![]() ![]() It is scheduled for listing on Thursday, November 18. Non-institutional investors' quota was subscribed only 24 per cent. The quota for qualified institutions was subscribed 2.79 times, whereas retail investors' portion was subscribed 1.66 times. The IPO was subscribed less than two times. ![]() It raised Rs 8,300 crore via issuance of fresh equity shares, and existing shareholders and promoters sold shares worth Rs 10,000 crore. The Rs 18,300-crore IPO of Paytm was open for subscription between November 8 and 10. Also, the company has not shown any significant performance in the financials and it is losing market share, adding to the woes," he adds. "The valuations of the issue were on a highly expensive side. Earlier, after realizing multifarious violated practices, Google has removed one of the Paytm apps from the Play store for violation of Google’s Play Store app policies. The weakness in Paytm contradicts the trend seen among recent startups such as PB Fintech and FSN E-commerce Ventures that have made fantastic Dalal Street debuts.ĭealers tracking the grey market say the ultra-expensive pricing, poor financials and muted growth prospects are the key reasons for the poor listing.Ībhay Doshi, co-founder, UnlistedArena, says Paytm is likely to be a flop show on debut, disappointing investors after coming out with India’s largest IPO. Paytm app News Update: Google re-inducted the Paytm app into the Play store after it withdrew the cashback feature from the recently launched game on the app. New Delhi: The shares of One97 Communications, the parent company of Paytm, is likely to defy the trend of startup listing pop and make a debut on discount, according to signals from the grey market.Ī day ahead of its listing, shares of Paytm on Wednesday exchanged hands at a discount of Rs 20-25 in the unofficial market, compared with its issue price band of Rs 2,080-2,150. ![]()
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