The shares of Paytm-parent One 97 Communications have recovered over 410% from a lifetime low in around two years, with investors now eyeing the stock’s IPO level which is around 36% away.
Paytm's IPO investors have awaited redemption since the fintech platform's weak market debut in November 2021, when shares listed at 9% discount over IPO price at Rs 1,955 apiece. The stock then tumbled over 84% to hit a peak low of Rs 310 apiece in May 2024 during the aftermath of RBI’s crackdown on Paytm Payments Bank, before beginning a sharp turnaround cycle.
