Paytm Share Price Today NSE, Paytm Share Price Target: Shares of Paytm’s parent company One97 Communications Ltd extended losses by over 10 per cent in early trade on Monday. Trading on NSE started at Rs 1,509 and ended at Rs 1,402 (10.15%). Similarly, the share price was trading higher by 10.5 per cent at Rs 1,400 on BSE.
Paytm Share had started in a weak market and declined over 27 per cent from the issue price of Rs 2,150 on November 18. The stock, listed at Rs 1,950, registers a decline of 9.30 per cent against the issue price. The stock closed at Rs 1,560, down 27.44 per cent.
The stock listed at Rs 1,955 on the BSE, down 9 per cent from the issue price. During the day, it closed at Rs 1,564, down 27.25 per cent. It closed at Rs 1,564.15, down 27.24 per cent.
Ant Group-backed Paytm IPO of Rs 18,300 crore was oversubscribed 1.89 times. This was higher than the Rs 15,000 crore offer from minor Coal India a decade ago. Paytm witnessed a sluggish response and subscribed only 1.89 times from investors, which was much lower than the recently listed companies.
Paytm had fixed its IPO in the price band of Rs 2,080-2,150 per share. Incorporated in 2000, One97 Communications is India’s leading digital ecosystem for consumers and merchants. It provides a wide range of services, including payment services and financial services.
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