Paytm Share Price: Paytm has disappointed its investors since its listing on the stock exchange in November 2021. According to a data now revealed, Paytm’s IPO has proved to be the worst performing IPO in the world in the last decade. On Thursday, Paytm’s stock closed at Rs 441, down about 80 per cent from its issue price.
According to Bloomberg data, if we look at the worst performing IPOs in a year of listing, the IPO of Spanish company Bankia SA was the worst performer in 2012 when its stock declined 82 percent from the IPO price in a year. Was. Paytm has joined the disappointing IPO after Bankia SA. Paytm’s share rate has fallen by 75 per cent in a year since its listing. According to the IPO price, the market cap of Paytm was Rs 1.39 lakh crore, which has come down to Rs 28634 crore. That is, investors have suffered a loss of Rs 1.10 lakh crore.
After Bankia SA and Paytm, the share price of United Arab Emirates company DP World has declined by 74 per cent, Hong Kong’s Bilibili by 7 per cent and New World Resources by 71 per cent since listing. Was.
If we look at the reasons for the fall in Paytm’s stock, Reliance Industries Chairman Mukesh Ambani is going to step into the financial sector through Jio Financial Services. Paytm is going to get a big challenge. Macquarie Group said in its report that there could be a big dent in the market share of Paytm. So on November 18, 2022, the lock-in period for big investors investing in Paytm ended, after which big investors are continuously selling Paytm shares. Huh.