![]() ![]() The incident in Uttarakhand's Kedarnath raises questions about the safety of tourists and pilgrims who ride such drug-fuelled horses. Paytm IPO: GMP, share allotment, listing date details here 1 min read, 10:30 AM IST Livemint Paytm IPO: The finalization of share allotment is likely to take place next week on. WATCH: Horse forced to smoke weed enroute Kedarnath temple aircraft carrier since the end of the Vietnam War. The visit of the USS Ronald Reagan is only the third for a U.S. US aircraft carrier Ronald Reagan to make rare port call in Vietnam amid South China Sea tensions As the host, Kumar presided over the meeting attended by Congress president Mallikarjun Kharge and Rashtriya Janata Dal chief Lalu Prasad, among others The meeting was hosted by Bihar Chief Minister Nitish Kumar of the JD(U) and Deputy Chief Minister Tejashwi Yadav of the RJD. Opposition Meeting: Smriti Irani thanks Congress for realising it can't defeat BJP alone ![]() ![]() It occurs in about 1 in 500,000 live births and less than 200 cases have been reported in medical literatureĬong, AAP spar on first Opposition unity meet in Patna, next confab in cooler climes of Shimlaīihar Chief Minister Nitish Kumar said details of seat sharing and party-wise split will be finalised in the next meeting that will be taking place in July in Himachal Pradesh's Shimla Paytm shares ended 27 per cent lower at Rs 1,560.'Fetus in fetu' condition: Nagpur man carrying twin inside not firstįetus in fetu is an extremely rare condition in which malformed fetus is found most commonly inside a twin. Its IPO has also minted hundreds of new millionaires in a country where per capita income is below $2,000. Paytm's success has turned Mr Sharma, a school teacher's son, into a billionaire with a net worth of $2.4 billion according to Forbes. The company grew quickly after ride-hailing firm Uber listed it as a quick payment option in India and its use swelled further in late 2016 after shock ban on high-value currency notes boosted digital payments. Last week's rally of 13.5 came after global brokerage firm BofA Securities upgraded the stock to a buy rating from neutral, with a revised target price of INR885, citing strong revenue momentum, potential operational leverage upside and limited competition. Paytm garnered interest from 122 institutional investors who bought more than 3.83 crore shares for Rs 2,150 apiece, according to a regulatory document dated November 3.Įngineering graduate Vijay Shekhar Sharma founded Paytm in 2010 as a platform for mobile recharges. Paytm's shares have risen over 80 since hitting a 52-week low of INR438.35 on 23 November. Paytm IPO: The companys move to file its Draft Red Herring Prospectus (DRHP) with Sebi comes days after its shareholders approved its plans to raise Rs 12,000 crore through a fresh issue of shares. Paytm allocated shares worth Rs 8,235 crore to more than 100 institutional investors, including the government of Singapore, ahead of the country's largest stock market listing. Paytm's IPO consisted of a fresh issue of Rs 8,300 crore and an offer for sale (OFS) by existing shareholders worth Rs 10,000 crore. "Achieving scale with profitability a big challenge," the note said, calling the company a "cash guzzler". On the BSE, Paytm stock opened for trading at Rs 1,955.ĭespite the dip in Paytm shares on debut the company clocked the valuation of over Rs 1 lakh crore.Īnalysts pointed at Paytm's expensive valuations as the reason behind the fall in stock price on its first trading session.Īnalysts at Macquarie Research said in a note to clients that Paytm's business model lacked "focus and direction" and initiated coverage with an underperform rating. Paytm's Rs 18,300 crore IPO, which was the country's largest, was subscribed 1.89 times last week. ![]()
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