Flipkart IPO: Check Expected Date, Price, Issue Size, Everything You Need to Know
Flipkart, India’s most prominent e-commerce marketplace and a key driver of online retail evolution, is set to launch its IPO in 2025–26. Founded in 2007 by Sachin and Binny Bansal, Flipkart redefined digital shopping for Indian consumers and, with Walmart’s backing since 2018, has consistently led the market against fierce competition from Amazon, Reliance, and Meesho. Flipkart’s upcoming listing is expected to be a game-changer for Indian equity markets, unlocking value for Walmart and retail investors alike.
The much-anticipated IPO is estimated to raise between $8 billion – $10 billion (₹67,000 crore – ₹ 83,000 crore), seeking a valuation in the range of $60 billion to $70 billion. Flipkart is undertaking a strategic "reverse flip," relocating its holding from Singapore to India to facilitate domestic listing and improve its regulatory profile. The deal is poised to become India’s biggest consumer-tech public offering, with proceeds earmarked for supply chain fortification, grocery and quick commerce expansion, and strengthening the core marketplace business amidst a rapidly expanding user base.
Flipkart IPO Dates & Launch Details
- IPO opening date: To be announced ( Reportedly planned for late 2025 or early 2026)
- IPO closing date: To be announced (Typically three days after opening)
- Basis of allotment: To be announced (Within 3 working days post closure)
- Refund initiation: To be announced (Shortly after basis of allotment)
- Expected listing date: To be announced (Usually within a week following allotment finalisation)
Lead Book Running Managers: To be announced.
Registrar: To be announced.
Flipkart IPO Price Band & Investment Details
- Price band: To be announced (Face value: ₹1 per share)
- Minimum lot size: To be announced
- Minimum investment: To be announced
- Maximum retail investment: To be announced
Flipkart IPO Structure
Detail | Information |
|---|---|
Issue Type | Fresh Capital + Offer for Sale (OFS) |
Total Issue Size | $8 billion – $10 billion (estimated) |
Fresh Issue Value | To be announced |
OFS Shares Value | To be announced |
Target Valuation | $60 billion–$70 billion |
Lead Investors | Walmart (~85%), Tencent (~4%) |
Reservations | To be announced |
Listing Exchanges | |
Registrar | To be announced |
Lead Manager | To be announced |
About Flipkart
Flipkart is a digital commerce powerhouse offering a “full stack” of services: general e-commerce, fashion (Myntra), fintech (through PhonePe until 2022), logistics (Ekart), value commerce (Shopsy), travel (Cleartrip), and health (Flipkart Health+).
Key Pillars:
- Market Reach: Over 500 million registered users with deep penetration in tier 2/3/4 cities, and a cumulative GMV of $30+ billion
- Business Model: Marketplace-driven with revenue streams from commissions, in-platform advertising, value-added services, private label sales and B2B procurement
- Logistics: Ekart, India’s largest e-commerce logistics network, enables pan-India same/next-day deliveries, returns management and supply chain innovation
- Private Brands: Aggressive ramp-up across electronics, apparel, lifestyle, and home categories to boost margins and consumer loyalty
- Tech Innovation: Heavy investment in AI-driven personalisation, Creator Studio for influencer commerce, and supply chain efficiency tools
Flipkart also leads the festive and flash-sale segments, with its flagship "Big Billion Days" event routinely shattering sales records.
Flipkart Financials
Revenue and Profit Table
Period | Operating Income (₹ crore) | Profit After Tax (₹ crore) |
|---|---|---|
FY ‘24 | 17,907 | -2,359 |
FY ‘25 | 20,493 | -1,494 |
Additional: Marketplace income doubled to ₹7,751 crore (FY25); advertising revenue at ₹6,317 crore; logistics revenue at ₹4,224 crore.
Key Highlights:
- Revenue topped ₹20,000 crore in FY25, up 14.4% YoY—driven by strong growth in marketplace and ad revenues.
- Net losses narrowed by 37% to ₹1,494 crore, with operational discipline and cost control.
- Marketplace services are now the leading revenue stream (38% of topline), followed by advertising (31%).
- Logistics revenue fell but expenses and employee costs reduced, reflecting technology-driven efficiency.
