The year 2021 is remembered for IPO. Investors have made a lot of money by investing in IPOs last year. But in the recent times, the shares of the companies that came with IPO in 2021 have been thrashed in the market. Investors seem to be selling. Shares of giant startup companies have fallen by more than 60 percent from their all-time high.
Investors have lost Rs 1.30 lakh crore due to the fall in the shares of the country’s four internet-based companies Paytm (One 97 Communications, Nykaa (FSN E-Commerce), Zomato and Policybazaar (PB Fintech). On the first day of listing The total market value of these companies was Rs 3.58 lakh crore.
Paytm, which is trading below the IPO price, is
in the worst condition of the country’s largest IPO company company Paytm. The issue price of Paytm was Rs 2150, which is now trading around Rs 849.95. Paytm is down 60 per cent from its issue price. So the market capitation has come down from Rs 1,39,000 crore to Rs 55,121 crore.
Nykaa’s shine faded
Nykaa’s market cap was Rs 1,04,360.85 crore on the day of listing, which has now come down by about Rs 36 thousand crore to Rs 68.607 crore. Nykaa had issued an IPO at the rate of Rs 1125 per share. Whose price went up to Rs 2573. But there has been a strong decline in the heroine from the upper levels and now it is trading at the rate of Rs 1447.80. The share of the heroine has come down to 44 per cent from its high.
Zomato has also slipped below the IPO price
Investors investing in food delivery company Zomato Cashare have suffered tremendous losses. After the issue price of Rs 76, the company’s stock touched a high of Rs 169 but now it is trading at Rs 89. It had slipped below its issue price three days ago. On July 23, the day of listing, Zomato’s market cap was Rs 1 lakh crore, which is now only Rs 70,000 crore.
The issue price of Policybazaar was Rs 980 which is now trading at Rs 763 i.e. down 22 per cent. Policybazaar has shocked the investors. This stock was listed on November 15 last year and then its market cap was Rs 54,070.33 crore. Now it has come down to Rs 34,312 crore.
Apart from this, there are companies like Aditya Birla Sunlife, Glenmark Life, Nuvoco and Shriram Properties which are trading below their issue price . However, investors must have been worried due to the beating of companies that brought IPO in 2021, as well as the promoters of those companies which were planning to bring IPO. At the same time, many companies including LIC are planning to bring IPO. This has definitely hit the sentiment of the IPO market.
Giants will bring IPO
Go Airlines Rs 3,600 crore, MobiKwik Rs 1,900 crore, SBI Mutual Fund Rs 7500 crore, Ola Rs 7,300 crore, OYO Rs 8430 crore, Pharmeasy Rs 6250 crore, NSE Rs 10,000 crore, Ixigo Rs 1600 crore, Bajaj Energy IPO of Rs 5450 crore will come in the market in 2022. Apart from these, Reliance Jio, Snapdeal, FabIndia, HomeLane, Biba Apparels, Bharat FIH, VLCC Health Care, Delhivery, Wellness Forever, MobiKwik are also bringing their IPO.