Paytm IPO shares Listing : Shares of Paytm IPO GMP are trading in the gray market at a premium of Rs 2,180, or Rs 30 or 1.4 per cent, above the issue price of Rs 2,150. These prices have been steadily declining.
Mumbai, Nov 17: Investing in an IPO gives investors the opportunity to earn more in less time. This year, a number of IPOs have made investors wealthy. Some IPOs have doubled investors’ money in a short period of time. Paytm’s parent company One 97 Communications, which has been in the news for the past few days, is all set to go public with its IPO listing tomorrow (November 18). But as much as Paytm’s IPO has been discussed, it doesn’t seem to have had any effect. Investors may have been disappointed by the gray market premium (Paytm IPO GMP) before listing.
Paytm shares IPO listing : The country’s largest ever Paytm IPO worth Rs 18,300 crore was bid 1.89 times. The IPO opened on November 8 and closed on November 10. It received a bid of 2.79 times in the Qualified Institutional Buyer category and 1.66 times in the Retail Investors category.
Investors were eagerly awaiting Paytm Investors’ IPO but did not get the expected subscription. Paytm’s IPO includes fresh issue of shares worth Rs 8,300 crore and offer for sale (OFS) worth Rs 10,000 crore. In the Non Institutional Investors (NII) category, Paytm IPO was bid for only 24% of the shares.
However, after low subscriptions, investors’ hopes are now pinned on the listing of Paytm IPO. But the news from the gray market made them even more disappointed. The premium for unlisted shares of the company in the gray market is only Rs. In the gray market, Paytm’s stock is trading at a premium of Rs 2,180, or Rs 30, or 1.4 per cent, above the issue price of Rs 2,150. These prices have been steadily declining. On November 7, the stock was trading at Rs 2,300 per share in the gray market. This is Rs 150 or 7 per cent more than its issue price. It had come down to Rs 80 on November 8, the first day of the IPO, and to Rs 40 on November 10, the last day of the issue. Paytm’s gray market premium (GMP) has been steadily declining and is now around Rs 30. In my opinion, GMP has declined because the IPO has not received such a good response. Expectations from this IPO have been high for the last few months. This will ensure adequate supply in the secondary market at a discounted rate. And there are signs that GMPs are declining, said Gaurav Garg, head of research at CapitalVia Global Research.