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The Biggest Ipo in Indian History Is Launched by Paytm

The Biggest Ipo in Indian History Is Launched by Paytm

Posted on August 15, 2022 By Mike Brown No Comments on The Biggest Ipo in Indian History Is Launched by Paytm

Paytm, a provider of digital payment solutions is expected to launch its initial public offering (IPO) on exchanges on Thursday, November 18, 2021. Over the course of the three-day share sale, 9.14 crore shares were bid on, compared to the 4.83 crore shares that were available. As soon as Paytm enters the stock market, it will become the largest initial public offering (IPO) in Indian primary market history, overtaking Coal India IPO, which held that title till now.

The Biggest Ipo in Indian History Is Launched by Paytm

The launch of Paytm’s first public offering coincides with the meteoric rise of digital payments and transactions across the country. Paytm has attracted the backing of major corporations like Ant Financials and Softbank. Government of Singapore, CPPIB, ADIA, APG, City of New York, Texas Teachers Retirement, NPS Japan, University of Texas, NTUC Pension out of Singapore, and the University of Cambridge are just some of the world’s leading pension funds, superannuation funds, and sovereign wealth funds that have invested in the company.

The Biggest Ipo in Indian History Is Launched by Paytm

The government’s push to digitize services in India is also anticipated to benefit the corporation in the long run. Also, the expansion of the PAYTM ecosystem and the completion of new acquisitions will be to the company’s advantage.

From its humble beginnings as a mobile wallet in 2009, Paytm has expanded to include a wide range of services, including those for making utility bill payments, offline merchant payments, rental payments, content, and credit card and debit card purchases. Payments and financial services have been a major factor in the company’s dramatic revenue growth. In Q1FY22, revenue jumped to 9,480,000,000 from 6,494,000,000 in Q1FY21, an increase of 46%.

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The company’s rise from the highest-valued unicorn in India to the greatest stock market debut in the country is a shining example of the true spirit of Indian entrepreneurship. When it finally goes public, Paytm will be one of India’s most valuable companies thanks to a staggering $20 billion valuation.

Subscriptions should not be compared to comparatively small online IPOs like Paytm’s. With such a massive IPO, Paytm has a significantly higher retail size than other recent internet IPOs like Zomato and Nykaa.

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