{"id":1479,"date":"2022-03-22T13:00:23","date_gmt":"2022-03-22T13:00:23","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1479"},"modified":"2022-03-22T13:00:24","modified_gmt":"2022-03-22T13:00:24","slug":"paytm-erodes-75-of-its-value-from-the-issue-price-of-rs-2150","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/paytm-erodes-75-of-its-value-from-the-issue-price-of-rs-2150\/","title":{"rendered":"PAYTM erodes 75% of its value from the issue price of Rs 2150"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>PAYTM one of the largest\ndigital payment platforms in the country and believed to be the most valuable\nstartup is having a hard time retaining its worth post its debut on the Indian\nstock market. <\/p>\n\n\n\n<p>After a lot of hustle over the Paytm IPO, as it was one of the biggest IPO in recent times, where it rose a whopping amount of RS18,300 crores, which consisted of a fresh issue of Rs8,300 crores and Rs10,000 crores under offer for sale. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"500\" src=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/Paytm-1024x500.png\" alt=\"\" class=\"wp-image-1480\" srcset=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/Paytm-1024x500.png 1024w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/Paytm-300x146.png 300w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/Paytm-768x375.png 768w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/Paytm-520x254.png 520w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/Paytm-800x391.png 800w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/Paytm-1188x580.png 1188w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/03\/Paytm.png 1485w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Paytm erodes 75% of its issue price<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>The fintech firm made\nits debut on the stock market on 18<sup>th<\/sup> November 2021<\/strong><strong><\/strong><\/li><\/ul>\n\n\n\n<p>The\nIPO was subscribed for 1.9 times. However, it fell drastically on the first day\nof its show in NSE. The Paytm share got listed at Rs 1929, down by 10.27% from its\nallotment price of Rs2150.&nbsp; Worse was yet\nto come, on the same day, Paytm hit the low of Rs 1560, and market capitalization\ncame down to Rs 70,418<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Macquarie India gave Paytm a rating of \u201cunderperform\u201d<\/strong><strong><\/strong><\/li><\/ul>\n\n\n\n<p>Paytm\nseems to be coming only under the cloudy sky as their share prices were already\nstruggling to regain their position, where the brokerage firm Macquarie gave\nPaytm a \u201cunderperform\u201d rating and reduced the target price from 1200 to 900,\nciting the weak business model\nof Paytm, as a major reason for downgrading.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>The third and seems\nfatal blow- Curbs imposed by apex bank RBI on Paytm<\/strong><strong><\/strong><\/li><\/ul>\n\n\n\n<p>Once\nclaiming the valuation of Rs1.03 lakh crore couldn\u2019t even sustain half of it\nand has come down to Rs35,000 crores. Paytm is currently trading at Rs544, down\nby 74.69% from the issue price of Rs2150. This crash in stock came when RBI has\nrestricted Paytm bank to onboard new clients, which also made the chances of\ngetting a banking license, weak. &nbsp;Further\nputting pressure on the prices is a fresh target price issue by the brokerage\nfirm Macquarie India to Rs450, just a week ago.<\/p>\n\n\n\n<p>Investors\nmust stay cautious before investing in Paytm, as the share is in a free-fall\nsituation and might go below Rs450 until there is some positive aspect in the\nbusiness happens.<\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 2,155<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1479\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">3    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>PAYTM one of the largest digital payment platforms in the country and believed to be the most valuable startup is having a hard time retaining [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/paytm-erodes-75-of-its-value-from-the-issue-price-of-rs-2150\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1481,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,2,10],"tags":[],"class_list":["post-1479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-market","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1479"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1479\/revisions"}],"predecessor-version":[{"id":1482,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1479\/revisions\/1482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1481"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}