Paytm is a leading business conglomerate in eCommerce, digital payments, and financial services, with headquarters in Noida, India.
Paytm is a US$16 billion company as of 2020, with investors including Softbank, SAIF Partners, Berkshire Hathaway, Discovery Capital, Ant Financial, and others.
Paytm's initial public offering (IPO) began on November 8, 2021, and ended on November 10, 2021.
On November 18, 2021, the share was listed on the BSE and NSE stock exchanges.
While the IPO's issue price was INR 2,150 per equity share, it was listed at a 9.3 percent discount, or INR 1,955.
Paytm's misery did not end with its initial launch.
On November 22, the stock fell below the 1400-level, only to rebound to 1,798 the next day.
However, both investors and management have expressed concern about the company's bottom line.