2021 was a record-breaking run for IPOs. Now triggered by the sell-off, many listed unicorns like Nykaa, Zomato, Paytm and Policybazaar have witnessed an enormous decline of their valuation because the newly listed shares costs have plunged means under their respective highs. MapmyIndia, CarTrade, Nazara Applied sciences, and Delhivery are additionally amongst a number of startups that had give you their Preliminary Public Choices (IPOs).
Nykaa
Shares of FSN E-Commerce Ventures Ltd, the mother or father firm of Nykaa, have fallen almost 37% since its itemizing in November final 12 months, amid the broader market mayhem, which has weighed extra on shares of expertise firms as rates of interest are set to inch up internationally. Although, Nykaa shares are up over 28% positive aspects from its IPO problem value of ₹1,125 apiece.
Nykaa, the sweetness retail firm based by entrepreneur Falguni Nayar brought about a buzz available in the market when it listed its IPO in 2021. It made a powerful debut however at present, Nykaa’s share value is at ₹1,425, which is round a forty five% lower from its file excessive value.
Zomato
Meals aggregator Zomato’s IPO too was successful because it was subscribed 38.25 occasions. At current, the share value of Zomato is at ₹54.50, which is roughly a lower of 68% from its file of ₹169. Zomato shares have fallen greater than 57% in 2022 (YTD) up to now.
Paytm
One 97 Communications Ltd, Paytm’s mother or father firm, raised $2.5 billion in its IPO, however a 27% plunge in its November 18, 2021 debut made it one of many worst preliminary showings by a serious expertise agency because the dot-com bubble period of the late Nineteen Nineties. The inventory is buying and selling 65% from its file excessive.
Policybazaar
PB Fintech-owned on-line insurance coverage service supplier Policybazaar had listed at a premium of 17.35 per cent on the BSE. It reached a excessive of ₹1,470. Nonetheless, just like the others, this additionally has confronted a decline in share value and is at present buying and selling under 60% from its file excessive.
Equally, MapMyIndia (CE Information Techniques), CarTrade shares are down about 30% and 67% respectively from their file highs.
Supply: Live Mint