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After a disastrous debut, Paytm can see further downside
Paytm's business model lacks focus and direction and achieving scale with profitability is a big challenge.
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Mega issue, disaster debut: Paytm lists at 9.30% discount
Shares of Paytm’s parent One97 Communications opened at Rs 1,950 apiece on the NSE and at Rs 1,955 on the BSE.
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Paytm IPO subscribed 1.89 times
The issue received bids for 9.14 crore shares as against 4.83 crore shares on offer.
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Paytm says it may consider Bitcoin offerings if it becomes fully legal
The price band of the issue has been fixed at Rs 2,080-2,150 per share with a face value of Rs 1 per share.
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Should you apply to Paytm’s IPO at such expensive valuations?
Shares of One97 Communications are quoting at Rs 2,290 per share in the grey market marking a premium of Rs 140 or 6.51%
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Paytm IPO to open on November 8: Here's all you need to know
Paytm IPO opens on November 08 and closes on November 10. The fintech has fixed the price band at Rs 2,080-2,150.
