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Paytm IPO Date, Review, Price, Form & Market Lot Details

Written by on October 22, 2021

Paytm is India’s main monetary companies firm that provides full-stack funds & monetary options to shoppers, offline retailers and on-line platforms. The corporate is on a mission to deliver half a billion Indians into the mainstream economic system by means of funds, commerce, banking, investments, and monetary companies. One97 Communications Restricted that owns the model Paytm is based by Vijay Shekhar Sharma and is headquartered in Noida, Uttar Pradesh. Its traders embrace Softbank, Ant Monetary, AGH Holdings, SAIF Companions, Berkshire Hathaway, T Rowe Worth, and Discovery Capital.

Vijay Shekhar Sharma, Founder & CEO of Paytm and One97 Communications Restricted collectively personal Paytm Funds Financial institution, nation’s largest digital financial institution with over 58 million account holders. Engaged on its mission to deliver un-served & under-served Indians beneath the formal banking system, it has made banking accessible & handy to individuals throughout the nation by means of modern use of know-how.

It is wholly-owned subsidiary ‘Paytm Cash’ has achieved the excellence of changing into India’s largest funding platform inside its first 12 months, and is now one of many largest contributors of latest Systematic Funding Plans (SIPs) to the Mutual Funds trade; it has already obtained approvals to launch Inventory Broking, Demat Companies and Nationwide Pension System (NPS) companies, and strives to proceed to broaden the monetary companies and wealth administration alternatives to the unbanked and underserved Indians.

Paytm First Video games, which is one other group firm (a three way partnership between One97 Communications Ltd and AG Tech Holdings), has rapidly grow to be India’s go-to gaming and stay-at-home leisure choice for hundreds of thousands of customers throughout the nation. The platform caters to all sorts of players with an exhaustive array of video games for amateurs in addition to esports for gaming professionals.

Paytm Insurance coverage is a wholly-owned subsidiary of One97 Communications Ltd (OCL) and has secured a brokerage license from IRDAI. It presents insurance coverage merchandise to hundreds of thousands of Indian shoppers throughout 4 classes together with two-wheeler, four-wheeler, well being and life. The corporate goals to simplify insurance coverage and create a seamless, straightforward to grasp on-line journey for its prospects.

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