Paytm IPO (2021)
Paytm launched India's largest IPO in November 2021, raising about ₹18,300 crore. The stock listed at a discount to its ₹2,150 IPO price and fell further as profitability concerns mounted.
Shares fell well below the IPO price in the months after listing.
Paytm's stock has remained depressed, becoming a cautionary tale for Indian fintech IPOs.
Moneyview faces the same question Paytm faced: can a digital lender sustain growth while maintaining profitability? If Moneyview's credit costs rise, its stock could follow a similar path.
