 "Paytm")
The country’s largest IPO had a disastrous debut with its stock crashing 27 per cent. Madhur Deora, President and Group Chief Financial Officer, Paytm says it’s hard to decipher what went wrong as many investors were comfortable investing at the IPO price. In an interview to Neha Alawadhi & Samie Modak, Deora says the company needs to communicate better and shares his key learnings. Edited excerpts:
In hindsight, do you think the IPO pricing could have been different?
A lot of people have a misunderstanding that a company prices its IPOs at whatever number they want to. Investors, as recently as two weeks ago, were perfectly comfortable at the IPO price. And that is why they invested in the IPO.
