The Flipkart IPO is finally gaining serious momentum — and India’s stock market is watching closely. With the National Company Law Tribunal (NCLT) approving a major internal merger of eight Flipkart entities, the Walmart-backed e-commerce giant is making a bold pivot toward a public listing. This strategic move not only simplifies Flipkart’s corporate structure but also sets the tone for one of India’s most anticipated IPOs. Here’s everything you need to know about this big development, why it matters, and what could happen next.
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Big Moves on Flipkart’s IPO Path
In a major step towards going public, Flipkart has just received a green light from the National Company Law Tribunal (NCLT) for the merger of eight of its Singapore-registered entities into its Indian arm, Flipkart Internet Pvt Ltd. This strategic shuffle is Flipkart’s way of simplifying its business structure ahead of its much-anticipated IPO.
What Just Happened?
The NCLT’s 66-page order approved the merger of companies like Flipkart Health, Myntra Holdings, Flippay, and others with the core Indian business unit. This consolidation move sets the stage for the Flipkart IPO by making the e-commerce major more transparent and easier to value.
Why This Merger Even Matters
Flipkart, like many big tech players, had a complex holding structure spread across jurisdictions. While this may have been useful during its growth phase, investors prefer clarity and simplicity when it comes to IPOs. The merger brings Flipkart’s operations directly under one roof in India, reducing cross-border red tape and boosting investor confidence.
From Singapore to Bengaluru
Post-NCLT approval, Flipkart will still need to secure the nod from Singapore’s courts, and also get clearances under Press Note 3 — a rule requiring Indian government approval for investments from neighboring countries. Once that’s done, the Registrar of Companies (RoC) will take over for final procedural clearance.
Flipkart IPO GMP in Focus
While Flipkart IPO GMP isn’t live yet — since the company hasn’t officially announced dates — the market is buzzing with expectations. Grey Market Premium activity usually picks up once the DRHP is filed, but early chatter among grey market trackers hints at a potentially hot listing. Investors are already searching for live IPO GMP today updates even before official Flipkart IPO news drops.
Grey Market Premium: A Quick Recap
Grey Market Premium (GMP) is the unofficial market where investors trade IPO shares before they’re listed. It reflects demand and investor sentiment. Once Flipkart files its Draft Red Herring Prospectus (DRHP), the Flipkart IPO GMP is expected to spike across informal platforms.
The Money Side: Flipkart Financials
According to Tofler, Flipkart’s consolidated revenue jumped 17.3% year-on-year to ₹82,787 crore in FY25, up from ₹70,542 crore in FY24. But, here’s the catch — losses also grew, hitting ₹5,189 crore this year compared to ₹4,248 crore last year. Not ideal, but normal for fast-scaling tech unicorns.
Public investors usually weigh revenue growth against profitability. Flipkart is clearly on the growth side of that spectrum, and this IPO may ride on scale and market dominance rather than earnings alone.
Flipkart’s India Pivot is a Smart Move
Merging the eight offshore companies into Flipkart Internet Pvt Ltd makes its cap table leaner and more India-centric. This is exactly what regulators and public investors love to see — clean governance, clearer disclosures, and simplified ownership.
NCLT noted this in its order, saying the scheme would “simplify and unify” Flipkart’s holding structure and show direct shareholder engagement within India.
What’s Next for the Flipkart IPO?
Once Singapore’s court signs off and Press Note 3 clearance is in, Flipkart is expected to accelerate its IPO preparation. SEBI recently relaxed IPO disclosure norms, making it a bit easier for tech firms like Flipkart to enter the public market.
While there’s no official IPO launch date yet, expect things to heat up soon. And once the DRHP is filed, keep your eyes glued to Flipkart IPO GMP updates — it’ll be the hottest trend in the live IPO GMP today charts.
Flipkart’s restructuring move signals serious intent to go public in India. As a homegrown e-commerce giant backed by Walmart, the Flipkart IPO is poised to be a blockbuster. And the moment Flipkart IPO GMP starts trending in grey market circles, you’ll know the market’s ready.
For now, the best move? Stay tuned. Big things are coming.
