Paytm IPO’s allotment standing can be introduced in the present day— right here’s how one can verify allotment standing

  • The lot dimension must be six, taking the full value to 12,900 on the higher value vary.
  • Paytm is looking for a valuation of $19.3- $19.9 billion with this public situation.
  • The corporate’s IPO will open from November 8 to November 10.

The allotment standing of Paytm’s preliminary public providing (IPO) might be introduced tomorrow on November 15. This was India’s largest IPO, which surpassed Coal India’s ₹15,000 crore public situation of October 2010.

One97 Communications — the father or mother firm of digital funds large Paytm — was promoting 4.83 crore fairness shares with a view to elevate ₹ 18,300 crore. About ₹8,300 crore was raised by way of recent points, whereas the remaining ₹10,000 crore was raised through supply on the market (OfS).

Conglomerates like Japan-based SoftBank and China-based Alibaba have been additionally promoting their stake within the firm on this public situation.

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Paytm’s IPO was subscribed 1.89 instances, as per the inventory alternate. The corporate acquired bids for 9.14 crore shares in comparison with 4.83 crore shares up on the market.

The retail portion of Paytm’s IPO has been oversubscribed since day one, whereas the non-institutional portion was lagging behind with 24% subscription.

Paytm’s shares are being supplied at a value band of ₹2,080-₹2,150, and the lot dimension has been set at six shares. This implies one lot would value as much as ₹12,900 on the higher value band.

Right here is how you can verify Paytm’s IPO allotment standing on inventory alternate web site:

  • Go to the BSE web site or NSE web site right here.
  • On BSE, Choose ‘Fairness’ after which from the dropdown, choose the IPO title.
  • Now, enter your utility quantity and PAN.
  • Click on on ‘Search’.
  • Please observe the small print will solely be out there as soon as the shares are allotted.

You can even go to the registrar web site (Hyperlink Intime India) to verify your utility

  • Go to the registrar’s web site right here.
  • Click on on ‘Choose firm’ and click on on ‘firm title’.
  • As soon as the corporate is chosen, you’ll have to enter both your PAN element, the applying quantity, or the consumer ID.
  • Enter the captcha and click on ’submit.

When you hit ‘submit’, the standing of your utility will seem on the display screen. Please guarantee the small print that you just present are appropriate. It’ll present the variety of shares you subscribed to and the variety of shares allotted to you.


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