Paytm stocks returned to green as they ended 8.4 per cent higher on Friday after witnessing a steady fall for a considerable period.
More millennials are turning investors, shows the Paytm Money report. High-risk products, as well as exchange-traded funds (ETFs), favourites among them
HDFC Mid-Cap Opportunities Fund sold all Paytm shares and HDFC Balanced Advantage reduced exposure to the company significantly according to December portfolio data.
Paytm Was The Biggest IPO by Size in 2021, But Sigachi Industries Saw Maximum Gains On Market Debut And Latent View Was Subscribed The Most. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions.
Paytm Mall, which was founded in 2016, achieved unicorn status in 2018 after raising funds from SoftBank and others. It competes with Amazon, Flipkart and Snapdeal.
One97 Communications Ltd, the parent company which owns and operates the brand Paytm, had recorded a GMV of Rs 72,800 crore in the corresponding period a year ago.
Despite facing severe losses, Paytm will turn profitable by March 2026 says the analysis of a brokerage firm. The analysis report also mentions that the business model of Paytm is sustainable since it is the most impactful and real-economy internet business.
Various Indian companies are planning to raise more than $1 billion combined from initial public offerings in December. Companies waiting in the queue include MedPlus, Vedant etc.
Paytm-owner One97 Communications posted its maiden result post listing last week, reporting an expansion in revenue on the back of growth in payments and financial services. What does this mean for investors?
The Gurugram-based fintech startup had filed its draft papers for a Rs 1,900 crore IPO in July, which was approved by market regulator Securities and Exchange Board of India (Sebi) in October.
While Paytm shares have shown positive growth in the early trade today, however, it remains to be seen whether the digital payment firm will be able to sustain the volatility in the market.
In an interview to Moneycontrol, the BharatPe founder said the failed listing could end the frenzied cycle of IPOs in the country. Moreover, the impact of this failed listing could potentially spiral out to the upcoming IPOs this financial year, including that of state-insurance company, LIC India.
On NSE, it tumbled 13.39 per cent to Rs 1,351.75. On Thursday, the company’s made a weak market debut and tumbled over 27 per cent from the issue price of Rs 2,150.
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.
On November 18, the shares of One97 Communications Ltd, Paytm's parent company, plummeted 27 per cent in their market debut.
While next-gen companies offer promise citing their newly-found utility, several analysts suggest that the companies need to be given time before their financial books are able to reverse the profitability woes.
Recent research by the online business publication, Moneycontrol revealed that at an issue price of Rs 2,150 per share, mutual funds invested a total of Rs 1,050 crore.
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.
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
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