[mikeloh]

https://www.channelnewsasia.com/business...rs-2322331

MUMBAI :Indian digital payments firm Paytm tumbled 25per cent on its maiden day of trade on Thursday, with investors questioning its lack of profits and the lofty valuations it gained in the country's largest-ever IPO.

Despite fears that Paytm's market debut might be less than stellar, its steep plunge was astonishing, as shares changed hands at 1,614 rupees in afternoon trade versus the offer price of 2,150 rupees, valuing the firm at about US$14.2 billion.

Then shares hit the lower circuit limit of 1,564 rupees on the Bombay Stock Exchange, which restricts purchases by investors to only that price or higher.

[cityhantam]

https://thecapitalquest.com/2021/11/05/c...paytm-ipo/

CPPIB, ADIA, GIC, Temasek pitch in as anchors for Paytm IPO

A bunch of institutional investors including pension funds and sovereign funds have taken part in the anchor book allotment for the initial public offering (IPO) of One97 Communications Ltd, the parent of digital wallet and e-payment services firm Paytm.

Global public market investment goliath BlackRock led a commitment of nearly $200 million as part of the $1.1-billion (Rs 8,235 crore) anchor allotment. This makes it one of the largest anchor books for an IPO in India.

Among other prominent investors, Canadian pension fund CPPIB put in Rs 938 crore ($112 million), Singapore and Abu Dhabi wealth funds GIC and ADIA put in Rs 533 crore and Rs 56 crore and an investment firm associated with Temasek bought shares worth Rs 56 crore.

Several mutual funds and foreign portfolio investors also participated in the anchor allotment that closed ahead of Diwali due to the closure of trading sessions in the latter half of the week.

[starbugs]

All this doubts only appear immediately after IPO? These brokers and advisors are.obviously issuing the negative reports to short the stock.

[cityhantam]

The question now looming over the $3.5 trillion stock market is whether the optimism that drove IPO fundraising and the benchmark S&P BSE Sensex to record highs has gone too far.

“This kind of a plunge, frankly, has come as a surprise considering the euphoria surrounding the primary market,” said Yasha Shah, head of equity research at Samco Securities Ltd.

[pervertosan]

Amata…please dont jump from your flat….it’s only rupees…can recover if u work hard

[cityhantam]

Amata…please dont jump from your flat….it’s only rupees…can recover if u work hard

You should take care of Sgbutt who has fallen in love with India's stock market!

[ZhuPengGouYou]

You should take care of Sgbutt who has fallen in love with India's stock market!

How come Sgbutt and Amata like to play India counters? Are they from there?

[cityhantam]

How come Sgbutt and Amata like to play India counters? Are they from there?

Amata??? 

[pervertosan]

How come Sgbutt and Amata like to play India counters? Are they from there?

really?….i also suspected Amata was a huan na from Uttae Pradash….

Sgbutt is local i believe

[cityhantam]

https://www.bloomberg.com/news/articles/...t-day-flop
°

[cityhantam]

印度首富要跳进网贷大坑了！快来看戏！【懂点儿啥】

[cityhantam]

How much money has Tamasick and GIC invested in Paytm?

[ysh02]

Why TH don't invest in Singapore formal Mypay ?

[cityhantam]

Why TH don't invest in Singapore formal Mypay ?

India fever started by Woody Panjang!