Withdrawal of start-up IPOs take wind out of sails of unlisted market

Share prices, trading activity slump amid rising uncertainty for startup listings

In the case of Vedanta, the promoter entities have pledged their entire stake to raise funds
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The unlisted market has lost the excitement it witnessed a year backThe unlisted market has lost the excitement it witnessed a year back

Khushboo Tiwari Mumbai
The shelving of listing plans by well-known startups such as wearables brand Boat, online pharmacy PharmEasy, online automobile marketplace Droom Technology, has taken the wind out of the sails from the market for dealing in unlisted shares.

The volumes in the unlisted market have declined by 50-70 per cent along with heavy correction in the prices compared to a year ago level.

Prices in the unlisted market have taken a sharp beating with PharmEasy and Boat dropping their IPO plans, said people dealing in the segment. For others still in the pipeline like Ixigo and Oyo (Oravel Stays), the prices

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First Published: Nov 22 2022 | 6:25 PM IST

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