2021 was a record breaking run for the IPO. While the valuations of listed unicorns Nykaa, Zomato, Paytm and Policybazaar saw a sharp decline, the prices of newly listed shares have dropped from their respective highs. MapmyIndia, CarTrade, Nazara Technologies, and Delhivery are among the many startups that have come up with their initial public offering (IPO).
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Shares of Nykaa’s parent company FSN E-Commerce Ventures Ltd. have fallen nearly 37% since listing last November, amid widespread market catastrophe that has weighed on shares of technology companies as interest rates set in. are up around the world. However, Nykaa’s shares are up 28% over its IPO issue price. 1,125 per.
Nykaa, the beauty retail company founded by entrepreneur Falguni Nair, created buzz in the market when it listed its IPO in 2021. It made a strong start but currently, Nykaa’s share price is on 1,425, which is about 45% less than its record high price.
zomato
Food aggregator Zomato’s IPO was also successful as it was subscribed 38.25 times. Currently, the share price of Zomato is 54.50, which is a decrease of about 68% from its record 169. Shares of Zomato have fallen more than 57% so far in 2022 (YTD).
Policybazaar India
Policybazaar, an online insurance service provider owned by PB Fintech, was listed on the BSE at a premium of 17.35 per cent. it reached a high level of 1,470. However, like others, it too has faced a fall in the share price and is currently trading at 571.65.
Paytm
Expected to be a success story for the start-up ecosystem, One97 Communications-backed Paytm’s IPO instead opened to a disappointing one. with IPO size of 18,300 crore, it got listed at a discount of 9 per cent on its offer price.