It’s a Tuesday morning. 15 May. While the entire nation has its eyes glued to news channels, waiting for the outcome of the Karnataka elections, there is a listing ceremony going on in the NSE auditorium in Mumbai. On the face of it, there’s nothing exceptional about it.
E2E Networks, a Haryana-based cloud computing startup, gets listed on the NSE Emerge platform, becoming the second venture capital-backed company to do so this month. The first, Pune-based SoftTech Engineers, a software company that caters to the architecture, engineering, and construction (AEC) verticals, was listed on 11 May.
In the midst of commotion caused by Walmart’s acquisition of Flipkart and the state election in Karnataka, the story of these two small-ticket initial public offerings (IPOs) didn’t get much attention.