
20/11/2022
Can 80’s Colgate, Ingersolrand, and Wipro be replaced by 20’s Nykaa, Policy Bazaar, and Paytm? was the question some market players asked when they were given the rosy pictures about the new age fintech companies during their IPOs a year back. They had proved right when all these IPOs failed to reward a meager return that any debutant can offer in the stock market.
When countered by skeptics about the high valuations, none of the authorities including SEBI, Stock exchanges, and the issue managers took stock of the situation. The issue got through owing to the bullish sentiment prevailing in the markets then. But as of late, everyone is sitting with a pile of loss on the counters.
Can 80’s Colgate, Ingersolrand, and Wipro be replaced by 20’s Nykaa, Policy Bazaar, and Paytm? was the question some market players asked…