Paytm IPO listing today, grey market premium indicates tepid debut likely

Paytm IPO will be listed on the NSE and BSE today. Paytm earlier allocated shares at the upper price band of Rs 2,150 apiece. Based on the bid received for Paytm's Rs 18,300 crore IPO, the digital payments and financial services firm will list an enterprise valuation of Rs 1,49,428 crore or slightly over USD 20 billion at an exchange rate of 74.35, thus becoming one of India's most valued companies.

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