Flipkart IPO
Flipkart IPO is a proposed Mainboard IPO of the Walmart-backed e-commerce company. The IPO price, issue size, dates and other final issue details are yet to be announced.
Flipkart IPO Details
Flipkart IPO is a proposed Mainboard IPO of Flipkart, one of India's leading e-commerce companies. The company operates an extensive digital commerce ecosystem covering online retail, marketplace services, advertising, logistics, fashion, travel and quick commerce. Flipkart was founded in 2007 and has expanded from an online bookstore into a broad consumer internet platform. Walmart became the company's controlling shareholder in 2018. Flipkart has also expanded its ecosystem through businesses such as Myntra, Ekart, Cleartrip and Flipkart Minutes. Flipkart completed the transfer of its holding company domicile from Singapore to India in 2026 as part of preparations for a potential Indian public listing. However, the company has not yet publicly filed a DRHP containing the final IPO structure, price band, issue size or IPO dates.
Flipkart IPO Timeline (Tentative)
The Flipkart IPO timeline is yet to be announced. The company has been preparing for a potential Indian stock-market listing following its redomiciliation to India, but the IPO has not yet reached the stage where an official bidding schedule has been published. The opening date, closing date, basis of allotment, refund initiation, demat credit and listing date will be updated after the final IPO documents and issue schedule are announced.
| Event | Tentative Date |
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| IPO Opens | |
| IPO Closes | |
| Basis of Allotment | |
| Refund Initiation | |
| Credit of Shares to Demat | |
| Listing Date |
Flipkart IPO Lot Size
The Flipkart IPO lot size has not yet been announced. The minimum retail investment and maximum retail application amount will depend on the final price band and lot size disclosed in the RHP. The S-HNI and B-HNI investment requirements will also be updated after the company announces the final IPO structure.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
Flipkart IPO Subscription
The Flipkart IPO subscription status will be updated after the issue opens for bidding. Subscription figures will be provided separately for Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors, along with the overall subscription. The number of shares available to each category and the corresponding bid quantities will be added once the final offer structure is announced and the issue opens for subscription.
| Category | Subscription (times) |
|---|---|
| QIB | |
| NII | |
| RII | |
| Total |
About Flipkart
Flipkart is an Indian e-commerce company founded in 2007. It began as an online bookstore and subsequently expanded into multiple consumer internet categories. Walmart acquired a controlling stake in Flipkart in 2018.
The Flipkart ecosystem includes e-commerce, marketplace services, advertising, logistics, fashion through Myntra, travel through Cleartrip and quick commerce through Flipkart Minutes. The company has also expanded into financial services and other digital offerings.
Flipkart completed the redomiciliation of its holding company from Singapore to India in 2026, removing an important structural requirement for a potential Indian listing. The company continues to focus on strengthening its e-commerce and quick-commerce operations.
Strengths
- Large-scale e-commerce platform in India.
- Broad ecosystem across multiple consumer internet categories.
- Strong marketplace, advertising and seller-service operations.
- Presence across e-commerce, fashion, travel and quick commerce.
- Backed by Walmart.
- Established nationwide digital commerce infrastructure.
Risks to Consider
- E-commerce remains a highly competitive industry.
- The business continues to face profitability challenges.
- Quick-commerce expansion requires continued investment.
- Logistics and fulfilment costs can affect operating performance.
- The IPO structure and valuation are not yet publicly finalised.
Flipkart Financials (₹ Cr)
Flipkart's FY2025 financial performance showed growth in revenue, although the company continued to report losses. Flipkart India reported consolidated revenue from operations of ₹82,787.3 crore in FY2025, up from ₹70,541.9 crore in FY2024. Its consolidated loss increased to ₹5,189 crore in FY2025. The marketplace arm, Flipkart Internet, reported revenue from operations of ₹20,493.3 crore in FY2025 and narrowed its consolidated loss to ₹1,494.2 crore from ₹2,358.7 crore in FY2024.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY 2024-25 | 82,787.30 | -5,189.20 | ||
| FY 2023-24 | 70,541.90 | -4,248.30 | ||
| FY 2022-23 | 55,823.90 | -4,845.70 |
KPIs & Valuation
Flipkart's key performance indicators and valuation details provide insights into its business performance, operating scale, financial position, and valuation metrics. The section covers important IPO-related KPIs and valuation parameters to help investors understand the company's performance and the basis of its IPO valuation.
Objects of the Issue
The company has not yet disclosed the official objects of the Flipkart IPO because it has not filed a public DRHP containing the final offer structure. The company proposed to utilise the net proceeds from the fresh issue for the following purposes:
- The specific utilisation of IPO proceeds has not yet been disclosed.
- General corporate purposes may be included in the final offer document, subject to applicable regulations.
Promoters, Lead Managers & Registrar
The official registrar and Book Running Lead Managers for the Flipkart IPO have not yet been announced in a public offer document. These details will be updated after Flipkart files its DRHP/RHP and formally appoints or discloses the relevant IPO intermediaries.
Promoters
Flipkart IPO Review
Flipkart is one of India's major e-commerce businesses and has developed a broad digital commerce ecosystem. Its operations span marketplace services, advertising, logistics, fashion, travel and quick commerce.
Flipkart India reported consolidated revenue from operations of ₹82,787.3 crore in FY2025, compared with ₹70,541.9 crore in FY2024. The company reported a consolidated net loss of ₹5,189 crore in FY2025. Flipkart Internet, its marketplace arm, reported FY2025 revenue from operations of ₹20,493.3 crore and a consolidated net loss of ₹1,494.2 crore.
The company's IPO price band, issue size, lot size, objects of the issue and IPO dates are not yet officially available. These details should be updated after the company files the DRHP/RHP and announces the final issue terms.
How to Apply
Investors can apply for the Flipkart IPO through supported online IPO platforms using their UPI ID after the issue opens for subscription.
Through UPI
- Open your preferred broker or IPO application platform.
- Select Flipkart IPO.
- Enter the number of lots you want to apply for.
- Enter the required bid price.
- Enter your UPI ID.
- Submit the IPO application.
- Approve the UPI mandate received in your UPI application.
- Ensure sufficient funds are available in the linked bank account.
- Check the IPO application status after submission.
- Check allotment and demat credit after the basis of allotment is finalised.
Prospectus & Documents
The official DRHP, RHP and Prospectus are not yet publicly available for the Flipkart IPO.
Last updated Sep 29, 2026.