Paytm IPO: The company sold shares in a price range of Rs 2,080 – Rs 2,150 per share
The leading digital mobile payments platform – Paytm, will be listed on the stock exchange tomorrow – November 18, a few days after the initial public offering (IPO) ends on 10 Nov. The country’s biggest IPO to date – just behind Coal India was registered 1.89 times at the end of its bidding process.
Paytm Stock To Be Listed Tomorrow: Here’s All You Need To Know
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Paytm’s Rs 18,3000 IPO is the largest in the country’s corporate history, breaking records set by the state-run Coal India company, which raised Rs 15,000 more than a decade ago.
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Paytm has allocated shares worth Rs 8,235 crore to more than 100 institutional investors, including the Singapore government, ahead of listing on the country’s largest stock exchange.
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According to NSE data, the IPO was registered 1.66 times by retail investors, 2.79 times by qualified institutional buyers (QIBs) and 0.24 times by non-investors must be the organization.
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One can check allocation status for Paytm shares on BSE or through registrar’s website – Intime India Link (Also read: Follow these steps to check the allocation status for Paytm shares )
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Paytm’s IPO consists of a new issue of Rs 8,300 crore and an offer of sale (OFS) by existing shareholders worth Rs 10,000.
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Paytm has sold shares in a price range of Rs 2,080 to Rs 2,150 per share, and retail investors can bid a minimum of one lot out of six shares up to a maximum of 15 lots. At the above price, one lot of Paytm shares is priced at Rs 12,900.
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Investors such as Japan’s SoftBank, China’s Ant Group and Alibaba, and Elevation Capital were among the top investors who diluted their shares in the IPO.
