Paytm seals India’s largest IPO – International Financing Review
- Date: 12-Nov-2021
- Source: IFR
- Sector:Financial Markets
- Country:Middle East
Paytm seals India’s largest IPO – International Financing Review
Paytm last week wrapped up India’s largest IPO with a Rs183bn (US$2.47bn) listing, although the response was not strong as the market had expected.
After three days of bookbuilding, the Ant Group-backed mobile payments company priced a primary tranche of Rs83bn and a secondary portion of Rs100bn at the top of the Rs2,080–Rs2,150 range, finally displacing Coal India's Rs155bn 2010 IPO as the country's biggest.
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