Paytm Gears Up For Mega $2.23 Billion IPO, India's Biggest
3 years, 5 months ago

Paytm Gears Up For Mega $2.23 Billion IPO, India's Biggest

ABP News  

New Delhi: China's Ant Group and Japan's Softbank backed Paytm, India's digital payments leader is seeking regulatory approval to raise up to Rs 16,600 crore, making it the country's largest stock market debut ever, exceeding Rs 15,000 crore raised by state-owned Coal India a decade back. The offering may value the company over Rs 1.86 lakh crore and comes at a time when India's digital economy is experiencing a pandemic-fueled boom, as well as an intensifying battle for market share with Alphabet Inc's Google Pay and Facebook Inc-owned WhatsApp Pay. The startup, which Berkshire Hathaway Inc. also backs, hopes to capitalize on the same strong investor demand that has propelled fellow unicorn Zomato Ltd.'s massively popular share sale. Paytm hopes to capitalize on the growing popularity of internet-based consumer companies among investors following the pandemic's acceleration of global adoption of digital technologies.

India Crore Zomato Ipo Paytm  gears  223  share  mega  market  paytm  digital  rs  indias  crore  billion  biggest  company  ipo

History of this topic

2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore
4 days, 5 hours ago

2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore

Deccan Chronicle  

Chennai: Calendar year 2024 was a blockbuster year for the market as a record high Rs 1.8 lakh crore was raised through 317 Initial Public Offerings and Follow-on Public Offerings surpassing the previous record of Rs 1.3 lakh crore set in 2021. Against 2023, when 242 companies raised a total capital of Rs 57,600 crore, 2024 saw highest number of …

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?
1 week, 4 days ago

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?

India Today  

Today is the last day to bid for the initial public offering of Mobikwik IPO after it opened for subscription on Wednesday aiming to raise Rs 572 crore. Mobikwik IPO has seen very strong demand among investors and was fully booked within the first hour of opening for subscription. The Mobikwik IPO has been oversubscribed by 63.09 times, reflecting strong …

Mobikwik IPO day 2: GMP rises sharply, should you subscribe?
1 week, 5 days ago

Mobikwik IPO day 2: GMP rises sharply, should you subscribe?

India Today  

The initial public offering of Mobikwik Systems Limited continued to attract strong investor interest on its second bidding day, following an impressive start on December 11, 2024. MOBIKWIK IPO GMP SOARS The grey market premium for Mobikwik’s IPO surged to Rs 149 on Day 2, up from the previous day, indicating a potential 53.41% listing gain over the upper price …

Mobikwik IPO subscribed fully in less than 90 minutes of opening
1 week, 5 days ago

Mobikwik IPO subscribed fully in less than 90 minutes of opening

New Indian Express  

NEW DELHI: The initial oublic offer of fintech firm One Mobikwik Systems saw a strong participation from investors as the issue was fully subscribed in less than 90 minutes of opening on Wednesday. The Rs 8,000 crore IPO of supermarket chain Vishal Mega Mart saw 51% subscription at the end of the first day of bidding. The company already raised …

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer
1 week, 6 days ago

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

The Hindu  

The initial public offering of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday. The Retail Individual Investors part got subscribed 26.71 times, while non-institutional investors category received 8.97 times subscription, and the quota for Qualified Institutional Buyers received a mere 2 per cent subscription. …

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in
1 week, 6 days ago

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in

Live Mint  

-Indian digital payments firm MobiKwik's 5.72 billion-rupee initial public offering was fully subscribed within the first hour of sale on Wednesday, as investors bet on strong growth prospects in India's booming online payments market. Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold, exchange data showed. India's …

Top news: Karnataka schools and offices closed, Sanjay Malhotra takes charge as RBI Guv, 3 IPOs today & more on Dec 11
1 week, 6 days ago

Top news: Karnataka schools and offices closed, Sanjay Malhotra takes charge as RBI Guv, 3 IPOs today & more on Dec 11

Live Mint  

Top news today, December 11: A host of developments, updates, and events are expected in India and internationally on December 11 in the markets, political, financial, technology, and general spheres. Today, the schools, colleges and offices in Karnataka are closed today, IAS Sanjay Malhotra takes charge as the new RBI Governor, PM Narendra Modi to address teams and participants at …

Mobikwik IPO fully subscribed on Day 1. What's behind the strong demand?
1 week, 6 days ago

Mobikwik IPO fully subscribed on Day 1. What's behind the strong demand?

