50% of November IPOs fall below their issue prices amid market crash

PB Fintech, Fino Payments Bank, SJS Ent, KIMS, Ami Organics, Zomato and Sansera Engg from the BSE IPO index were down between 6 per cent and 19 per cent in intra-day trade today

A sharp correction in equity markets have dragged half or four out of seven newly listed companies, that made stock market debut in November, below their respective issue prices.

One97 Communications, the parent company of digital payments major Paytm, fintech company Fino Payments Bank, auto ancillary firm SJS Enterprises, quick service restaurant (QSR) Sapphire Foods are now trading below their respective issue prices.

At 12:40 pm, the S&P BSE IPO index was down 3.7 per cent, as compared to 1.6 per cent decline in the S&P BSE Sensex. Fino Payments Bank, SJS Enterprises, Krishna Institute of Medical Sciences