The IPO market is a bubble, a big one at that, says Abhishek Basumallick, Chief Investment Advisor at Investment Capital
The price band of the issue has been fixed at Rs 2,080-2,150 per share with a face value of Rs 1 per share.
The comment comes ahead of company’s Rs 18,300-crore IPO
Paytm IPO opens on November 08 and closes on November 10. The fintech has fixed the price band at Rs 2,080-2,150.
The company expects to hit the bourses by the end of this month and is planning to skip the pre-IPO share sale rounds to fast-track listing.
Vinit Bolinjkar of Ventura Securities spoke to Money9 on what is causing this correction.
Credit score: There are five main factors evaluated when calculating an individual's credit score.
Paytm Cashback Dhamaka: The festival started from October 14, where users can win cashback for money transfers, online, offline payments or recharges
'TataNeu' is expected to have separate business verticals such as grocery, pharmaceuticals, education, finance, and beauty
So far, in 2021, as many as 40 companies have floated their IPOs to raise Rs 64,217 crore.