INSUBCONTINENT EXCLUSIVE:
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.
