The Paytm listing fiasco will not impact the forthcoming initial public offers of other start-ups and new generation companies which are category leaders and have unique business models, say private equity heads, bankers and venture capitalists.
Several Indian start-ups including Delhivery and Mobikwik are IPO-bound and are expected to raise funds from anchor investors and retail.
One97 Communications, popularly known as Paytm, lost mearly 40 per cent of investor wealth in two trading days since listing. On Tuesday, the stock recovered by 10 per cent to close at Rs 1,495 a share.
“Paytm’s IPO debacle has more to do with