November 8, 2021 - November 10, 2021

Paytm IPO Review & Recommendations

Anand Rathi, Arihant Capital Markets Ltd, Canara Bank, Reliance Securities and InvestorGain.com have given "Apply" recommendation to Paytm IPO. Dilip Davda has given "May Apply" recommendation to Paytm IPO. Ashika Research, Axis Capital, Axis Securities Limited, Capital Market, ICICI Direct, Multi-Act Equity Consultancy Pvt Ltd and Religare Broking Limited have "Neutral" view about the IPO. Macquarie Research recommend to "Avoid" the IPO.

Paytm IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	5	1	7	1	0
%	35.71	7.14	50.00	7.14	0.00

Paytm IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
Arihant Capital Markets Ltd	Apply
Ashika Research	Neutral
Axis Capital	Neutral
Axis Securities Limited	Neutral
Canara Bank	Apply
Capital Market	Neutral
Dilip Davda	May Apply
ICICI Direct	Neutral
Macquarie Research	Avoid
Multi-Act Equity Consultancy Pvt Ltd	Neutral
Reliance Securities	Apply
Religare Broking Limited	Neutral
InvestorGain.com	Apply

Paytm IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Paytm IPO is 43. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	43	Avoid, however active risk seekers can try

Paytm IPO Review by Dilip Davda (May apply)

[Dilip Davda] No doubt this company is a mega player in the digital ecosystem segment and has a lion share, but its top line has remained almost static for the last three fiscals and has been incurring losses for all these years and may remain in red in the near term too as per statements on page 38/39 of RHP. It has huge carried forward losses and negative earnings. Thanks to premiums collected for placements that have helped this company to post positive NAV. Issue pricing is with a negative P/E. Its market cap of Rs. 1.39+ lakh cr. raises eyebrows. However, considering madness seen for Unicorn and high tech sector companies in the recent past is perhaps indicating changed sentiment for investment parameters. On all fronts, this issue is exorbitantly priced discounting all near term positives. Of late many new entrants have entered this space and raised a threat. Hence cash surplus/risk seekers only may consider an investment with a long term perspective, others can ignore it. Read detail review...

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