Paytm IPO share allocation has been finalised How to verify the how much is left, GMP and more

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IPO wooden blocks-Initial public offering

The share allocation for the initial public offering (IPO) for Paytm is now finalized. The IPO of the Noida-based company was attended by nearly two times October 10. India’s biggest IPO began on the 8th of November. The shares of VijayShekhar Sharma’s firm will go for sale on BSE as well as NSE on the 18th of November.

The Paytm shares traded at a grey-market premium (GMP) which was 1.4 percent above the price at which they were issued, which was Rs . 2,150 per share in accordance with IPO Watch and IPO Central. The premium is down from 2.3 percent in the last week.

According to GMP according to the GMP, according to the GMP, Paytm stock will likely to be traded at Rs. 2,180 at the time of listing on BSE or NSE.

The digital payment company has raked in around Rs 18,300 crore from the IPO. The size of the shares sold was increased from 16,600 to crore.

Also check out: Indian start-ups aren’t overpriced Payments by Paytm’s Vijay Shekhar Sharma

It is believed that the Paytm IPO has surpassed Coal India (Rs 15,475-crore IPO) and Reliance Power (Rs 11,700 crore IPO) in terms of the issue size. The IPO includes a new offering of equity shares with a face value of 1 rupee each, totalling to around Rs 8,300 crore. It also includes the sale offer to existing shareholders amounting up to the amount of Rs 10,000 crore.

India’s largest IPO was bought 1.89 times on the day of its closing. The issue saw offers in the amount of 9.13 million equity shares, compared to an the offer dimensions of 4.83 crore shares.

Watch the video: Unraveling the slow performance of Paytm the IPO

The part allocated to retail investors was occupied 1.66 times and the reserved portion for non-institutional investors was subscribed at 24 percent. The qualified institutional buyers made bids 2.79 times more than the amount that was allocated to them.

The size of the lot in the IPO was six shares, for which the buyer would need to pay the sum of Rs 12,900. Up to 15 lot containing ninety shares may be purchased for by spending Rs 1,93,000.

The company will utilize the profits from share sales to expand its payment infrastructure as well as for business ventures and acquisitions.

JPMorgan Chase, Morgan Stanley, ICICI Securities, Goldman Sachs, Axis Capital, Citi and HDFC Bank were the booking leading managers of the issue. On the 22nd of October Paytm had been granted Sebi’s approval from the market regulator to sell shares.

There are two ways via which one can verify the status of allotments. Investors can check on the Bombay Stock Exchange (BSE) website, or the IPO registration site of the registrar.

Step 1: Go to the BSE official BSE website.

Step 2. Step 2: On the BSE homepage, click “Equity”. A dropdown menu will open. Choose ‘One97 Communications Ltd’.

Step 3. Complete your application with your PAN number.

Step 4: Once you have entered the information, click “Search”.

After you click on the search button, the shares that you subscribed and the amount of shares allocated to you will be displayed.

Registrar website

Visit the official website of the registrar Link Intime India to check the status of your application. Select ‘Select Company’ and click on ‘One97 Communication Ltd’.

If the company you want to select is chosen You will need to input either your PAN details or the application number or the ID of the client. Enter the captcha, and then hit submit.

After you press submit after which the status of your application will be displayed in the display.

Paytm’s parent company One97 Communications offers consumers and merchants easy-to-use technology-led services and products as well with easy and accessible service to banks.

At the time of June 30, 2021, the firm offers payments, commerce and cloud services, as well as finance services for 33.7 million consumers and more than 2.2 million merchants.


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