🧾 5 IPOs That Turned Dreams Into EMIs — Are Any Worth a Second Chance?

💸 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”

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