Paytm IPO News

Paytm has opted for the open market route through the stock exchange method for the buyback programme and expects the process to be completed within a maximum period of six months, the company said in a regulatory filing.  

Sharma was not allowed to buy shares for at least six months being a selling shareholder in Paytm's IPO. With that restriction being over, he has purchased shares of Paytm.

According to market analysts, concerns over valuation weighed on the stock.

Paytm CEO was choking with emotion and was seen wiping tears during his address at the Bombay Stock Exchange during his company's stock market debut.

Paytm's shares plunged as much as 25 per cent in a weak stock market debut on Thursday, a week after the country's biggest-ever initial public offering.

Paytm was listed on Indian stock exchanges on Thursday, November 18. The stock's issue price was Rs 2,150 per equity share. The stock is currently trading at about Rs 1,586.25.

Paytm shares plummeted 21%. Paytm market debut today. Paytm raised $2.5 billion in its IPO.

At 27, Sharma was making Rs 10K a month. This modest salary did not help his marriage prospects. Sharma born to a school teacher father and a home maker mother.

His father had opposed the idea of him joining Paytm. "What is this Paytime?" his father had asked him at the time of joining. He had joined Paytm in 2013.

You can check IPO status via the BSE portal. Paytm IPO was subscribed 1.89 times. Investors could enjoy listing gains.

One97 has received a total of 9,14,09,844 Paytm bid against the 4,83,89,422 shares available with the offer. Investors winning the bid can possibly now enjoy listing gains. Paytm offers several financial products.

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.

FIIs sought 4.17 crore shares as against 2.63 crore shares reserved for QIBs. QIBs were less than enthusiastic in participating in the IPO in the initial two days. QIBs flooded the issue on the last day, seeking 1.59 times the shares reserved for them.

Paytm IPO will close for subscription on November 10. The IPO price band values it in the range of 19.9 billion. Vijay Shekhar Sharma will offload shares worth up to Rs 402.65 crore.

One97 Communications that operates Paytm is expected to roll out its massive Rs 18,300-crore IPO on November 8. PB Fintech, the parent company of PaisaBazaar and Paisabazaar, will float its Rs 5,710 crore IPO. Sapphire Foods India, which runs Pizza Hut and KFC stores in the country, will open its IPO for subscription on November 9.

Paytm was likely to target a price band of 2,080-2,150 rupees per share. Paytm’s offering will open on November 8. Chinese investor Ant currently holds 183.3 million shares.

Sharma was seen enjoying the big moment with his Paytm colleagues. Paytm had received the market regulator approval for its Rs 16,600 crore IPO on Friday, October 22. Paytm is expected to list on the Indian bourses ahead of Diwali.

The company expects to hit the bourses by the end of this month. The company's plan of shelving the pre-IPO raise is not related to any valuation differences. Paytm is looking at a valuation of Rs 1.47-1.78 lakh crore.

The company is targetting to launch Rs 16,600 crore IPO before Diwali. It is looking for valuation in the range of Rs 1.47 - 1.78 lakh crore. The company's plan of shelving the pre-IPO raise is not related to any valuation differences.

Vijay Shekhar Sharma and Alibaba group firms will dilute some of their stake in the proposed offer-for-sale. The company proposes to use Rs 4,300 crore for growing and strengthening Paytm ecosystem. Paytm plans to earmark Rs 2,000 crore for business initiatives, acquisitions and strategic partnerships.