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Market Regulator SEBI IPO norms: IPO rules for new age companies - 0 views

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    Given how recent market corrections wiped out much of the gains made in tech IPOs, a review of the current issue pricing norms is welcome. Alarm bells rang for the markets, investors and securities and commodities market regulator Securities and Exchange Board of India (SEBI) when the much-awaited initial public offering (IPO) of Paytm tanked on debut. Since then, the slide show has been going on for the payments company. The story of cosmetics retailer Nykaa has been a little different. It debuted at Rs 2,001, a 78 percent premium to its IPO price of Rs 1,125. However, it closed at Rs 1,294.20 on the BSE on Friday, February 25, 2020. Clearly, both these vaunted new-age companies have lost investor interest.
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