Paytm's ₹18,300 Cr IPO Subscribed 18% On Day 1, Led By Retail Investors
One97 Communications' Paytm launched India's largest IPO at ₹18,300 Cr, seeing 18% subscription on Day 1 of the three-day bidding window. Retail investors drove early demand across the fresh issue plus offer-for-sale structure.
Paytm's ₹18,300 Cr IPO, India's largest, was subscribed 18% on Day 1, driven largely by retail investors. The issue includes a fresh share issue plus an offer for sale over a three-day bidding window.
Why this matters
Paytm's IPO subscription follows its reported plan to open ~50,000 retail outlets across India, signaling an aggressive expansion push alongside its public market debut.
Retail-company theme is accelerating, up +613600% QoQ.