💸 India’s Biggest Wealth Destroyers in Dmat Clothing
Published by EduInvesting.in | May 2025
“IPO toh lottery hai”
— Retail Investor, moments before lifelong regret
There was a time — circa 2021-2022 — when IPOs were the new Tinder.
You swiped right on anything with a DRHP.
Zomato? Swipe.
Nykaa? Swipe.
CarTrade? Who cares, swipe!
Then came the heartbreak — and the EMIs.
Let’s revisit 5 IPOs that promised champagne but delivered Chyawanprash — and ask the big question:
Is any of them worth betting on… again?
1. 💄 Nykaa — “Beauty with Blunders”
| 📊 IPO Price | 📈 Listing High | 💥 Crash Low | 🚀 Now |
|---|---|---|---|
| ₹1,125 | ₹2,300+ | ₹115 | ₹170 |
Backstory:
Nykaa came to Dalal Street like a lipstick influencer on launch day.
The listing doubled. Everyone screamed “D2C is the future.”
Then:
- Lock-in expired
- Promoter offloaded
- Profit vanished in “brand building” expenses
Now?
Margins improved. Revenue stabilized. Retail is back. But
stock is still doing skincare slowly.
🧠 EduInvestor Verdict:
✅ Hold for long-term glow-up. D2C is still relevant — if they stop burning cash like a nightclub in Ibiza.
2. 🏦 Fino Payments Bank — India’s Most Forgettable IPO
| 📊 IPO Price | 📈 Listing High | 💥 Crash Low | 🚀 Now |
|---|---|---|---|
| ₹577 | ₹621 | ₹190 | ₹245 |
Backstory:
Most investors applied thinking this was a “digital bank.”
Turns out it’s more like a prepaid mobile recharge counter.
- High distribution costs
- Limited scale
- No clear digital moat
Now?
Minimal revival. Still flatlined. No mass adoption, no buzz, no hope.
🧠 EduInvestor Verdict:
❌ Forget second chance. This one needs reincarnation.
3. 🚘 CarTrade Tech — Platform? Yes. Investment? Maybe not.
| 📊 IPO Price | 📈 Listing High | 💥 Crash Low | 🚀 Now |
|---|---|---|---|
| ₹1,618 | ₹1,610 | ₹330 | ₹600 |
