Strategy Note /
India

Paytm IPO fully subscribed on India’s massive tech disruption opportunity

  • The largest IPO in India’s history wrapped up today. Foreign investors showed strong appetite for this industry leader

  • Paytm will remain heavily loss-making as it continues to invest in broadening its customer and product footprint

  • The aggressive valuation reflects Paytm’s super app leadership and capacity to disrupt whole swathes of India’s economy

Paytm IPO fully subscribed on India’s massive tech disruption opportunity
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Contributors
Rabail Adwani
Rohit Kumar
Tellimer Research
10 November 2021
Published by