From Khadim to S Chand & Co: 11 cos' market-cap slips below IPO issue size

There could be more pain in store for these stocks as analysts expect the markets to remain under pressure for some more time given the domestic and global developments

Coffee Day Enterprises, the parent company of India's largest coffee chain Cafe Coffee Day (CCD), has lost Rs 2,400 crore market capitalisation (market-cap) in past eight days after the its founder chairman V G Siddhartha passed away.

The stock is trading at Rs 77, the lowest level since its listing on November 2015, and has slipped 77 per cent from its initial public (IPO) price of Rs 328 per share. If the current trend sustains, there are chances that the market-cap, which now stands at around Rs 1,630 crore, slips below Rs 1,150 crore – the amount it had raised