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On The Eve Of Its Shares Listing On Bourses, The Story Of Paytm

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Paytm began its journey more than ten years ago mainly as a mobile recharge platformWith the shares of among the country's leading digital payments platform-- Paytm - all set to be noted on the bourses on November 18, the company might be on the cusp of becoming one of the most valued entities.Its initial public deal (IPO), which concluded on November 10, 2021, was worth Rs 18,300 crore, the country's greatest till now and next just to Coal India's public deal.

It was subscribed 1.89 times by the end of its bidding process.Paytm's IPO consisted of a fresh problem of Rs 8,300 crore and a sell (OFS) by existing investors worth Rs 10,000 crore.The company offered shares in the cost band of Rs 2,080- Rs 2,150 per share and retail investors had the alternative to bid for a minimum of one lot of six shares as much as an optimum of 15 lots.

At the upper rate band, one great deal of Paytm shares was priced at Rs 12,900.

Investors such as Japan's SoftBank, China's Ant Group and Alibaba, and Elevation Capital were among the top entities who diluted their stakes in the IPO.While market experts have actually been hypothesizing over the cost at which Paytm's shares could be noted, the fact can not be rejected that its creator Vijay Shekhar Sharma, increased from modest starts in Aligarh in Uttar Pradesh and is now all set to become the owner of one of the country's most valued companies.Let's take a look at how Paytm's journey began.OriginA school instructor's child, Vijay Shekhar Sharma started Paytm as a cellular phone and DTH charging center in 2010.

Its moms and dad company One97 Communications had actually been included in the year 2000.

It rose quickly soon, after cab hailing company Uber took its services as a quick cost possibility.However the business hit pay dirt in November 2016 when the government revealed demonetisation and encouraged digital payment systems.This development saw Paytm's subscribers increasing several times, as it appeared to have actually ended up being everybody's preferred platform for digital payments.Paytm along with One97 Communications is the owner of Paytm Payments Bank which has countless account holders under its fold.




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