Paytm’s IPO Subscribed 48% On Second Day Of Challenge

Paytm’s IPO was subscribed 48 per cent on second day of difficulty

Paytm’s Rs18,300 crore share sale through preliminary public supply (IPO), the nation’s biggest-ever, was subscribed 48 per cent on the finish of the second day of the problem, receiving bids for two.34 crore fairness shares in opposition to supply measurement of 4.83 crore shares.

The shares put aside for retail traders had been subscribed 100 per cent as they obtained 90,01,254 bids for 87,98,076 shares reserved for retail particular person traders, in line with knowledge on BSE.

Shares reserved for non-institutional traders had been subscribed 5 per cent, whereas certified institutional patrons (QIBs) put in bids for 46 per cent shares of the portion put aside for them.

Paytm is promoting shares within the value band of Rs 2,080-2,150 per share and retail traders can bid for at least one lot of six shares as much as a most of 15 tons. On the higher value band, one lot of Paytm shares will value Rs 12,900.

Paytm allotted shares value Rs 8,235 crore to greater than 100 institutional traders, together with the federal government of Singapore, forward of the nation’s largest inventory market itemizing.

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