India Today  

The initial public offering of payment services provider One Mobikwik Systems witnessed strong investor interest on its opening day, December 11, 2024. According to data, Mobikwik's IPO received bids for 3,96,80,623 shares against the 1,18,71,696 shares on offer. This tepid QIB response is expected to improve as institutional investors typically place large bids closer to the IPO’s closing date. Mobikwik's …

Paytm shares hit 52-week high; up more than 3%
2 weeks, 1 day ago

Paytm shares hit 52-week high; up more than 3%

The Hindu  

Shares of One97 Communications, which owns the Paytm brand, on Monday jumped more than 3% on the bourses after the company approved the sale of stake in Softbank group's fintech firm PayPay Corporation. Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points As the company's shares touched a 52-week high, the market valuation of Paytm rose …

Upcoming IPOs: Vishal Mega Mart, Mobikwik among 5 to raise Rs 18,340 crore
2 weeks, 1 day ago

Upcoming IPOs: Vishal Mega Mart, Mobikwik among 5 to raise Rs 18,340 crore

India Today  

Spoilt for choice – that’s exactly how investors in the IPO market will feel this week. VISHAL MEGA MART Vishal Mega Mart, the retail hypermarket chain, will launch its Rs 8,000 crore IPO on December 11. Vishal Mega Mart is expected to attract significant interest from retail investors due to its strong brand presence in the market. SAI LIFE SCIENCES …

Paytm shares rise above Rs 1,000 today. 3 things you need to know
Trending News
2 weeks, 1 day ago

Paytm shares rise above Rs 1,000 today. 3 things you need to know

India Today  

Paytm shares rallied over 3% on Monday, hitting a 52-week high of Rs 1,007 on the Bombay Stock Exchange. Here are three key factors propelling Paytm’s stock upward: STRATEGIC SALE Paytm’s Singapore-based unit approved the sale of its Stock Acquisition Rights in Japanese payments firm PayPay to SoftBank Vision Fund 2 for JPY 41.9 billion. PAYTM'S FINANCIAL PERFORMANCE Paytm reported …

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart
Trending News
2 weeks, 2 days ago

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

ABP News  

The equity markets are all set to witness major action on the intial public offering front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd. Along with five mainboard IPOs, six SMEs are also gearing up …

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence
2 weeks, 2 days ago

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence

Live Mint  

New Delhi, December 8 Fundraising via initial public offerings in India is set for another landmark year this 2024, asserted S&P Global Market Intelligence in a report. The listed companies raised a combined ₹1.4 trillion rupees, according to data compiled by S&P Global Market Intelligence. The IPO count this year grew over 22 per cent from 243 in 2023, while …

Paytm has made a big new bet. Will it pay off?
3 weeks, 6 days ago

Paytm has made a big new bet. Will it pay off?

Live Mint  

Since its debut on Dalal Street three years ago, Paytm has been battling several challenges. View Full Image Source: Tijorifinance Financial services The RBI's action caused Paytm’s operating model to change significantly as lenders turned cautious. View Full Image Source: Tijorifinance During Q2 FY25, 600,000 unique consumers and merchants availed of financial services through Paytm, up from 590,000 during Q1 …

IPO Scorecard: Over 300 stocks debut on Dalal Street in 2024, nearly 70% trade above issue prices
Trending News
4 weeks ago

IPO Scorecard: Over 300 stocks debut on Dalal Street in 2024, nearly 70% trade above issue prices

Live Mint  

The year 2024 has emerged as a stellar one for the Indian primary market, witnessing an unprecedented surge in activity. Notably, 133 SME IPOs achieved subscription rates exceeding 100 times, with 23 surpassing an extraordinary 500 times in retail subscriptions, underscoring the massive retail participation in this segment. Reflecting the strong performance of SMEs, 156 IPOs are currently trading above …

