Paytm IPO: What GMP indicates ahead of stock market listing

Paytm IPO’s grey market premium (GMP) has fallen sharply over the past few days, indicating a flat or discounted opening. Here is all you need to know.

The share allotment for Paytm’s initial public offering (IPO) is done and all eyes are now on the online payment firm’s stock market listing on November 18. The share allotment was finalised on Monday.

Paytm’s Rs 18,300 crore IPO is the largest in the country’s history and it was subscribed a total of 1.89 times. Ahead of tomorrow’s listing, it has come to light that the payment firm’s shares are losing momentum on the grey market.