Paytm IPO Listing: The shares of Paytm, which brought the country’s largest IPO, have been listed on BSE and NSE today. They are listed on NSE at Rs 1950 and on BSE at Rs 1955. However, the indication of listing below the IPO price was already visible when it was shown to be settling at Rs 1955 on the BSE. The shares of Paytm were listed at 13.61 per cent below the IPO price at the time of listing and its market cap stood at Rs 1.20 lakh.
Know about Paytm’s IPO
The IPO of One 97 Communication Limited, the parent company of Paytm, the country’s largest digital payments company, was open for subscription between November 8 and November 10. The price band of Paytm’s issue was between Rs 2080-2150. Although this IPO was subscribed only 1.89 times, despite much discussion, which proved to be much less than the estimate.
What is the company’s plan
The company is working on the target of raising Rs 18,300 crore through this IPO and was expressing confidence of achieving this target through this IPO. After the listing of Paytm’s shares, its investors have suffered a big setback and for those who were expecting listing gains, this listing has not brought good morning.
Paytm shares are falling further with the move of the market
While the shares of Paytm failed to give listing gains, its shares are showing further decline with the move of the market. At present, the shares of Paytm are trading with a decline of 20 percent and as we told you yesterday that it was already seeing a huge decline in its gray market premium.
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