IPO Frenzy Continues, 10 Firms Plan To Raise Rs 20,000 Crore Via Maiden Issues In Dec
1 month ago

IPO Frenzy Continues, 10 Firms Plan To Raise Rs 20,000 Crore Via Maiden Issues In Dec

ABP News  

The IPO frenzy seems to not be ending any time soon. The primary market is expected to remain strong with at least 10 firms planning to raise a combined Rs 20,000 crore via maiden issues in the next month, merchant bankers revealed. The companies scheduled to launch their public offers include Vishal Mega Mart, NBFC Avanse Financial Services, International Gemmological …

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?
1 month ago

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?

India Today  

Shares of One97 Communications Limited, Paytm's parent company, gained in early trade after global brokerage Berstein's latest price target update. The update reflects growing confidence in the fintech firm’s prospects, with the global brokerage firm projecting significant earnings growth under a favourable scenario. It highlighted that Paytm’s payment margins, currently at 10 basis points due to regulatory actions, could recover …

Zinka Logistics Solution IPO: Flipkart-backed issue raises ₹501.33 crore via anchor investors ahead of public issue
1 month, 1 week ago

Zinka Logistics Solution IPO: Flipkart-backed issue raises ₹501.33 crore via anchor investors ahead of public issue

Live Mint  

Zinka Logistics Solution Limited, the operator of the BlackBuck app, a payments platform which caters to truck operators, raised ₹501.33 crore from investors in its anchor round ahead of the public issue, according to the company's BSE filing on Tuesday, November 12. The anchor investor pool in Zinka Logistics Solution's IPO includes SBI Mutual Fund, Nomura Trust, Invesco India, Bandhan …

Upcoming IPO: Advent International-backed Manjushree Technopack gets SEBI nod for ₹3,000 crore public issue
1 month, 1 week ago

Upcoming IPO: Advent International-backed Manjushree Technopack gets SEBI nod for ₹3,000 crore public issue

Live Mint  

Upcoming IPO: Advent International-backed Manjushree Technopack Limited has received the final observation from the Securities and Exchange Board of India for an initial public offering. Manjushree Technopack Ltd specialises in rigid plastic packaging and is, according to its website, the largest RPP player in India by installed capacity. Manjushree Technopack serves clients such as Varun Beverages Ltd, Dabur India Ltd, …

Swiggy's $1.4 bn IPO fully sold, institutional portion 131% subscribed
1 month, 2 weeks ago

Swiggy's $1.4 bn IPO fully sold, institutional portion 131% subscribed

Firstpost  

Swiggy’s $1.4 billion IPO was fully subscribed on Friday. The portion reserved for institutional investors was subscribed 131 per cent, while the shares earmarked for retail investors were 97 per cent subscribed Food and grocery delivery firm Swiggy’s $1.4 billion initial public offering was fully subscribed on Friday, as institutional investors rushed in with orders on the final day of …

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing
1 month, 2 weeks ago

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing

Live Mint  

The primary market in India is abuzz with the much anticipated initial public offering of Swiggy Ltd to be launched on November 6. Many of India’s biggest IPOs, including Hyundai Motor India, Paytm and Reliance Power have resulted in losses for investors. Here’s a look at the five biggest IPOs which faced weak listings: Hyundai Motor India IPO Hyundai Motor …

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands
2 months, 4 weeks ago

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands

News 18  

One 97 Communications Ltd reportedly witnessed a significant transaction as 0.8 per cent of its equity stake was sold for approximately Rs 327.8 crore. According to a report by CNBC TV18, around 47.2 lakh Paytm shares exchanged hands at an average price of Rs 701 per share. Following this large trade, Paytm’s stock price surged, reaching Rs 713.2 on the …

IPO Debut: P N Gadgil Jewellers Begins Trading At 73 Per Cent Premium, Check Share Price
3 months, 1 week ago

IPO Debut: P N Gadgil Jewellers Begins Trading At 73 Per Cent Premium, Check Share Price

