Paytm IPO Listing: Today everyone’s eyes on Paytm, listing is in the stock market, how will the debut be?
Listing happening today
The listing of Paytm will be in the market today from 10 am. Although the company’s IPO initially received a mixed response, according to many reports, its prices are also declining in the gray market, so it has to be seen at what price the company’s shares are listed today. .
The company had kept the price band of its shares at Rs 2,080 to Rs 2,150 per share. Retail investors could bid for a minimum of six shares in one lot to 15 lots. The price of one lot at the upper price band was Rs 12,900.
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How was the IPO subscription?
Paytm’s Rs 18,300 crore IPO was taken over by foreign institutional investors. According to information received from the stock market, Paytm’s parent company One97 Communications Ltd. The IPO of K.K. received bids for 5.24 crore equity shares against an offer size of 4.83 crore shares. Qualified Institutional Buyers (QIBs), who did not show much enthusiasm for the IPO in the first two days, took the plunge and subscribed for 1.59x more than the shares they had reserved.
Foreign Institutional Investors (FIIs) subscribed for 4.17 crore shares against 2.63 crore shares reserved for QIBs. Retail investors subscribed for 1.46 times more than the 87 lakh shares reserved for them. On the other hand, non-institutional investors placed bids for only eight per cent of the 1.31 crore shares reserved for them.
Paytm had allotted its 8,235 crore shares to more than 100 institutional investors. The Government of Singapore was also involved in this. In the IPO of Paytm, there was a proposal to raise Rs 10,000 crore through fresh issue and offer for sale (OFS) of 8,300 crore shares.
The OFS includes shares up to Rs 402.65 crore by Paytm CEO Vijay Shekhar Sharma, up to Rs 4,704.43 crore by Antfin (Netherlands) Holdings, up to Rs 784.82 crore by Alibaba.com Singapore E-commerce and up to Rs 75.02 crore by Elevation Capital v FII Holdings. sales are included.
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