Business

Paytm-parent’s IPO subscribed 18 percent on Day 1

BureauComments Off on Paytm-parent’s IPO subscribed 18 percent on Day 1

Mega IPO of One97 Communications, the parent company of Paytm, was subscribed 18 per cent on Day 1. According to data from the National Stock Exchange (NSE), investors bid for 88,23,924 equity shares by 5:00 pm, against the total issue size of 4,83,89,422 equity shares.

Retail investors quota was subscribed as much as 78 per cent, whereas the quota for non-institutional investors received only 2 per cent subscription. The Qualified Institutional Buyers portion was subscribed 6 per cent. One97 Communications is selling its shares in the range of Rs 2,080-2,150 apiece, with a face value of Re 1 each. Investors can bid for a minimum of 6 shares and in the multiples thereof.

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