Upstox IPO

Summary*

Upstox, a leading digital investment and trading platform in India, is eyeing an initial public offering (IPO) within the next 2-3 years, according to CEO Ravi Kumar. Founded in 2009, the Mumbai-based fintech company offers a range of services including stock trading, mutual funds, and derivatives trading. Upstox has seen significant growth, with its customer base expanding to over 1.3 crore users.

The company's financial performance has been strong, with expectations of being "significantly more profitable" in the current fiscal year compared to the previous one. In the last fiscal year, Upstox reported an EBITDA of ₹200 crore and a consolidated net profit of ₹25 crore, with broking revenue up 44% to over ₹1,000 crore. The firm has generated over ₹200 crore in cash in the last two quarters alone.

While specific details about the potential IPO are not yet available, Kumar emphasized that no banker has been appointed and no date has been set. The company's focus is currently on product innovation and investor education initiatives. Upstox is also in the process of hiring 250 new employees, including engineers and managers, to support its growth.

Backed by prominent investors such as Ratan Tata and Tiger Global, Upstox faces competition from other digital brokers in India's rapidly growing fintech sector. The company's move towards a public listing aligns with its aspirations for higher levels of corporate governance and transparency. As Upstox prepares for this potential milestone, investors and industry observers will be closely watching its performance and market positioning in the coming years.

How to invest in Upstox

While Upstox's IPO prospects remain uncertain, investors eager to gain exposure to promising fintech companies don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the online trading and investment platform space. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of emerging fintech innovators before they go public.

Sources

*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.