New Delhi: The much-awaited shares of digital payments and financial services firm Paytm finally got listed on the stock exchanges on Thursday. Shares of Paytm were seen trading at Rs 1,955 per share on BSE with a market capitalization of above Rs 1 lakh crore.
Sharma’s younger son was also present to ring the opening bell at 10 am to mark the listing of Paytm. On NSE, the stock is listed at Rs 1,950 per share, which is a discount of 9 per cent as compared to its IPO issue price of Rs 2,150 per share. However, after the listing, the shares lost momentum and touched Rs 1,806.
Ahead of the listing, Paytm Founder and CEO Vijay Shekhar Sharma tweeted, “Looks to take the hopes and aspirations of young India to the stock market”. “Can feel the Indian cricket team” said Sharma as he has been receiving lots of wishes, messages and messages on the opening day of trading. Good”.
“Man, I can feel for my cricket team! So many messages, wishes, and kind words. The youth wants to take India’s hopes and aspirations to the stock market. From coal to fintech, India has changed in 11 years. To every Paytmer, you have changed India for good,” Sharma tweeted.
Known as one of the country’s largest IPOs, it was subscribed 1.89 times, with institutional buyers including FIIs flooding the sale of shares and demanding 2.79 times the number of shares reserved for them . The company saw participation from investors including BlackRock, Canada Pension Plan Investment Board, GIC, ADIA, APG, City of New York, Texas Teachers Retirement, NPS Japan, University of Texas, NTUC Pension from Singapore, University of Cambridge etc.
Retail investors subscribed 1.66 times of the 87 lakh shares reserved for them. The issue includes fresh issue of equity shares worth Rs 8,300 crore and Offer for Sale (OFS) of shares up to Rs 10,000 crore.
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