Days after the RBI’s strict action on India’s leading payment bank, the condition of Paytm stocks deteriorated hitting an all time low of Rs 672.10 a piece on Monday. Shares of One 97 Communications Ltd, the Paytm’s parent company, nosedived 13% on Monday to Rs 675 on the National Stock Exchange after the central bank barred Paytm’s payment bank from onboarding its new customers.

The stock of Paytm, which has been falling continuously after the IPO, remained in a bad shape. The company has been in constant loss ever since it entered the open market after the recent IPO.

On NSE, shares opened at Rs 675 a piece, down 12.9% from previous close while on the BSE shares opened at Rs 684, down 11.7% from Friday’s close. At 9:52 am, the shares of Paytm were trading at Rs 682.05 a piece on the BSE index, down to 11.9%.

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Days after the Paytm’s founder Vijay Shekhar Sharma’s arrest and bail, the company spokesperson said that there was no harm caused to any person or property in the said incident. He was arrested and released on bail by Delhi Police for allegedly ramming into a Delhi DCP’s car.

The payments bank, one of the better functioning businesses of Paytm, had shown 98% year-on-year growth in revenues of payments and financial services vertical in the quarter ended December.

Paytm, which was listed in the IPO last year in November, has come down nearly 70%. Its issue price was Rs 2,150, which has now come down to Rs 700. Overall, the investors of the IPO have lost about Rs 1,470 per share.

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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.

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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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Shares of Paytm on Monday dropped to Rs 1,155 ($15.6), the lowest since its market debut in November following the nation’s biggest-ever initial offering after a key brokerage house further cut its price on the payments stock.

Shares of Paytm parent One97 Communications fell more than 2% to a 52-week low after Macquarie Securities India suggested that the company’s future earnings growth may be worse than it had earlier forecast.

The stock dropped to Rs 1,201.25 on the National Stock Exchange on January 10 ahead of the market debut on November 18.

Paytm, which has been struggling to improve its stock price ever since its debut, opened at Rs 1,226 and dropped by 6% at 2.40 pm India standard time (IST).

The brokerage firm slashed its price target for the stock by 25% to Rs 900 from Rs 1,200 earlier, implying a further downside of 28% from the January 7 closing.

Macquarie’s pessimism for the company comes when the stock has already fallen more than 38% from its high of Rs 1,955 on November 18, which followed a disastrous debut on Dalal Street.

The brokerage cut its estimate for Paytm’s revenue by an average of 10% a year till 2025-26 due to lower distribution and cloud revenue.

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Paytm now expects Paytm’s revenue to grow at 23% in the next five years as against 26% earlier.

The Reserve Bank of India’s latest proposal to cap charges on digital payments could impact the company’s revenue significantly, the company said firm said.

The recent rejection of Paytm’s application for insurance broking also highlighted the risk that the fintech major faces in clearing regulatory hurdles.

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Paytm’s parent company One97 Communications’ share saw a rise of nearly 6% in early trade on Tuesday, after suffering a decline for 2 straight days. Paytm debuted on IPO on November 18, and since then the company was on a freefall until Monday.

Paytm shares were trading on the Bombay Stock Exchange (BSE) at Rs 1448.53, up by 6.50 per cent. While on the National Stock Exchange (NSE), Paytm shares were trading 6.72 % higher at the same time.

Even after the Paytm shares have gained in the early trade on Tuesday, investors are still sceptical about the company’s share. Because ever since the debut of India’s biggest IPO, the share prices have witnessed an only downfall. Debuted on Rs 2150 in the share market, Paytm’s shares are currently trading at Rs 1448.53, with a high of nearly 6.50% on November 23.

Earlier on Monday, Paytm’s shares continued to lose as the company’s stock fell almost 19% to 1271.25 on the Bombay Stock Exchange (BSE). Which gave Paytm a market cap of Rs 88,184.67 crore, compared to its IPO valuation of almost Rs 1.50 lakh crore. Paytm’s CEO Vijay Shekhar Sharma lost as much as Rs 50,000 crore in a single day Monday, including Sunday too.

Incorporated in 2000, One97 Communications is India’s leading digital ecosystem for consumers and merchants.

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The company sought a valuation of $20 billion through the public offer which is more than that of several Indian blue-chip companies. Paytm had fixed its IPO in a price band of Rs 2,080-2,150 per share.

