Paytm Became The Largest Initial Public Offering (IPO).

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Paytm Became The Largest Initial Public Offering (IPO).
18 Nov 2021
3 min read

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News Synopsis

In its corporate history Paytm achieved the significance of being the biggest Initial Public Offering (IPO) valuing the organization at 1.39 lakh crore. It also broke the record that was with Coal India Limited that was raised over Rs 15,000 crore.

"Retail investors should remain cautious as the overall market is in profit booking zone pushing maximum stocks in downside territory. Paytm’s future growth is a key to watch for long-term investors," Ravi Singh, Head of Research & Vice President, ShareIndia, said

The IPO of Paytm was also the world’s second-largest IPO of the year 2021 following the Spain-based IPO of Allfunds.