PAYTM FLOP LISTING
Why group buying has flopped in India; firms seek clarity on proposed data storage rules
Under this model, companies sell products at much lower prices to customers, provided they place orders as a group. Chinese internet firms such as Pinduoduo elevated group buying to a fine art, racking up hundreds of millions of users.
Winemaker Sula to test IPO market after tech unicorns flop
The winemaker is looking to go public at a time when IPOs have dried up in India, as in much of the world, amid concerns of a recession. Young retail traders who helped drive the local stock market over the past couple years have been burned in recent months by plunges in high-flying tech unicorns such as Zomato Ltd. and Paytm parent One 97 Communications Ltd.
Sebi tightens IPO valuation scrutiny, jolts startups eyeing listings
India's push comes after the flop listing of SoftBank-backed payments firm Paytm's $2.5 billion IPO in November which sparked criticism of lax oversight of how loss-making companies price issues at what some say are lofty valuations.
Paytm founder rues IPO timing; crypto players unite for self-regulation
Today, as Paytm’s share price hit an all-time low, its founder Vijay Shekhar Sharma said the lukewarm IPO and disastrous listing were simply down to bad timing.
Swiggy’s Instamart push; 8i Ventures eyes larger second fund
The capital commitment comes at a time when ultra-fast grocery delivery has become highly competitive with a slug of investor capital coming into the buzzy segment.
Paytm just got its first ‘Buy’ rating after IPO flop
Paytm’s “super app” has emerged from a pure “want” category to reach to the “need” status, Dolat analysts, led by Rahul Jain, said.
Paytm just got its first ‘Buy’ rating after listing flop
Dolat Capital has set for Paytm a target price of Rs 2,500, which is 16% higher than the issue price of Rs 2,150. The brokerage expects the company to turn profitable by March 2026.
Paytm’s IPO flop may embitter millions of retail investors
Retail investors, who bought an unprecedented amount of shares in Paytm’s parent One 97 Communications Ltd., have seen more than 35% of their value wiped out in just two trading sessions. Further losses may be in store if the stock slumps from its Monday closing price of 1,359.6 rupees to the 1,200 rupees predicted by Macquarie Group Ltd.
Paytm shares extend declines after listing flop, market cap nearly halves
Paytm’s share price fell as much as 18.72% intraday to Rs 1,271.25 on the BSE before paring some of the losses to end the day 13.03% lower at Rs 1,360.30. The market cap stood at Rs 88,184.67 crore.
IPOs that crashed and burned
Paytm’s disastrous stock market debut—where its share price tanked 27.4% from its issue price—shares similarities with listing day performance of Deliveroo, Robinhood Markets, Uber and Lyft.
Paytm's flop show may raise questions on IPOs planned by MobiKwik and OYO
"It will take three to four months for people to forget Paytm and that it destroyed wealth," said Jimeet Modi, founder of Mumbai-based brokerage Samco Securities.
Paytm shares hit lower circuit on debut after biggest Indian IPO
Shares of Paytm parent One97 Communications listed at a steep discount to its IPO price and then hit a lower circuit of 20% half an hour before closing bell. Macquarie has rated the Paytm stock at 'underperform' with a price target of Rs 1,200.
Paytm will come good, says Sharma; Poor listing may affect all startups
Paytm's business model isn't as simple as selling a phone or delivering food, its founder Vijay Shekhar Sharma told us after the company made a disappointing debut on India's stock exchanges on Thursday.
Paytm’s first-day flop eclipses those of Robinhood, Uber
Paytm’s nightmare debut eclipsed by some margin the worst US listing flops by companies that raised a similar amount in their IPOs.
Market Movers: Paytm's flop show evokes bitter memories of Reliance Power
Whether Paytm’s IPO will become a harbinger of bad times like RPower remains to be seen, but it sure should deflate the bubble in India’s IPO market till LIC comes knocking next March.
Paytm's nightmare listing eclipses worst US flop debuts of similar size
Its day-one nightmare even eclipsed the worst trading debuts ever by US firms that raised at least $2 billion in their IPOs.
Grey market signals muted listing for Paytm today
On Wednesday, a day ahead of its listing, shares of Paytm parent firm One97 Communications exchanged hands at a premium of just Rs 20-25 over the final issue price of Rs 2,150 on the gry market.
Zomato’s $500m bet on Grofers, Sebi's missive on IPO ads
Zomato, which has twice tested—and aborted—its own grocery delivery service since the start of the pandemic, is now in talks to invest up to half-a-billion dollars in Grofers.
Grey market expects flat Paytm listing; Trifecta gets $101M for 3rd fund
One97 Communications, Paytm’s parent company, is likely to have a muted debut on India’s stock exchanges, bucking the trend set by startups like Zomato, Nykaa and Policybazaar, which had stellar listings.
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