Paytm IPO Subscription Status: Issue subscribed nearly 2 times, QIBs portion booked 2.79 times on last day

The initial public offer of One 97 Communications Ltd (Paytm) was subscribed 1.89 times on the last day.

The company has set a price band of Rs 2,080-2,150 per share for this IPO. Source: Reuters

5.00 PM: The initial public offer of One 97 Communications Ltd (Paytm) was subscribed 1.89 times on the last day. Qualified Institutional Buyers(QIBs) led the suscription on the final day as QIBs subscribed the issue 2.79 times, followed by retail investors 1.66 times and Non Institutional Investors 0.24 times

3:320 pmL: Paytm IPO overall subscription rose to 1.48 times, while QIBs subscribed the issue 2.09 times. Retail Investors made bids for 1.60 times

1:45: Paytm IPO was fully subscribed on the last day. Overall subscription at 1.16 times, retail portion subscribed 1.47 times so far.

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12: 40 pm: Overall subscription at 0.67 times, retail portion subscribed 1.40 times

Paytm IPO (initial public offer) was subscribed 0.55 times so far on Wednesday, the last day of the opening of the issue. The initial public offer of One 97 Communications Ltd (Paytm) saw bids being made for 2,66,84,316 shares as against allotted quota of 4,83,89,422 shares at 11.00 am on Wednesday.

Retail Individual Investors (RIIs) subscribed the issue 1.34 times with bidding for 1,18,19,334 shares around the same time. The company has fixed 87,98,076 shares for RIIs category.

Qualified Institutional Buyers (QIBs) and Non-Institutional Investors booked the issue 0.54 and 0.06 times.

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Earlier, the company has set a price band of Rs 2,080-2,150 per share for this IPO. The offer comprises fresh issuance of equity shares worth Rs 8,300 crore and Rs 10,000 crore from an offer for sale (OFS) by existing shareholders. Earlier, on 3rd November, Paytm raised Rs 8,235 crore from anchor investors.
With the issue size of Rs 18,300-crore, the Paytm IPO, if successful, will be the biggest in the country after the Coal India IPO in 2010, wherein the state-owned company had garnered Rs 15,200 crore.

Paytm IPO Timeline:
Application start date: November 8, 2021
Application end date: November 10, 2021
Allotment start date: November 15, 2021
Refund initiation date: November 16, 2021
Allotment date: November 17, 2021
Listing date: November 18, 2021

The One 97 Communications Ltd (Paytm) is India's leading digital ecosystem for consumers as well as merchants. In 2009, the company launched the first digital mobile payment platform, "Paytm App" to offer cashless payment services to customers and now, it became the India's largest payment platform and the most valuable payments brand.

Earlier, Zee Business Managing Editor Anil Singhvi has recommended only high-risk taking individuals to apply for this IPO. "Only high-risk taking investors can apply for long term," said Anil Singhvi on Monday.

The market guru also laid out positives and negatives of the IPO. Talking about what's in favour of this online payment company, Zee Business Managing Editor said strong brand and promoters works for this company. Besides, strong track record and a market leader in it segment and diversification into new areas are other positives for this company

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