question

The tech start companies like EaseMyTrip, Nazara, Zomato, CarTrade, Freshworks, Nykaa, Fino, Policybazaar, Paytm have garnered significant investor money via Initial Public Offerings (IPOs) in the Indian stock markets. However, the pricing set up by the investment bankers for these IPOs has seen major debate. After the dismal performance of Paytm IPO, the stock market regulator has sprung into action and trying to take steps regarding setting of issue price in share sale of new-age tech companies

Please go through the following assessment criteria

Section	Maximum Marks
Are tech startups overvalued/undervalued/valued (use examples from some recent IPOs)	10
Do normal valuation metrics work like P/E, P/B etc. in these companies or do investment bankers advocate other metrics (use some examples with data)	10
How to do you rate the role of SEBI in safeguarding interests of retail investors directly or through mutual funds in these IPOs? What are the latest actions taken by SEBI in this regard? Further, what policy recommendation will you give here.	10