- Our Views
- Dashboards
- Magazine
- Store
Insta
Paytm IPO Subscribed 18 Per Cent On First Day Of Bidding, Retail Portion Booked 78 Per Cent
The initial public offer (IPO) of homegrown fintech firm Paytm opened to a slow start on Monday (8 November).
The Paytm IPO was subscribed only 18 per cent on Monday, which was the first day of the three-day window for bidding.
On the first day, the Paytm IPO attracted bids for 88.23 lakh equity shares against offer size of 4.83 crore shares.
According to a Hindustan Times report, the portion set aside for retail investors has been subscribed 78 per cent, while the reserved portion of non-institutional investors was subscribed 2 per cent, and qualified institutional buyers have put in bids for 16.78 lakh shares against 2.63 crore shares set aside for them.
The Paytm IPO is the largest-ever public issue in the history of Indian capital market.
Share allotment is likely to take place on 15 November, and the shares are expected to be listed on 18 November.
One97 Communications Ltd, the parent company of Paytm, is offering 4.83 crore shares in the $2.4 billion IPO that will close on 10 November. The company received bids for 88.23 lakh equity shares on Monday.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
Get Swarajya in your inbox.
Magazine
