Paytm Creates History With the Country’s Largest IPO Subscription

Vijay Shekhar Sharma, the founder of the most successful online transaction app, Paytm has created another history. The parent company of Paytm ONE97 Communications Limited has created history with 9.14 crore bidding on 4.83 crore shares. The issue of the Rs 18,300 crore IPO, the biggest share sale in the country's history, got subscribed 1.89 times on the last day of the issue on Wednesday. The IPO of Paytm has crossed the IPO of Coal India, which came out a decade ago and has become the largest subscribed IPO of India.