New Delhi: At least a dozen Indian companies working on the initial public offering are now under the supervision of additional investors after the debut of the Digital Paytm payment disaster, the largest IPO in the country.
Offering on radar includes Ovel Stays Ltd., hotel reservation operator Startup Oyo, which wants to collect almost $ 1 billion. Other large listings include Fire Holdings Ltd., Farmeasy Online Pharmaceutical Parent, and Logistics Company Delhivery Ltd.
It is planned that smaller IPOs can have stock prices more difficult if there are tastes reduced for new lists. Paytm Rival One Mobikwik Stock Systems Ltd. has fallen around 40% on the gray market called.
Paytm shares have fallen by around 30% since they started trading last week, with a rebound on Tuesday not enough to remove losses from the previous two sessions. Some companies that seek to benefit from the flood of transactions in the IPO market that is booming India so far this year may think more about the time and pricing for their problems, according to Edelweiss Financial Services Ltd.
Assessment tends to be the main sticky point for those who want to knock on the market. Paytm Assessment – around 26 times the sale price for the 2023 book year – the tower above the S & P Sensex benchmark index is around 4 times.