Paytm shares to open at Rs 2150 apiece on listing

TIL Desk/Business/New Delhi/ Digital payments and financial services firm Paytm has fixed an offer price of Rs 2,150 apiece for its initial share-sale.

 The shares of Paytm are expected to list on bourses on November 18, according to the final prospectus filed by the company with the Registrar of Companies on Friday.

 Paytm had priced its shares in a price band of Rs 2,080-2,150 per share, valuing the company at Rs 1.39 lakh crore at the upper end of the price band.

 With the Rs 18,300-crore share sale via Initial Public Offering (IPO), Paytm IPO has become the largest fintech IPO in the Asia Pacific region. It is also the second largest fintech IPO of 2021 globally, after Spain-based Allfunds IPO.