Paytm IPO Listing Day Strategy: The allotment of the country’s largest IPO has been finalized yesterday (November 16) and now the listing of Paytm’s shares in the market is also expected this week. Paytm’s record Rs 18,300 crore IPO received 1.89 times the bids. However, a fall in its gray market premium and weak demand from non-institutional investors (NIIs) has left investors confused. Investors are getting confused as to whether it will be right to sell its shares after listing or should hold for long term? The listing of its shares can be done on Thursday, November 18.
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This is the strategy of the expert regarding the listing
- Vishal Wagh, Head of Research, Bonanza Portfolio, is positive about the listing of Paytm shares and believes that about 30 per cent of the listing gains could be passed on to IPO investors. The portion reserved for NIIs has not been fully subscribed but Wagh is positive about the company’s growth. Wagh believes that the market sentiment may improve in the coming trading days but he has advised investors that if there is a rise of more than 30 per cent against the issue price of Rs 2150, then it is a good idea to book profits.
- Before the opening of Paytm’s IPO, its gray market premium was around Rs 150, which has now come down to just Rs 30. In view of this, Akhil Rathi, Vice President, Advisory, Marwari Shares and Finance, believes that it may have a flat listing, that is, investors do not see the possibility of getting some special listing gain.
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- According to Vinod Nair, Head of Research, Geojit Financial Services, the company is not likely to make profits for the next two to three years. Terming Paytm’s valuation as costly, Nair said, “How can one be advised to invest in a company which does not see any profit margins in the coming years as well?” According to Nair, Paytm is yet to prove its future growth plans in terms of valuations.
- According to AR Ramachandran, co-founder and trainer, Tips2Trades, new investors should wait for the correction after the listing of Paytm shares. Investors who have been allotted its shares should book profits after listing and can reinvest after a price correction of at least 15-20%.
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How to check allotment status through Link Intime India
- Investors can check the IPO status section of the Link Intime India website at https://linkintime.co.in/MIPO/Ipoallotment.html after the allotment is finalised.
- After reaching this page, select the IPO whose allotment status is to be checked.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected, then select Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
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Check allotment like this on BSE website
- Investors can check allotment status at https://www.bseindia.com/investors/appli_check.aspx.
- Select Equity and select IPO from the drop down menu.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
(Article: Kshitij Bhargava)
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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