February 4, 2023

Shares of Delhivery, the Indian logistics and provide chain firm, fell by 31 % final week on the again of reasonable progress outlook. Another new-age firms, like PB Fintech, fell too. Some fund homes that had purchased new-age know-how firms’ shares of their preliminary public choices (IPOs) are actually confronted with the dilemma of what to do with them: maintain for long-term prospects or exit and reduce losses. Listed here are the fund homes which can be nonetheless holding on to their shares

November 03, 2022 / 10:44 AM IST

Shares of the new-age firms that had been the darlings of many buyers as soon as have misplaced some sheen these days. Share value of many such firms greater than halved up to now yr. In contrast to the asset-heavy conventional firms, these new-age firms guess on progressive enterprise fashions that leverage know-how to boost their operations. Over the past two years, some gamers from the startup area went for preliminary public choices (IPOs) and listed with substantial premiums (besides Paytm and CarTrade Tech) on their debut on the bourses. Mutual funds, too, confirmed curiosity in just a few of those firms, betting large on their future prospects despite the fact that these firms reported destructive earnings numbers. “Their IPOs had been aggressively priced as a result of valuation cues from Nasdaq and the greed of promoters and early buyers. Major market buyers had been additionally grasping to earn cash on itemizing. However quickly euphoria in valuation waned and these shares continued to fall as a result of poor visibility of income progress and margins,” says Deepak Jasani, head of retail analysis, HDFC Securities. Right here is the listing of new-age tech firms (as categorized by Prime Database) that had been listed after January 2021 the place mutual funds pruned their publicity considerably over the interval. Return worth (%) for the shares was as of October 25, 2022. Supply: ACEMF

Easy Trip Planners Listing date: March 19, 2021 Listing day gain/loss (from offer price): 11% Industry: Tour, travel-related services Schemes that had notable exposure: Quant Active, Navi Large & Midcap and Navi ELSS Tax Saver Business profile: EaseMyTrip is an Indian online travel company founded in 2008. It provides hotel bookings, air tickets, holiday packages, bus bookings and white-label services

Straightforward Journey Planners
Itemizing date: March 19, 2021
Itemizing day acquire/loss (from supply value): 11%
Trade: Tour, travel-related providers
Schemes that had notable publicity: Quant Energetic, Navi Massive & Midcap and Navi ELSS Tax Saver
Enterprise profile: EaseMyTrip is an Indian on-line journey firm based in 2008. It offers resort bookings, air tickets, vacation packages, bus bookings and white-label providers

Nazara Technologies Listing date: March 30, 2021 Listing day gain/loss (from offer price): 43% Industry: Digital entertainment Schemes that had notable exposure: ICICI Pru Flexicap, Aditya Birla SL Small Cap and Motilal Oswal Dynamic Fund Business profile: Nazara Technologies is a leading India-based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets. It offers interactive gaming, e-sports and gamified learning ecosystems

Nazara Applied sciences
Itemizing date: March 30, 2021
Itemizing day acquire/loss (from supply value): 43%
Trade: Digital leisure
Schemes that had notable publicity: ICICI Pru Flexicap, Aditya Birla SL Small Cap and Motilal Oswal Dynamic Fund
Enterprise profile: Nazara Applied sciences is a number one India-based diversified gaming and sports activities media platform with a presence in India and throughout rising and developed world markets. It presents interactive gaming, e-sports and gamified studying ecosystems

Zomato Listing date: July 23, 2021 Listing day gain/loss (from offer price): 66% Industry: E-retail/e-commerce Schemes that had notable exposure: Mirae Asset Emerging Bluechip, Nippon India Small Cap and Franklin India Flexi Cap Fund Business profile: Zomato is an Indian multinational restaurant aggregator and food delivery company. Launched in 2010, its technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs

Zomato
Itemizing date: July 23, 2021
Itemizing day acquire/loss (from supply value): 66%
Trade: E-retail/e-commerce
Schemes that had notable publicity: Mirae Asset Rising Bluechip, Nippon India Small Cap and Franklin India Flexi Cap Fund
Enterprise profile: Zomato is an Indian multinational restaurant aggregator and meals supply firm. Launched in 2010, its know-how platform connects prospects, restaurant companions and supply companions, serving their a number of wants

CarTrade Tech Listing date: August 20, 2021 Listing day gain/loss (from offer price): -7% Industry: E-retail/e-commerce Schemes that had notable exposure: ICICI Pru Technology, DSP Equity Opportunities and HDFC Large and Mid Cap Fund Business profile: Cartradetech.com is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Its platform operates under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. Through these platforms, it enables customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles

