Paytm is another cartrade, both tanked due to very high valuations. In my view paytm will settle around 900 to 1000 in a few days time. Too much hype, too little profits.
Janta ko lutkar log Tirupati darshan ko jaate hai. Kam se kam retail me jyada subscription nahi tha ye khushi ki baat hai..lekin aise IPO me retail section puri tarah bharna nahi chahiye tha. Jin naye retailers ne paisa lagaya unke liye ek lesson hai. Aisa panauti IPO khud to duba hi aur saath me market bhi duba diya.
MF bhi retailers ja paisa hi lagate hain... Ultimately retailers have to bear loss from two sides.. direct exposure and via MFs
487.2. PSR| Link| Bookmark|
November 18, 2021 11:53:08 AM
IPO Guru (1300+ Posts, 700+ Likes)
Mr. DSR
Ultimately chief contributors to the economy are Farmers and daily wage laborers. In similar fashion, chief contributors for the Stock market is Retailers.
487.3. ipobull| Link| Bookmark|
November 18, 2021 11:56:44 AM
IPO Guru (1000+ Posts, 1000+ Likes)
@ AKY, Retail subscription bada issue ki wajah se kam dikh raha rai. Retail har issue ko over subscribe kartha hai. Demaak nahin lagata hai. Happy that the stock price is punished the way it should.
@DSR That''s why I don''t invest in mutual funds. agar aap apni job se time nikaal kar thoda stock market ko study kar sakte hai thoda research kar sakte hain to MF me kyu paisa lagana. Waise bhi ye 80s aur 90s to hai nahi jahan information pe kuch khaas logon ki monopoly thi. Aaj itne saare forums hai, kai genuine experts hai, gurus hai jo help karne ke liye ready rehte hai. Haa time nahi hai aur stress nahi chahte to fir MF me laga sakte hain.
@PSR..True.. retailers are the proletariat of the stock market. Now those big players and MFS who are sitting in their penthouses are right now laughing at us retailers.😅
@ipobull.. bilkul isliye to kai log khush bhi hai jinko anzaam pata tha.. Price girna jaruri tha. Yaha comments kar rahe jyadatar log wahi hai jinhone isme paisa nahi lagaya.😅
Samjhege log dhire dhire..abhi Bharat ki janta Japan aur America ke retailers jaise mature nahi hai.. time lagega par log sikhege dhire dhire.. issue price to dur pehle listing price pe hi pahuch jaye to badi baat hogi.
Millions of shares were traded in the first half an hour, most likely by Retail investors who thought 10-15% discount from IPO price was great, and Mutual Funds investing investors money to "Average" out their holdings (because it''s not their Money). There will be more people who will think it is a bargain and it will bounce back and buy it on Monday only to book more losses in the near term. This is an extremely over valued stock, so stop listening to bankers who want to sell you trash at the best possible price. This will continue to be a Trading stock, not an Investing stock. Don''t invest based on FOMO (Fear Of Missing Out).
All gyanchand, gyani pandit, tech specialist.. , etc etc are running for cover after paytm debut. It''s not first time they have misguided the forum, multiple times it happened in the past i.e.Kalyan jewelry , etc..
Paytm not only crashed on debut, it had also indirect impact on market crash...all HNIs have to sell out to cover the loss..
But with overall chittorgarh forum was against in applying the ipo. I hope many in the forum have not applied and avoided loss...
Let the people delete PayTM app. from their mobile. But they have pocketed Rs 10,000 cr. The greatest profits. People who have not applied in this will be happy. One should not apply in each and every IPO. But people will still apply. Best of luck to all in future.
Yes. The Pay TM IPO Bombed on debut. Lot of pundits have written off the share and asking people not to average it. While there must be good logic in this, i have a contrarian view. Would 122 QII (including FII) bet 3.83 crore shares @ 2150 amounting to 8234 crores without any basis? Will they let the ship tilt further and sink? Let us revisit after a few days!!!
FYI, QII/FII are not betting their hard earned money, nor their family inheritance. So, they have nothing to lose. That''s the worst way to analyze stocks.
For the past 6 months people were waiting for the correction.. and now markets are correcting people want a pullback.. so that they can exit at minimum loss or flat...
I''m hoping that today''s debacle is the nail in the coffin for what could be another debacle, if it happens - MOBIKWIK!
It has so called "marquee" investors - Sequoia, Abu Dhabi Investment Authority, Cisco, Bajaj Finance. Though some would say the investor list is fancy enough and reassuring enough for them to invest...well, take your call!
History made : In my opinion and to the best of my knowledge the History is made in week of 4 days. On the first day IPO of Sighachi, 125 cr. Issue listed at 252% plus and closed at upper circuit. On the last day IPO of PayTM,18,300 cr. Issue listed at 10% minus and closed at lower circuit of 20%. What a unique example of Share Market. I don''t think any body had thought of this greatness.
So Paytm valuation has come down from $20B to $15B! Still a deserving large cap stock, just crazily overvalued at $20B. Prospects are still good with small finance banking license next year and possibly Nifty inclusion. But it''s anybody''s guess how much market cap it will trade at - 15B, 10B, 8B?? (Don''t say anything less than that please!)
My latest bitter experience with paytm when they refused to make cash back @Rs.250/- for my two purchases of 2500/-each at Grofers Grand Sale despite fulfilling the conditions prompted me to avoid their ipo.
Here are few points for some new Retail investors. 1) If you hold Mutual Funds, you would''ve still lost money because Fund Managers use the investors money as if it''s their Dad''s inheritance 2) This is an extremely over valued stock even if it goes to sub-800, so don''t venture into "Averaging" 3) Avoid FOMO investing (Fear of Missing Out); 4) PayTM is not the leader in its market and will not be. There are government competition restrictions that don''t allow any new Payment/Fintech companies to capture more than 20% market share. PayTM is not close to even 10% of market and will likely only get worse as more players come in and Banks themselves are providing such fast mobile payment services. 5) Avoid Averaging, book your losses it will offset some of your Tax payments when you book profits in other stocks if you own.