Question
Download Solution PDFPaytm is the second-largest fintech IPO of 2021 globally, after Allfunds. What is the name of parent company of Patym?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is One97 Communications.
Key Points
- Paytm became the largest fintech IPO in 2021 in the Asia Pacific Region.
- Paytm is the second-largest fintech IPO of 2021 globally, after Allfunds.
- Allfunds is a Spain-based company.
- Paytm's ₹18300 crore IPO was the biggest in India's corporate history.
- Paytm launched its shares in a price band of ₹2080 - ₹2150.
- Paytm IPO was oversubscribed 1.82 times.
- The Book Running Lead Managers(BRLM) for Paytm IPO are as follows:
| Morgan Stanley | Goldman Sachs | Axis Capital | ICICI Securities |
| JP Morgan | Citi Bank | HDFC Bank |
- The Lead Managers in Paytm IPO were:
| Morgan Stanley | Goldman Sachs |
| Axis Capital | Link Intime |
- Paytm was formally known as One97 Communications.
Important Points
- Paytm was launched in the year 2010.
- Paytm was founded by Vijay Shekhar Sharma.
- Paytm is headquartered in Noida, Uttar Pradesh.
Additional Information
- The biggest IPOs ever launched are as follows:
| Company | Country | Stock Exchange | Amount raised(in billion $) |
|---|---|---|---|
| Saudi Aramco | Saudi Arabia | Saudi Stock Exchange (Tadawul) | 25.6 |
| Alibaba | China | New York Stock Exchange | 21.8 |
| Softbank | Japan | Tokyo Stock Exchange | 21.3 |
| NTT Mobile | Japan | New York Stock Exchange | 18.1 |
Last updated on Jul 11, 2025
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