The listing for Paytm will happen soon. According to the sources familiar with the matter, Paytm's Rs 18,300 crore initial public offering will take place between November 8 and 10 at a price range of Rs 2,080-2,150 per share. The initial plans were for Diwali but that got postponed by a few days due to the issues with approval from the Securities and Exchange Board of India
The share of the online segment is also expected to increase from 1 per cent in CY20 to 15 per cent by CY30, as online tech platforms accelerate the focus on digitising the entire journey of car ownership right from car search, car purchase, car finance, and car insurance to sales in India.
Hit hard by the pandemic last year, the mobility sector in India has recovered 63 per cent with overall 71 million rides (by January), and autos and bike taxis have shown the highest recovery, a new report said on Monday. The ride-hailing platforms, however, are yet to reach the pre-covid levels when they registered 113 million rides, according to Bengaluru-based consulting firm RedSeer. With 71 million rides, the sector has recovered 63 per cent but is still lesser compared to 113 million rides in the pre-Covid days. All the segments have shown gradual recovery with normalcy and unlock resuming, said Sanjay Kothari, engagement manager, RedSeer. With the impact of Covid-19, the sector saw a significant drop in usage last year as offices began remote work culture and most of the educational and other places closed for months.