Paytm IPO Update: Paytm founder Vijay Shekhar Sharma visited the Tirumala Temple in Tirupati to pray for the success of the IPO of his Fintech company Paytm. However, Paytm's IPO has received a 48 per cent subscription on its second day. However, the quota of retail investors has been subscribed 1.22 times so far.
Paytm's IPO is two days off from closure, and investors can invest in this IPO in these last two days. The IPO of One97 Communications, the parent firm of Fintech company Paytm is being called the largest one in the nation's history. Investors intending to be a part of this IPO can place their bids between November 8 and 11. The company aims to raise Rs. 18,300 Crore through this IPO.
How much of this amount would be for 'Fresh Issue'?
Rs. 8,300 crores would be raised through 'Fresh Issue', while Rs. 10,000 Crore worth of shares would be sold by the company through the Offer For Sale (OFS) option. Paytm has raised Rs. 8,235 Crore from its Anchor Investors on Wednesday, November 3.
If you too are planning to invest in this company, have a look at these details:
Paytm IPO Details:
IPO Opening Date: November 8, 2021
IPO Closing Date: November 11, 2021
Price Band (per share): Rs. 2080 - Rs. 2150
Lot Size: 6 Shares
Minimum Investment Amount: Rs. 12,480
Issue Size: Rs. 18,300 Crore
What does the Grey Market say in terms of its price?
When it comes to grey market premiums, market experts indicate mixed feedbacks. At present, Paytm's IPO price is at a premium of Rs. 140. This means that it is expected to be listed in the stock market at a price above Rs. 2,300.
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