 "Paytm")
At least a dozen Indian companies working on initial public offerings are now under extra investor scrutiny following the disastrous debut of digital payments startup Paytm, the country’s biggest ever IPO.
Offerings on the radar include that of Oravel Stays Ltd., the operator of hotel-booking startup Oyo, which is looking to raise nearly $1 billion. Other sizable listings include API Holdings Ltd., the parent of online pharmacy PharmEasy, and logistics company Delhivery Ltd.
Planned smaller IPOs could have a harder time pricing shares if there is a reduced appetite for new listings. The shares of Paytm rival One MobiKwik Systems
