Trichromatic Posted November 18, 2021 Share Posted November 18, 2021 Quote Paytm's shares plunged as much as 26 per cent in a weak stock market debut on Thursday, a week after the country's biggest-ever initial public offering. The stock opened for trading at ₹ 1,950 on the NSE, marking a decline of 9.3 per cent or ₹ 200 from its issue price of ₹ 2,150. Paytm shares extended losses after opening as the stock fell as much as 28 per cent, from issue price, to hit an intraday low of ₹ 1,560. https://www.ndtv.com/business/paytm-ipo-listing-news-paytm-makes-weak-stock-market-debut-stock-falls-over-9-from-ipo-price-2615354 Link to comment Share on other sites More sharing options...
diga Posted November 18, 2021 Share Posted November 18, 2021 one can always buy on listing or after the price stabilizes if you believe in the business model... a recent one Paras defence IPO increased 5 times after listing nevada 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted November 18, 2021 Share Posted November 18, 2021 It’s not about the company. More like a correction. But market is bullish overall on Paytm. Whether it has the maturity, is another matter. Link to comment Share on other sites More sharing options...
velu Posted November 18, 2021 Share Posted November 18, 2021 @Trichromatic got allocation ? diga 1 Link to comment Share on other sites More sharing options...
R!TTER Posted November 18, 2021 Share Posted November 18, 2021 That fatty VSS is the biggest fraud after Sahara Link to comment Share on other sites More sharing options...
Mariyam Posted November 19, 2021 Share Posted November 19, 2021 9 hours ago, ravishingravi said: It’s not about the company. More like a correction. But market is bullish overall on Paytm. Whether it has the maturity, is another matter. Compared to the other recent IPOs, Paytm was only oversubscribed a little under 2x. Nykaa for instance was over subscribed 10x. And for the retail segment 30x+. Makes one wonder if the market is actually bullish on Paytm... nevada and Chakdephatte 2 Link to comment Share on other sites More sharing options...
rkt.india Posted November 19, 2021 Share Posted November 19, 2021 Paytm, a company that is yet to make profits. Link to comment Share on other sites More sharing options...
Chakdephatte Posted November 19, 2021 Share Posted November 19, 2021 (edited) 49 minutes ago, rkt.india said: Paytm, a company that is yet to make profits. The kind of business they are in, it is expected. And it does not mean the company itself is bad(though it is). Such companies target profit in long term. They must be targeting to be profitable in around 2030. The timing of IPO was just about right. Edited November 19, 2021 by Chakdephatte Sunil_narine024 1 Link to comment Share on other sites More sharing options...
Trichromatic Posted November 19, 2021 Author Share Posted November 19, 2021 47 minutes ago, rkt.india said: Paytm, a company that is yet to make profits. Same is the case with zomato. Link to comment Share on other sites More sharing options...
randomGuy Posted November 19, 2021 Share Posted November 19, 2021 Jan 2008 was start of market crash when rel power IPO was launched. That was the biggest IPO of that time iirc. nevada 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted November 19, 2021 Share Posted November 19, 2021 6 hours ago, Mariyam said: Compared to the other recent IPOs, Paytm was only oversubscribed a little under 2x. Nykaa for instance was over subscribed 10x. And for the retail segment 30x+. Makes one wonder if the market is actually bullish on Paytm... Its a function of multiple factors Yam. Cant compare different industries. Paytm has to prove its worth. But there is not doubt that they will have the market size. When can they start delivering profits is the question Mariyam 1 Link to comment Share on other sites More sharing options...
Bigg Brother Posted November 19, 2021 Share Posted November 19, 2021 Jack of all,master of none..2150 per share was too high, was going to crash anyway,everyone knew that. What will investors do now?? Link to comment Share on other sites More sharing options...
nevada Posted November 20, 2021 Share Posted November 20, 2021 On 11/18/2021 at 10:10 PM, velu said: @Trichromatic got allocation ? Response was lukewarm after the issue opened. Domestic institutions didn't show much interest either. That was the big signal to stay out. Luckily, the value of shares allotted on individual application is just 15k approximately. So this ensures that people dont lose too much money. Link to comment Share on other sites More sharing options...
nevada Posted November 20, 2021 Share Posted November 20, 2021 On 11/19/2021 at 10:09 AM, Trichromatic said: Same is the case with zomato. Zomato IPO size was also big. But they cleverly priced their shares at 76 Rs. Retail investors get tricked into thinking that a 76 Rs share us cheaper than a 2000 Rs share when in reality, the total value of shares they will get allotted us around the same. As of now, Zomato is gaining some buzz because of inclusion in MCSI index and its investments in potential to unicorns of the future. The people running the company seem to be smart and know how to keep up the stock. Maybe Paytm has some tricks to support their share price too, but we have to wait and watch. Chakdephatte 1 Link to comment Share on other sites More sharing options...
coffee_rules Posted November 20, 2021 Share Posted November 20, 2021 Old one velu and randomGuy 2 Link to comment Share on other sites More sharing options...
randomGuy Posted November 22, 2021 Share Posted November 22, 2021 https://m.economictimes.com/markets/stocks/news/market-movers-paytms-flop-show-invokes-bitter-memories-of-reliance-power/articleshow/87782466.cms Link to comment Share on other sites More sharing options...
randomGuy Posted November 22, 2021 Share Posted November 22, 2021 On 11/20/2021 at 11:19 PM, coffee_rules said: Old one Me and my brother often use this PP water ball reference from Jaspal Bhatti while joking in relation to share market and crypto market..... Jaspal Bhatti was ahead of his Times Link to comment Share on other sites More sharing options...
bharathh Posted November 23, 2021 Share Posted November 23, 2021 Flop Show is legend. My fav was the meeting one - where they have meetings to decide when to have the next meeting and the dog getting lost :) randomGuy 1 Link to comment Share on other sites More sharing options...
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