Why companies like Patanjali, flipkart, Paytm etc are not going public?
There may be a couple of reasons why these companies are not going public. In general, a company goes public when it needs to raise fund. In case they do not need fund, the company may choose to remain private.
Anyways, a company can raise money either by equity or debt. In case of Patanjali, Baba Ramdeo and Acharya Balkrishna prefer debts to raise fund rather than equity. Hence, they are not going public. On the other hand, Flipkart and Paytm might not be needing many funds and henceforth not getting public. Flipkart has been recently acquired by the megastore giant Walmart and Paytm is backed by huge investors including Warren Buffett. Further, a few more reasons for these companies not going public are lack of stability, promoter’s preference, negative profitability (which might not be welcomed by equity investors during IPO) etc.