Two Dot Com IPOs Shaping Up India's Investment Future

Bangalore: With the Indian e-commerce market surpassing an expected 50, 000 crore and the broadband population eyeing on 150 million, quiet a good number of technology start-ups are waiting for the right opportunity to  spout the market through the IPO route.

Since Deep Kalra listed Makemytrip on Nasdaq in 2010, Mani’s Just Dial IPO offering has been the second largest that raised the hopes of entrepreneurs and venture capitalists who have been looking for scopes to get listed.

The Initial Public Offerings of two dot com based companies, Make My Trip, the travel website and Just Dial, the local search engine have been the two most appreciable and successful ventures by far.

Wall Street Journal reported that the U.S. IPO market fetched a much-needed boost with India travel site MakeMyTrip breeding the best first-day increase in three years in 2010. The travel company closed up 89 percent on its debut, the finest performance since Athenahealth rose 97 percent in September 2007, according to Dealogic.

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