Market value of five new age companies have fallen below 2 Lakh crore

Updated: 14 Jun 2022, 09:21 AM IST

TL;DR.

Together, these five companies now command a ₹1,89,500 crore m-cap against ₹3,65,438 crore on Day 1 of their listings.

The recent fall in these stocks would hurt individual investors holding up to <span class='webrupee'>₹</span>2 lakh worth of shares as they had raised stakes in these companies in March quarter.

The recent fall in these stocks would hurt individual investors holding up to ₹2 lakh worth of shares as they had raised stakes in these companies in March quarter.

The combined market value of five new-age companies - Zomato, Paytm, PB Fintech, Nykaa, and CarTrade have fallen below the ₹2 lakh crore mark, amid a broader market sell-off and a muted set of quarterly earnings. Three of these companies commanded m-cap of about ₹1 lakh crore on their respective listing days, Economic Times reported.

In Monday's trade, Zomato's share price declined 2.17% to Rs. 67.50. The food aggregator holds an m-cap of ₹53,147.2 crore, compared with ₹98,731.59 crore on July 23, 2021, it's listing day. The stock has dipped 60.06% from its 52-week high.

Shares of Paytm were trading at Rs. 582.25, down 3.04 per cent. At the prevailing price, the company commands an m-cap of ₹37,778.2 crore compared with an m-cap of ₹1,01,399.72 crore as of its listing day, November 18.

PB Fintech (Policybazaar) fell 0.51 per cent to ₹587.75 in Monday's trade. It had an m-cap of ₹26,419.4 crore compared with ₹54,070.33 crore on November 15, 2021, its listing day.

Shares of Nykaa closed at Rs. 1,455.95 (up 0.69%) on the BSE in Monday's trade. The stock commanded an m-cap of ₹69,471.04 crore compared with the listing day's (November 10) closing m-cap of ₹1,04,360.85 crore.

CarTrade was down 5.02 per cent to ₹661.65. This company commanded an m-cap of ₹3,087.30 crore compared with ₹6,875.57 crore on its listing day.

Together, these five companies now command a ₹1,89,500 crore m-cap against ₹3,65,438 crore on Day 1 of their listings. Besides, they are trading 50-60% down from their 52-week highs.

Retail investors owned a 3.52 per cent stake in Zomato as of the March quarter, compared to a 1.6 per cent stake at the end of the December quarter, according to data from the corporate database AceEquity.

For Paytm, retail holding went up to 7.72 per cent in the March quarter from 3.49 per cent in the December quarter. FPIs cut their holdings by 494 basis points in this company as of the March quarter.

In the case of PolicyBazaar, the retail stake has gone up to 2.49 per cent from 2.12 per cent sequentially.

As per AceEquity data, the retail stake moved up to 2.66 per cent from 2.18 per cent, as per AceEquity data.

Meanwhile, the retail stake in CarTrade increased to 15.44 per cent in the March quarter, up from 14.79 per cent in the December quarter.