Paytm IPO

Paytm IPO got listed yesterday and it was talk of the told both before listing and after.

Before listing, VSS spoke during the listing ceremony at BSE and he become bit emotional, someone starting a company from scratch and listing is surely a big deal. But the markets had a different view on the company and the price at which it came for IPO.

Paytm IPO created history both on the positive and negative side. It was so far the largest IPO in the Indian Stock Market history, something to cheer about. Also, it saw the biggest loss on the Listing day, closed at negative 27% downward freeze ( no buyers ).

While people were discussing about its losses on the Listing day and also the Interview the Management had with the famous TV channel. On the other side, lot of Mutual fund investors were furious that how some of the well known Asset Management Companies have made some investments in this High Priced IPO.

Though the amount of investment done in this IPO is negligible comparing the Scheme AUM, they were questioning the logic behind subscribing this IPO.

Happy Investing!

RaVi

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