This year has been good for ventures that are taking their company public. One of the most popular payment companies, Paytm, has opened its IPO for investors this Monday. Paytm evaluation is around ₹1.48 lakh crores, which is the highest since Coal India’s evaluation in 2010.
On the opening day of the three-day window, the numbers were quite low as only 18% of the IPO was subscribed. Though the evaluation of the IPO was huge compared to the other companies that opened their IPO this year. The share allotment for Paytm is likely to be held on 15th November, followed by the listing of shares in the share market three days later 18th November.
Despite having a low demand from the investors due to the considerable huge evaluation of the IPO, it appears to have gotten a positive start on the first day with an 18% subscription.
