Now it broke 1700. It is really strange and its time to questioning of SEBI and other agencies like lead managers. How they set IPO price either it goes more than 25, 50, 100, 200% more or goes down in same trend. The company must issue bonus shares to original share holders or refund money over loss of 10%
Surely SEBI needs to have better framework for IPO valuations.
Everything in Stock market depends on demand and supply. We are all responsible for the IPO valuations to reach ridiculous level by justifying the investment in IPO only on the basis of GMP which is nothing the outcome of DEMAND.
When investors don''t accept the ridiculous, companies will automatically come down to lower valuations if they really want to raise money.
From the paytm perspective, they have been extremely successful in getting ridiculous valuations from market. Now we the IPO investors will spend days if not weeks to manage our GREED.
421. ipobull| Link| Bookmark|
November 18, 2021 10:47:12 AM
IPO Guru (1000+ Posts, 1000+ Likes)
Gyani baba is going wrong nowadays. Beware. Apply your own brain.
420. CSK| Link| Bookmark|
November 18, 2021 10:46:06 AM
Top Contributor (300+ Posts, 500+ Likes)
Drifting toward 1200. Payment will get support in that range. Panic selling happening..
Now 1700. What will be fair value of this stock? Frankly speaking I don''t know what PayTM offers. They are into everything but quite useless in most. I stopped using PayTM after having much better experience with GPay and Amazon.