The year 2021 witnessed many Indian Tech Startups going public and entering the Indian stock market like Paytm, Zomato, Nykaa, Policy bazaar, etc. However, coming to 2022, the market has not been very kind to the equity investors so far. The market is continuously declining amid the Russia-Ukraine Crisis, Global Sell-off, and RBI repo rate hike.
Here’s how the top Indian Tech Startup IPOs have performed so far in 2022:
1. Paytm
Paytm, listed as One 97 Communication limited, offered its IPO into the secondary market between Nov 8–10, 2021 with an Issue size of Rs 18,300.00 Cr and an offer price of Rs 2,150 per share. Currently, Paytm’s shares are trading at the share price of Rs 539 and the stocks have declined -59.10% so far in 2022 YTD.
2. Zomato
Zomato’s IPO was between July 14–16, 2021 got listed on Jul 23, 2021. It offered an Issue size of Rs 9,375.00 Cr and an offer price of Rs 76 per share. Currently, Zomato’s shares are trading at the share price of Rs 539 and the stocks have declined -59.10% so far in 2022 YTD.
3. Nykaa
Nykaa, listed as FSN E-Commerce Ventures limited, offered its IPO between 28 Oct 2021 – 1 Nov 2021 with an Issue size of Rs 5,351.92 Cr and an offer price of Rs 1,125 per share. Though the stock is trading at a premium to its IPO price with the current share price of Rs 1,342 and the stocks have declined -36.52% so far in 2022 YTD.
4. CarTrade
CarTrade, listed as CarTrade Tech limited, offered its IPO into the secondary market between Aug 9–11, 2021 with an Issue size of Rs 2,998.51 Cr and an offer price of Rs 1,618 per share. Currently, CarTrade shares are trading at the share price of Rs 608 and the stocks have declined -28.03% in 2022 YTD.
5. Policybazaar
Policybazaar, listed as PB Fintech limited, offered its IPO into the secondary market between Nov 1–3, 2021 with an Issue size of Rs 5,625.00 Cr and an offer price of Rs 980 per share. Currently, Policybazaar’s shares are trading at the share price of Rs 555 and the stocks have declined -42.49% so far in 2022 YTD.
6. MapmyIndia
MapmyIndia, listed as CE Info Systems Ltd, opened its IPO between Dec 9–13, 2021 with an Issue size of Rs 1,039.61 Cr and an offer price of Rs 1,033 per share. MapmyIndia is trading at a premium to its IPO price, however, the stock has declined -28.08% in 2022 YTD.
7. Ease My Trip
Ease My Trip, listed as Easy Trip Planners, offered its IPO between Mar 8–10, 2021 with an Issue size of Rs 510.00 and an offer price of Rs 187 per share. Currently, the Ease my Trip stock has been profitable for the IPO investors, and its shares are trading at the share price of Rs 350.10 and the stocks have surged 28.53% in 2022 YTD.
8. Nazar Technologies
Nazara Technologies, backed by Rakesh Jhunjh unwala, offered its IPO into the secondary market between Mar 17–19, 2021 with an Issue size of Rs 582.91 Cr and an offer price of Rs 1,101 per share. Currently, Nazar’s shares are trading at the share price of Rs 1,250 which is at a premium to its IPO, however, the stocks have declined -50.21% so far in 2022 YTD.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
