Following SEBI’s clearance, Paytm is expected to allocate shares at the top price band of 2,150 per share on November 16.
Paytm, a digital payments and financial services company, is expected to allocate shares at the upper price band of 2,150 rupees per share on November 16 following market regulator Securities and Exchange Board of India’s (SEBI) approval, which is expected on Monday (November 15), according to sources familiar with the development.
The share allotment was previously planned to take place on November 15, according to the Paytm Money app.
After SEBI clearance, Paytm is expected to distribute shares on Tuesday. SEBI approval is likely on Monday, according to one of the individuals.
Paytm will list an enterprise valuation of 1,49,428 crore or little more than $20 billion at an exchange rate of 74.35 based on the bid received for its 18,300 crore first public offering (IPO).
Institutional purchasers, notably FIIs, flooded the share sale with offers seeking 2.79 times the number of shares earmarked for them, resulting in the country’s largest IPO being oversubscribed 1.89 times.
Blue chip investors such as Blackrock, Canada Pension Plan Investment Board, GIC, ADIA, APG, City of New York, Texas Teachers Retirement, NPS Japan, University of Texas, NTUC Pension from Singapore, and University of Cambridge were among those who participated in the company.
The 87 lakh shares earmarked for retail investors were snapped up in 1.66 seconds.
1. Choose an equity and issue name (in this case, One 97 Communications Limited, Paytm’s parent company).
2. Enter the application number as well as the PAN number.
3. Finally, tick the box (I am not a robot) and click “search” to find out the status of your application.
By way of the IPO Registrar
1. Type in “One 97 Communications Limited – IPO” as the company name.
2. Choose and enter a PAN number, an application number, a DP/client ID, or an account number/IFSC code.
3. Finally, press the submit button.
New Delhi: The initial public offering (IPO) allotment for Paytm’s parent company One97 is anticipated to be announced on Tuesday, November 16. Investors who subscribed to the Paytm IPO can check their allotment status on the official registrar website or on the BSE’s (Bombay Stock Exchange) webpage.
Despite the lack of interest in the offer over the first two days of subscription, the Paytm IPO was eventually subscribed 1.89 times. The IPO was 2.79 times oversubscribed by QIBs and 1.66 times oversubscribed by retail investors.
In all, 9,14,09,844 bids were received for the 4,83,89,422 shares offered in the offering. Because demand for the offer grew on the last day of the subscription period, it’s likely that investors who received shares will see significant listing gains. To verify the status of your bid, you’ll have to wait until the Paytm IPO allotment date.
How can I check the status of my Paytm IPO allotment?
If you were a subscriber to the Paytm IPO, you must be excited to learn whether or not you received the shares in exchange for your bid. To check the status of your Paytm IPO allotment, follow the steps below:
Step 1: Go to https://www.bseindia.com/investors/appli check.aspx on the official BSE website.
Step 2: In the issue type column, select the ‘Equity’ option.
Step 3: From the Issue Name drop-down option, select ONE97 Communications Limited.
Step 4: Enter your application number as well as your PAN card information.
Step 5: Double-check the Captcha challenge and select the ‘Search’ option.
You’ll be able to monitor the progress of your Paytm IPO bid after following the steps outlined above. Investors who do not receive their shares will have their funds returned to their bank accounts within a few days. Also PM Modi distributes the first instalment of the PMAY-G to around 1.47 lakh beneficiaries in Tripur.