Brokerages advise caution on Paytm

The focus will be back on India’s primary markets next week as the largest initial public offering (IPO) opens for subscription even as the performance of two other new age firms that are likely to list will be monitored keenly.

One97 Communications, the parent of digital payments brand Paytm, will open for subscription on Monday. There will be two other IPOs vying for investor attention — Sapphire Foods India Ltd and Latent View Analytics Ltd that will open for subscription on the following day and close on November 11.

However, the most watched will be the Rs 18,300-crore float from One97 Communications which is the biggest after Coal India’s IPO in 2010.