Paytm ties up with over 100 institutional investors for IPO naveenbharat.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naveenbharat.in Daily Mail and Mail on Sunday newspapers.
Ant Group-backed fintech firm Paytm said it has allocated shares worth 82.35 billion rupees ($1.11 billion) to more than 100 institutional investors, including the government of Singapore, ahead of what is expected to be India's largest stock market listing.
Paytm's offer of up to Rs 18,300 crore garnered interest from 122 institutional investors who bought more than 38.3 million shares for Rs 2,150 apiece, according to a regulatory document dated November 3.
Paytm said it has allocated shares worth Rs. 8,235 crore to more than 100 institutional investors, including the government of Singapore, ahead of what is expected to be India s largest stock market listing.