Ever since Paytm got listed, it has been in the headlines for some reason or the other. The most talked about thing is the huge loss incurred in its listing. On Friday, Paytm founder Vijay Shekhar Sharma spoke openly about Paytm's IPO and listing. According to Vijay Shekhar Sharma, the company has made many people earn money. However, when it came to listing, the results were not the same due to the lack of selection of the right banker. Vijay Shekhar said all these things on the occasion of India Internet Day 2024. Paytm's stock was listed in late 2021, since then the stock has lost more than half of its value.

Paytm helped many people earn money
 

Paytm founder has said that the reason for such a poor performance of the IPO is the wrong selection of bankers. To put it simply, he compared it with Infosys and said that during the time of N R Narayan Murthy, his driver earned Rs 1 crore. But when Paytm was listed, at least 20 people earned Rs 100 crore. (Paytm's issue had an offer for sale of Rs 10 thousand crore). According to him, Paytm's IPO raised a huge amount. However, if the bankers had given the right guidance, even better results could have been achieved today. Paytm's IPO was subscribed 1.6 times. However, a sharp decline was seen in the stock on the day of listing itself. Which kept increasing in the coming time How was the performance of the stock The stock may have been a loss-making deal for the IPO investors, but it is making some money for those who invested at lower levels. In Friday's trading, Paytm's stock closed at Rs 672, down by about 5 percent. At the beginning of the year, the stock was below 650. However, between February and May, the stock went below 350 and during this period the stock touched the level of 310. Now the stock has registered a gain of more than 100 percent from its low levels.