Paytm IPO Update: Paytm founder Vijay Shekhar Sharma visited Tirumala temple in Tirupati to pray for the success of his fintech company Paytm’s IPO. However, Paytm’s IPO got 48% subscription on the second day. However, so far the quota of retail investors has been subscribed 1.22 times.
Paytm IPO is two days away from closing and investors can invest in this IPO in these last two days. Fintech company Paytm’s parent company One97 Communications’ IPO is being said to be the biggest IPO in the history of the country. Investors willing 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 will be for ‘Fresh Issue’?
Rupee. 8,300 crore will be raised through ‘Fresh Issue’, while Rs. The company will sell shares worth Rs 10,000 crore through the offer for sale (OFS) option. Paytm has raised Rs. 8,235 crore from its anchor investors as on Wednesday, November 3.
If you too are planning to invest in this company, then 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 gray market say in terms of its value?
When it comes to gray market premiums, market experts indicate mixed feedback. Currently, the IPO price of Paytm is at a premium of Rs. 140. This means that this stock is expected to be listed in the market at a price above Rs. 2,300.
Disclaimer: The details given here are for informational purposes only. Investments are subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com does not promote investment in any particular company.
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