of paytm 18,300 crore Initial Public Offering (IPO) On Wednesday, the last day of subscriptions, it was oversubscribed 1.89 times, which was described as India’s biggest share sale. The three-day issue was launched on November 1 and ended on November 3, priced at Rs. 2,080-2,150 per share.
The share allotment of Paytm IPO is likely to take place next week on November 15, and the shares are expected to be listed on the major stock exchanges NSE and BSE on November 18. Link Intime India Private Limited is the registrar for the IPO.
According to market observers, today the share premium (GMP) of Paytm has fallen further in the gray market. 20.
In the initial share sale of Paytm’s parent company One97 Communications, bids were received for 9.14 crore equity shares against an offer size of 4.83 crore shares. While the portion set aside for retail investors was oversubscribed by 1.7 times, demand was received by 2.8 times for institutional buyers. Non-institutional investors (NIIs) such as wealthy individuals and companies bought about 24% of the shares offered to them.
Paytm IPO involves a fresh issue of equity shares Offer for Sale (OFS) of shares up to Rs.8,300 crore and up 10,000 crores. OFS, or secondary share sale, involves the sale of shares up to 402.65 crore by founder Vijay Shekhar Sharma.
Established in 2000, One97 Communications is India’s leading digital ecosystem for consumers and merchants. It provides users with a wide range of services – payment services and financial services. It is the largest payment platform in India with GMV approx. 4 lakh crore in FY21. As of June 30, 2021, it provides payment services, commerce and cloud services and financial services to 337 million consumers and over 22 million merchants.
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