India’s Largest-Ever IPO a ‘High-Risk Bet,’ Says Fund Manager

Alder Capital does not expect a jump on Paytm listing
Fintech company’s IPO seeks to encash on a frenzied market

Alder Capital Investment Manager Rakhi Prasad says she is continuing to hold on to businesses that have pricing power. She was speaking with Haslinda Amin and Rishaad Salamat on Bloomberg TVMarkets: Asia.”

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By Malavika Kaur Makol

November 9, 2021 at 5:56 AM UTC

This article is for subscribers only.

Investing in Indian fintech company Paytm could prove to be a “very high-risk bet” and might not see a sizable jump when it lists on stock exchanges, a fund manager said on Tuesday.

“In Paytm’s case, where there is the strength of the network effects -- it’s the largest digital payments from a merchant’s perspective -- it has a long runway to capitalize on that and hopefully generate some profits along the way,” Rakhi Prasad, an investment manager with Alder Capital told Bloomberg TV’s Haslinda Amin and Rishaad Salamat.