Paytm IPO gives a Rs 2,150 price listing is expected on November 18

Digital payments also financial services company Paytm have set a cash offering price of 2,150 rupees for its first share sale. Paytm IPO shares are expected to go public on November 18. According to the company’s final prospectus filed with the company’s BAE on Friday.

Paytm values ​​its shares in a price range of Rs 2,080-2,150 per share and values ​​the company at Rs 1.39 lakh crore at the upper end of the price range. With the sale of shares of Rs 18,300 in an initial public offering (IPO).

Paytm’s IPO has become the most significant fintech public offering in the Asia-Pacific region.

It is also the second-largest fintech IPO globally in 2021, after the IPO of Spain-based Allfunds. Overall, Paytm will be the fourth largest debut fintech stock in the world. Company documents provide a preview of fees paid to legal partners, top managers, and other advisors for initial public offerings.

According to the prospectus, Paytm IPO will pay BRLM Rs 323.9 crore, about 1.8% of the total issuance of Rs 18,300 crore. And is one of the most significant accumulate BRLM payments in India. Paytm has appointed Morgan Stanley, Goldman Sachs, Axis Capital, ICICI Securities, JP Morgan, and HDFC Bank as BRLM for the IPO.

Legal advisors in India and global capital markets, including Shardul Amarchand. Latham & Watkins, Khaitan & Co, and Shearman & Sterling, have acted in IPOs of varying quality.

Paytm’s IPO expires at 1.89 subscriptions.

A total 9,14,09,844 Paytm shares traded compared to 4,83,89,422 available shares. Paytm received an unconditional offer of Rs 19,653 crore against Rs 10,065 crore from the ledger. According to stock exchange data, Paytm’s shares were overwritten by Paytm 2.79 times. With the participation of foreign institutional investors, local financial institutions (banks/financial institutions (LK/insurance companies)), and investment funds.