The shares of One 97 Communications, the guardian entity of digital funds agency Paytm, had a disastrous begin within the inventory market at the moment.
After having the nation’s largest-ever IPO price Rs 18,300 crore get subscribed 1.89 instances, the scrip was listed at a reduction of over 9 per cent from the problem value. The inventory crashed additional and hit a decrease circuit of 20 per cent in the direction of the top of the commerce. At the top of the primary day, the market capitalisation (m-cap) stood at Rs 1,01,399.72 crore, in response to BSE information.
We check out a number of the lately listed web firms and the place they stand by way of m-cap.
Nykaa (FSN E-Commerce Ventures)
FSN E-Commerce Ventures, which operates the web magnificence e-commerce platform Nykaa, received listed earlier this month at a 79 per cent premium over the problem value. The scrip finally had ended at over 96 per cent above the problem value on the primary day.
The Rs 5,352 crore IPO of the web magnificence e-commerce platform was subscribed 81.78 instances throughout its supply interval.
Today, the m-cap of the agency presently stands at Rs 1,00,154.16 crore.
Policybazaar (PB Fintech)
Shares of PB Fintech, the operator of on-line insurance coverage aggregator Policybazaar and credit score comparability portal Paisabazaar, too had made their debut earlier this week and had received listed at a premium of 17.35 per cent above their problem value.
The Rs 5,710 crore IPO of PB Fintech was subscribed 16.59 instances throughout its supply interval.
The m-cap of PB Fintech on the finish of its first week stands at Rs 59,823.93 crore.
Fino Payments Bank
Like Paytm, Fino Payments Bank too had a weak debut and received listed at a reduction of over 5 per cent under its problem value final week.
The Rs 1,200 crore IPO of Fino Payments Bank was subscribed 2.03 instances throughout its supply interval.
At the top of the day’s commerce on Thursday, November 18, its m-cap stands at Rs 3,746.31 crore.
Zomato
Zomato made its inventory market debut in July. It was among the many first massive identify among the many new tech companies to be listed within the bourses. Its shares had zoomed practically 53 per cent in opposition to the problem value and market valuation has crossed the Rs 1 lakh crore mark.
Its m-cap at the moment stands at Rs 1,21,731.05 crore.