ABP News  

Jewellery retailer, P N Gadgil Jewellers made a bumper debut in the stock market with a premium of nearly 73 per cent over its issue price. The company’s initial public offering debuted on the BSE at Rs 834 apiece, against the issue price of Rs 480 per share. Prior to the issue, the firm raised Rs 330 crore from anchor …

IPO: Western Carriers India Sees Muted Response From Investors, Check GMP, Price Band And Other Details
3 months, 1 week ago

IPO: Western Carriers India Sees Muted Response From Investors, Check GMP, Price Band And Other Details

ABP News  

Western Carriers India saw a muted response from investors as the subscription window for the initial public offering continued on its second day of bidding. The company’s IPO includes a fresh issue of equity worth Rs 400 crore and an offer-for-sale of up to 54 lakh equity shares. However, the portion set aside for qualified institutional bidders remained the least …

IPO Frenzy: India’s Primary Market Soars In Aug, 10 Listings Raise Rs 17,047 Crore, Says Report
3 months, 2 weeks ago

IPO Frenzy: India’s Primary Market Soars In Aug, 10 Listings Raise Rs 17,047 Crore, Says Report

ABP News  

The Indian primary markets clocked a sharp uptick in the initial public offering activity in August, media reports said. According to a report by Moneycontrol, 10 firms together raised Rs 17,047 crore collectively in the month. From the total amount raised, nearly 57 per cent of the funds or Rs 9,715 crore came from fresh issue capital. In 2024 so …

Paytm gets government nod for investment in payments arm: Details
3 months, 3 weeks ago

Paytm gets government nod for investment in payments arm: Details

India TV News  

India's Paytm has received approval from the country's finance ministry to invest in its payment services business, the fintech firm. In July, Reuters reported, citing a top finance ministry official, that Paytm had secured approval for a 500 million rupee investment in its payments arm. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business …

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report
4 months ago

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report

ABP News  

Swiggy IPO: Indian food delivery giant Swiggy, backed by SoftBank, is gearing up for a major initial public offering, targeting a valuation of approximately $15 billion, sources privy to the matter told news agency Reuters. Zomato, Swiggy's main competitor, has seen its shares more than double since going public in 2021, with a market valuation now reaching $28 billion. According …

S A Tech Software India IPO Day 2: Check Subscription Status, GMP Today
4 months, 3 weeks ago

S A Tech Software India IPO Day 2: Check Subscription Status, GMP Today

News 18  

S A Tech Software India IPO: The initial public offering of S A Tech Software India Limited, which was opened for public subscription on July 26, has received a decent response from investors so far. S A Tech Software India IPO GMP Today According to market observers, unlisted shares of S A Tech Software India Ltd are trading Rs 80 …

Sanstar IPO: Listing To Open On July 19 For Bidding, Price Band Set At Rs 90-95 Per Share
5 months, 1 week ago

Sanstar IPO: Listing To Open On July 19 For Bidding, Price Band Set At Rs 90-95 Per Share

ABP News  

Specialty products and ingredients solutions maker, Sanstar, is set to open its maiden initial public offering for subscription on July 19, 2024. The firm has fixed the price band of the issue at Rs 90-95 per share and it intends to raise Rs 510.15 crore via the offering. The offer comprises a fresh issue of 4.18 crore equity shares worth …

Hyundai Motor files for IPO of almost $3 billion, likely India's biggest
6 months, 1 week ago

Hyundai Motor files for IPO of almost $3 billion, likely India's biggest

Hindustan Times  

South Korean automaker Hyundai Motor's Indian arm filed preliminary papers with Sebi for its initial public offering in which the company will sell 142.2 million shares, as per a draft red herring prospectus. Through the IPO, the automaker is seeking to raise around $3 billion in the IPO, with a potential listing planned by the end of the year, Bloomberg …

Paytm’s market share Continues to fall after RBI crackdown
6 months, 2 weeks ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Ztech India IPO Closes: Check Subscription Status, GMP Today
6 months, 3 weeks ago