Paytm was founded by Vijay Shekhar Sharma back in 2010. Initially, the platform offered the feature to only recharge other mobile devices. Thereafter, the company got listed as a quick payment method by Uber, which boosted the growth of the company. During the demonization in 2016, Paytm emerged as the digital form of currency, which boosted the growth of the company.

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Shares of India’s pioneering digital payments platform Paytm continued to decline for the second day in a row on Monday, tumbling nearly 14%. Shares fell as much as 17.97% on their second day of trading.

The stock fell more than 10% on Monday after the company made a weak market debut on Thursday. The Paytm shares were listed on Thursday at Rs 1,950, a discount of 9.3% to its IPO price of Rs 2,150, and closed at Rs 1,564.15, down 27%.

As per the majority of analysts, the shares of One97 Communications, the parent company of Paytm, could decline further this week after a weak market debut on Thursday. After a continuous decline in its share, Paytm’s IPO valuations have been a major concern for several analysts and investors.

Nearly 30% fell in Paytm shares from the IPO price affected individual investors and global institutions such as BlackRock Inc. and the Canada Pension Plan Investment Board that had scooped up shares.

The Paytm IPO with an issue size above Rs 1,000 crore saw the biggest crash on a listing day in the last 15 years of corporate history.

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The counter continued to bear a deserted look as the stock declined 13.66% to Rs 1,350.35 on BSE. On NSE, it tumbled 13.39% to Rs 1,351.75.

Ant Group-backed Paytm’s Rs 18,300 crore IPO, India’s biggest share sale, was oversubscribed 1.89 times earlier this month. This was greater than miner Coal India’s Rs 15,000 crore offer a decade back.

Incorporated in 2000, One97 Communications is India’s leading digital ecosystem for consumers and merchants.

The company sought a valuation of $20 billion through the public offer which is more than that of several Indian blue-chip companies.

Paytm had fixed its IPO in a price band of Rs 2,080-2,150 per share.

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Paytm founder and CEO Vijay Shekhar Sharma was in tears during his address at the Bombay Stock Exchange (BSR), on the company’s debut in stock market after the company emerged as the country’s biggest IPO worth Rs 18,300 crore, breaking the record held by state-run Coal India Ltd, which raised Rs 15,000 crore over a decade ago.

In videos, Mr Sharma can be seen wiping his tears as he addressed a gathering in a hall of the BSE. Speaking at the BSE, a teary-eyed Sharma said that it was the national anthem’s words ‘Bharat Bhagya Vidhata’ that made him emotional.

On the debut day of Paytm IPO on Dalal Street, Paytm CEO thanked those who helped him to change the fate of his company.

Here’s the video when Paytm CEO Vijay Shekhar Sharma got emotional on the company’s listing day.

Earlier in the morning, the company’s stock opened for trading at Rs 1950 on the National Stock Exchange (NSE), with a discount of approx 9% from its issue price of Rs 2150. Later, the shares of the company fell to Rs 1700, making it more than 20% down. The country’s largest IPO witnessed 1.89 times more demand than the shares on offer. On the Bombay Stock Exchange (BSE), Paytm opened for trading at Rs 1955.

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Shares of one 97 Communications, the parent company of India’s largest digital payment platform Paytm, made its debut in stock market on Thursday. Paytm emerged as the country’s largest IPO worth Rs 18,300 crore, breaking the record held by state-run Coal India Ltd, which raised Rs 15,000 crore over a decade ago.

The company’s stock opened for trading at Rs 1950 on the National Stock Exchange (NSE), with a discount of approx 9% from its issue price of Rs 2150. Later, the shares of the company fell to Rs 1700, making it more than 20% down. The country’s largest IPO witnessed 1.89 times more demand than the shares on offer. On the Bombay Stock Exchange (BSE), Paytm opened for trading at Rs 1955.

As the shares of India’s biggest IPO fell down by more than 20% on its opening day, investors shared some hilarious memes on Twitter. Let’s have a look at them.

The Paytm IPO opened for subscription between November 1 and 3. The digital payment company had fixed the issue price at Rs 2150 per share.

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Hailing from Lucknow, Uttar Pradesh, the company’s CEO Vijay Shekhar Sharma is an Engineering graduate and founded Paytm in 2010, as a platform for mobile recharges. The company gained a lot during the demonetization in 2016 and was the first choice for the users for online payments.

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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:

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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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