![]() The retail portion was subscribed 1.62 times. ![]() How does Paytm’s IPO compare with other recent ones?Įnthusiasm for Paytm’s offer at ₹2,150 per share – valuing the company at about ₹1.5 lakh crore – was relatively less. And sure enough, the stock tanked 27% on Thursday when it debuted on the stock markets. While the share sale did raise the intended amount, the subscription frenzy seen in other IPOs was noticeably missing here. The story so far: Financial technologies platform and Paytm’s parent company One97 Communications recently came out with India’s largest initial public offer, an ₹18,300 crore share sale that included an offer for sale portion from existing shareholders.
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