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Investors suffer loss as soon as Paytm IPO is listed

Paytm IPO Listing: Under the country’s largest IPO, the listing of Paytm in the stock market on Thursday has been disappointing. Paytm had kept the price band for this IPO from Rs 2,080 to Rs 2,150 per share. 

The listing of its shares under the IPO of One97 Communications Ltd, the fintech startup company that runs digital payments company Paytm, has been disappointing. On Thursday, the shares of Paytm were listed on BSE at Rs 1955 and on National Stock Exchange (NSE) at Rs 1950. 

Around 10 o’clock in the morning, this share reached Rs 1777.50 on the BSE, breaking further. Similarly, it reached Rs 1776 on NSE. 

The company had expected to raise around Rs 18,300 crore from this. Paytm’s IPO was closed for investment on 10 November. The company had kept the price band for this IPO from Rs 2,080 to Rs 2,150 per share. 

Paytm was founded by Vijay Shekhar Sharma. Sharma, a native of a small village in Aligarh district of UP and son of a school teacher, is included in the list of billionaires of Forbes today.   

Biggest ipo

Paytm IPO is the biggest IPO ever in the country. Earlier, Coal India had brought IPO worth more than Rs 15,000 crore and Reliance Power Rs 11,000 crore in the market. Both the big IPOs that came earlier were from the energy sector. At the same time, Paytm IPO is completely IPO of technology sector company. 

Who sold how much stake 

Company’s founder Vijay Shekhar Sharma has sold his stake of up to Rs 402.65 crore in the OFS of Paytm IPO. At the same time, the existing investors of Paytm include Antfin (Netherlands) Holdings up to Rs 4,704.43 crore, Alibaba up to Rs 784.82 crore, Elevation Capital V Ltd up to Rs 64.04 crore, Siaf III Mauritius up to Rs 1,327.65 crore, Saif Partners sold stake up to Rs 563.63 crore, SVF Partners up to Rs 1,689.03 crore and International Holdings up to Rs 301.77 crore.

Significantly, IPOs are also an opportunity for ordinary investors to make money by investing in a company. Talking about the upcoming IPO this year, about 60 percent of the IPOs have benefited the investors

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