Paytm finds buyers, but no blow-out demand in India's largest IPO

Paytm increased the size of its offering last month and priced it at 2,080-2,150 rupees per share.

Paytm's $2.5 billion initial public offering (IPO), India's largest, was oversubscribed at the close of bidding on Wednesday, although investors showed less enthusiasm than for some other tech firms that have ridden the country's IPO boom.

The company, which had already raised $1.1 billion from anchor investors, received $2.64 billion worth of bids for the remaining shares on offer, or 1.89 times, according to stock exchange data.