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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's parent company One97 Communications was listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. [9] For the fiscal year 2022–23, Paytm's gross merchandise value (GMV) was reported to be ₹ 13.2 lakh crore (US$160 billion). [10] [11] [12] [13]
Paytm is the latest member of India’s startup royalty to flame out. Edtech firm Byju’s was once India’s most valuable startup, worth $22 billion in late 2022, but the startup is now dealing ...
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]
Paytm posted a net profit of 9.28 billion rupees, its first-ever since listing in 2021. But that was mostly due to a 13.45-billion-rupee gain on the sale of its ticketing business to food delivery ...
The share of the urban subscribers is 66% and the share of the rural subscribers was 34%. In May 2011, the net monthly addition in terms of the number of subscriptions was 13.35 million. Of those, 7.33 million were from the urban segment and 6.02 million from the rural segment.
Paytm's parent, One97 Communications Ltd, will file a draft prospectus shortly after its extraordinary general meeting on Monday for a domestic IPO that seeks to raise $2.3 billion, sources ...