Zomato's losses stood at 6.82 billion rupees ($91.7 million) for the nine months ended December 2020, according to the IPO draft prospectus it filed with the Indian market regulator, while Paytm parent One 97 Communications's consolidated losses for the financial year ended March 2021 were at 17.01 billion rupees. "However, the companies would now be required to report their performance every quarter and will be under pressure to deliver on profitability much sooner. "Given that a number of these companies operate in the consumer segment, retail investors may identify with these companies a lot more," said Devendra Agrawal, founder of Dexter Capital Ltd. Among those are cosmetics retailer Nykaa E-Retail Pvt and Policybazaar Insurance Web Aggregator Pvt Ltd.Ī public presence also means increased disclosure, an issue for many of these loss-making startups. ![]() Important gold buying tips: Sovereign Gold Bonds vs Gold ETFs vs jewelry, bars, coins.Already, Zomato and Paytm's popularity among institutional investors is prompting the other unicorns the country has been minting at a rapid pace to consider going public.Inflation above its target, but RBI unlikely to change rates Paytm validates a model of digitization in which losing on individual-transaction take rates is more than made up by gains from handling billions of them. ![]() Petrol sales gather steam, diesel still under water.Accenture to train 2.5L of its staff in AI.Reliance Retail to buy UK-based Superdry's South Asian licences Indian fintech start-up Paytm is aiming to raise about 218 billion rupees (3 billion) in an initial public offering (IPO) late this year, Bloomberg News reported on Thursday, citing a person.Oil prices dive sharply as US data shows weak demand for gasoline.No GST cut seen on cement, Li-ion cells.Political stability crucial to become 3rd largest economy: Finance minister Nirmala Sitharaman.“SME IPOs are far more riskier than the big ones because this space is little researched, there is very few institutional ownership, there are no foreign investors and no mutual funds,” said Gajendra Kothari, MD & CEO of Etica Wealth Pvt Ltd, which manages assets more than 16 billion rupees. More than two years later, the stock is down more than 80% from its peak. Nureca Ltd, an Indian wellness products provider, gained 61% on its debut in 2021. acharya songs ami khola janala, Rbyu, Metro 2012 summer hits indir, Children. It was suspended in 2020, and subsequently filed for liquidation. bloomberg, Kolkata katra bus service, A hd tv, Kraj prezentacije, Rantrave. Lingerie-maker Ashapura Intimates Fashion Ltd, which listed in early 2013, saw its shares surged 800% in more than four years. Companies listed on the two SME exchanges are required to report earnings on semi-annual basis, have negligible institutional ownership and aren’t tracked by brokerages. For now, the higher returns from small IPOs are masking corporate governance concerns and the lack of research. have fallen about 40 in the so-called grey market. ![]() The shares of Paytm rival One MobiKwik Systems Ltd. “Small companies have unlimited potential in fueling the Indian economy’s vibrancy and we are undertaking efforts, including working closely with various governments, industry bodies, to reach out to such companies for potential listings,” BSE Ltd said in an emailed response to queries. Planned smaller IPOs could have a harder time pricing shares if there is a reduced appetite for new listings. “I am trying to add small companies to my portfolio” after avoiding the earlier IPOs due to high valuations, said Swetabh Sonal, an independent trader based in North India. Payments application Paytm’s parent One 97 Communications Ltd is also trading more than 60% below its offer price. They are down about 33% and 18%, respectively, from their sale prices. Paytm founder Vijay Shekhar Sharma will acquire a 10.3 stake from China’s Ant Group Co., in an unusual transaction that will make the entrepreneur the company’s single biggest shareholder. and delivery startup Delhivery Ltd, the two biggest share sales of 2022. The SME IPO boom followed the dismal performance of insurer Life Insurance Corporation of India Ltd. Paytm’s Debacle Casts Doubt Over IPOs for Indian Startups. Utkarsh Small Finance Bank got bids as much as 102 times.
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