Amid A Surge Of Indian Companies Going Public Web Shares Are Making A Resounding Debut

Web Shares Jump 52% in Mumbai IPO Debut, Surpass $1 Billion Valuation

Amid a surge of Indian companies going public, Web shares are making a resounding debut.

Driving the News:

WEB Shares Ltd., a leading Indian e-commerce and digital payments company, saw its shares soar up to 52% on Tuesday, reaching 70,770 rupees in the Mumbai IPO debut. The IPO comes during a period of increased public offerings by Indian companies, driven by strong investor sentiment. SoftBank-backed Brainbees Solutions Private Ltd., the parent company of online retailer FirstCry, also filed for an IPO on Thursday, adding to the momentum in the Indian IPO market.