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India regulator pushes for scrutiny of unprofitable IPO hopefuls

Volatile market puts brake on tech listings as blockbuster LIC offering looms

India's retail investors may be put off new listings by the recent slump in IPO stocks.   © Reuters

BENGALURU -- India's capital market regulator is advocating stricter scrutiny of companies planning to list their shares, particularly those in the red, amid the drubbing of technology stocks.

The combined market capitalization of Paytm, Zomato, Nykaa, Policybazaar and CarTrade, which all listed last year, has eroded by 42%, or 1.52 trillion rupees ($20.5 billion) since their debuts.

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