CarTrade Tech
Itemizing date: August 20, 2021
Itemizing day acquire/loss (from supply value): -7%
Trade: E-retail/e-commerce
Schemes that had notable publicity: ICICI Pru Know-how, DSP Fairness Alternatives and HDFC Massive and Mid Cap Fund
Enterprise profile: Cartradetech.com is a multi-channel auto platform with protection and presence throughout automobile varieties and value-added providers. Its platform operates beneath a number of manufacturers: CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz. By these platforms, it permits prospects, automobile dealerships, automobile OEMs and different companies to purchase and promote their automobiles

FSN E-Commerce Ventures Listing date: November 10, 2021 Listing day gain/loss (from offer price): 96% Industry: E-retail/e-commerce Schemes that had notable exposure: ICICI Pru Flexicap, UTI Flexi Cap and SBI Magnum Equity ESG Fund Business profile: Incorporated in 2012, Nykaa, the consumer technology platform operated by FSN, delivers a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care and fashion products, including its own products

FSN E-Commerce Ventures
Itemizing date: November 10, 2021
Itemizing day acquire/loss (from supply value): 96%
Trade: E-retail/e-commerce
Schemes that had notable publicity: ICICI Pru Flexicap, UTI Flexi Cap and SBI Magnum Fairness ESG Fund
Enterprise profile: Included in 2012, Nykaa, the buyer know-how platform operated by FSN, delivers a content-led, life-style retail expertise to customers. The corporate has a various portfolio of magnificence, private care and vogue merchandise, together with its personal merchandise

PB Fintech Listing date: November 15, 2021 Listing day gain/loss (from offer price): 23% Industry: Fintech Schemes that had notable exposure: Mirae Asset Emerging Bluechip, Invesco India Contra and Franklin India Prima Fund Business profile: PB Fintech is the leading online platform for insurance and lending products providing access to insurance, credit and other financial products. It is India’s largest online platform for insurance (PolicyBazaar) and lending (Paisabazaar) products leveraging the power of technology, data and innovation

PB Fintech
Itemizing date: November 15, 2021
Itemizing day acquire/loss (from supply value): 23%
Trade: Fintech
Schemes that had notable publicity: Mirae Asset Rising Bluechip, Invesco India Contra and Franklin India Prima Fund
Enterprise profile: PB Fintech is the main on-line platform for insurance coverage and lending merchandise offering entry to insurance coverage, credit score and different monetary merchandise. It’s India’s largest on-line platform for insurance coverage (PolicyBazaar) and lending (Paisabazaar) merchandise leveraging the ability of know-how, knowledge and innovation

One97 Communications Listing date: November 18, 2021 Listing day gain/loss (from offer price): -27% Industry: Fintech Schemes that had notable exposure: Mirae Asset Focused, Aditya Birla SL Frontline Equity and Mirae Asset Emerging Bluechip fund Business profile: One 97 Communications-owned Paytm is India's leading digital ecosystem for consumers and merchants. Paytm offers payment services, commerce and cloud services, and financial services to consumers

One97 Communications
Itemizing date: November 18, 2021
Itemizing day acquire/loss (from supply value): -27%
Trade: Fintech
Schemes that had notable publicity: Mirae Asset Targeted, Aditya Birla SL Frontline Fairness and Mirae Asset Rising Bluechip fund
Enterprise profile: One 97 Communications-owned Paytm is India’s main digital ecosystem for customers and retailers. Paytm presents fee providers, commerce and cloud providers, and monetary providers to customers

Delhivery  Listing date: May 24, 2022  Listing day gain/loss (from offer price): 10%  Industry: Logistics solution provider  Schemes that had notable exposure: SBI Equity Hybrid, SBI Focused Equity and Mirae Asset Midcap Fund  Business profile: Founded in 2011, Delhivery is a logistics and delivery company in India. It offers various services like heavy goods delivery, express parcel delivery, truckload freight, cross-border express, supply chain solutions, supply chain software and freight services.  Disclaimer: Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Delhivery
Itemizing date: Could 24, 2022
Itemizing day acquire/loss (from supply value): 10%
Trade: Logistics resolution supplier
Schemes that had notable publicity: SBI Fairness Hybrid, SBI Targeted Fairness and Mirae Asset Midcap Fund
Enterprise profile: Based in 2011, Delhivery is a logistics and supply firm in India. It presents numerous providers like heavy items supply, specific parcel supply, truckload freight, cross-border specific, provide chain options, provide chain software program and freight providers.
Disclaimer: Moneycontrol.com advises customers to examine with licensed consultants earlier than taking any funding choices.

Dhuraivel Gunasekaran

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