Tuesday, Jul 05, 2022
Nov 21, 2021 Outlook Business Team Shares of One97 Communications, the parent firm of Paytm, listed at a 9 per cent discount on the bourses on November 18, debuting at Rs 1,955 per share.
Nov 18, 2021 Outlook Business Team In an interview to NDTV, he said this is the first time in history that Indians are creating technology for Indians which has the potential to be further exported. He said the company would now have to do a better job in explaining the model.
Paytm-owner One97 Communications India’s biggest initial public offering (IPO) failed to impress investors as Paytm shares listed at 9 per cent discount and closed at a price of Rs 1,560, 27.40 per cent below the offer price.
Nov 18, 2021 Outlook Business Team The Zerodha co-founder,Nikhil Kamath suggested that investors should not invest too much into these new-age companies as these are driven by mass-hysteria and look to diversify.
The digital fintech firm’s shares extended losses after opening as the stock fell as much as 26 per cent, from issue price, to hit an intraday low of Rs 1,586.
According to industry experts, the current market pattern indicates a sell-on-rise opportunity and the weakness seems to have gathered strength in the last couple of sessions.
Investors are curious to know whether they have been allotted shares of IPO or not. Paytm IPO, if successful, will become the largest initial public offering in the country.
CarTrade Tech, Easy Trip Planners and nine more IPOs of new age companies in 2021 had 100 percent Offer for Sale (OFS) translating to transfer of risk from rich individuals to retail public.
With Rs 18,300-crore share sale, 350 current and ex-employees of Paytm will now have a worth of at least Rs 1 crore.
A flood of IPOs has hit India’s stock markets recently. Nykaa, Paytm, Policybazaar are some of the well-known names that opened in November. Big daddy LIC is slated to hit the market soon. Do your due diligence before investing.
As per data available on the exchange at 1.47 PM, Paytm IPO has been subscribed 1.33 times so far, with the QIB tranche being 1.88x subscribed.
Paytm’s parent One97 Communications’ IPO, which will remain open from November 8 to 10 at a price band of Rs 2,080-2,150 per share, is likely to list on November 18.
Madhur Deora, the Chief Financial Officer at Paytm, said the bitcoin is still in a regulatory grey area if not a regulatory ban in India. At the moment Paytm does not do Bitcoin.
Digital firm One97 Communications, which operates under Paytm brand name, is set to come out with it Rs 18,300-crore IPO on November 8.
Paytm stated that it planned to raise Rs 18,300 crore from the IPO, inclusive of Rs 8,300 crore from the issuance of fresh equity and Rs 10,000 crore from an offer for sale (OFS).
Paytm Insuretech (PIT), which is the unit of Paytm, plans to leverage the digital firm's customer base and merchant ecosystem to develop innovative insurance products.
The sources informed the news agency that the digital transactions platform expects to debut on the stock by the end of October and is planning to skip the pre-IPO share sale rounds to fast-track listing.
Additionally, the RBI imposed a penalty of approx Rs 27.8 lakhs on Western Union Financial Services (WUFSI) for non-compliance with provision laid out in the Master Direction on Money Transfer Service Scheme (MTSS Directions) dated February 22, 2017.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.
PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.
PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.
PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.
PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.
PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
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