Paytm's early investors clock returns despite lacklustre listing

One97 Communications, the operator of India’s largest fintech platform Paytm, recorded a disappointing market debut on Thursday, after raising funds in the country’s biggest IPO.

The stock, which listed at a steep discount of 9%, hit the lower circuit of 20% half an hour before the closing bell. The shares ended at Rs 1,564.15 apiece, 27.25 % below the issue price of Rs 2,150.

The company’s market cap settled at $13.6 billion, lower than the $16 billion valuation it commanded at its last private fundraising in November 2019. Its early backers, including SoftBank, Ant Group, Alibaba and Elevation Capital, still made money from the listing.


Here’s a look at who was worth how much after Paytm’s listing.

Also Read: Paytm's wobbly debut may hit upcoming tech IPOs in India