In the list of widely used things in today’s time, online money transaction and memes come on top. As the gen-z rules go, memes do not spare anything at all. Be it the UPSC Mains 2021 Essay paper meme flood, or memes on Paytm shares dropping to all time low, one can find these memes rounding the internet faster than supposed hellfire.

These memes are spreading under #Paytm on Twitter. In one tweet, the user says that if the shares keep dropping at this rate, he might end up buying Paytm. Another tweet mocks Paytm CEO with Bollywood film No Entry’s famous dialogue “Thoda neeche thoda neeche bolke kitna neeche leke aagaya”.

In another tweet, a meme template from Bollywood film Gangs of Wasseypur that says “Aur kitna beijjat karoge beta”, meaning how much more will you embarrass me, son?

On Monday, January 10, 2022, shares of Paytm dropped to all time low to Rs 1,115 ($15.6). This is the lowest the company shares have gone since its debut in November. As the shares of Paytm parent One97 Communications also saw a striking fall, it has been predicted by Macquarie Securities India that the future earnings growth of the company might be worse than the previous forecast.

Read Also: Paytm: Here’s how to make digital payment without internet connection from Android, iPhone

This is actually not the first time that One97 Communications and Paytm’s stocks have seen such a downfall. From a high of Rs 1,955 on November 18, 2021, the stocks fell down more than 38 per cent. This was surely one hell of a debt on Debut Street.

Due to decreasing distribution and cloud income, which has only partially been offset by increasing sales from payment operations, the brokerage cut its revenue projection for Paytm by 10% each year through 2025-26. According to Macquarie, Paytm’s revenue in the next five years will grow at 23 per cent, instead of 26 per cent.  

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The share sale of Paytm’s Rs 18,300 crore share through Initial Public Offering (IPO) has been opened for subscription today. The price band of Paytm’s share has been set at 2,080-2,150 per share.

When will Paytm’s IPO remain open?

Paytm’s IPO will remain open from November 8 to November 10.

What are the minimum and maximum bids that a retail investor can bid for?

The retail investors can bid for a minimum of one lot of six shares and the maximum is 15 lots.

How can a person apply for IPO on Paytm Money?

A person can easily apply for IPO on Paytm Money in just a few simple steps:

Step 1: You need to log in to Paytm Money App

Step 2: Now, you need to click on the IPO section on the home screen.

Step 3: In the next step, you need to apply for the IPO that is open for applications.

Step 4: Now, apply for the IPO that is open for applications.

Step 5: You need to add details for bidings, like amounts, quantity and more.

Step 6: Now, you need to enter your UPI id to make the payment.

Apart from this, you can also make an investment through your bank, here’s how:

Read Also: Five years of demonetisation: A quick look at how it affected the economy

The option to invest through the bank is open between 5 am and 11 am on the bank’s official website.

Step 1: You need to log in to your bank’s net banking account.

Step 2: Now, you need to go to the investment section and select the IPO option.

Step 3: Now, you need to fill in the investment and bank account details to complete the verification process.

Step 4: In the next step, you need to select the IPO you want to apply for.

Step 5: Now, enter the number of shares and bid price.

Step 6: After reading and accepting the terms and conditions, you can click on the submit application option.

According to Refinitiv data, 157 companies including Oyo Hotels, Nykaa, Policybazaar raised around $17.22 billion through IPOs this year as of October 31.

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