On The Eve Of Its Shares Listing On Bourses, The Story Of Paytm
NDTV
Paytm could be on the cusp of becoming one of the most valued entities in the country
With the shares of one of the country's leading digital payments platform – Paytm - all set to be listed on the bourses on November 18, the company could be on the cusp of becoming one of the most valued entities.
Its initial public offer (IPO), which concluded on November 10, 2021, was worth Rs 18,300 crore, the country's biggest till now and next only to Coal India's public offer. It was subscribed 1.89 times by the end of its bidding process.
Paytm's IPO consisted of a fresh issue of Rs 8,300 crore and an offer for sale (OFS) by existing shareholders worth Rs 10,000 crore.
The company sold shares in the price band of Rs 2,080- Rs 2,150 per share and retail investors had the option to bid for a minimum of one lot of six shares up to a maximum of 15 lots. At the upper price band, one lot of Paytm shares was priced at Rs 12,900.
