IPO Wrap: Paytm IPO subscribed 1.89 times on final day led by QIBs and retail investors

The first sale of stock (IPO) of One 97 Communications – the parent substance of computerized installments firm Paytm, which was dispatched prior this week got bought in 1.89 occasions on the last day, as indicated by the information accessible on the BSE. The issue which was bought in just 48% before the second’s over day got completely bought in by evening on the last day.

The country’s biggest IPO worth an incredible Rs 18,300 crore got offers for over 9.14 crore (9,14,09,844) shares against the complete issue size of almost 4.84 crore (4,83,89,422) shares, the information showed. The offers which are to be allotted for the certified institutional purchasers (QIBs) was bought in 2.79 occasions, while those of non institutional financial backers was bought in 0.24 occasions and that of retail individual financial backers (RIIs) was bought in 1.66 occasions, the information showed.

The Paytm IPO contains a new issue of value shares worth Rs 8,300 crore and a proposal available to be purchased (OFS) worth Rs 10,000 crore by existing investors. The Paytm IPO, which outperformed the 2010 contribution of state-run Coal India that raised over Rs 15,000 crore, had opened for membership on Monday, November 8, 2021, and finished up at 5 pm Wednesday, November 10, 2021.

It had a value band of Rs 2,080-2,150 for every offer and prior to heading into the IPO, One97 Communications raised an astounding Rs 8,235 crore (45 percent of the absolute issue size) from 122 anchor financial backers in lieu of 38,302,326 value shares at Rs 2,150 each. Going on, financial backers will presently anticipate the offer distribution date of the issue.

The finish of the premise of allocation for One97 Communications is relied upon to occur on Monday, November 15, 2021, according to the data gave in the distraction outline.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close