About PayTM and PayTM IPO

Vijay Shekhar Sharma had an engineering degree in Electronics and Communication from Delhi College of Engineering. In the year 2000, Vijay Shekhar Sharma founded one97 Communications which provided mobile content like news, cricket scores, ringtones, jokes, and exam results. It is the parent company of Paytm. This company was started from a small rented room in South Delhi. Paytm was established in the year 2010.

Here is the full name of Paytm –

Paytm is actually the short form of Pay Through Mobile. In this way Paytm with ‘Payment by Mobile’ was born in 2010.

PayTM IPO launched – Know a few things about it

Initial Public Offering (abbreviated: IPO), when a company issues its common stock or shares to the public for the first time to invest, it is called an IPO or “public offer”. These are issued by the investors who collect the capital from small and big investors to increase their business.

Now anyone can invest in a PayTM company by investing in PayTM IPO. There is a minimum Investment amount is Rs.12900 and the maximum investment would be about Rs.1,93,500 for 15 lots.

PayTM IPO is India’s largest public issue in the history of the Indian Share/capital market.

Here are 10 key things about PayTM IPO –

When Paytm IPO will open? –

The offer will open for investors on November 8 and it will close on November 10.

PayTM IPO Price Band –

The price band for the offer has been fixed at Rs 2,080 to Rs 2,150 per equity share.

What is the Paytm IPO price? –

The retail investors can invest a minimum of Rs 12,900 for a single lot and their maximum investment would be Rs 1,93,500 for 15 lots.

12900 x 15 = 193500

How do I purchase an IPO?

you can purchase them through online brokerages like Zerodha, Angel Broking, PayTM Money, etc.

Benefits of buying IPO –

In the beginning, buying shares of a company through IPO is cheap, which can prove to be beneficial later. But sometimes the cheaper stock becomes even cheaper in the future due to which loss can also be incurred.