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Initial Public Offering: In the last one year, there was maximum discussion in the market regarding the IPO of five tech startup companies. But there has been a dent of $ 18 billion in the valuation of these five IPOs. The names of Paytm, Zomato, Nykaa, Delhivery and Policybazaar are included in these five companies. These companies brought their IPOs at very expensive valuations, the investors who invested in the IPOs of these companies had to bear the brunt.
In 2021, these companies raised $18 billion through IPOs, but investors have shied away from these high-profile tech stocks. While the Indian stock market has performed brilliantly in comparison to the global markets. Shares of veteran startup companies have fallen by more than 75 percent from their all-time high.
Investors have lost Rs 2.43 lakh crore due to the fall in the shares of five Internet-based companies of the country, Paytm (One 97 Communications, Nykaa (FSN E-Commerce), Zomato), Policybazaar (PB Fintech) and Delhivery. The total market value of these companies was close to Rs 4.32 lakh crore on the first day of listing, which has now come down to Rs 1.89 lakh crore only.
Paytm trading below IPO price
Paytm, the company that brought the second largest IPO, is in the worst condition. The issue price of Paytm was Rs 2150, which is now trading around Rs 539.80. Paytm has come down 75 percent from its issue price. So the market capitalization has come down from Rs 1,39,000 crore to Rs 35,041 crore. That means Rs 1.05 lakh crore of investors have sunk.
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Nykaa has lost its sheen
Nykaa’s market cap was Rs 1.04 lakh crore on the day of listing, which has now come down to Rs 52,864 crore. Nykaa had issued an IPO at a rate of Rs 1125 per share. The company has issued five bonus shares for one share. According to him, the stock had gone up to the level of Rs 428.95, which is now trading around Rs 185. The company is trading below its IPO price.
zomato disappointed
There was a great boom in the stock of Zomato after the listing. But after the end of the lock-in period, the investors sold their stake. After the issue price of Rs 76, the company’s stock touched a high of Rs 169 but now it is trading at Rs 67.70. Zomato’s market cap was Rs 1 lakh crore on the day of listing on July 23, 2021, which is now only Rs 57,895 crore.
Below PolicyBazaar IPO Price
The issue price of Policy Bazaar was Rs 980, which is now trading at Rs 371.55, ie down 62 per cent. Policybazaar has shocked the investors. This share was listed on November 15 in 2021 and then its market cap was Rs 54,070 crore. Now it has come down to Rs 16,701 crore.
Loss to Delhivery’s investors
Logistics company Delhivery brought IPO at the rate of Rs 487 per share. But currently the stock is trading at Rs 367.30 i.e. 25% below the IPO price. The pre-IPO valuation of the company was Rs 35,283 crore, which has come down to Rs 26,698 crore.
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