BSE asking for clarification is not common. The exchange has not specified what the "significant movement" is even as the stock has come to a fourth of the IPO price
Paytm’s valuation looks reasonable now, but business uncertainties still persist
Concern for Paytm is not just limited to its lofty valuation and lack of profitability
Paytm IPO: One97 Communications, Paytm's parent company, had recently filed its draft documents to raise Rs 16,600 crore via a public offering, which is expected to be India's largest IPO.
CRISIL Equities has assigned a grade 3/5 to the proposed initial public offer (IPO) of One97 Communications, which indicates that the fundamentals of the IPO are average relative to other listed equity securities in India, according to the research report dated March 18.