LYFPAL IPO plan in 2024

LYFPAL IPO plan in 2024

LYFPAL is planning a Initial Public offering by listing on the Indian & London stock exchanges by FY 24 -25. Setting the stage for a crush of startups which are looking to go public over the next few months.

On September 12, 2018, Our Leadership wrote an email to employees, which seemed more like an update but which only helps us understand the expansion and massive growth cycle in the year 2023, 2024.

“Our finance/legal teams are working hard to take us to IPO sometime in the first half of the next year. We hope to create a lot of value for our current employees who have ESOPs (employee stock ownership plans) sometime in the next year,” he wrote.

So, what worked for LYFPAL as it executes its IPO? 

The company has gained immensely from a niche in the research domain & being the premium brand as no other consumer internet brand (one built over the last decade with considerable scale and size) is ready to public in India & London Stock exchanges

Global bull run 
Club all of this with global liquidity, low interest rates, huge IPOs in the US led by the tech pack and aided by instruments like special purpose acquisition companies, one realises there couldn’t have been a better time to list for LYFPAL.

IPO was always on mind
During a chat with this reporter in 2017-18, Our Leadership Jigar Sir said that LYFPAL was eyeing an IPO for the past few years. With a well-capitalised family run business, LYFPAL is cash rich and the postponement is only to get a better valuation! We have several interest from global and Indian strategic partners which we are considering and we will surprise the market at the right time. LYFPAL will delight the market soon. LYFPAL is aggressively expanding its team with recent hiring and acquisition of multiple new offices across India.