Digital payments company Paytm will makes its stock market debut on Thursday when its shares get listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Abhay Doshi, founder at UnlistedArena.com, told Livemint that Paytm IPO got a very tepid response from investors due to expensive pricing and losses incurred. Some of the IPOs, which came before Paytm, saw a higher subscription, especially on the final day of bidding. Paytm IPO comprised a fresh issue of equity shares worth ₹8,300 crore and an offer for sale (OFS) of shares worth up to ₹10,000 crore. It offers a range of services to the users - payment services and financial services.

Source: Mint November 18, 2021 00:16 UTC