INSUBCONTINENT EXCLUSIVE:
Paytm IPO: The firm sold shares in the price band Rs 2,080- Rs 2,150 per share
Leading
digital mobile payments platform - Paytm, is set to be listed on the stock exchanges tomorrow - November 18, days after its initial public
offering (IPO) concluded on November 10
The country's biggest IPO so far - only next to Coal India, was subscribed 1.89 times by the end of its bidding process
biggest in the country's corporate history, breaking a record held by state-run Coal India Ltd, which raised Rs 15,000 crore over a decade
ago.Paytm allocated shares worth Rs 8,235 crore to more than 100 institutional investors, including the government of Singapore, ahead of
10,000 crore.Paytm sold shares in the price band of Rs 2,080- Rs 2,150 per share and retail investors can bid for a minimum of one lot of
six shares up to a maximum of 15 lots
