Paytm IPO - Listing Day 1 Performance

Paytm IPO - Listing Day 1 Performance

by 5paisa Research Team Last Updated: Dec 12, 2022 - 09:25 pm 48.2k Views
Listen icon

One97 Communications (Paytm) had a tepid listing on 18th November and listed at a discount of -9.3%, and closed the day sharply lower. While the stock did attempt a bounce during the day, it failed to hold on and just kept falling. With overall subscription of just 1.89X and weak trading interest in the GMP market, the listing was expected to be weak.
 

Here is the One97 Communications (Paytm) listing story on 18-Nov.


The IPO price was fixed at the upper end of the band at Rs.2,150 despite a limited 1.89X subscription. The price band for the Paytm IPO was Rs.2,080 to Rs.2,150. On 18th Nov, the stock of One97 Communications (Paytm) listed on the NSE at a price of Rs.1,950, a discount of -9.3% on the issue price of Rs.2,150.

On the BSE also, the stock listed at Rs.1,955 a steep discount of -9.07% on the issue price.

On the NSE, One97 Communications (Paytm) closed on 18-Nov at a price of Rs.1,560, a first day closing discount of -27.44% on the issue price. On the BSE, the stock closed at Rs.1,564.15, a first day closing discount of -27.25% on the issue price.

On both the exchanges, the stock not only listed below the IPO issue price but closed Day-1 at a deep discount as sellers piled onto the stock.

Check - Paytm IPO - Subscription Day 3

On Day-1 of listing, One97 Communications (Paytm) touched a high of Rs.1,955 on the NSE and a low of Rs.1,560. The stock closed at the low price of the day. On Day-1 of listing, the One97 Communications (Paytm) stock traded a total of 239.55 lakh shares on NSE amounting to value of Rs.4,086.99 crore. On 18-Nov, Paytm was the most active share on NSE by traded value.

On the BSE, One97 Communications (Paytm) touched a high of Rs.1,961.05 and a low of Rs.1,564. On BSE, the stock traded a total of 10.06 lakh shares amounting to value of Rs.172.46 crore.

It was the fourth most active share on the BSE in terms of trading value.

At the close of Day-1 of listing, One97 Communications (Paytm) had a market capitalization of Rs.101,400 crore with free-float market cap of Rs.8,112 crore. Overall, it was a disappointing listing performance for Paytm on 18th November.

Also Read:- 

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

Grey Market Premium of Paytm IPO

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

oda_gif_reasons_colorful

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Weekly Market Outlook for 4th March to 8th March

In the week gone by, Nifty traded with higher volatility as the index corrected during mid-week upto 21860, but it then witnessed a smart recovery to register new record high and the index ended the week just below 22400 with weekly gains of three-fourth of a percent.

Best EV Stocks in India 2024

As India shifts to a greener future, the electrically powered cars and trucks market will rise significantly in 2024. This article investigates the best EV stocks in India, highlighting firms leading the way in innovation, sustainability, and market capitalization.

Best Banks in India 2024

Navigating the many options for banking services becomes a crucial task for both individuals and enterprises as we enter the Indian financial scene in 2024. The top banks in India provide a wide range of services that extend beyond traditional banking, serving as cornerstones of the country's financial stability. These best banks in India offer individualized client care and state-of-the-art digital solutions that reflect the changing needs of the financial industry.