- The company now spends ₹1.09 to earn a rupee versus ₹1.15 the previous year, with material improvements in profitability and operational leverage.
- Flipkart continues to prioritise scale, brand reach, and market share, with profitability as a medium-term target.
Sector & Market Context
India’s retail e-commerce market, set to touch $170 billion by 2027, is propelled by urbanisation, digital adoption and government support for MSMEs. Flipkart’s broad consumer base (now 500+ million), combined with Walmart’s financial muscle and deep local experience, makes it the standard-bearer in this fast-evolving sector.
Competition remains fierce from Amazon, Reliance Retail, Meesho, and new entrants in value and quick commerce. Policy clarity around FDI in e-commerce, data residency, and GST will play a significant role in Flipkart’s strategic execution.
Flipkart IPO: Key Considerations For Investors
Strengths
- Market dominance and strong parentage (Walmart, Tencent)
- Expansive logistics and tech infrastructure
- Category leadership in smartphones, fashion, electronics, and value
- Multiple high-growth verticals and growing margin-accretive services
Risks
- Persistent losses and thin margins, especially amid ongoing discounting battles
- Regulatory challenges (ED, FDI norms, antitrust investigations)
- Demanding competition from US and Indian peers
- Heavy cash burn in grocery, quick commerce, and new verticals
Opportunities
- Scaling in tier 2/3/4 towns and semi-urban India
- Further monetisation of in-app ads, fintech, and private labels
- AI-driven supply chain automation and personalisation
- Massive offline-to-online commerce opportunity with India's ongoing digitalisation
IPO Structure
- The upcoming IPO is expected to include a notable fresh issue for capital raising and a secondary offer for sale (OFS) from existing major investors (primarily Walmart, Tencent, institutional funds).
- Walmart remains a committed anchor investor, emphasising Flipkart’s long-term growth and operational independence.
- The deal structure is expected to widen Flipkart’s public float and solidify its status as the poster child for India’s new economy listings.
- Listing on India’s exchanges (NSE and BSE) will improve transparency, governance, and stock liquidity for global and domestic investors.
About the Company
Founded in 2007 and headquartered in Bengaluru, Flipkart is India’s homegrown e-commerce trailblazer. As of 2025, with over 500 million registered customers and a robust omni-channel presence, it sets the benchmark for digital retail, innovation, and large-scale consumption across the nation.
Conclsuion
The Flipkart IPO will likely be a milestone moment for Indian consumer technology. Investors must weigh the excitement of market leadership and innovation against continued losses and regulatory flux. Flipkart’s rich trajectory, focus on scale, and vision for a tech-forward retail ecosystem make this an IPO that could reshape how India shops and how the markets price digital consumption.
Always consider personal investment objectives and consult trusted sources before making any decisions.
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FAQ
When is the Flipkart IPO expected to launch, and what is its anticipated size?
Flipkart’s IPO is expected in late 2025 or early 2026, with an estimated size between $8 billion and $10 billion. It is poised to be India’s largest new-economy IPO, reflecting its dominant market position and scale in the e-commerce sector.
Who owns Flipkart, and what does the ownership structure look like?
Walmart is the primary shareholder with approximately 85% ownership, while Tencent and other global institutional funds hold minority stakes. Before listing, Flipkart plans to relocate from Singapore to India to streamline governance and compliance frameworks.
How has Flipkart performed financially recently?
In FY25, Flipkart’s revenue reached ₹20,493 crore, a growth of 14.4% YoY. The company’s net losses narrowed significantly to ₹1,494 crore, supported by increased marketplace, ad services, and enterprise revenue, indicating progress toward operational efficiency.
What are Flipkart’s main revenue sources in 2025?
Marketplace and advertising services constitute the largest share, supported by in-house brands, platform ads, and B2B offerings. Investments in product differentiation, private labels, and supply chain logistics further boost revenue streams.
What are the key risks and growth opportunities for Flipkart investors?
Opportunities include market scale, brand recall, logistics, and expansion into new categories and geographies, while risks involve ongoing losses, regulatory pressures, price wars, and margin compression, which could influence long-term profitability.
How can retail investors apply for the IPO?
Applications can be made via online investment platforms, like m.Stock, through a demat account during the subscription window.