Paytm's IPO worth ₹16,600 crore will make it India’s biggest public issue so far, topping Coal India Ltd’s ₹15,000 crore public issue in 2010. As per market observers, Paytm is trading at ₹3300-3400 levels in unlisted market, after the news of receiving go ahead from SEBI for its much-anticipated IPO. As rates are on higher side in unlisted market, volumes have dried up," said said Abhay Doshi, founder, UnlistedArena.com. “Irrespective of the IPO price band, unlisted market works on it own. So, considering that scenario, the unlisted market is considering aforesaid valuation," added Doshi.

Source: Mint October 26, 2021 18:25 UTC