Paytm Share Price Journey

About Paytm Share Price Jouney

Established in 2010 under One97 Commutation Private Limited, Paytm is a digital payment and financial services company based in Noida founded by Vijay Shekhar Sharma. It also offers e-commerce services; ticket booking, hotel booking, bill payment, insurance, investment, banking, etc. Paytm was the very first company to provide wallet facilities in the country. Inspired by his visit to China, Vijay Shekhar Sharma started Paytm Wallet in 2010. The company got astonishing popularity and growth during demonetization in 2016. The Paytm app has 100+ million downloads on the Google Play Store. With the introduction of new competitors such as Phonepe, Google Pay, and Bharat Pe, the company is facing many challenges. In March 2022, the RBI barred Paytm from acquiring new customers, citing "material supervisory concerns." This resulted in a huge setback for the company in terms of business.    

Paytm Share price movement in the unlisted market ?

Despite the fact that the company was losing money, the Paytm shares were always in high demand in the unlisted market. In the unlisted market, the Paytm share price ranged from Rs. 8000 to Rs. 12,000 per equity share from 2018 to March 2021. The company's valuation ranged from $6.4 billion to $9.6 billion at the time. And if you look at Paytm's most recent fundraising round, which Softbank completed in 2019, its valuation was $16 billion. (Paytm) Therefore, compared to the previous valuation, it was considerably discounted on the unlisted market. When the business filed for an initial public offering (IPO) in June 2021, the market was booming and everyone anticipated that Paytm would be valued at $25 billion, or Rs.31,000 per share. Everyone then began purchasing on the unlisted market. The price increased on the unlisted market from Rs. 12,000 to Rs. 35,000. The split was then announced at a 10:1 ratio sometime between September and October 21. As a result, the price dropped from 35000 to 3500, and the number of shares increased from 1 to 10. One month prior to the IPO's launch, on October 21, FIIs began to pull their money out of the market, which caused the market to crash. The Paytm share price was therefore valued at $17 billion instead of $25 billion. Finally, the IPO share price for Paytm was Rs 2150. Many investors who purchased Paytm shares in the unlisted market at prices higher than Rs. 2150 suffered significant losses.

Paytm Share price movement in the listed market?

Paytm is the company most negatively hit among those in the tech-driven category. The Paytm stock debuted on the stock exchanges with a 9% reduction to its issue price of Rs. 1955, which was Rs. 2080–2150 per share in the IPO. Paytm shares reached a 52-week low of Rs. 510 in May 2022, wiping down about 75% of the company's market capitalization. The corporation is currently in a recovery period, which has been ascribed to the growth of the loan industry, gains in market share for digital payments, etc. Shares of Paytm are now trading for Rs. 695 per equity share as of the time of writing.