Market slump hits new-age stocks; many trade below IPO price

Stock prices of nearly half of the 15 new-age companies, which listed on the bourses since 2021 are trading below the stock price at which they went public — with firms such as Paytm, Delhivery and Mamaearth-parent Honasa Consumer being the top losers. While Paytm went public in 2021, Delhivery listed in 2022 and Honasa Consumer in 2023.