The much-hyped fintech player One97 Communications which operates Paytm had a disappointing debut on the bourses on Thursday. Its shares listed at a discount of 9.05% to its issue price of Rs 2,150. The stock opened at Rs 1,950 on the National Stock Exchange (NSE) and at Rs 1,955 on the Bombay Stock Exchange (BSE). On this big day, we try to understand the business model of Paytm from the man of the moment Vijay Shekhar Sharma. “It’s great that a young age fintech company could pull off an IPO like this. We have a phenomenal revenue & business model,” says Sharma. Watch the full interview here to know more.
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