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Paytm recovered all cashbacks it gave all these years .Open down -10% from IPO Price

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Deal Subedar Deal Subedar
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Get funding, spend like anything to acquire and survive, get listed, transfer losses to the public… new mantra for the startups.

Pro Entertainer Pro Entertainer
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@kukdookoo lc bole to lower circuit... smile
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Generous Generous
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PP Waterballs IPO sunglasses

Deal Newbie Deal Newbie
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Yes. Over last 6 years I earned Rs 2000 cashback, but I lost Rs 8000 in IPO. Sold on day-2.

Deal Captain Deal Captain
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Indian payments firm MobiKwik will carry out an IPO later than initially planned, its CEO said, following the dismal market debut of larger rival Paytm earlier this month
https://www.reuters.com/world/india/exclusive-i...

Helpful Helpful
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Good move,
All were in queue to get 50%/100%/200% cashback stuck_out_tongue
But when Paytm got Minus cashback, Everyone is cautious laughing

Pro Community Angel Pro Community Angel
Moderator
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Paytm shares snap 3-day winning streak; stock tanks over 7%

Shares of One97 Communications, parent of Paytm, tanked over 7 percent after rising for three trading sessions back to back. Overall weakness in the broader market also weighed on Paytm’s shares. Nifty50 and Sensex both fell close to 2 percent today.
At 9:36 am, the stock was down over 3 percent at Rs 1,740.5 on the BSE, far-flung from the issue price of Rs 2,150. In this week, the stock has risen over 11 percent.

Ref: https://www.cnbctv18.com/market/stocks/paytm-sh...

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