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November 8, 2021 5:29:08 PM
IPO Guru (1000+ Posts, 1000+ Likes)
Phonepe & Googlepay are big competitors for Paytm. The valuation for this IPO is also kept high. But, we have to wait till last day to see QIB subscription levels and then decide by 2 PM. We don''t it could still list at premium on opening day. But, certainly there will not be much upside as it will be difficult to ride on just hype for longer time.
There has been massive decline in PayTM users since they have started charging fee on "Add Money" using credit card. All the retail shopkeepers prefer good old CASH or PhonePe for digital payments. Last time I used PayTM just to find covid vaccine slots.
Paytm boss Vijay Sharma visited Tirupati Balaji for his IPO success. But looks like this IPO is bound to be an epic flop due to overvaluation. See , one can not always party only on the basis of market hype. Paytm failure is Alibaba failure so good for India.
Tepid Response on day 1 till now. Nykaa Refund will flow to Latent. it will get more tougher for paytm on day 2 & 3. Hope gmp improves, else this will be like policy bazar subscription figure and not like zomato.
This is loss making one of chine partner company. it is also huge loss making company. I suggest clearly avoid it. Alibaba investment us high and this chines dragon company remove thier investment from this loss making company. Do not retail investor take part in this ipo and past is always show mega IPO amount never give returns like RPower....think twice and avoid
Even if Mamaearth/WOW voucher(Rs.350 off on purchase of Rs 999) offers . Even if you visit nearby mall Same item is already available with 35 % discount without no minimum purchase.
Clearly No Short term benefit. Long term definetly.
Profit shrinks with increase in revenue and Loss shrinks with decrease in revenue is a clear indication that company has not been able to build a business model where increase in revenue brings in more profit.
Two years ago I use to transact almost every fortnight on Paytmmall but now with better service and price, my transactions has come down to just once in six months or so.
To summarize do not see much gain in stock in short to mid term.
Also being the largest IPO among three simultaneous IPOs and higher valuations, it will fail to generate the enough subscription multiples to create enthusiasm among genZ and young flippers.
HNIs funding interest rates being at peak for last several weeks.....it will be interesting to note do HNIs increase their fund availability for IPOs and how much risk the self funded HNIs are ready to take considering higher % of allotment and low returns in the short term. Keeping my fingers crossed.
I will skip this IPO. These people are fooling retail investors. Guys, if market weakens after closure of this issue, it may give huge discount listing.