Paytm makes history as India's largest IPO bidding ends with 1.89x oversubscription
Zee News
From once being India's highest valued unicorn to be on the verge of being the country's largest stock market debut today, the company stands as a testament to the true Indian entrepreneurial story.
New Delhi: Indias leading digital payments and financial services platform Paytm has closed the bid/offer for its IPO by being 1.89 times oversubscribed.
From once being India's highest valued unicorn to be on the verge of being the country's largest stock market debut today, the company stands as a testament to the true Indian entrepreneurial story.
As per data from the exchanges, the subscription at the end of Day 3 saw the largest IPO being over 2.79 times oversubscribed by QIBs and 1.66x by retail investors. A total of 9,14,09,844 Paytm shares have been bid for, as opposed to the 4,83,89,422 shares available.