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Paytm, once Indian startup royalty, is getting the brunt of it. ... Shares in One97 are down over 70% since its debut. ... or $60.4 million at current exchange rates. Paytm generated $55 million ...
However, that is still below Paytm's current price of about 727 rupees. And despite the near 6% jump on the day, the stock is still down about 4.5% since the RBI clampdown on Jan. 31.
Paytm shares climbed as high as 496.25 rupees but remained far below their level before Jan. 31, when the Reserve Bank of India (RBI) ordered Paytm Payments Bank to stop accepting new deposits in ...
The shares began trading on 18 November 2021, opening at ₹ 1,950 on the NSE, 9.3% below the upper band of the IPO price range, and closed down more than 27% at ₹ 1,560, [67] making it the biggest drop on a listing day in Indian IPO history. [68] In December 2021 Paytm launched Paytm Wealth Academy. [69]
The company's initial share sale aimed to raise ₹18,300 crore at a band of ₹2,080-2,150, valuing it at ₹1.39 trillion. [32] The company's IPO was subscribed 18% on the first day, having received bids for 8.742 million shares against the total issue size of 48.4 million shares.
Paytm Payments Bank (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida. [3] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. [4] [5] [6] In 2021, the bank received a scheduled bank status from the RBI. [7] [8]
Shares of Paytm, which had in May forecast a "meaningful improvement" in revenue and profitability from the second quarter, sank as much as 7.7% on Tuesday. And while Paytm got regulatory approval ...
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]