Paytm, Nykaa and other newly listed stocks are trading well below all-time highs

2021 has been a record-breaking race for IPOs. Now triggered by the sell-off, many listed unicorns like Nykaa, Zomato, Paytm and Policybazaar saw massive valuation declines as newly listed stock prices plunged well below their respective highs. MapmyIndia, CarTrade, Nazara Technologies and Delhivery are also among several startups that have offered their initial public offerings (IPOs).


Shares of FSN E-Commerce Ventures Ltd, the parent company of Nykaa, have fallen nearly 37% since its listing in November last year amid general market chaos, which has further weighed on shares of technology companies while interest rates are set at an inch. worldwide. However, Nykaa shares are up more than 28% from the issue price of its IPO of 1,125 each.

Nykaa, the beauty retail company founded by entrepreneur Falguni Nayar caused a stir in the market when it went public in 2021. It had a strong start, but currently, the stock price of Nykaa’s action is at 1,425, which is about a 45% drop from its peak price.


The IPO of food aggregator Zomato was also a success as it was subscribed 38.25 times. Currently, the Zomato share price is at 54.50, down about 68% from its all-time high of 169. Zomato shares have fallen over 57% in 2022 (YTD) so far.


One 97 Communications Ltd, Paytm’s parent company, raised $2.5 billion in its IPO, but a 27% drop in its November 18, 2021 debut made it one of the worst early showings of a major tech company since the era of the dotcom bubble. late 1990s. The stock is trading 65% off its all-time high.


Online insurance service provider Policybazaar, owned by PB Fintech, was listed at a premium of 17.35% on BSE. He peaked at 1,470. However, like the others, this has also faced a decline in the share price and is currently trading below 60% from its all-time high.

Similarly, MapMyIndia (CE Info Systems), CarTrade shares are down around 30% and 67% respectively from their highs.

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Garland K. Long