Out of 15 new-age tech companies that went public last year, eight are now trading below the issue price, Moneycontrol reported. These companies are PineLabs, PhysicsWallah, WakeFit, IndiQube, SmartWorks, WeWork India, ArisInfra and DevX. "The war in West Asia has taken everything down. So to that extent, these stocks are also down," said CapitalMind CEO Deepak Shenoy.