Zomato, PayTM, Nykaa – How traders misplaced massive time after these massive tech IPOs

New Delhi: A yr in the past, restaurant aggregator and meals supply agency Zomato launched its preliminary public providing (IPO), opening its shares to the general public for the primary time. The IPO acquired a heat reception from traders and was oversubscribed 38 instances – that means extra bidders had stakes within the firm than … Read more

Paytm share value: Paytm hits new low as Macquarie sees threat from Ambani’s monetary entry

Shares of One97, the father or mother of India’s main digital funds model Paytm, fell to a file low on Tuesday after analysts at Macquarie Group Ltd flagged the dangers of billionaire Mukesh Ambani’s entry into the monetary companies enterprise. Jio Monetary Providers Ltd. This “may pose important development and market-share dangers” to gamers corresponding … Read more

Paytm shares at all-time low; market cap beneath 2016 valuation

On BSE, Paytm inventory hit an all-time low of INR 476.65. Final week, the lock-in interval for Paytm’s pre-IPO buyers ended. Consequently, SoftBank, one of many firm’s main buyers, offered its 4.5% stake within the enterprise. Shares of fintech large Paytm touched their report low of Rs 476.65 on BSE throughout intraday buying and selling … Read more

A risky yr for listed unicorns Policybazaar, Paytm, Zomato, Nykaa, cumulatively quick by Rs 2 lakh crore

500 most respected corporations in india internet price Rs 226 lakh crore ($2.7 trillion)In keeping with the second version of ‘2022 Burgundy Pvt Hurun India 500’ listing launched by Axis Financial institution’s Burgundy Pvt and Hurun India on Thursday. Regardless of 191 corporations within the 2022 listing cumulatively shedding Rs 18.3 lakh crore in worth, … Read more

Paytm shares closed 7.72% greater because the brokerage turned bullish after administration highlighted a “massive” progress alternative

Shares of fintech giants ,Paytm, Shares ended greater than 7% greater on Friday after an analyst assembly in Mumbai the place administration highlighted a “big” progress alternative for its funds enterprise in India. Paytm shares hit a document low final week after the necessary lock-in interval for buyers ended. SoftBank—one of many firm’s early backers—offered … Read more

Paytm hits report low after Macquarie calls out dangers from Mukesh Ambani’s monetary foray 2022

Paytm has hit a report low after Macquarie took a threat off Mukesh Ambani’s monetary entry. Throughout the NSE buying and selling session on Tuesday, Paytm shares have been buying and selling 9.23% decrease at ₹487.45 per share. Paytm’s father or mother firm One97 Communications noticed its shares hit an all-time low on Tuesday after … Read more

Days after its IPO, buyers nonetheless query Paytm valuation Enterprise & Financial system Information

Over the weekend, Paytm guardian reported its first monetary outcomes as a public firm and noticed losses widening. Prime executives of India’s Paytm spent 90 minutes on a name with buyers and analysts on Saturday making an attempt to persuade them of the promise of the digital funds big’s enterprise mannequin after a tumultuous preliminary … Read more

As Paytm, Zomato Tank After Itemizing, 2 Tech Begin-Ups Delay IPO: Report

Many firms have postponed plans to convey their public gives. The increase in know-how preliminary public choices in India dangers stalling after a number of high-profile startups within the nation listed quickly. A slew of distinguished tech startups, together with Oyo Lodges and logistics supplier Delhivery, are pushing again their public debuts and getting ready … Read more

RBI asks Paytm to reapply for cost aggregator license

Bengaluru: The Reserve Financial institution of India (RBI) has requested to reapply for a cost aggregator license inside 120 days in response to its preliminary utility. Paytm Funds Providers Restricted (PPSL), a subsidiary of digital funds and monetary providers firm One97 Communications, is in search of a licence. One97 Communications advised inventory exchanges on Saturday … Read more