Owned by One97 Paytm IPO (Initial Public Offering) got 189 percent subscription in three days of bidding from 8 to 10 November 2021. public issue price The ‘not so encouraging’ response was received from 18,300 crore bidders and this also affected the gray market. Paytm shares are available at a premium 30 today in gray market, which shows the parity of Paytm IPO.
Paytm IPO GMP
According to market observers, Paytm IPO Gray Market Premium (GMP) is today 30, and it remains unchanged from yesterday evening’s gray market premium. He said that the IPO of Paytm was gray market price yesterday morning. 55 and it went down 30 Because the response of the bidders with respect to the public issue was not much improved. He said Paytm’s IPO is below GMP from level 130 30 in just one week which shows the listing of the public issue.
What does this GMP mean?
Market observers said the gray market premium reflects the listing gains expected by the gray market. paytm ipo gmp today 30, which simply means that the gray market is almost expecting Paytm IPO listing 2180 ( 2150+ 30), which is almost equal to Paytm’s IPO price band from 2080 2150 per equity share.
However, stock market experts said that the gray market is not the only criterion to estimate the listing profit in respect of a particular public issue. He advised investors to look at the financial position of the company as it gives a solid picture of the business.
Speaking on Paytm Fundamentals; Saurabh Joshi, Research Analyst, Marwari Shares and Finance Ltd. said, “Looking at the sale of TTM (June 2021) 31,420 Million on a post issue basis, the company is going to be listed with a Market Cap of Rs 44.36 on Market Cap / Sales 13,93,788 million There is no listed company in India whose business is comparable to that of the company.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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