Press "Enter" to skip to content

Paytm Still Remains a Loss-Making Entity

New Delhi: Given the offer’s aggressive pricing and the fact that One97 Communications, the parent company of Paytm, still remains a loss-making entity, most analysts had expected a sub-par listing.

 

Paytm, the biggest initial public offer (IPO) in India so far debuted 9 per cent lower on Thursday at Rs 1,950 on the BSE and slipped 20 per cent to Rs 1700 levels as the trade progressed. The company’s Rs 18,300-crore offering, the biggest-ever in the domestic capital markets, had barely managed to sail through.On an overall basis, the issue was subscribed 1.89 times, with the institutional portion getting a subscription of 2.79 times and the retail investor portion 1.66 times. (Input: Agencies)

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *