Paytm, a digital payments and financial services company, has set an initial share-sale price of Rs 2,150 per share. Paytm's shares are slated to begin trading on bourses (NSE, BSE) on November 18, according to the company's final prospectus submitted with the Registrar of Companies on Friday.
Paytm's shares were priced in a range of Rs 2,080-2,150 a share, valuing the business at Rs 1.39 lakh crore at the top end of the range. Paytm's first public offering (IPO) raised Rs 18,300 crore, making it the largest fintech IPO in the Asia Pacific area. It is also the world's second-largest fintech IPO in 2021, following Allfunds' IPO in Spain.
Paytm will be the fourth largest fintech stock debut, globally. The IPO costs paid to legal partners, book running lead managers (BRLMs), and other consultants are detailed in the company's prospectus. Paytm would pay its BRLMs Rs 323.9 crore, according to the prospectus, which is around 1.8 percent of the entire issue amount of Rs 18,300 crore. The BRLMs for the IPO include Morgan Stanley, Goldman Sachs, Axis Capital, ICICI Securities, JP Morgan, Citi, and HDFC Bank.
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