Ztech India IPO Closes: Check Subscription Status, GMP Today

News 18  

Ztech India IPO: The initial public offering of Ztech India Ltd, which closes on Friday, has received a whopping response from investors. Ztech India IPO GMP Today According to market observers, unlisted shares of Ztech India Limited are trading Rs 58 higher in the grey market as compared with its issue price. Ztech India IPO opened for public subscription on …

Ztech India IPO day 3 Check Subscription status , GMP, key dates and all you need to know
6 months, 3 weeks ago

Ztech India IPO day 3 Check Subscription status , GMP, key dates and all you need to know

Live Mint  

Ztech India IPO: The Initial Public offering that opened for subscription on Wednesday 29 May 2024 will be available for retail investor application till Friday, 31 May' 2024. Ztech India IPO subscription status Ztech India IPO had been subscribed 371.39 times times by 5 PM on day 3 as per Chittorgarh.com data. Ztech India IPO issue Size and other details …

Ztech India IPO opens for subscription: Price band at ₹104 - 110 per share, key details here
6 months, 3 weeks ago

Ztech India IPO opens for subscription: Price band at ₹104 - 110 per share, key details here

Hindustan Times  

Ztech India IPO: The initial public offering for civil engineering products designer Ztech India opens for subscription today. Ztech India IPO: Ztech India IPO price band has been fixed at ₹ 104 to ₹ 110 per share, while the IPO lot size is 1,200 shares. Ztech India IPO price The price band of the IPO has been fixed at ₹104 …

Paytm stock gains for 4th consecutive day: Is the worst over?
9 months ago

Paytm stock gains for 4th consecutive day: Is the worst over?

Hindustan Times  

Paytm share price: Shares of One97 Communications, Paytm's parent company, extended gains for the fourth consecutive session as the stock soared over 4% intra-day basis today hitting day high of ₹425.70 on the NSE. Analysts on Paytm stock Global brokerage firm Morgan Stanley reaffirmed its ‘Equal-Weight’ rating on the stock and maintained a price target of ₹555 per share while …

Popular Vehicles and Services IPO listing: GMP, details ahead of debut today
9 months ago

Popular Vehicles and Services IPO listing: GMP, details ahead of debut today

Hindustan Times  

Popular Vehicles and Services IPO: Popular Vehicles and Services IPO listing date has been scheduled for March 19. Popular Vehicles and Services IPO: The IPO consisted of a fresh issue of ₹ 250 crore as well as an offer-for-sale. Popular Vehicles and Services IPO subscription As per BSE data, the subscription status for the Popular Vehicles IPO was 1.23 times …

Paytm jumps 5% as digital payments app survives banking unit shutdown
9 months, 1 week ago

Paytm jumps 5% as digital payments app survives banking unit shutdown

The Hindu  

Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
9 months, 1 week ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in
10 months, 2 weeks ago

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in

The Hindu  

Hit by a regulatory crackdown, India's Paytm is mobilising its sales team to reassure the merchants who use its app to accept digital payments just as Walmart and Google are targeting those same vendors with their rival offerings. But many merchants are now refusing to deal with Paytm after India's central bank last week asked its banking unit - which …

Paytm crisis: No ED investigation either against company or CEO, company asserts
10 months, 2 weeks ago

Paytm crisis: No ED investigation either against company or CEO, company asserts

Hindustan Times  

The Enforcement Directorate is neither investigating owner of Paytm brand- One97 Communications- nor its founder and CEO Vijay Shekhar Sharma for money laundering, the company said. We have and continue to abide by Indian laws and take regulatory orders with utmost seriousness.” This comes following a recent RBI order that barred Paytm Payments Bank Ltd from taking any further deposits, …

Paytm Q3 results: Revenue jumps 38% to ₹2,851 crore
11 months ago

Paytm Q3 results: Revenue jumps 38% to ₹2,851 crore

Hindustan Times  

Paytm Q3 results: Paytm posted a 38 per cent rise in revenue to ₹2,851 crore in the quarter ending in December, it said in a regulatory filing on Friday. Paytm In the October-December quarter, the fintech giant Paytm reported a robust 38 per cent YoY growth in revenue, reaching ₹2,850 crore, with EBITDA before ESOP showing an improvement of ₹188 …

