Paytm’s President and Group CFO Madhur Deora said it is a “happy coincidence” that the startup’s ₹18,300 crore initial public offering (IPO) is opening on the fifth anniversary of demonetisation. “November 8, 2016 was the day when Paytm became a household name,” Deora added. Paytm’s IPO is set to be the biggest-ever public issue in the history of Indian markets.

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