Paytm's share allocation is expected to happen on November 16 after SEBI's approvalDigital payments and financial services firm Paytm is likely to allocate shares at the upper cost band of Rs 2,150 each on November 16 after market regulator Securities and Exchange Board of India's (SEBI) approval which is anticipated to come on Monday (November 15), sources knowledgeable about the advancement said.Earlier the share allotment was anticipated to happen on November 15 and the Paytm Money app likewise displayed the exact same.
Paytm share allocation is most likely to take place on Tuesday after approval of SEBI.
The approval from SEBI is expected to come on Monday, one of the sources said.Based on the bid got for Paytm's Rs 18,300 crore initial public offer (IPO), the business will note a business assessment of Rs 1,49,428 crore or somewhat over $20 billion at an exchange rate of 74.35.
The country's biggest IPO was subscribed 1.89 times with institutional purchasers including FIIs flooding the share sale with offers seeking 2.79 times the variety of shares reserved for them.The business saw involvement from blue chip investors like Blackrock, Canada Pension Investment Board, GIC, ADIA, APG, City of New York, Texas Educators Retirement, NPS Japan, University of Texas, NTUC Pension out of Singapore and University of Cambridge among others.Retail financiers lapped up for 1.66 times the 87 lakh shares reserved for them.Paytm is set for a bumper listing, most likely on November 18, and will be among India's a lot of valued companies.
Subscribers can check their share allotment status by following this treatment: On BSE Website1.
Select equity and issue name (One 97 Communications Limited, Paytm's moms and dad company, in this case)2.
Go into application number and PAN number3.
Check box (I am not a robotic) and click on search to know the application statusThrough IPO Registrar1.
Select company name One 97 Communications Limited-- IPO 2.
Select and accordingly enter PAN number, or application number or DP/client ID, or account number/ IFSC3.
Click on submit