paytm share Going to hit Dalal Street today as Paytm IPO will be listed on both NSE and BSE today. According to stock market experts, the public issue received low investor response and this can also be seen in its listing. He said that the share price of Paytm may have a ‘tepid’ start today.
According to stock market experts, if the market opens in a positive mood, then listing can be done at par, although in case of negative market sentiment, the issue can also open at a discount.
Its launch expected on Paytm’s share price; Abhay Doshi, Founder, UnlistedArena.com, said, “Paytm was the most trending IPO as they announced their IPO plans, but as a subscription issue, it received very poor response from investors due to costly pricing and losses. Membership figures indicate there is very little demand and this can be seen in its listing as well. I am expecting a flat listing and would not be surprised if the issue opens at a discount.”
What can be expected at Paytm IPO listing price; Abhay Aggarwal, Founder and Fund Manager, SEBI registered PMS Piper Serica said, “We are expecting a weak listing. Wouldn’t be surprised to see the stock trade below the issue price and remain there in the near future. While the company has created a well-known The brand name and its service is ubiquitous, the IPO pricing is quite aggressive, doesn’t leave much on the table for investors. Unlike Zomato and Nykaa, Paytm is in a very competitive space with the potential to grow profitably for a considerable period of time. A longer time frame. The IPO has received poor response from HNIs and we do not expect any aggressive buying even at a lower price.”
Flat listing of Paytm shares expected; Ankur Saraswat, Research Analyst, Trustline Securities, said, “This IPO has gained traction due to its loss-making business model, rich valuations, facing intense competition in the fintech environment and Gray Market Premium (GMP), amid weak market and global sentiments. Has not achieved the road’s intention. ) has just fallen significantly. 30 more listings will be almost flat 2180 each.”
“We expect 10 per cent listing gain for Paytm on Thursday. Market sentiment is not strong; EV/sales valuation is on the high end,” said Divam Sharma, co-founder, Green Portfolio.
Ayush Agarwal, Senior Research Analyst – Merchant Banking, Swastika Investmart Ltd said, “Since the bulk of the issue is OFS, we expect Paytm shares to be listed in a flat range with a negative close of -5 per cent to -10 per cent. Will be.”
What is Paytm IPO GMP Signaling?
According to market observers, Paytm IPO Gray Market Premium (GMP) is today 45, which is 75 above your yesterday’s minus price 30. Observers Said Paytm IPO GMP Today 45 indicates gray market expects Paytm share listing 2195 ( 2150+ 45), which is about 2 percent higher than its price band from 2080 2150 per equity share.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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