Tata Technologies IPO open on November 22: GMP steady; check price, lot size and more
1 year, 1 month ago

Tata Technologies IPO open on November 22: GMP steady; check price, lot size and more

Hindustan Times  

The initial public offering for Tata Technologies Ltd is set to go live tomorrow, November 22, making it the first IPO by a Tata Group company in the last 20 years. The Tata Technologies IPO is set to open on November 22 Meanwhile, the grey market premium for Tata Technologies has remained steady up until the launch of the IPO …

Tata Technologies IPO to open for subscription on this date
1 year, 1 month ago

Tata Technologies IPO to open for subscription on this date

Hindustan Times  

Tata Tech IPO: Tata Technologies, which provides engineering and product development digital services, has said its initial public offering will open for public subscription on November 22. Last month, Tata Motors had stated that it has inked a pact to sell a 9.9% stake in Tata Technologies to TPG Rise Climate for ₹ 1,613.7 crore. As part of the process, …

Zomato vs Paytm: Which internet stock should you pick for long term?
1 year, 1 month ago

Zomato vs Paytm: Which internet stock should you pick for long term?

Live Mint  

Internet stocks are recovering in 2023 after a weak investor response to their initial public offerings. Amid this, let's find out, between internet stocks Zomato and One 97 Communications, which one has better growth opportunities in the long term. Stock Price Trend In the last one year, Zomato has outperformed Paytm, surging 68 percent as against a 39 percent rise …

IPO fundraising slumps by 26% in H1 FY24 to ₹26,300 crore, shows data
1 year, 2 months ago

IPO fundraising slumps by 26% in H1 FY24 to ₹26,300 crore, shows data

Live Mint  

In the first half of 2023–24, 31 Indian corporates raised ₹26,300 crore through main board IPOs, a drop of 26% from the ₹35,456 crore raised by 14 IPOs during the same time in 2022–23, according to Prime Database Group's report. In the first half of 2022–2023, total public equity fundraising surged by 69% to ₹73,747 crore from ₹43,694 crore, according …

Paytm eyes India-scale AI system; fintech investing to build new software stack
1 year, 4 months ago

Paytm eyes India-scale AI system; fintech investing to build new software stack

Live Mint  

One97 Communications Limited, which owns the brand Paytm, is investing in artificial intelligence with an eye on building artificial general intelligence software stack. In his letter, Sharma mentioned that Paytm's next contribution for India's Digital revolution after mobile payments, will be – small mobile credit with high credit quality and fully compliant with the regulators' guidelines. Paytm announced its April-June …

Paytm shares rise over 3% on strong July business update
1 year, 4 months ago

Paytm shares rise over 3% on strong July business update

Live Mint  

Paytm share price rallied over 3% on Friday after the fintech giant reported strong operating performance for the month of July. One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. The loan distribution business of the fintech firm continues to gain scale …

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma
1 year, 5 months ago

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma

Business Standard  

The Indian financial technology ecosystem has room to accommodate many large players as the country's market is largely underserved, said Paytm founder and chief executive officer Vijay Shekhar Sharma during an analyst call. Paytm, the only listed payments fintech in India, in its first quarter results, announced that its revenue from operations jumped 39 per cent year-on-year to Rs 2,342 …

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report
1 year, 5 months ago

Driven By SME IPOs, India Leads Global IPO Chart With 80 Listings Till June 2023: Report

ABP News  

Defying global trends, the stock exchanges of India have topped global rankings in terms of the number of initial public offers. As per a report by Ernst and Young, the BSE and the NSE have jointly listed 80 firms till June 2023, which is 33 per cent higher than the 60 IPOs floated a year back. "Defying the global downward …

Netweb Technologies IPO price band finalised; Check details here
1 year, 5 months ago

Netweb Technologies IPO price band finalised; Check details here

Live Mint  

The initial public offering of computing solutions provider Netweb Technologies India will hit the street on July 17. Netweb Technologies IPO, which will remain open till July 19, consists of a fresh issue of shares worth ₹206 crore and an offer-for-sale of up to 85 lakh shares by its existing promoters and shareholders. The lot size of Netweb Technologies India …

Discover Related