One97 Communications, the parent company of Paytm, the digital payments behemoth, had its stock market debut on 18 November 2021. On the BSE, Paytm shares opened at Rs. 1,955, down 9% from the issue price of Rs. 2,150. Paytm’s stock was floated at Rs. 1,950 on the NSE. The present market capitalization of the corporation is estimated to be approximately $ 15 bn. In its first public offering, the digital payments firm raised Rs. 183 bn. ($ 2.5 bn.).

Ranking

The Paytm IPO is the country’s largest in corporate history. Paytm’s IPO became the largest fintech initial share sale in the Asia Pacific region, with a share sale of Rs. 18,300 cr. It shattered the previous record of Rs. 15,000 cr. set by Coal India Limited (CIL). After Spain-based Allfunds, Paytm’s IPO was the second-largest fintech IPO of 2021 worldwide. Overall, Paytm will be the fourth-largest fintech stock debut in the world.

Investor participation

Blue-chip investors such as Blackrock, Canada Pension Plan Investment Board, GIC, ADIA, APG, City of New York, Texas Teachers Retirement, NPS Japan, University of Texas, NTUC Pension from Singapore, University of Cambridge, and others participated in Paytm IPO.

Subscription status

IPO: ~2x (1.89x)
Qualified institutional buyers: 2.79x
Retail investors: 1.66x
Non-institutional investors: 0.24x

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10 Comments

  1. Nirmal Gurjar Reply

    Trying to find that ‘Why’ mentioned in the headline. Totally useless article.

  2. Mohammed Hussain Reply

    This article just puts out numbers, doesn’t say anything about why did Paytm IPO failed.

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