5/29/2023 0 Comments Paytm app discountPaytm’s debut on the bourses on Thursday disappointed investors with the country’s largest initial public offering (IPO), of Rs 18,300 crore, listing at a discount to the issue price. In the year to March, One97 Communications’ consolidated net loss was Rs 1,701 crore while the income was Rs 3,186.8 crore. The Street has been apprehensive of the valuation, deemed to be expensive, for a business that could take time to become profitable on a sustained basis. Paytm IPO had attracted a subscription of slightly less than two times.
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