Paytm Shares Move Closer To IPO Price As Profitable Quarters Add Up

Paytm is closing in on its IPO price. Shares of One 97 Communications, the parent of Paytm, which was founded by Vijay Shekhar Sharma, traded at ₹1,939.70 on 13 November, about 9.8% below the ₹2,150 issue price from its 2021 listing. They have recovered strongly from a 52-week low of ₹947.10 on 30 March 2026.

The recovery follows six consecutive profitable quarters, including a Q2 FY27 net profit of ₹226 crore, and in-principle RBI approval for its wallet business. A proposed merchant discount rate on some UPI transactions could add revenue, but NPCI deferred its planned 15 October start, and the framework has not yet taken effect.

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