Paytm's IPO was subscribed 48 per cent on second day of issuePaytm's Rs18,300 crore share sale by means of preliminary public deal (IPO), the nation's biggest-ever, was subscribed 48 per cent at the end of the 2nd day of the problem, receiving quotes for 2.34 crore equity shares against offer size of 4.83 crore shares.The shares reserved for retail investors were subscribed 100 percent as they received 90,01,254 quotes for 87,98,076 shares reserved for retail individual investors, according to information on BSE.Shares booked for non-institutional financiers were subscribed 5 percent, while qualified institutional buyers (QIBs) put in bids for 46 per cent shares of the part reserve for them.Paytm is selling shares in the rate band of Rs 2,080-2,150 per share and retail investors can bid for a minimum of one great deal of six shares up to a maximum of 15 lots.
At the upper rate band, one lot of Paytm shares will cost Rs 12,900.
Paytm allocated shares worth Rs 8,235 crore to more than 100 institutional financiers, including the federal government of Singapore, ahead of the nation's biggest stock market listing.