Shares of digital mobile payment platform giant One 97 Communication were listed on the stock market today. The listing of Paytm in the stock market has made many investors cry. The company had kept its share price band from 2080 to 2150 during the IPO. The company’s shares were listed in front of him only at Rs 1950. In this way the company opened with 9 percent discount according to its price band and all the investors lost at least 200 to 300 rupees per share.
Even after listing, the share price was continuously decreasing. In 1950, the open share gradually came down to 1650 and due to this the company’s shares are running low by about 25 percent, it is being estimated. Let us tell you that the market cap of Paytm has been 1.16 lakh crores, whereas before listing it has been 1.48 lakh crores. However, the most important thing after all this is that the company was not able to reach the price of its price band.
Experts estimate that there may be further cuts in the stock of the company and the share price may go up to 1200. Because regulation and competition is a major concern before the company. Let us tell you that Paytm’s IPO is the biggest IPO in the country so far and the company has collected new 8300 equity shares for this while the rest of the shares were sold to promoters and existing shareholders. Everyone is upset due to the weak listing of the company after the allotment. In front of him was seen in new startups such as PB Fintech and Nykaa.