What is the grey market price of Paytm?

Shares of the fintech company, which recently concluded the country’s largest-ever initial public offering, on Wednesday traded below the issue price of ₹2,150 a piece in the grey market, suggesting investor appetite has dimmed before the listing.

What price will Paytm be listed?

The stock listed at ₹1,950 per share on the NSE, a 9\% discount as compared to its IPO issue price of ₹2,150 apiece. On BSE, Paytm shares started trading at ₹1,955 per share with market capitalization above ₹1 lakh crore.

What is grey market price in share market?

Grey market premium is nothing but the price at which the shares are being traded in the grey market. For instance, let’s assume the issue price for stock X is Rs 200. If the grey market premium is Rs 400, it means that people are ready to buy the shares of company X for Rs 600; (i.e. 200+400).

What is expected price of Paytm IPO?

Nearing the closing bell, Paytm shares hit 20\% lower circuit to sit at Rs 1,564 per share, down 27.26\% from the IPO price of Rs 2,150 apiece. Paytm’s Rs 18,300 crore IPO is the largest IPO ever to hit Dalal Street.

Is Paytm overvalued?

“Considering Paytm’s heavily cash-burning business model, no clear path to profitability, large regulatory risks to the business and questionable corporate governance, we believe the company is overvalued at the upper end of price band of 2,150 rupees,” analysts Suresh Ganapathy and Param Subramanian wrote in the note.

Is Paytm loss making company?

Paytm has drawn in equity capital of Rs 190 billion since inception, of which 70 per cent (Rs 132 billion) has gone towards funding losses. The business generates very low revenues for every dollar invested or spent towards marketing.

Is Paytm publicly traded?

Warren Buffett-Backed Paytm Stock Collapses After India’s Largest-Ever IPO. Shares in Paytm dropped 27\% Thursday in the group’s first day as a publicly traded company, after the fintech startup caught the attention of investors around the world in India’s largest-ever initial public offering.

Can we buy in grey market?

Yes, the seller has to pay short term capital gain on the actual profit he made by selling the shares in the stock market. How can I buy and sell in the Grey market? As the grey market doesn’t have any regulatory authority, individuals can choose their own buyers/sellers on a personal basis.

Can I buy Paytm IPO?

Paytm’s public offer comprises a fresh issue of equity shares aggregating up to Rs. 8,300 crores and an offer for sale of equity shares aggregating up to Rs. 10,000 crores from existing shareholders. Worth Rs….Paytm IPO Closed.