is Initial Public Offering?
IPO or ‘Initial Public Offering’, any private company is run by some shareholders together, but when these companies need capital then the companies list themselves in the stock market, the most effective way of which is IPO issuance is ongoing. In the IPO that companies get listed in the stock market, investors as well as the general public can buy shares of that company. After which, it is not only the owner and investors of the company but also all the owners who buy the shares of the company. These shares are listed on stock exchanges like BSE and NSE and can be easily bought and sold.
Vivek Bindra’s IPO Initiative
Dr Vivek Bindra said that he is starting a special program to help companies grow as startups and make them IPO-listed companies. Under this program, 100 MSME companies will be selected and they will be guided and supported in every way to take them to the IPO level. He shared that no company needs crores of rupees in revenue or investment to become an IPO, even a small budget MSME company can become an IPO.
In this program, all these 100 companies will be provided with funding, tech, and all types of support related to marketing for the next upcoming 30 months. A roadmap of 30 months will be prepared for the companies to make IPO and the companies will be listed in the stock market.
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