Paytm’s Founder and CEO Vijay Shekhar Sharma said hours before the company’s much-anticipated stock market debut on Thursday that it “feels like carrying the hopes and aspirations of young India to the Stock Market.”

In a Twitter post, Sharma wrote: “Man, I can feel for our cricket team! So many messages, wishes, & kind words. Feels like carrying the hopes and aspirations of young India to the Stock Market. From coal to fintech, in 11 years — India has transformed. To every Paytmer, you’ve changed India for good.”

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One97 Communications, the parent firm of digital payments platform Paytm, is set to make its debut on Dalal Street despite a lukewarm response from investors. The Paytm IPO is the largest of its kind in India, with a target valuation of Rs 18,300 crore. At 10 a.m., Paytm shares will be launched on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). One97 Communications, founded in 2000, is India’s leading digital ecosystem for consumers and merchants.

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From November 1 to 3, the Paytm IPO was open for subscription. The price band for the offering was set by the payments platform at Rs 2,080 – 2,150 per share. The offer consisted of fresh issuance of Rs 8,300 crore and a sale of Rs 10,000 crore by selling shareholders, which included founders and investors.

Paytm’s parent company, One97 Communications, received bids for 9.14 crore shares versus 4.83 crore shares offered for sale. Qualified institutional purchasers bid 2.79 times the amount allotted to them, while retail buyers bid 1.66 times the amount allotted to them. Non-institutional purchasers purchased 24% of the shares reserved for them.

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Paytm received Rs 8,235 crore from 122 anchor investors by allocating 3.83 crore shares at Rs 2,150 each. BlackRock Global Funds received a 12.2% anchor component through World Technology Fund (40.38 lakh shares) and World Financial Fund (6.376 lakh shares). CPPIB has received about 43.62 lakh shares (11.4%).

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Paytm’s grey market share price has been steadily declining since the company went public. On Wednesday, Paytm shares were fetching a Rs 30 premium on the grey market, representing a 1.4% increase above the final issue price of Rs 2,150. The company’s equities were selling at Rs 2,300 on the grey market on October 7, a Rs 150 or 7% premium over the final issue price, but plunged to Rs 80 on the IPO’s opening day. The Paytm IPO GMP plummeted as low as Rs 40 on the final day of the sale. Analysts anticipate a flat or modest listing for Paytm, with a premium of about 20% over the final offering price.