Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

Paytm marks one of the biggest stock market debuts

The initial public offering (IPO) of One97 Communication — the parent company of fintech startup Paytm — was subscribed 18 percent on the first day of its opening. The subscription will close on November 10.

Paytm marks one of the biggest stock market debuts

Tuesday November 09, 2021 , 4 min Read

The initial public offering (IPO) of One97 Communication — the parent company of fintech startup Paytm — was subscribed 18 percent on the first day of its opening. The subscription will close on November 10.


According to the Indian bourses, Paytm's Rs 18,300 crore issue received bids for 88.23 lakh equity shares against an offer size of 4.83 crore shares, priced between Rs 2,080 and Rs 2,150 per share.


While retail investors' subscriptions stood at 78 percent on day one, the reserved portion of non-institutional investors was subscribed 2 percent. The qualified institutional buyers bid for 6 percent of their allotted quota.


Paytm's IPO is one of the biggest debuts on the Indian stock markets, followed by Coal India, which saw a Rs 15,000 crore IPO in 2010.


The IPO comprises the issuance of fresh equity shares worth Rs 8,300 crore and an Offer for Sale (OFS) by existing shareholders to the tune of Rs 10,000 crore. 


It has already raised Rs 8,235 crore from anchor investors who subscribed for Rs 2,149 per share.


The public issue will see some of the existing shareholders of Paytm, including founder Vijay Shekhar Sharma, SoftBank, Ant Group, and Elevation Capital, diluting their stakes. Paytm Founder Vijay Shekhar Sharma will sell Rs 402.65 crore worth of shares through an Offer for Sale.

Paytm

Check out YourStory's full coverage of TechSparks 2021 here.


Click here to download YourStory’s Tech50 report.



The Interview

Saurabh Saxena, Site Leader and Vice-President (Product Development), Intuit India, describes the digital accounting solutions company as a 38-year-old startup that believes in constantly evolving to create impactful financial solutions. 


In an engaging chat, Saurabh talks about how Intuit India is building new-age innovation systems that help customers be more confident about their money-related decisions, its artificial intelligence-driven capabilities, and plans to venture into omnichannel solutions.


Editor’s Pick: Pushing the limits with Sufiya Khan

On October 1, Sufiya Khan ran 480 km from Manali to Leh, becoming the first female runner to do so and enter the Guinness Book of World Records.


She completed the Himalayan Ultra run expedition in 156 hours, passing through one of the world’s most challenging and highest highways, climbing up five major passes with extreme weather conditions, with temperatures dropping as low as minus five degrees. Read more.

Sufiya Khan

Startup Spotlight

Mind the CX: Bloomreach helps brands connect with customers 


A startup that lies at the intersection of ecommerce, marketing, and AI, Bloomreach is among the top players in the cloud commerce space since 2009. With businesses moving online post-pandemic, the Mountain View, California-based company is helping hundreds of brands improve sales via better customer experience. 


Founded by Ashutosh Garg and Raj De Datta, Bloomreach surpassed $100 million in annual recurring revenue (ARR) and achieved over 100 percent new ARR growth. Read More.

Bloomreach

News & Updates






Before you go, stay inspired with… 

Paytm, Vijay Shekhar Sharma

Paytm founder Vijay Shekhar Sharma

"Today, you can build anything in India. If you're an Indian entrepreneur, you can get a meeting with any investor in the world."

—  Vijay Shekhar Sharma, Founder, Paytm



Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!