Sources said regulations prevent any company from using IPO proceeds for a share buyback.
Is it an attempt to talk up the stock, or is it because there’s no path to profitability in sight? For what value is there in an exit when the stock is more than 70 percent down.
As newer companies aim to improve the usage of financial services, India is at the forefront of a fintech revolution, says Purohit.
Profit seems to be passé, but healthy growth in key operating metrics in FY22
Paytm's IPO, back in November 2021, was the biggest IPO in a decade. Since its listing, the Paytm stock has cracked more than 65%, of which 20% erosion has come in the last few days. So, what’s wrong with Paytm? We tell you 5 reasons why investors have lost faith in the stock.
Tatas were looking to raise up to $ 5 billion as they go about building a 'super app' which will help it compete with the likes of Amazon and Reliance Industries' Jio Platforms.
The new-age companies trade based on projections, and not the past performance. There are a lot of assumptions to be proved, unlike projections of traditional companies which have a proven business model
Paytm’s poor listing is a good reminder that investors should care more about fear of loss than fear of missing out
Concern for Paytm is not just limited to its lofty valuation and lack of profitability
Drawing parallels with Tesla, Sharma reminded employees that the electric vehicle maker’s stock used to be the among the most-shorted in the world. However, he also highlighted how Tesla took years to become one of the most recognised brands globally.
In today’s edition of Moneycontrol Pro Panorama: Global debt Black Hole, the faltering farm reforms, oil flexes muscles, why Repco Home clicks and more
In one of the country's largest IPOs ever, online payments firm Paytm got listed for $2.2 billion at a valuation of around $20 billion. The company will use the net proceeds from its fresh issue for growing and strengthening the Paytm ecosystem, and investing in new business initiatives, acquisitions, and strategic partnerships, besides general corporate purposes. Listen to Founder Vijay Shekhar Sharma talk about the journey going forward.
The Rs 18,300-crore public issue of Paytm’s parent company One97 Communications, the largest ever in India, was subscribed 1.89 times.
Paytm shares are currently traded at Rs 2,170-2,180 each in the grey market against its final issue price of Rs 2,150 per share.
Paytm IPO | One 97 Communications, which launched the largest ever public issue of Rs 18,300 crore in the Indian capital market, is set to debut on the bourses on November 18 in what will be the 49th listing of 2021
Paytm IPO | Paytm shares traded at the lowest premium in the grey market among the IPOs that are traded in the grey market now.
Paytm shares traded at the lowest premium amongst IPOs that are currently trading in the grey market.
With the Rs 18,300-crore share sale, the Paytm IPO has become the largest fintech IPO in the Asia Pacific region.
With the Rs 18,300-crore share sale via Initial Public Offering (IPO), Paytm IPO has become the largest fintech IPO in the Asia Pacific region.
While Paytm, the third-largest UPI player is far behind the leader PhonePe, the D Street-bound company enjoys a large share in overall payments made by individuals to merchants. Paytm would rather have transactions routed through its own end-to-end platform than depend on NPCI’s platform.
Paytm IPO: Harsha Goenka lauded Vijay Shekhar Sharma for how far he has come from his humble beginnings, thanks to his hard work and perseverance.
I expect the euphoria around Paytm to continue during the listing and even after that. In the long term, execution of the exponential projections would be critical to keeping this as a long-term bet in your portfolio, says Sonam Srivastava of Wright Research.
Patym is well-positioned to benefit from the exponential 5x growth in mobile payments between FY2021 and FY2026 to $3,065 billion which will help drive its topline growth.
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