Thursday, Mar 30, 2023
Dec 15, 2021 Outlook Business Team Paytm stock was down 9.25 per cent to trade at Rs 1,357.15 at 9:57 AM. Interestingly, the stock was trading close to its record low of Rs 1,271.25 touched November 22, 2021.
Dec 13, 2021 Outlook Business Team 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.
The company in its first quarterly earnings report since debuting on bourses informed that its total revenue rose 69 per cent on a YoY basis to reach Rs 1,086.4 crore.
Nov 23, 2021 Outlook Business Team 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.
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.
Paytm refers to GMV as the value of total payments made to merchants through transactions on its app, through Paytm payment instruments.
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.
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.
Just in 2021, Dalal Street has seen around 46 IPOs, with Paytm, having an issue size of Rs 18,300 crore, triumphing over Coal India become India's biggest IPO in over a decade.
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.
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.
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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