Paytm IPO Subscription Day 2: Overall bidding at 48%; retail portion booked 1.23 times
With the issue size of Rs 18,300-crore, the Paytm IPO, if successful, will be the biggest in the country after the Coal India IPO in 2010, wherein the state-owned company had garnered Rs 15,200 crore.
5.00 PM: Paytm IPO overall subscription stood at 48% at the end of Day 2. Maximum bidding was made by retail investors as RIIs subscribed the issue 1.23 times
2:50 pm: Paytm has been witnessing slow subscription as compared to many other IPOs launched recently. The Initial public offer of One 97 Communications Ltd was subscribed 37%, while retail investors were pushing the bidding with 1.10 times subscription on the Day 2.
1: 30 PM: Paytm IPO overall subscription stands at 36%. RIIs portion fully subscribed. With bidding for 92,03,520 shares as against 87,98,076 shares, the reatil category was oversubscribed at 1.05 times
Paytm IPO (initial public offer) was subscribed 0.34 times so far on Tuesday, November 9, 2021, the second day of the opening of the issue. The initial public offer of One 97 Communications Ltd (Paytm) saw bidding for 1,62,85,422 shares as against reserved quota of 4,83,89,422 shares at 11.15 am on Tuesday.
Meanwhile, retail individual portion was almost fully subscribed around the same time. The retail Individual Investors (RIIs) were seen leading the subscription as RIIs category saw application for 82,97,802 shares as against allotted 87,98,076 shares.
See Zee Business Live TV Streaming Below:
Qualified Institutional Buyers (QIBs) and Non-Institutional Investors booked the issue 0.29 and 0.2 times.
Earlier, the initial public offer of Paytm was subscribed 18% on the first day of bidding.
The company has set a price band of Rs 2,080-2,150 per share for this IPO. With the issue size of Rs 18,300-crore, the Paytm IPO, if successful, will be the biggest in the country after the Coal India IPO in 2010, wherein the state-owned company had garnered Rs 15,200 crore.
The offer comprises fresh issuance of equity shares worth Rs 8,300 crore and Rs 10,000 crore from an offer for sale (OFS) by existing shareholders. Earlier, on Wednesday, 3rd November, Paytm raised Rs 8,235 crore from anchor investors.
Paytm IPO Timeline:
Application start date: November 8, 2021
Application end date: November 10, 2021
Allotment start date: November 15, 2021
Refund initiation date: November 16, 2021
Allotment date: November 17, 2021
Listing date: November 18, 2021
Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. In 2009, the company launched the first digital mobile payment platform, "Paytm App" to offer cashless payment services to customers and now, it became the India's largest payment platform and the most valuable payments brand.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
05:09 PM IST